North Palm Beach, Florida
Palm Beach County Real Estate - North Palm Beach
North Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 12,015. North Palm Beach is approximately 68 miles from Hialeah (population 224,669) and around 48 miles from Fort Lauderdale (population 165,521).
The median age for residents of North Palm Beach is 51.8. Around 16.5% of North Palm Beach households include school aged children and 41.9% of households include individuals aged 65 years or over. Census records indicate 93.3% of the North Palm Beach population are White, 2.6% are Black or African American, 0% American Indian, 1.6% Asian and 1.3% are Two or more Races.
There are 7,710 housing units in North Palm Beach. 1,617 (20.9%) of these were reported as vacant in the 2010 Census. North Palm Beach is a tourist destination, 62.7% (1,014) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,826 residential rental units in North Palm Beach. 1,596 of them were occupied in 2010 providing a residential rental vacancy rate of 11.7%.
North Palm Beach links:
North Palm Beach is located in Palm Beach County. It has a population of approximately 12,015 people. The population increased 2.2% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 2.8% for Palm Beach County and a 1.7% increase for the country as a whole. North Palm Beach occupies 3.59 of the 1969.76 square miles in Palm Beach County. It had a population density of 3347.7 persons per square mile in 2010. This compared to 670.2 for the county, 350.6 for Florida and 87.4 for the country.
1.2% ( 7,710) of the 668,159 housing units in Palm Beach County are in North Palm Beach (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.) North Palm Beach has a 78.1% homeownership rate compared to Palm Beach County's 72.6% 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 |
Palm Beach County | 1,320,134 | $38,668 | 2.8% | $52,951 | 668,159 | $236,600 |
North Palm Beach | 12,015 | $113 | 2.2% | $62,587 | 7,710 | $268,800 |
North Palm Beach's medium household income in 2011 was $62,587. Palm Beach County's medium household income was $52,951, which is higher than the medium income for Florida as a whole: $47,827. 6.0% of the population in North Palm Beach lives below the poverty line, compared to 14.7% in Florida, 13.3% of the population in Palm Beach County and 14.3% nationwide. Additional Information:
North Palm Beach 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 North Palm Beach. 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 $113 million, North Palm Beach's economic activity represents 0.29% of Palm Beach County's $38,668MM in economic activity. Palm Beach County represents 6.13% of the Florida economy.
Activity | Value (Millions) | Percentage |
---|---|---|
Manufacturers shipments | $0 | 0.0% |
Merchant wholesaler sales | $23 | 20.1% |
Retail sales | $75 | 66.5% |
Accommodation and food services sales | $15 | 13.4% |
Total | $113 | 100% |
Palm Beach 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 |
---|---|---|---|---|---|---|
Belle Glade | 17,467 | $405 | 2.0% | $27,895 | 6,368 | $138,600 |
Boca Raton | 84,392 | $8,666 | 4.1% | $71,414 | 44,539 | $395,800 |
Boynton Beach | 68,217 | $1,895 | 2.8% | $45,156 | 36,289 | $172,700 |
Delray Beach | 60,522 | $2,418 | 2.9% | $49,823 | 34,156 | $234,700 |
Jupiter | 55,156 | $1,878 | 3.5% | $66,370 | 29,825 | $293,400 |
Lake Worth | 34,910 | $870 | 2.5% | $37,288 | 16,473 | $161,700 |
North Palm Beach | 12,015 | $113 | 2.2% | $62,587 | 7,710 | $268,800 |
Pahokee | 5,649 | $21 | 5.5% | $34,159 | 2,002 | $109,500 |
Palm Beach | 8,348 | $793 | 2.2% | $109,167 | 9,091 | $913,700 |
Palm Beach Gardens | 48,452 | $1,979 | 3.0% | $71,349 | 27,663 | $323,200 |
West Palm Beach | 99,919 | $4,897 | 2.0% | $45,806 | 54,179 | $220,900 |
Palm Beach County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Palm Beach County represents 16.3% 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 |
---|---|---|---|---|---|---|
Indian River County | 138,028 | $2,455 | 1.8% | $46,363 | 76,251 | $179,300 |
St. Lucie County | 277,789 | $5,576 | 2.2% | $44,947 | 137,581 | $157,600 |
Martin County | 146,318 | $4,347 | 1.7% | $53,612 | 78,356 | $238,200 |
Palm Beach County | 1,320,134 | $38,668 | 2.8% | $52,951 | 668,159 | $236,600 |
Broward County | 1,748,066 | $73,668 | 3.8% | $51,782 | 810,795 | $225,300 |
Miami-Dade County | 2,496,435 | $110,643 | 3.8% | $43,957 | 990,558 | $246,800 |
Monroe County | 73,090 | $2,136 | 2.4% | $53,889 | 52,552 | $463,100 |
