16640 Vallely Dr, Tampa
Hillsborough County Real Estate - Lutz
Lutz is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 19,344. Lutz is approximately 14 miles from Tampa (population 335,709) and around 25 miles from Clearwater Beach (population 107,685).
The median age for residents of Lutz is 43.3. Around 33.2% of Lutz households include school aged children and 23.7% of households include individuals aged 65 years or over. Census records indicate 88.7% of the Lutz population are White, 4.8% are Black or African American, .3% American Indian, 2.4% Asian and 2% are Two or more Races.
There are 7,822 housing units in Lutz. 572 (7.3%) of these were reported as vacant in the 2010 Census. There are 1,343 residential rental units in Lutz. 1,174 of them were occupied in 2010 providing a residential rental vacancy rate of 12.1%.
Lutz links:
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Hillsborough County
Hillsborough County is in the Tampa Bay region of Florida, along with Citrus, Hernando, Pasco, Pinellas, Polk, Manatee, and Sarasota counties. Tampa, one of Florida's largest cities, is part of Hillsborough County. Over 1.2 million people live in Hillsborough County.
Hillsborough County has the 6th largest school district in the country, employing approximately 25,000 people. Other major public employers are MacDill Air Force Base, Hillsborough County Government, University of South Florida, and Hillsborough Community College. The largest private sector employers are JP Morgan Chase, H. Lee Moffitt Cancer Center & Research Institute, Citi, Pricewaterhouse Coopers, and Progressive Insurance. Target industries are applied medicine & human performance, high-tech electronics and instruments, business, financial & data services, and marine & environmental activities.
Busch Gardens, one of Florida's main theme parks, is in Tampa and attracts many tourists. Tourists also visit historic Tampa neighborhood of Ybor City, once a cigar factory district, now a National Historic Landmark. Many tourists also flow through the Port of Tampa, which handles about a million cruise passengers each year. Not just for tourists, the port is busiest in the state for cargo, with large quantities of phosphates and steel flowing through it.
Located just outside of Tampa is MacDill Air Force Base, the headquarters for U.S. Central Command and the Special Operations Command. When hurricanes threaten the Atlantic coast, ?hurricane hunter? planes takeoff from MacDill to fly into the storm and take measurements. MacDill employs more than 14,000 and has an estimated impact of $5 billion.
Tampa is ranked by the Globalization and World Cities Research Network as a Gamma+ class city. In 2014 it was ranked as the number two city in the nation for investing in rental properties by All Property Management.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 16642 Vallely Dr | Single Family | 2,485 | B |
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| 16628 Vallely Dr | Single Family | 2,851 | B |
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| 16644 Vallely Dr | Single Family | 2,692 | B |
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| 16646 Vallely Dr | Single Family | 2,489 | B |
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| 16641 Vallely Dr | Single Family | 2,498 | B |
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| 16639 Vallely Dr | Single Family | 2,732 | B |
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| 16603 Plum Rose Ct | Single Family | 2,655 | B |
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| 16637 Vallely Dr | Single Family | 2,488 | B |
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| 16635 Vallely Dr | Single Family | 2,415 | B |
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| 16633 Vallely Dr | Single Family | 2,815 | B |
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| 16643 Vallely Dr | Single Family | 3,868 | B |
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| 16631 Vallely Dr | Single Family | 2,505 | B |
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| 16648 Vallely Dr | Single Family | 2,528 | B |
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| 16601 Plum Rose Ct | Single Family | 2,622 | B |
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| 16645 Vallely Dr | Single Family | 2,614 | B |
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| 16647 Vallely Dr | Single Family | 2,366 | B |
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| 16629 Vallely Dr | Single Family | 2,454 | B |
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| 16605 Plum Rose Ct | Single Family | 2,410 | B |
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| 16650 Vallely Dr | Single Family | 2,665 | B |
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| 16649 Vallely Dr | Single Family | 2,398 | B |
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| 2704 Windsum Wy | Single Family | 2,429 | B |
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| 16627 Vallely Dr | Single Family | 2,523 | B |
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Local Household Income
The median household income in this part of Florida is $70,427. The bottom 10% of the population earn less than $22,779 per year. The top 10% earn more than $184,529 per year. The top 1% earn more than $494,706 per year. Most renters earn between $31,992 (20th percentile) and $54,108 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $140,854 and $176,068.
The tax assessed value of this property places it in percentile 60 of all properties in this area. This suggests it would appeal to someone earning around $86,553 per year who should qualify for a mortgage between $173,106 and $216,383.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $922. Most renters earn between $2,666 and $4,509 per month. They typically spend 31% of their monthly income on rent. Most rents fall in the $720 (20th percentile) to $1,184 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 60 of all properties in this area. This corresponds to a rent of $991 per month and a monthly household income of $3,544 ($42,528 per year)
Nearby Companies
16635 Vallely Dr
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16627 Vallely Dr
16627 Vallely Dr
16603 Plum Rose Ct