12505 Riverglen Dr, Riverview
Hillsborough County Real Estate - Riverview
Riverview is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 71,050.
The median age for residents of Riverview is 34.1. Around 45.1% of Riverview households include school aged children and 16.8% of households include individuals aged 65 years or over. Census records indicate 70.2% of the Riverview population are White, 16.9% are Black or African American, .4% American Indian, 3.1% Asian and 4% are Two or more Races. Riverview has a significant Hispanic population. 21% (14,946) of Riverview residents are of Hispanic or Latino origin. Of these 19.42% are of Mexican origin, 40.09% Puerto Rican, 9.7% Cuban and 30.77% are of other Hispanic or Latino origin.
There are 27,513 housing units in Riverview. 3,025 (10.9%) of these were reported as vacant in the 2010 Census. There are 6,149 residential rental units in Riverview. 5,323 of them were occupied in 2010 providing a residential rental vacancy rate of 13%.
Riverview 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 | |
|---|---|---|---|---|
| 12503 Riverglen Dr | Single Family | 2,763 | B |
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| 12506 Riverglen Dr | Single Family | 3,202 | B |
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| 12504 Riverglen Dr | Single Family | 2,660 | B |
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| 12507 Riverglen Dr | Single Family | 2,637 | B |
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| 12501 Riverglen Dr | Single Family | 2,651 | B |
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| 12502 Riverglen Dr | Single Family | 3,115 | B |
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| 12512 Riverglen Dr | Single Family | 3,242 | B |
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| 12509 Riverglen Dr | Single Family | 3,427 | B |
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| 12514 Riverglen Dr | Single Family | 3,171 | B |
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| 12511 Riverglen Dr | Single Family | 3,386 | B |
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| 9513 Carr Rd | Single Family | 1,738 | B |
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| 9503 Carr Rd | Single Family | 2,300 | B |
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Local Household Income
The median household income in this part of Florida is $62,971. The bottom 10% of the population earn less than $20,087 per year. The top 10% earn more than $143,996 per year. The top 1% earn more than $388,913 per year. Most renters earn between $34,980 (20th percentile) and $57,372 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $125,942 and $157,428.
The tax assessed value of this property places it in percentile 95 of all properties in this area. This suggests it would appeal to someone earning around $180,892 per year who should qualify for a mortgage between $361,784 and $452,230.
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 $1,031. Most renters earn between $2,915 and $4,781 per month. They typically spend 30% of their monthly income on rent. Most rents fall in the $820 (20th percentile) to $1,325 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 95 of all properties in this area. This corresponds to a rent of $1,791 per month and a monthly household income of $6,263 ($75,156 per year)
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