Quick facts: Tavares, FL

Quick Facts

105.0
Cost of Living
above US average
20,372
Population
5.15
Crime Rate per 1000
below US average
$54,271
Median Income
below US average
$330,000
Median House Price
above US average
$2114.57
Average Rent
above US average
10%
Poverty Rate
below US average
4.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $54,271.

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Income Needed to Buy

βœ— Stretch
$104k/year
Based on $330,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $104k vs median $54,271
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Income Needed to Rent

⚠ Stretch
$91k/year
Based on $2114.57/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $91k vs median $54,271
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Tavares, FL

Tavares is a charming city located in Lake County, Florida, known as the "Seaplane City" due to its connection with seaplane activities and the beautiful waters of the Harris Chain of Lakes. It boasts a picturesque downtown area lined with historic architecture, unique shops, and a variety of dining options that contribute to its small-town charm. The city offers numerous recreational opportunities, including fishing, boating, and parks, making it an ideal spot for nature lovers. The local waterfront is a great place for leisurely strolls and enjoying views of the lakes. Tavares also hosts several annual events and festivals, bringing the community together and drawing visitors from surrounding areas. With a growing population and strong community spirit, Tavares combines a relaxed lifestyle with the amenities of a larger city. Its proximity to Orlando enhances its appeal, offering easy access to major attractions while maintaining a tranquil atmosphere. Whether you're looking for outdoor adventures or a peaceful retreat, Tavares has something for everyone.

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