617 Vassar St, Orlando
Orange County Real Estate - Orlando
Orlando
Orlando is the fifth most populated city in Florida and is located in Orange County. Orlando is often nicknamed "the theme park capital of the world," as it is home to Walt Disney World, Universal Studios, Seaworld, and numerous other theme parks. As a result, Orlando is also known as the tourist capital of the world, attracting 51 million tourists a year. Orlando is a popular destination for conventions: the Orange County convention center is the second largest in the world. The Orlando metropolitan area has a $13.4 billion technology industry and employs 53,000 people. Orlando is also home to the Darden Restaurants headquarters, the largest operator of restaurants in the world by revenue. The University of Central Florida also resides in Orlando and is the second largest university in the United States. Orlando's top employers are Walt Disney World, Orange County Public Schools, State of Florida Government, Adventist Health System, Florida Hospital, and Wal-Mart Stores.
Orlando is in East Central Florida. It's population as recorded in the 2010 Census was 238,300.
The median age for residents of Orlando is 32.8. Around 28.5% of Orlando households include school aged children and 16.7% of households include individuals aged 65 years or over. Census records indicate 57.5% of the Orlando population are White, 28% are Black or African American, .3% American Indian, 3.7% Asian and 3.4% are Two or more Races. Orlando has a significant Hispanic population. 25.3% (60,483) of Orlando residents are of Hispanic or Latino origin. Of these 7.04% are of Mexican origin, 51.58% Puerto Rican, 7.1% Cuban and 34.25% are of other Hispanic or Latino origin.
There are 121,254 housing units in Orlando. 18,733 (15.4%) of these were reported as vacant in the 2010 Census. There are 72,485 residential rental units in Orlando. 62,063 of them were occupied in 2010 providing a residential rental vacancy rate of 14%.
Orlando 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 | |
|---|---|---|---|---|
| 615 Vassar St | Single Family | 3,476 | B |
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| 609 Vassar St | Single Family | 1,434 | C |
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| 625 Vassar St | Single Family | 885 | C |
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| 618 Rugby St | Single Family | 1,025 | C |
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| 612 Rugby St | Single Family | 2,382 | C |
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| 605 Vassar St | Single Family | 1,738 | C |
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| 610 Rugby St | Single Family | 2,320 | A |
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| 626 Rugby St | Single Family | 1,908 | C |
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| 604 Rugby St | Single Family | 1,331 | C |
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| 601 Vassar St | Multi-family - less than 10 units | 1,560 | C |
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| 633 Vassar St | Single Family | 1,552 | C |
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| 618 Vassar St | Single Family | 1,894 | C |
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| 614 Vassar St | Single Family | 1,404 | C |
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| 622 Vassar St | Single Family | 2,238 | C |
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| 630 Rugby St | Single Family | 1,250 | C |
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| 606 Vassar St | Single Family | 1,375 | C |
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| 602 Rugby St | Single Family | 1,191 | C |
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| 634 Rugby St | Single Family | 1,593 | C |
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| 600 Vassar St | Single Family | 1,470 | B |
|
| 637 Vassar St | Single Family | 667 | C |
|
| 638 Rugby St | Single Family | 1,839 | A |
|
| 630 Vassar St | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 617w Smith St | Single Family | 1,383 | B |
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| 619 Rugby St | Single Family | 1,137 | C |
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| 615 Rugby St | Single Family | 1,607 | C |
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| 615w Smith St | Single Family | 1,701 | C |
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| 0w Smith St | Outdoor recreational or high-water recharge subject | 0 | L | |
| 621w Smith St | Single Family | 1,454 | C |
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| 621 Rugby St | Multi-family - less than 10 units | 1,985 | C |
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| 609 Rugby St | Single Family | 1,326 | B |
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| 611w Smith St | Single Family | 1,548 | C |
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| 534 Rugby St | Single Family | 1,166 | C |
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| 641 Vassar St | Vacant Commercial | 0 | L | |
| 625 Rugby St | Multi-family - less than 10 units | 1,985 | C |
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| 605 Rugby St | Single Family | 1,428 | C |
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| 605w Smith St | Single Family | 866 | C |
|
Local Household Income
The median household income in this part of Florida is $43,961. The bottom 10% of the population earn less than $12,655 per year. The top 10% earn more than $121,326 per year. The top 1% earn more than $417,904 per year. Most renters earn between $25,080 (20th percentile) and $45,336 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $87,922 and $109,903.
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 $194,659 per year who should qualify for a mortgage between $389,318 and $486,648.
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 $960. Most renters earn between $2,090 and $3,778 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $719 (20th percentile) to $1,273 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 96 of all properties in this area. This corresponds to a rent of $1,793 per month and a monthly household income of $5,045 ($60,540 per year)
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