723 Citrus Wood Ln, Valrico
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 | |
|---|---|---|---|---|
| 725 Citrus Wood Ln | Single Family | 3,741 | B |
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| 721 Citrus Wood Ln | Single Family | 3,653 | B |
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| 703 Charter Wood Pl | Single Family | 3,898 | B |
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| 701 Charter Wood Pl | Single Family | 5,090 | B |
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| 724 Citrus Wood Ln | Single Family | 2,925 | B |
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| 722 Citrus Wood Ln | Single Family | 3,465 | B |
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| 705 Charter Wood Pl | Single Family | 3,433 | B |
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| 726 Citrus Wood Ln | Single Family | 2,987 | B |
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| 509 Royal Wood Ct | Single Family | 4,990 | B |
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| 720 Citrus Wood Ln | Single Family | 2,956 | B |
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| 801 Citrus Wood Ln | Single Family | 3,790 | B |
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| 717 Citrus Wood Ln | Single Family | 3,415 | B |
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| 707 Charter Wood Pl | Single Family | 4,972 | B |
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| 718 Citrus Wood Ln | Single Family | 2,996 | B |
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| 702 Charter Wood Pl | Single Family | 3,872 | B |
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| 507 Royal Wood Ct | Single Family | 3,334 | B |
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| 803 Citrus Wood Ln | Single Family | 3,970 | B |
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| 715 Citrus Wood Ln | Single Family | 3,367 | B |
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| 709 Charter Wood Pl | Single Family | 4,124 | B |
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| 716 Citrus Wood Ln | Single Family | 3,937 | B |
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| 706 Charter Wood Pl | Single Family | 3,657 | B |
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| 804 Citrus Wood Ln | Single Family | 3,382 | B |
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| 508 Royal Wood Ct | Single Family | 3,890 | B |
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| 708 Charter Wood Pl | Single Family | 3,719 | B |
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| 805 Citrus Wood Ln | Single Family | 3,492 | B |
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| 505 Royal Wood Ct | Single Family | 3,614 | B |
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| 713 Citrus Wood Ln | Single Family | 3,322 | B |
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| 714 Citrus Wood Ln | Single Family | 3,226 | B |
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| 711 Charter Wood Pl | Single Family | 3,623 | B |
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| 806 Citrus Wood Ln | Single Family | 3,291 | B |
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| 710 Charter Wood Pl | Single Family | 3,835 | B |
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Local Household Income
The median household income in this part of Florida is $59,143. The bottom 10% of the population earn less than $18,085 per year. The top 10% earn more than $139,373 per year. The top 1% earn more than $416,104 per year. Most renters earn between $25,644 (20th percentile) and $46,584 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $118,286 and $147,858.
The tax assessed value of this property places it in percentile 96 of all properties in this area. This suggests it would appeal to someone earning around $199,322 per year who should qualify for a mortgage between $398,644 and $498,305.
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 $877. Most renters earn between $2,137 and $3,882 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $662 (20th percentile) to $1,192 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 96 of all properties in this area. This corresponds to a rent of $1,635 per month and a monthly household income of $5,136 ($61,632 per year)
Nearby Companies
716 Citrus Wood Ln
721 Citrus Wood Ln
707 S Miller Rd
803 Citrus Wood Ln
803 Citrus Wood Ln