Total | 6,410,776 | $237,494 | 2.6% | $49,643 | 2,814,252 | $249,557 |
North Palm Beach Real Estate
There are 11,565 properties in North Palm Beach. 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 |
---|---|---|---|---|---|---|---|
Commercial Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
Government Property | 27 | 0.23 | 0 | n/a | n/a | n/a | n/a |
Hotel & Motel | 6 | 0.05 | 0 | n/a | n/a | n/a | n/a |
Industrial | 74 | 0.64 | 0 | n/a | n/a | n/a | n/a |
Miscellaneous Property | 2 | 0.02 | 0 | n/a | n/a | n/a | n/a |
Mobile/Manufactured | 76 | 0.66 | 4 | $52,000 | $59 | February 1st, 2014 | July 1st, 2014 |
Multifamily | 276 | 2.39 | 18 | $164,600 | $112 | January 1st, 2014 | July 1st, 2014 |
Office | 221 | 1.91 | 2 | $1,085,550 | $57 | May 1st, 2014 | May 1st, 2014 |
Residential | 10,603 | 91.68 | 541 | $230,000 | $154 | January 1st, 2014 | September 1st, 2014 |
Residential Property | 0 | 0.00 | 0 | n/a | n/a | n/a | n/a |
Retail | 166 | 1.44 | 6 | $3,350,000 | $137 | January 1st, 2014 | August 1st, 2014 |
Senior Housing | 1 | 0.01 | 0 | n/a | n/a | n/a | n/a |
Special Purpose | 103 | 0.89 | 1 | $750,000 | $95 | February 1st, 2014 | February 1st, 2014 |
Sports & Entertaining | 10 | 0.09 | 0 | n/a | n/a | n/a | n/a |
Commercial Real Estate in North Palm Beach, Florida
0( .00%) of the properties in North Palm Beach are classified as Commercial.
Government Real Estate in North Palm Beach, Florida
27( .23%) of the properties in North Palm Beach are classified as Government.
Hotel & Motel Real Estate in North Palm Beach, Florida
6( .05%) of the properties in North Palm Beach are classified as Hotel & Motel.
Industrial Real Estate in North Palm Beach, Florida
74( .64%) of the properties in North Palm Beach are classified as Industrial.
Miscellaneous Real Estate in North Palm Beach, Florida
2( .02%) of the properties in North Palm Beach are classified as Miscellaneous.
Mobile/Manufactured Real Estate in North Palm Beach, Florida
76( .66%) of the properties in North Palm Beach are classified as Mobile/Manufactured. 4 of them sold between February 1st, 2014 and July 1st, 2014. The total value of these sales was $209,000. The median sales price was $52,000. In 2014 the median sales price for Mobile/Manufactured in North Palm Beach was $59 per sq ft.
Multifamily Real Estate in North Palm Beach, Florida
276( 2.39%) of the properties in North Palm Beach are classified as Multifamily. 18 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $5,823,000. The median sales price was $164,600. In 2014 the median sales price for A Class Multifamily in North Palm Beach was $134 per sq ft, B Class properties sold for $112/ft and C Class $56/ft.
Office Real Estate in North Palm Beach, Florida
221( 1.91%) of the properties in North Palm Beach are classified as Office. 2 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $2,171,100. The median sales price was $1,085,550. In 2014 the median sales price for Office in North Palm Beach was $57 per sq ft.
Residential Real Estate in North Palm Beach, Florida
10,603( 91.68%) of the properties in North Palm Beach are classified as Residential. 541 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $249,333,920. The median sales price was $230,000. In 2014 the median sales price for A Class Residential in North Palm Beach was $315 per sq ft, B Class properties sold for $154/ft and C Class $92/ft.
Residential Real Estate in North Palm Beach, Florida
0( .00%) of the properties in North Palm Beach are classified as Residential.
Retail Real Estate in North Palm Beach, Florida
166( 1.44%) of the properties in North Palm Beach are classified as Retail. 6 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $17,172,192. The median sales price was $3,350,000. In 2014 the median sales price for Retail in North Palm Beach was $137 per sq ft.
Senior Housing Real Estate in North Palm Beach, Florida
1( .01%) of the properties in North Palm Beach are classified as Senior Housing.
Special Purpose Real Estate in North Palm Beach, Florida
103( .89%) of the properties in North Palm Beach are classified as Special Purpose. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $750,000. The median sales price was $750,000. In 2014 the median sales price for Special Purpose in North Palm Beach was $95 per sq ft.
Sports & Entertaining Real Estate in North Palm Beach, Florida
10( .09%) of the properties in North Palm Beach are classified as Sports & Entertaining.
