Quick facts: Gotha, FL

Quick Facts

107.5
Cost of Living
above US average
1,640
Population
9.15
Crime Rate per 1000
below US average
$174,750
Median Income
above US average
$750,000
Median House Price
above US average
$4449.5
Average Rent
above US average
4%
Poverty Rate
below US average
4.5%
Unemployment Rate
above 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 $174,750.

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Income Needed to Buy

βœ— Stretch
$235k/year
Based on $750,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $235k vs median $174,750
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Income Needed to Rent

⚠ Stretch
$191k/year
Based on $4449.5/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $191k vs median $174,750
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Gotha, FL

Gotha, Florida, is a quaint, small community situated in Orange County, just southwest of Orlando. Nestled near the shores of the scenic Lake Apopka, Gotha offers residents a picturesque suburban lifestyle characterized by its close-knit atmosphere and natural beauty. The area is primarily residential, featuring charming homes and lush landscapes, making it an ideal place for families and retirees seeking a peaceful environment away from the bustling city. Gotha is conveniently located near major roads, providing easy access to the attractions of Orlando, including theme parks, shopping centers, and dining options. The nearby Winter Garden Village offers additional shopping and entertainment. The community is known for its outdoor recreational opportunities, with parks and access to lakes for fishing, boating, and hiking. Despite its small size, Gotha fosters a strong sense of community, with events and gatherings that bring neighbors together. Schools in the area are part of the Orange County Public Schools system, offering educational options for families. Overall, Gotha is a charming slice of Florida that combines rural serenity with urban convenience.

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