Cheval, FL Profile: Facts & Data

The primary coordinate point for Cheval is located at latitude 28.1486 and longitude -82.5145 in Hillsborough County. The formal boundaries for the Cheval Census Designated Place encompass a land area of 5.95 sq. miles and a water area of 0.84 sq. miles. Hillsborough County is in the Eastern time zone (GMT -5).

The Cheval Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Cheval Census Designated Place is located within Keystone-Citrus Park CCD of Hillsborough County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Cheval, FL Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	13,015 (100%)
Population in Households	13,015 (100.0%)
Population in Families	11,028 (84.7%)
Population in Group Quarters¹	0
Population Density	2,187
Diversity Index²	73


INCOME
Median Household Income	$88,361
Average Household Income	$135,790
% of Income for Mortgage⁴	37%
Per Capita Income	$53,043
Wealth Index⁵	128
Socioeconomic Status Index⁶	Moderate (62.1)

HOUSING
Total HU (Housing Units)	5,261 (100%)
Owner Occupied HU	2,796 (53.1%)
Renter Occupied HU	2,288 (43.5%)
Vacant Housing Units	177 ( 3.4%)
Median Home Value	$523,569
Average Home Value	$624,222
Housing Affordability Index³	66

HOUSEHOLDS
Total Households	5,084
Average Household Size	2.56
Family Households	3,425
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Cheval, FL - Peer Comparisons by Rank and Percentile

The table below compares Cheval to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.91%	0.36%
Households	0.50%	0.41%
Families		0.41%
Median Household Income		3.62%
Per Capita Income		3.05%
Owner Occupied HU		0.89%

Variable Description	Rank	Percentile
Total Population	# 301	69th
Population Density	# 382	60th
Median Household Income	# 259	73rd
Housing Affordability Index	# 273	29th
Per Capita Income	# 229	76th
Diversity Index	# 263	72nd

Cheval, FL Profile: Facts & Data

Cheval, Florida - Basic Facts

Cheval, FL Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Cheval, FL - Peer Comparisons by Rank and Percentile

Cheval, FL - Most Popular Things to Do

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