1155 Nw 160th St, Okeechobee
Okeechobee County Real Estate - Okeechobee
Okeechobee is in South Central Florida. It's population as recorded in the 2010 Census was 5,621. Okeechobee is approximately 29 miles from Port Saint Lucie (population 164,603) and around 50 miles from Jupiter (population 55,156).
The median age for residents of Okeechobee is 35.5. Around 36.2% of Okeechobee households include school aged children and 30.6% of households include individuals aged 65 years or over. Census records indicate 75.4% of the Okeechobee population are White, 9% are Black or African American, 1.4% American Indian, .8% Asian and 2.2% are Two or more Races. Okeechobee has a significant Hispanic population. 25.2% (1,418) of Okeechobee residents are of Hispanic or Latino origin. Of these 82.79% are of Mexican origin, 7.54% Puerto Rican, 3.87% Cuban and 5.78% are of other Hispanic or Latino origin.
There are 2,251 housing units in Okeechobee. 298 (13.2%) of these were reported as vacant in the 2010 Census. Okeechobee is a tourist destination, 25.5% (76) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 842 residential rental units in Okeechobee. 755 of them were occupied in 2010 providing a residential rental vacancy rate of 9.7%.
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Okeechobee County
Okeechobee County is located in South Central Florida, along with Desoto, Hendry, Glades, Highlands, and Hardee counties. Okeechobee County's only city is Okeechobee and this is also the county seat. The second largest freshwater lake in the U.S., Lake Okeechobee, is partially located within Okeechobee County. The U.S. Census Bureau identifies the county as the Okeechobee Micropolitan Statistical Area. The county population is over 39,000.
The leading industries in Okeechobee, Florida are educational, health and social services; retail trade; and arts, entertainment, recreation, accommodation and food services. Major private sector employers include Columbia Raulerson Hospital, Walpole Inc., Larson Dairy Inc., McArthur Farms Inc., and Okeechobee Healthcare. The top public sector employers are Okeechobee School District, Okeechobee Sheriff's Office, and Okeechobee County.
Primarily rural and agricultural, Okeechobee County has the most cattle and calves of any county in Florida. The 1930s Okeechobee Livestock Market is the largest market of its kind in the state by volume, with around 150,000 transactions annually. In addition to raising calves, dairy production is also an important segment of the cattle industry, contributing over $100 million annually. Okeechobee is also a citrus producing county, with an annual production of over 1.5 million boxes, the majority of which are oranges.
The county seat of Okeechobee is home to over 5,000. Just northwest of the city is Okeechobee County Airport, a general aviation facility with a 5,000-foot runway that contributes around $10 million to the local economy. The city?s location near Lake Okeechobee allows for easy access to fishing and the trail that runs its circumference. Okeechobee is known as the "Speckled Perch Capital of World" and hosts the annual Speckled Perch Festival.
Neighboring Properties
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Local Household Income
The median household income in this part of Florida is $56,422. The bottom 10% of the population earn less than $18,447 per year. The top 10% earn more than $165,349 per year. The top 1% earn more than $623,975 per year. Most renters earn between $24,468 (20th percentile) and $43,200 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $112,844 and $141,055.
The tax assessed value of this property places it in percentile 22 of all properties in this area. This suggests it would appeal to someone earning around $28,743 per year who should qualify for a mortgage between $57,486 and $71,858.
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 $848. Most renters earn between $2,039 and $3,600 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $625 (20th percentile) to $1,191 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 22 of all properties in this area. This corresponds to a rent of $646 per month and a monthly household income of $2,075 ($24,900 per year)