Tavares, Florida

Lake County Real Estate - Tavares

Tavares is a city in Lake County, Florida in East Central Florida. It's population as recorded in the 2010 Census was 13,951. Tavares is approximately 19 miles from The Villages (population 51,442) and around 15 miles from Apopka (population 41,542).

Part of the Orlando-Kissimmee-Sanford Metropolitan Statistical Area, the city is located south of Lake Eustis and East of Lake Harris. Tavares was named the seat of Lake County in 1887 and is now home to the Lake County Courthouse, Lake County Tax Collector & Property Appraiser, as well as other local-government-related facilities. Today the town is home to an emerging entertainment district, as well as being named "America's Seaplane City" because of the significance of seaplanes in the city's development.  In 2014 Tavares's median family income was about $36,000 a year.

The median age for residents of Tavares is 52.5. Around 19.5% of Tavares households include school aged children and 51.6% of households include individuals aged 65 years or over. Census records indicate 84.3% of the Tavares population are White, 10.1% are Black or African American, .3% American Indian, 1.6% Asian and 1.7% are Two or more Races.

There are 7,598 housing units in Tavares. 1,455 (19.1%) of these were reported as vacant in the 2010 Census. Tavares is a tourist destination, 53.2% (775) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,819 residential rental units in Tavares. 1,565 of them were occupied in 2010 providing a residential rental vacancy rate of 13.1%.

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Tavares is located in Lake County. It has a population of approximately 13,951 people. The population increased 2.1% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 2.1% for Lake County and a 1.7% increase for the country as a whole. Tavares occupies 9.5 of the 938.38 square miles in Lake County. It had a population density of 1468.2 persons per square mile in 2010. This compared to 316.6 for the county, 350.6 for Florida and 87.4 for the country.

5.2% ( 7,598) of the 145,303 housing units in Lake County are in Tavares (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Tavares has a 80.3% homeownership rate compared to Lake County's 77.7% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Lake County 297,052 $5,430 2.1% $47,509 145,303 $167,900
Tavares 13,951 $1362.1%$39,395 7,598$139,200

Tavares's medium household income in 2011 was $39,395. Lake County's medium household income was $47,509, which is lower than the medium income for Florida as a whole: $47,827. 14.2% of the population in Tavares lives below the poverty line, compared to 14.7% in Florida, 11.4% of the population in Lake County and 14.3% nationwide. Additional Information:

Tavares Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Tavares. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $136 million, Tavares's economic activity represents 2.51% of Lake County's $5,430MM in economic activity. Lake County represents 0.86% of the Florida economy.

Tavares Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $11 8.3%
Retail sales $116 85.4%
Accommodation and food services sales $9 6.3%
Total $136100%

Lake County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Clermont 28,742 $8192.3%$56,291 12,730$213,000
Eustis 18,558 $2721.8%$45,170 8,871$158,800
Groveland 8,729 $595.2%$53,178 3,369$184,900
Lady Lake 13,926 $3511.2%$35,625 8,865$131,400
Leesburg 20,117 $1,0582.1%$36,061 10,625$133,000
Mascotte 5,101 $101.6%$50,729 1,737$124,400
Mount Dora 12,370 $4953.9%$45,104 6,942$215,400
Tavares 13,951 $1362.1%$39,395 7,598$139,200

Lake County is located in East Central Florida. This region is responsible for 17.0% of Florida's economic activity. Lake County represents 5.1% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Brevard County 543,376 $16,070 0.7% $50,068 270,512 $171,200
Osceola County 268,685 $7,448 7.0% $46,479 129,830 $170,200
Orange County 1,145,956 $53,843 4.9% $49,731 492,209 $211,100
Seminole County 422,718 $12,124 1.9% $58,908 182,625 $225,500
Lake County 297,052 $5,430 2.1% $47,509 145,303 $167,900
Volusia County 494,593 $10,951 0.5% $44,169 254,981 $172,100
Sumter County 93,420 $1,120 8.8% $44,817 55,988 $186,800
Total 3,369,551 $106,985 3.7% $48,812 1,531,448 $186,400

Tavares Real Estate

There are 9,377 properties in Tavares. The following table shows a summary of them based on 2014 sales data.

