505 Center St, Ocoee
Orange County Real Estate - Ocoee
Ocoee is in East Central Florida. It's population as recorded in the 2010 Census was 35,579. Ocoee is approximately 10 miles from Orlando (population 238,300) and around 21 miles from Kissimmee (population 59,682).
The median age for residents of Ocoee is 35.4. Around 45.2% of Ocoee households include school aged children and 18.2% of households include individuals aged 65 years or over. Census records indicate 66.7% of the Ocoee population are White, 17.5% are Black or African American, .3% American Indian, 5.5% Asian and 3.3% are Two or more Races. Ocoee has a significant Hispanic population. 20.7% (7,394) of Ocoee residents are of Hispanic or Latino origin. Of these 41.11% are of Mexican origin, 27.73% Puerto Rican, 4.96% Cuban and 26.18% are of other Hispanic or Latino origin.
There are 12,802 housing units in Ocoee. 1,010 (7.8%) of these were reported as vacant in the 2010 Census. There are 3,065 residential rental units in Ocoee. 2,816 of them were occupied in 2010 providing a residential rental vacancy rate of 7.8%.
Ocoee links:
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Orange County
Orange County is part of the East Central Florida region along with Brevard, Volusia, Sumter, Seminole, Lake, and Osceola Counties. With a population over 1.1 million, Orange is the fifth most populous county in Florida. Incorporated municipalities include Apopka, Bay Lake, Belle Isle, Edgewood, Lake Buena Vista, Maitland, Ocoee, Orlando, Winter Garden, Winter Park, Eatonville, Oakland, and Windermere.
Orlando is Orange County's largest city and is home to many of the country's most popular theme parks, making tourism the county's primary industry. Other main industries for Orange County are life sciences & health care resources; modeling, simulation & training resources; optics & photonics resources; and clean technology. Orange County's largest private sector employers are Walt Disney World, Adventist Health Systems, Universal Orlando, Orlando Health, and Busch Entertainment Corp. Top public sector employers are Orange County Public Schools, Greater Orlando Aviation Authority, Orange County Government, and The University of Central Florida.
For many in the United States and across the world, Orlando is synonymous with the Walt Disney World Resort. Indeed, Disney produced a study indicating that the resort and businesses associated with it were responsible for an $18 billion economic impact, 2.5% of the GDP of the state of Florida. The Greater Orlando area also hosts the Universal Orlando theme parks, each of which features a Harry Potter-themed section. In addition, numerous tourist attractions exist, mostly catering to a family audience, such as miniature golf courses, arcades, and amusement parks.
Greater Orlando has a business side, too. Orange County is also home to the University of Central Florida, which is the second largest public university in the country at approximately 60,000 students. UCF has a partnership with the Central Florida Research Park, the seventh-largest research park in the country, located next close to the university. Orlando is an important city for the military, including pilot training with its varied flight simulators and production facilities. Madden NFL Football, the most popular video game franchise in the country, is created in Orlando by Electronic Arts.
As its name implies, rural Orange County is a center of citrus production. Much of the land is given over to orange groves. Apopka hosts a Minute Maid juice flavoring plant.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 510 Orange Ave | Single Family | 1,171 | B |
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| 500e Silver Star Rd | Single Family | 1,850 | A |
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| 502 Center St | Single Family | 1,858 | A |
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| 506 Orange Ave | Single Family | 2,086 | B |
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| 510 Hill Ave | Single Family | 1,385 | B |
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| 504e Silver Star Rd | Single Family | 1,253 | B |
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| 504 Center St | Single Family | 1,442 | A |
|
| 460e Silver Star Rd | Vacant Residential | 0 | L | |
| 404 Center St | Single Family | 2,570 | A |
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| 506e Silver Star Rd | Single Family | 2,671 | B |
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| 601 Hill Ave | Single Family | 1,715 | A |
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| 508e Silver Star Rd | Vacant Residential | 0 | L | |
| 606 Orange Ave | Single Family | 1,909 | A |
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| 450e Silver Star Rd | Single Family | 2,656 | B |
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| 402 Center St | Single Family | 2,612 | A |
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| 600 Hill Ave | Single Family | 2,547 | A |
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| 600 Center St | Single Family | 1,343 | B |
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| 605 Hill Ave | Single Family | 1,916 | A |
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| 515 Orange Ave | Vacant Residential | 0 | L |
Local Household Income
The median household income in this part of Florida is $74,659. The bottom 10% of the population earn less than $24,097 per year. The top 10% earn more than $206,238 per year. The top 1% earn more than $568,784 per year. Most renters earn between $35,028 (20th percentile) and $60,552 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $149,318 and $186,648.
The tax assessed value of this property places it in percentile 34 of all properties in this area. This suggests it would appeal to someone earning around $52,730 per year who should qualify for a mortgage between $105,460 and $131,825.
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 $1,118. Most renters earn between $2,919 and $5,046 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $888 (20th percentile) to $1,531 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 34 of all properties in this area. This corresponds to a rent of $999 per month and a monthly household income of $3,220 ($38,640 per year)
Nearby Companies
604 Hill Ave
504 East Silver Star Rd
1500 Wurst Rd Ste # 6
1119 Sand Creek Loop
1119 Sand Creek Loop
1119 Sand Creek Loop
568 Silver Star Rd
Andrew Bell Inc
Barry S Yarckin
C/O Judy Lee
604 Center St