634 Arbor Lake Ln, Tampa
Hillsborough County Real Estate - Tampa
Tampa
Tampa is Florida's third most populous city, behind Jacksonville and Miami. It is located on the west coast of Florida near The Gulf of Mexico in Hillsborough County. Service, retail, finance, insurance, shipping by air and sea, professional sports, tourism, real estate, and national defense play vital roles in Tampa's economy. Tampa is home to numerous Fortune 1000 companies, including OSI Restaurant Partners, Wellcare Health Plans, TECO Energy, and Raymond James Financial. The University of South Florida is also located in Tampa. Top employers in Tampa are Publix Supermarkets, Baycare Health Care Systems, Wal-mart, Verizon Communications Inc, TECO Energy Inc, and Ties Publishing Co.
Tampa is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 335,709.
The median age for residents of Tampa is 34.6. Around 30% of Tampa households include school aged children and 21% of households include individuals aged 65 years or over. Census records indicate 62.9% of the Tampa population are White, 26.1% are Black or African American, .3% American Indian, 3.4% Asian and 3.2% are Two or more Races. Tampa has a significant Hispanic population. 23% (77,472) of Tampa residents are of Hispanic or Latino origin. Of these 12.36% are of Mexican origin, 31.05% Puerto Rican, 27.48% Cuban and 29.09% are of other Hispanic or Latino origin.
There are 157,130 housing units in Tampa. 21,175 (13.4%) of these were reported as vacant in the 2010 Census. There are 75,684 residential rental units in Tampa. 65,602 of them were occupied in 2010 providing a residential rental vacancy rate of 12.9%.
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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 | |
|---|---|---|---|---|
| 636 Arbor Lake Ln | Condominium | 1,357 | B |
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| 644 Arbor Lake Ln | Condominium | 1,246 | B |
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| 642 Arbor Lake Ln | Condominium | 1,009 | B |
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| 646 Arbor Lake Ln | Condominium | 1,357 | B |
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| 638 Arbor Lake Ln | Condominium | 1,246 | B |
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| 640 Arbor Lake Ln | Condominium | 1,009 | B |
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| 648 Arbor Lake Ln | Condominium | 1,649 | B |
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| 620 Arbor Lake Ln | Condominium | 1,357 | B |
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| 630 Arbor Lake Ln | Condominium | 1,357 | B |
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| 618 Arbor Lake Ln | Condominium | 1,649 | B |
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| 628 Arbor Lake Ln | Condominium | 1,246 | B |
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| 626 Arbor Lake Ln | Condominium | 1,009 | B |
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| 624 Arbor Lake Ln | Condominium | 1,009 | B |
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| 658 Arbor Lake Ln | Condominium | 1,009 | B |
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| 622 Arbor Lake Ln | Condominium | 1,246 | B |
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| 632 Arbor Lake Ln | Condominium | 1,649 | B |
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| 650 Arbor Lake Ln | Condominium | 1,649 | B |
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| 660 Arbor Lake Ln | Condominium | 1,246 | B |
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| 652 Arbor Lake Ln | Condominium | 1,357 | B |
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| 662 Arbor Lake Ln | Condominium | 1,357 | B |
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| 654 Arbor Lake Ln | Condominium | 1,246 | B |
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| 664 Arbor Lake Ln | Condominium | 1,649 | B |
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| 656 Arbor Lake Ln | Condominium | 1,009 | B |
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| 635 Arbor Lake Ln | Condominium | 1,357 | B |
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| 637 Arbor Lake Ln | Condominium | 1,246 | B |
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| 633 Arbor Lake Ln | Condominium | 1,649 | B |
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| 639 Arbor Lake Ln | Condominium | 1,009 | B |
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| 641 Arbor Lake Ln | Condominium | 1,009 | B |
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| 645 Arbor Lake Ln | Condominium | 1,357 | B |
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| 647 Arbor Lake Ln | Condominium | 1,649 | B |
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| 643 Arbor Lake Ln | Condominium | 1,246 | B |
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| 625 Arbor Lake Ln | Condominium | 1,009 | B |
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| 623 Arbor Lake Ln | Condominium | 1,009 | B |
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| 621 Arbor Lake Ln | Condominium | 1,246 | B |
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| 619 Arbor Lake Ln | Condominium | 1,357 | B |
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| 631 Arbor Lake Ln | Condominium | 1,649 | B |
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| 617 Arbor Lake Ln | Condominium | 1,649 | B |
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| 629 Arbor Lake Ln | Condominium | 1,357 | B |
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| 627 Arbor Lake Ln | Condominium | 1,246 | B |
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| 763 Coral Reef Dr | Condominium | 1,539 | B |
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| 753 Coral Reef Dr | Condominium | 1,539 | B |
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| 765 Coral Reef Dr | Condominium | 1,234 | B |
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| 710 Promenade Pl | Condominium | 1,259 | B |
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| 755 Coral Reef Dr | Condominium | 1,766 | B |
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| 712 Promenade Pl | Condominium | 1,796 | B |
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| 757 Coral Reef Dr | Condominium | 1,766 | B |
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| 702 Promenade Pl | Condominium | 1,082 | B |
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| 714 Promendade Pl | Condominium | 1,301 | B |
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| 759 Coral Reef Dr | Condominium | 1,474 | B |
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Local Household Income
The median household income in this part of Florida is $71,032. The bottom 10% of the population earn less than $16,716 per year. The top 10% earn more than $271,595 per year. The top 1% earn more than $665,517 per year. Most renters earn between $31,332 (20th percentile) and $70,200 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $142,064 and $177,580.
The tax assessed value of this property places it in percentile 67 of all properties in this area. This suggests it would appeal to someone earning around $108,003 per year who should qualify for a mortgage between $216,006 and $270,008.
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 $996. Most renters earn between $2,611 and $5,850 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $700 (20th percentile) to $1,520 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 67 of all properties in this area. This corresponds to a rent of $1,229 per month and a monthly household income of $4,836 ($58,032 per year)
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