1414 Lorea Ln, Brandon
Hillsborough County Real Estate - Valrico
Valrico is in the Tampa Bay region of Florida. It's population as recorded in the 2010 Census was 35,545. Valrico is approximately 13 miles from Tampa (population 335,709) and around 27 miles from Saint Petersburg (population 244,769).
The median age for residents of Valrico is 40.2. Around 39.4% of Valrico households include school aged children and 25.1% of households include individuals aged 65 years or over. Census records indicate 81.4% of the Valrico population are White, 8.7% are Black or African American, .2% American Indian, 3.9% Asian and 2.8% are Two or more Races.
There are 13,668 housing units in Valrico. 1,001 (7.3%) of these were reported as vacant in the 2010 Census. There are 2,126 residential rental units in Valrico. 1,943 of them were occupied in 2010 providing a residential rental vacancy rate of 8.3%.
Valrico 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 | |
|---|---|---|---|---|
| 1412 Lorea Ln | Single Family | 2,482 | B |
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| 2501 Brucken Rd | Single Family | 2,509 | B |
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| 1413 Lorea Ln | Single Family | 2,425 | B |
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| 1415 Lorea Ln | Single Family | 2,544 | B |
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| 2109 Lithia Pinecrest Rd | Single Family | 2,313 | B |
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| 1410 Lorea Ln | Single Family | 2,432 | B |
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| 2503 Brucken Rd | Single Family | 2,476 | B |
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| 2201 Lithia Pinecrest Rd | Single Family | 1,137 | B |
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| 2108 Lithia Pinecrest Rd | Single Family | 2,142 | B |
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| 2502 Brucken Rd | Single Family | 2,736 | B |
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| 2105 Lithia Pinecrest Rd | Single Family | 5,145 | B |
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| 2208 Lithia Pinecrest Rd | Single Family | 2,822 | B |
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| 1931 Meadow River Dr | Vacant Residential | 689 | L |
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| 2203 High Point Dr | Single Family | 2,845 | B |
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| 2207 Lithia Pinecrest Rd | Church | 7,209 | B |
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| 2505 Brucken Rd | Single Family | 2,908 | B |
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| 2504 Brucken Rd | Single Family | 4,015 | B |
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| 1930 Meadowridge Dr | Single Family | 2,889 | B |
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| 2106 Lithia Pinecrest Rd | Church | 2,099 | B |
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| 2205 High Point Dr | Single Family | 2,684 | 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 78 of all properties in this area. This suggests it would appeal to someone earning around $106,516 per year who should qualify for a mortgage between $213,032 and $266,290.
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 78 of all properties in this area. This corresponds to a rent of $1,303 per month and a monthly household income of $4,683 ($56,196 per year)
Nearby Companies
2223 Lithia Pinecrest Rd
2214 Lithia Pinecrest Rd
2213 Lithia Pinecrest Rd
2213 Lithia Pinecrest Rd
2207 Lithia-Pinecrest Rd
1820 Chickasaw Trl
1820 Chickasaw Trl
2106 Lithia Pinecrest Rd
2109 Lithia Pinecrest Rd
1905 Meadowridge Dr
1905 Meadowridge Dr
1905 Meadowridge Dr
2504 Brucken Rd