North Palm Beach, Palm Beach County Market Data
Property Usage | Property Count | Total Sq Ft |
---|---|---|
Government Property | 27 | 151,406 |
Hotel & Motel | 6 | 219,360 |
Industrial | 5 | 168,946 |
Land | 205 | 68,584 |
Miscellaneous Property | 2 | 742 |
Mobile/Manufactured | 75 | 71,331 |
Multifamily | 243 | 1,028,599 |
Office | 238 | 1,981,330 |
Residential | 10,781 | 19,871,236 |
Retail | 166 | 2,067,903 |
Senior Housing | 1 | 364,771 |
Special Purpose | 101 | 621,255 |
Sports & Entertaining | 11 | 163,944 |
North Palm Beach 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 | $520 | $24 | $211 | $12 | $102 | $7 |
Auto sales, auto repair and storage or auto service shop | 2016 | $600 | $50 | $242 | $27 | $102 | $20 |
Church | 2016 | $600 | $24 | $242 | $12 | $102 | $7 |
Club, lodge or union hall | 2015 | $284 | $23 | $156 | $12 | $91 | $6 |
Community Shopping Center | 2016 | $600 | $50 | $242 | $27 | $102 | $20 |
Condominium | 2016 | $292 | $16 | $177 | $16 | $130 | $16 |
Cooperative | 2016 | $204 | $16 | $124 | $16 | $76 | $16 |
County Owned | 2016 | $305 | $30 | $148 | $15 | $41 | $7 |
Department Store | 2016 | $600 | $50 | $242 | $27 | $102 | $20 |
Drive-in Restaurant | 2016 | $520 | $50 | $211 | $27 | $102 | $20 |
Financial institution (bank, saving and loan company, mortgage company, credit services) | 2016 | $520 | $50 | $211 | $27 | $102 | $20 |
Forest, park or recreational area | 2016 | $305 | $30 | $148 | $15 | $41 | $7 |
Golf course or driving range | 2016 | $600 | $37 | $242 | $17 | $102 | $7 |
Government Undefined | 2016 | $305 | $30 | $148 | $15 | $41 | $7 |
Hotel or motel | 2016 | $600 | $33 | $242 | $33 | $102 | $33 |
Insurance company office | 2016 | $520 | $34 | $211 | $24 | $102 | $18 |
Mixed use - store and office or store and residential or residential combination | 2016 | $600 | $50 | $242 | $27 | $102 | $20 |
Mobile Home | 2016 | $82 | $6 | $48 | $6 | $35 | $6 |
Mortuary, cemetery or crematorium | 2016 | $305 | $24 | $148 | $12 | $41 | $7 |
Multi-family - 10 units or more | 2016 | $200 | $27 | $101 | $21 | $64 | $18 |
Multi-family - less than 10 units | 2016 | $200 | $27 | $101 | $21 | $64 | $18 |
Municipal Owned | 2016 | $305 | $30 | $148 | $15 | $41 | $7 |
Nightclub, cocktail lounge or bar | 2016 | $600 | $37 | $242 | $17 | $102 | $7 |
Office building, non-professional service building, multi-story | 2016 | $520 | $34 | $211 | $24 | $102 | $18 |
Office building, non-professional service building, one story | 2016 | $520 | $34 | $211 | $24 | $102 | $18 |
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) | 2016 | $600 | $17 | $242 | $10 | $102 | $5 |
Private school or college | 2016 | $305 | $24 | $148 | $12 | $41 | $7 |
Professional service building | 2016 | $520 | $34 | $211 | $24 | $102 | $18 |
Public county school | 2016 | $305 | $30 | $148 | $15 | $41 | $7 |
Repair service shop (excluding automotive) | 2016 | $520 | $50 | $211 | $27 | $102 | $20 |
Restaurant, cafeteria | 2016 | $520 | $50 | $211 | $27 | $102 | $20 |
Retirement Home not eligible for exemption. | 2016 | $204 | $15 | $124 | $10 | $76 | $9 |
Service station | 2016 | $520 | $50 | $211 | $27 | $102 | $20 |
Single Family | 2016 | $341 | $16 | $186 | $16 | $147 | $16 |
State Owned | 2016 | $305 | $30 | $148 | $15 | $41 | $7 |
Store, one story | 2016 | $600 | $50 | $242 | $27 | $102 | $20 |
Supermarket | 2016 | $600 | $50 | $242 | $27 | $102 | $20 |
Undefined - Reserved for Use by Department of Revenue | 2016 | $200 | $16 | $101 | $16 | $64 | $16 |
Utility | 2016 | $305 | $42 | $148 | $15 | $41 | $6 |
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2016 | $600 | $17 | $242 | $10 | $102 | $5 |
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