1624 Oakmont Ln, 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 | |
|---|---|---|---|---|
| 1628 Oakmont Ln | Single Family | 1,375 | B |
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| 1623 Dormont Ln | Single Family | 3,050 | C |
|
| 35n Ivanhoe Bl | Single Family | 3,102 | B |
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| 1630 Oakmont Ln | Single Family | 1,513 | B |
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| 1615 Dormont Ln | Single Family | 2,467 | B |
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| 1629 Dormont Ln | Single Family | 2,913 | C |
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| 101n Ivanhoe Bl | Single Family | 1,378 | B |
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| 1636 Oakmont Ln | Multi-family - less than 10 units | 2,064 | B |
|
| 1633 Dormont Ln | Single Family | 3,608 | C |
|
| 29ne Ivanhoe Bl | Single Family | 2,970 | B |
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| 1631 Oakmont Ln | Single Family | 1,280 | B |
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| 107ne Ivanhoe Bl | Single Family | 1,185 | B |
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| 25ne Ivanhoe Bl | Single Family | 2,246 | C |
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| 1635 Oakmont Ln | Single Family | 1,449 | B |
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| 1639 Dormont Ln | Single Family | 1,845 | B |
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| 1702 Oakmont Ln | Single Family | 1,396 | B |
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| 1622 Dormont Ln | Single Family | 3,514 | C |
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| 1616 Dormont Ln | Single Family | 2,233 | B |
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| 1639 Oakmont Ln | Single Family | 1,296 | B |
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| 1626 Dormont Ln | Single Family | 3,702 | C |
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| 111n Ivanhoe Bl | Single Family | 2,033 | B |
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| 1701 Dormont Ln | Single Family | 1,322 | B |
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| 1630 Dormont Ln | Single Family | 1,499 | B |
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| 1634 Dormont Ln | Single Family | 2,002 | B |
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| 1701 Oakmont Ln | Single Family | 1,172 | B |
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| 1706 Oakmont Ln | Single Family | 1,615 | B |
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| 15ne Ivanhoe Bl | Single Family | 3,328 | C |
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| 1705 Dormont Ln | Single Family | 2,076 | B |
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| 1640 Dormont Ln | Single Family | 1,174 | B |
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| 1686 North Shore Ter | Vacant Residential | 0 | L | |
| 1707 Oakmont Ln | Single Family | 972 | C |
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| 1692 North Shore Ter | Vacant Residential | 0 | L | |
| 1710 Oakmont Ln | Single Family | 1,897 | B |
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| 1711 Dormont Ln | Single Family | 1,080 | C |
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| 1621 Depauw Ave | Single Family | 2,124 | B |
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| 1702n Shore Te | Vacant Residential | 0 | L | |
| 1631 Depauw Ave | Single Family | 2,773 | C |
|
| 9ne Ivanhoe Bl | Single Family | 3,286 | C |
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| 1702 Dormont Ln | Single Family | 2,033 | B |
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| 1711 Oakmont Ln | Single Family | 1,600 | B |
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| 1698 North Shore Ter | Vacant Residential | 0 | L | |
| 1635 Depauw Ave | Single Family | 2,096 | B |
|
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 86 of all properties in this area. This suggests it would appeal to someone earning around $104,538 per year who should qualify for a mortgage between $209,076 and $261,345.
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 86 of all properties in this area. This corresponds to a rent of $1,411 per month and a monthly household income of $4,129 ($49,548 per year)
Nearby Companies
1634 Dormont Ln
1630 Dormont Ln
1626 Dormont Ln
1622 Dormont Ln
1622 Dormont Ln
1701 Dormont Ln
1629 Dormont Ln
1624 Oakmont Ln
1639 Oakmont Ln
1639 Oakmont Ln
1726 Dormont Ln
1716 Oakmont Ln
1716 Oakmont Ln