Tavares Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 84 0.90 1 $130,000 $93June 1st, 2014June 1st, 2014
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 117 1.25 2 $114,000 $92August 1st, 2014August 1st, 2014
Health Care 2 0.02 0n/an/an/an/a
Hotel & Motel 6 0.06 2 $1,525,050 $115January 1st, 2014June 1st, 2014
Industrial 108 1.15 3 $150,000 $27February 1st, 2014April 1st, 2014
Miscellaneous Property 25 0.27 0n/an/an/an/a
Mobile/Manufactured 1,999 21.32 133 $56,000 $49January 1st, 2014September 1st, 2014
Multifamily 118 1.26 5 $86,000 $38January 1st, 2014August 1st, 2014
Office 177 1.89 6 $275,000 $94January 1st, 2014August 1st, 2014
Residential 6,535 69.69 345 $125,000 $79January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 137 1.46 3 $1,300,000 $202January 1st, 2014May 1st, 2014
Senior Housing 4 0.04 0n/an/an/an/a
Special Purpose 55 0.59 0n/an/an/an/a
Sports & Entertaining 10 0.11 0n/an/an/an/a

Agricultural Real Estate in Tavares, Florida

84( .90%) of the properties in Tavares are classified as Agricultural. 1 of them sold between June 1st, 2014 and June 1st, 2014. The total value of these sales was $130,000. The median sales price was $130,000. In 2014 the median sales price for Agricultural in Tavares was $93 per sq ft.

Commercial Real Estate in Tavares, Florida

0( .00%) of the properties in Tavares are classified as Commercial.

Government Real Estate in Tavares, Florida

117( 1.25%) of the properties in Tavares are classified as Government. 2 of them sold between August 1st, 2014 and August 1st, 2014. The total value of these sales was $228,000. The median sales price was $114,000. In 2014 the median sales price for Government Property in Tavares was $92 per sq ft.

Health Care Real Estate in Tavares, Florida

2( .02%) of the properties in Tavares are classified as Health Care.

Hotel & Motel Real Estate in Tavares, Florida

6( .06%) of the properties in Tavares are classified as Hotel & Motel. 2 of them sold between January 1st, 2014 and June 1st, 2014. The total value of these sales was $3,050,100. The median sales price was $1,525,050. In 2014 the median sales price for Hotel & Motel in Tavares was $115 per sq ft.

Industrial Real Estate in Tavares, Florida

108( 1.15%) of the properties in Tavares are classified as Industrial. 3 of them sold between February 1st, 2014 and April 1st, 2014. The total value of these sales was $672,500. The median sales price was $150,000. In 2014 the median sales price for Industrial in Tavares was $27 per sq ft.

Miscellaneous Real Estate in Tavares, Florida

25( .27%) of the properties in Tavares are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Tavares, Florida

1,999( 21.32%) of the properties in Tavares are classified as Mobile/Manufactured. 133 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $7,658,900. The median sales price was $56,000. In 2014 the median sales price for A Class Mobile/Manufactured in Tavares was $80 per sq ft, B Class properties sold for $49/ft and C Class $30/ft.

Multifamily Real Estate in Tavares, Florida

118( 1.26%) of the properties in Tavares are classified as Multifamily. 5 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $653,500. The median sales price was $86,000. In 2014 the median sales price for Multifamily in Tavares was $38 per sq ft.

Office Real Estate in Tavares, Florida

177( 1.89%) of the properties in Tavares are classified as Office. 6 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $4,040,000. The median sales price was $275,000. In 2014 the median sales price for Office in Tavares was $94 per sq ft.

Residential Real Estate in Tavares, Florida

6,535( 69.69%) of the properties in Tavares are classified as Residential. 345 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $92,254,800. The median sales price was $125,000. In 2014 the median sales price for A Class Residential in Tavares was $109 per sq ft, B Class properties sold for $79/ft and C Class $39/ft.

Residential Real Estate in Tavares, Florida

0( .00%) of the properties in Tavares are classified as Residential.

Retail Real Estate in Tavares, Florida

137( 1.46%) of the properties in Tavares are classified as Retail. 3 of them sold between January 1st, 2014 and May 1st, 2014. The total value of these sales was $3,467,200. The median sales price was $1,300,000. In 2014 the median sales price for Retail in Tavares was $202 per sq ft.

Senior Housing Real Estate in Tavares, Florida

4( .04%) of the properties in Tavares are classified as Senior Housing.

Special Purpose Real Estate in Tavares, Florida

55( .59%) of the properties in Tavares are classified as Special Purpose.

Sports & Entertaining Real Estate in Tavares, Florida

10( .11%) of the properties in Tavares are classified as Sports & Entertaining.

