5402 Merritt Island Dr, Apollo Beach
Hillsborough County Real Estate - Ruskin
Ruskin is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 17,208. Ruskin is approximately 16 miles from Tampa (population 335,709) and around 13 miles from Saint Petersburg (population 244,769).
The median age for residents of Ruskin is 31.6. Around 43.5% of Ruskin households include school aged children and 22.7% of households include individuals aged 65 years or over. Census records indicate 71.7% of the Ruskin population are White, 9.1% are Black or African American, .3% American Indian, 1.3% Asian and 2.1% are Two or more Races. Ruskin has a significant Hispanic population. 42.8% (7,377) of Ruskin residents are of Hispanic or Latino origin. Of these 71.88% are of Mexican origin, 12.74% Puerto Rican, 3.14% Cuban and 12.22% are of other Hispanic or Latino origin.
There are 6,888 housing units in Ruskin. 1,232 (17.8%) of these were reported as vacant in the 2010 Census. Ruskin is a tourist destination, 30.5% (376) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 2,021 residential rental units in Ruskin. 1,721 of them were occupied in 2010 providing a residential rental vacancy rate of 14.5%.
Ruskin 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 | |
|---|---|---|---|---|
| 5403 Merritt Island Dr | Single Family | 5,675 | A |
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| 5405 Merritt Island Dr | Single Family | 4,193 | A |
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| 5406 Merritt Island Dr | Single Family | 4,899 | A |
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| 5407 Merritt Island Dr | Single Family | 3,648 | A |
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| 5408 Merritt Island Dr | Single Family | 4,726 | A |
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| 5409 Merritt Island Dr | Single Family | 4,847 | A |
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| 5410 Merritt Island Dr | Single Family | 3,678 | A |
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| 5411 Merritt Island Dr | Single Family | 4,620 | A |
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| 5412 Merritt Island Dr | Single Family | 4,854 | A |
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Local Household Income
The median household income in this part of Florida is $72,152. The bottom 10% of the population earn less than $24,531 per year. The top 10% earn more than $165,574 per year. The top 1% earn more than $462,912 per year. Most renters earn between $31,116 (20th percentile) and $63,372 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $144,304 and $180,380.
The tax assessed value of this property places it in percentile 99 of all properties in this area. This suggests it would appeal to someone earning around $462,912 per year who should qualify for a mortgage between $925,824 and $1,157,280.
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 $1,158. Most renters earn between $2,593 and $5,281 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $728 (20th percentile) to $1,773 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 99 of all properties in this area. This corresponds to a rent of $3,596 per month and a monthly household income of $10,075 ($120,900 per year)
Nearby Companies
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5411 Merritt Island Dr