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Julia Vakulenko - Broker -

Oldsmar Real Estate Florida

Oldsmar's history dates to 1913 when automobile pioneer Ransom E. Olds purchased 37,541 acres (152 km²) of land by the northern part of Tampa Bay to establish R. E. Olds-on-the-Bay.

The name was later changed to Oldsmar, then to Tampa Shores in 1927, and finally back to Oldsmar in 1937.

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Forecast for Oldsmar, FL

1. In Style

Households that are In Style live in affluent neighborhoods of metropolitan areas.

More suburban than urban, these households nevertheless embrace an urbane lifestyle, favoring townhomes over the traditional single-family houses.

Professional couples predominate, with high labor force participation, and fewer children. Median age is about 38 years.

2. Exurbanites

Open areas with affluence define exurban and the resident households. Median home value is currently about $235,000, with a median household income over $80,000.

Homeowners are older, primarily empty nesters, professionally employed-with many who work from home.

3. Rustbelt Retirees

As the name implies, most of these households reside in the Northeast or Midwest, especially in Pennsylvania and areas around the Great Lakes.

Although many householders are still working, labor force participation is below average. Over 40 percent of the households draw retirement income.

The neighborhoods are typical of the older, industrial cities-owner-occupied, single-family homes in the city with a current market value of $111,000.

Unlike many retirees, those in the Rustbelt are not inclined to move.

Source: ESRI Business Information Solutions