Tavares, Lake County Market Data

Tavares Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 77 90,512
Government Property 130 313,250
Health Care 2 13,675
Hotel & Motel 5 58,418
Industrial 109 1,498,127
Land 845 81,403
Miscellaneous Property 4 5,120
Mobile/Manufactured 1,844 2,065,865
Multifamily 111 566,559
Office 165 648,496
Residential 6,880 10,496,261
Retail 127 902,994
Senior Housing 7 297,437
Special Purpose 55 299,979
Sports & Entertaining 10 192,658

Tavares Median Property Values per Sq Ft

Tavares Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $229$14 $98$10 $50$6
Auto sales, auto repair and storage or auto service shop 2016 $352$21 $117$11 $49$7
Bowling alley, skating rink, pool hall or enclosed arena 2016 $352$37 $117$17 $49$7
Church 2016 $344$14 $150$10 $80$6
Club, lodge or union hall 2016 $344$14 $150$10 $80$6
Community Shopping Center 2016 $352$21 $117$11 $49$7
Condominium 2016 $208$16 $55$16 $30$16
Cooperative 2016 $132$16 $98$16 $62$16
County Owned 2016 $344$60 $150$16 $80$7
Department Store 2016 $138$21 $60$11 $41$7
Drive-in Restaurant 2016 $352$21 $117$11 $49$7
Federal Owned 2016 $344$60 $150$16 $80$7
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $352$21 $117$11 $49$7
Forest, park or recreational area 2016 $344$60 $150$16 $80$7
Golf course or driving range 2016 $352$37 $117$17 $49$7
Government Undefined 2016 $344$60 $150$16 $80$7
Grazing land soil capability Class III 2016 $130$22 $43$14 $21$9
Grazing land soil capability Class IV 2016 $344$22 $150$14 $80$9
Heavy industrial 2016 $130$7 $43$5 $21$4
Hospital 2016 $344$60 $150$16 $80$7
Hotel or motel 2016 $352$33 $117$33 $49$33
Light manufacturing 2016 $130$7 $43$5 $21$4
Lumber yard, sawmill or planing mill 2016 $130$7 $43$5 $21$4
Mixed use - store and office or store and residential or residential combination 2016 $138$21 $60$11 $41$7
Mobile Home 2016 $92$6 $64$6 $46$6
Mortuary, cemetery or crematorium 2016 $344$14 $150$10 $80$6
Multi-family - 10 units or more 2016 $92$10 $64$8 $46$7
Multi-family - less than 10 units 2016 $138$10 $60$8 $41$7
Municipal Owned 2016 $93$60 $37$16 $33$7
Nightclub, cocktail lounge or bar 2016 $352$37 $117$17 $49$7
Office building, non-professional service building, multi-story 2016 $229$19 $98$14 $50$10
Office building, non-professional service building, one story 2016 $229$19 $98$14 $50$10
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $130$7 $43$5 $21$4
Orchard Groves, Citrus, etc. 2016 $344$22 $150$14 $80$9
Ornamentals, miscellaneous agricultural 2016 $344$22 $150$14 $80$9
Orphanage, other non-profit or charitable services 2016 $344$14 $150$10 $80$6
Packing plant (fruit and vegetable or meat packing) 2016 $130$7 $43$5 $21$4
Poultry, bees, tropical fish, rabbits, etc. 2016 $344$22 $150$14 $80$9
Private school or college 2016 $344$14 $150$10 $80$6
Privately owned hospital 2016 $344$25 $150$17 $80$11
Professional service building 2016 $229$19 $98$14 $50$10
Public county school 2016 $344$60 $150$16 $80$7
Repair service shop (excluding automotive) 2016 $352$21 $117$11 $49$7
Restaurant, cafeteria 2016 $352$21 $117$11 $49$7
Retirement Home not eligible for exemption. 2016 $132$15 $98$10 $62$9
Single Family 2016 $134$16 $99$16 $69$16
State Owned 2016 $344$60 $150$16 $80$7
Store, one story 2016 $138$21 $60$11 $41$7
Timberland - site index 60 to 69 2016 $130$22 $43$14 $21$9
Timberland - site index 90 and above 2016 $130$22 $43$14 $21$9
Undefined - Reserved for Use by Department of Revenue 2016 $138$16 $60$16 $41$16
Utility 2016 $93$42 $37$15 $33$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $130$7 $43$5 $21$4