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%.
Tavares links:
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%.
| Region | Population 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 | $136 | 2.1% | $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.
| Activity | Value (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 | $136 | 100% |
Lake County Regional Comparisons
| City | Population 2010 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Clermont | 28,742 | $819 | 2.3% | $56,291 | 12,730 | $213,000 |
| Eustis | 18,558 | $272 | 1.8% | $45,170 | 8,871 | $158,800 |
| Groveland | 8,729 | $59 | 5.2% | $53,178 | 3,369 | $184,900 |
| Lady Lake | 13,926 | $351 | 1.2% | $35,625 | 8,865 | $131,400 |
| Leesburg | 20,117 | $1,058 | 2.1% | $36,061 | 10,625 | $133,000 |
| Mascotte | 5,101 | $10 | 1.6% | $50,729 | 1,737 | $124,400 |
| Mount Dora | 12,370 | $495 | 3.9% | $45,104 | 6,942 | $215,400 |
| Tavares | 13,951 | $136 | 2.1% | $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.
| Region | Population 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.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Agricultural | 84 | 0.90 | 1 | $130,000 | $93 | June 1st, 2014 | June 1st, 2014 |
| Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Government Property | 117 | 1.25 | 2 | $114,000 | $92 | August 1st, 2014 | August 1st, 2014 |
| Health Care | 2 | 0.02 | 0 | n/a | n/a | n/a | n/a |
| Hotel & Motel | 6 | 0.06 | 2 | $1,525,050 | $115 | January 1st, 2014 | June 1st, 2014 |
| Industrial | 108 | 1.15 | 3 | $150,000 | $27 | February 1st, 2014 | April 1st, 2014 |
| Miscellaneous Property | 25 | 0.27 | 0 | n/a | n/a | n/a | n/a |
| Mobile/Manufactured | 1,999 | 21.32 | 133 | $56,000 | $49 | January 1st, 2014 | September 1st, 2014 |
| Multifamily | 118 | 1.26 | 5 | $86,000 | $38 | January 1st, 2014 | August 1st, 2014 |
| Office | 177 | 1.89 | 6 | $275,000 | $94 | January 1st, 2014 | August 1st, 2014 |
| Residential | 6,535 | 69.69 | 345 | $125,000 | $79 | January 1st, 2014 | September 1st, 2014 |
| Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
| Retail | 137 | 1.46 | 3 | $1,300,000 | $202 | January 1st, 2014 | May 1st, 2014 |
| Senior Housing | 4 | 0.04 | 0 | n/a | n/a | n/a | n/a |
| Special Purpose | 55 | 0.59 | 0 | n/a | n/a | n/a | n/a |
| Sports & Entertaining | 10 | 0.11 | 0 | n/a | n/a | n/a | n/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
| Property Usage | Property Count | Total 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
| Property Class | Class A | Class B | Class C | ||||
|---|---|---|---|---|---|---|---|
| Usage | Year | Sale | Lease | Sale | Lease | Sale | Lease |
| 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 |
| Grazing land soil capability Class VI | 2014 | $235 | $21 | $97 | $12 | $73 | $9 |
| Heavy industrial | 2016 | $130 | $7 | $43 | $5 | $21 | $4 |
| Home for the aged | 2014 | $235 | $14 | $97 | $9 | $73 | $5 |
| 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 |
| Service station | 2014 | $297 | $19 | $97 | $10 | $43 | $6 |
| 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 |
| Wholesale outlet, produce house or manufacturing outlet | 2014 | $297 | $19 | $97 | $10 | $43 | $6 |