16673 Mellen Ln, Jupiter
Palm Beach County Real Estate - Jupiter
Jupiter is in South East Florida. It's population as recorded in the 2010 Census was 55,156.
The median age for residents of Jupiter is 44.7. Around 26% of Jupiter households include school aged children and 32.5% of households include individuals aged 65 years or over. Census records indicate 90.6% of the Jupiter population are White, 1.5% are Black or African American, .5% American Indian, 2% Asian and 1.7% are Two or more Races.
There are 29,825 housing units in Jupiter. 5,905 (19.7%) of these were reported as vacant in the 2010 Census. Jupiter is a tourist destination, 68.3% (4,035) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 6,702 residential rental units in Jupiter. 6,001 of them were occupied in 2010 providing a residential rental vacancy rate of 9.8%.
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Palm Beach County
Palm Beach County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Miami-Dade, Broward, and Monroe counties. Palm Beach County has 38 cities, towns and villages in total. West Palm Beach is the county's largest city and acts as the county seat. Palm Beach has a population over 1.3 million.
Palm Beach County has many wealthy towns such as Palm Beach, Boca Raton, and Jupiter, as well as a large equestrian population making it one of Florida's wealthiest counties. As a result, real estate prices are comparatively higher in Palm Beach County than most other counties in Florida.
Palm Beach County's major private sector employers are Tenet Healthcare Corporation, Hospital Corporation of America, Florida Power & Light, The Breakers, and Office Depot. Top public sector employers are Palm Beach County School Board, Palm Beach County, Florida Atlantic University, and Boca Raton Community Hospital. Palm Beach County considers agribusiness; aviation, aerospace, and engineering; equestrian; healthcare; green energy; and corporate headquarters to be among its main industries.
Boca Raton is in southern Palm Beach County and is known as the birthplace of the IBM personal computer. It still hosts a large research park focused on technological innovation. The city hosts the headquarters for Office Depot and GEO Group. Florida Atlantic University and Lynn University are both located in Boca Raton.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 16645 Mellen Ln | Single Family | 2,186 | B |
 |
| 16695 Mellen Ln | Single Family | 1,970 | B |
|
| 16670 126th Ter N | Single Family | 2,095 | B |
|
| 16696 126th Ter N | Single Family | 2,265 | B |
|
| 16737 Mellen Ln | Single Family | 1,749 | B |
|
| 16646 126th Ter N | Single Family | 1,818 | B |
|
| 16674 Mellen Ln | Single Family | 2,720 | B |
|
| 16694 Mellen Ln | Single Family | 2,740 | B |
|
| 12545 165th Rd N | Single Family | 2,391 | B |
|
| 16597 Mellen Ln | Single Family | 1,838 | B |
|
| 16735 126th Ter N | Single Family | 2,165 | B |
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| 12575 165th Rd N | Single Family | 1,602 | B |
|
| 16608 Mellen Ln | Single Family | 3,088 | B |
|
Local Household Income
The median household income in this part of Florida is $78,588. The bottom 10% of the population earn less than $23,201 per year. The top 10% earn more than $210,922 per year. The top 1% earn more than $612,589 per year. Most renters earn between $28,404 (20th percentile) and $65,052 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $157,176 and $196,470.
The tax assessed value of this property places it in percentile 63 of all properties in this area. This suggests it would appeal to someone earning around $100,754 per year who should qualify for a mortgage between $201,508 and $251,885.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,145. Most renters earn between $2,367 and $5,421 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $694 (20th percentile) to $1,677 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 63 of all properties in this area. This corresponds to a rent of $1,324 per month and a monthly household income of $4,397 ($52,764 per year)
Nearby Companies
16649 126th Terrace N
16673 Mellen Ln
16737 Mellen Ln