283 Loeb Ave, Key Largo
Monroe County Real Estate - Key Largo
Key Largo is in South East Florida. It's population as recorded in the 2010 Census was 10,433. Key Largo is approximately 50 miles from Miami (population 399,457) and around 54 miles from Hialeah (population 224,669).
The median age for residents of Key Largo is 47.8. Around 21.9% of Key Largo households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 93% of the Key Largo population are White, 2.3% are Black or African American, .5% American Indian, .7% Asian and 1.8% are Two or more Races. Key Largo has a significant Hispanic population. 23.6% (2,471) of Key Largo residents are of Hispanic or Latino origin. Of these 21.2% are of Mexican origin, 4.97% Puerto Rican, 55.84% Cuban and 17.96% are of other Hispanic or Latino origin.
There are 8,459 housing units in Key Largo. 3,753 (44.3%) of these were reported as vacant in the 2010 Census. Key Largo is a tourist destination, 78.2% (2,938) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,922 residential rental units in Key Largo. 1,607 of them were occupied in 2010 providing a residential rental vacancy rate of 14.7%.
Key Largo links:
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Monroe County
Monroe County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Broward. Key West is the county seat. Other incorporated municipalities are Marathon, Key Colony Beach, Layton, and Islamorada. The county's population is over 70,000.
Monroe County is the southernmost county in Florida and the continental United States. 99% of the population of Monroe County lives in the Florida Keys, which are wholly contained within Monroe County. Mainland Monroe County is covered by wetlands. Portions of Everglades National Park and Big Cypress National Preserve form the entirety of the section of Monroe County that lies on the peninsula. 22% of the properties in Monroe County are government owned.
The largest industry in Monroe County is tourism. In 2010, The Keys alone had 3.8 million visitors. Major private sector employers are Kmart, HMA, Baptist Mariner's Hospital, HTA, and Hawks Cay Resort. Public employers are US Armed Forces, Monroe County Schools, Monroe County Government, and Florida Keys Community College.
Visitors go to the Keys for the year-round warm weather, sandy beaches, and stunning vistas of both the Atlantic Ocean and Gulf of Mexico. The islands of the Keys offer a variety of maritime recreation opportunities, including boating, fishing, and windsurfing. The Keys are sometimes referred to as the Conch Republic after the islands seceded from the United States in 1982 and immediately surrendered to protest a blockade at the mainlands to search for drugs.
Once the largest city in Florida, Key West is still the southernmost in the lower 48. The cultural and economic heart of Monroe County is at the southern terminus of US 1. The southern islands have long been a naval base, dating back to its establishment in 1823 to combat piracy. Today, Naval Air Station Key West is used as a forward base to combat the narcotics trade in the Caribbean and as a flight training center.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 273 Loeb Ave | Mobile Home | 720 | B |
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| 293 Loeb Ave | Mobile Home | 1,032 | B |
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| 286 Lee Ave | Single Family | 1,450 | B |
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| 296 Lee Ave | Mobile Home | 1,122 | B |
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| 276 Lee Ave | Mobile Home | 1,242 | B |
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| 284 Loeb Ave | Mobile Home | 672 | C |
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| 274 Loeb Ave | Mobile Home | 1,152 | B |
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| 294 Loeb Ave | Mobile Home | 1,657 | B |
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| 263 Loeb Ave | Mobile Home | 1,380 | B |
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| 266 Lee Ave | Mobile Home | 774 | C |
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| 264 Loeb Ave | Mobile Home | 552 | C |
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| 303 Loeb Ave | Mobile Home | 720 | B |
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| 281 Ryan Ave | Mobile Home | 716 | B |
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| 271 Ryan Ave | Mobile Home | 1,144 | B |
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| 291 Ryan Ave | Mobile Home | 702 | C |
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| 305 Lee Ave | Mobile Home | 917 | B |
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| 295 Lee Ave | Mobile Home | 528 | B |
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| 305 Loeb Ave | Mobile Home | 624 | B |
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| 253 Loeb Ave | Mobile Home | 919 | B |
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| 315 Lee Ave | Mobile Home | 576 | B |
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| 256 Lee Ave | Mobile Home | 798 | B |
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| 285 Lee Ave | Mobile Home | 720 | B |
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| 261 Ryan Ave | Mobile Home | 720 | B |
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| 254 Loeb Ave | Single Family | 1,466 | B |
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| 314 Loeb Ave | Single Family | 1,768 | B |
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| 301 Ryan Ave | Mobile Home | 1,158 | B |
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| 275 Lee Ave | Mobile Home | 1,772 | B |
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| 315 Loeb Ave | Mobile Home | 579 | B |
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| 243 Loeb Ave | Mobile Home | 1,144 | B |
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| 251 Ryan Ave | Mobile Home | 936 | B |
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| 265 Lee Ave | Mobile Home | 1,014 | B |
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| 304 King Ave | Mobile Home | 672 | B |
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| 288 King Ave | Mobile Home | 1,056 | C |
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| 311 Ryan Ave | Mobile Home | 1,344 | B |
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| 246 Lee Ave | Mobile Home | 1,680 | B |
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| 323 Loeb Ave | Mobile Home | 1,344 | B |
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| 298 King Ave | Mobile Home | 784 | B |
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| 278 King Ave | Mobile Home | 1,680 | B |
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| 282 Ryan Ave | Mobile Home | 1,687 | B |
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| 244 Loeb Ave | Mobile Home | 1,440 | B |
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| 272 Ryan Ave | Mobile Home | 1,056 | B |
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| 292 Ryan Ave | Mobile Home | 1,568 | B |
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| 325 Loeb Ave | Mobile Home | 1,076 | B |
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| 268 King Ave | Mobile Home | 1,344 | B |
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| 262 Ryan Ave | Mobile Home | 500 | C |
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| 302 Ryan Ave | Mobile Home | 732 | B |
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| 314 King Ave | Mobile Home | 552 | B |
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| 255 Lee Ave | Mobile Home | 720 | B |
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| 241 Ryan Ave | Mobile Home | 888 | C |
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Local Household Income
The median household income in this part of Florida is $59,750. The bottom 10% of the population earn less than $15,113 per year. The top 10% earn more than $164,280 per year. The top 1% earn more than $542,576 per year. Most renters earn between $26,844 (20th percentile) and $59,088 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $119,500 and $149,375.
The tax assessed value of this property places it in percentile 16 of all properties in this area. This suggests it would appeal to someone earning around $21,530 per year who should qualify for a mortgage between $43,060 and $53,825.
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 $1,192. Most renters earn between $2,237 and $4,924 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $756 (20th percentile) to $1,775 (80th percentile) range. The residential vacancy rate is 10%.
This property falls in percentile 16 of all properties in this area. This corresponds to a rent of $689 per month and a monthly household income of $1,995 ($23,940 per year)
Nearby Companies
254 Loeb Ave
278 King Ave
275 Lee Ave
334 King Ave
314 King Ave
314 King Ave
325 Loeb Ave