5777 Rae Ave, West Palm Beach
Palm Beach County Real Estate - Palm Beach Gardens
Palm Beach Gardens is in South East Florida. It's population as recorded in the 2010 Census was 48,452. Palm Beach Gardens is approximately 67 miles from Hialeah (population 224,669) and around 48 miles from Fort Lauderdale (population 165,521).
The median age for residents of Palm Beach Gardens is 48.3. Around 20.8% of Palm Beach Gardens households include school aged children and 37.2% of households include individuals aged 65 years or over. Census records indicate 89.2% of the Palm Beach Gardens population are White, 4.4% are Black or African American, .1% American Indian, 3.1% Asian and 1.6% are Two or more Races.
There are 27,663 housing units in Palm Beach Gardens. 4,859 (17.5%) of these were reported as vacant in the 2010 Census. Palm Beach Gardens is a tourist destination, 56.1% (2,726) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 7,196 residential rental units in Palm Beach Gardens. 6,327 of them were occupied in 2010 providing a residential rental vacancy rate of 11.1%.
Palm Beach Gardens links:
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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 | |
|---|---|---|---|---|
| 5767 Rae Ave | Single Family | 1,107 | B |
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| 5789 Rae Ave | Single Family | 1,160 | B |
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| 5766 Parke Ave | Single Family | 1,227 | B |
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| 5778 Parke Ave | Single Family | 1,350 | B |
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| 5753 Rae Ave | Single Family | 1,113 | B |
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| 5764 Parke Ave | Single Family | 1,632 | B |
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| 5790 Parke Ave | Single Family | 1,548 | B |
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| 5790 Rae Ave | Single Family | 1,149 | B |
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| 5743 Rae Ave | Single Family | 885 | C |
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| 5813 Rae Ave | Single Family | 1,037 | B |
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| 5744 Parke Ave | Single Family | 1,206 | B |
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| 5484 Eadie Pl | Single Family | 1,540 | B |
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| 5810 Rae Ave | Single Family | 1,054 | B |
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| 5421 Helene Pl | Single Family | 1,146 | B |
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| 5742 Rae Ave | Single Family | 1,344 | B |
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| 5422 Helene Pl | Single Family | 1,194 | B |
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| 5731 Rae Ave | Single Family | 1,569 | B |
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| 5732 Parke Ave | Single Family | 1,349 | B |
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| 5422 Eadie Pl | Single Family | 916 | C |
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| 5421 Marcia Pl | Single Family | 1,745 | B |
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| 5409 Helene Pl | Single Family | 1,036 | B |
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| 5410 Helene Pl | Single Family | 955 | C |
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| 5720 Parke Ave | Single Family | 1,380 | B |
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| 5463 Eadie Pl | Single Family | 1,102 | B |
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| 5473 Eadie Pl | Single Family | 1,273 | B |
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| 5410 Eadie Pl | Single Family | 1,138 | B |
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| 5451 Eadie Pl | Single Family | 1,463 | B |
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| 5709 Rae Ave | Single Family | 1,438 | B |
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| 5409 Marcia Pl | Single Family | 1,390 | B |
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| 5485 Eadie Pl | Single Family | 1,648 | B |
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| 5439 Eadie Pl | Single Family | 1,278 | B |
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| 5397 Helene Pl | Single Family | 1,282 | B |
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| 5398 Helene Pl | Single Family | 1,047 | B |
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| 5427 Eadie Pl | Single Family | 1,067 | B |
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| 5710 Rae Ave | Single Family | 1,110 | B |
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| 5698 Parke Ave | Single Family | 1,376 | B |
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| 5398 Eadie Pl | Single Family | 1,088 | B |
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| 5397 Marcia Pl | Single Family | 1,182 | B |
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| 5417 Eadie Pl | Single Family | 1,534 | B |
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| 5387 Helene Pl | Single Family | 1,232 | B |
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| 5422 Marcia Pl | Single Family | 1,029 | B |
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| 5388 Helene Pl | Single Family | 1,298 | B |
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| 5697 Rae Ave | Single Family | 1,099 | B |
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| 5388 Eadie Pl | Single Family | 976 | C |
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| 5686 Parke Ave | Single Family | 1,185 | B |
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| 5387 Marcia Pl | Single Family | 1,257 | B |
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| 5410 Marcia Pl | Single Family | 1,190 | B |
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Local Household Income
The median household income in this part of Florida is $85,423. The bottom 10% of the population earn less than $25,310 per year. The top 10% earn more than $291,096 per year. The top 1% earn more than $691,178 per year. Most renters earn between $35,844 (20th percentile) and $67,212 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $170,846 and $213,558.
The tax assessed value of this property places it in percentile 7 of all properties in this area. This suggests it would appeal to someone earning around $19,755 per year who should qualify for a mortgage between $39,510 and $49,388.
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 $1,276. Most renters earn between $2,987 and $5,601 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $944 (20th percentile) to $1,734 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 7 of all properties in this area. This corresponds to a rent of $711 per month and a monthly household income of $2,357 ($28,284 per year)
Nearby Companies
5764 Parke Ave