10552 Richfield Way, Boynton Beach
Palm Beach County Real Estate - Boynton Beach
Boynton Beach is in South East Florida. It's population as recorded in the 2010 Census was 68,217.
The median age for residents of Boynton Beach is 41.9. Around 25% of Boynton Beach households include school aged children and 35.4% of households include individuals aged 65 years or over. Census records indicate 62.4% of the Boynton Beach population are White, 30.2% are Black or African American, .2% American Indian, 2.1% Asian and 2.1% are Two or more Races.
There are 36,289 housing units in Boynton Beach. 7,185 (19.7%) of these were reported as vacant in the 2010 Census. Boynton Beach is a tourist destination, 46.3% (3,330) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 11,388 residential rental units in Boynton Beach. 9,788 of them were occupied in 2010 providing a residential rental vacancy rate of 13.7%.
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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 | |
|---|---|---|---|---|
| 10560 Richfield Way | Single Family | 2,473 | B |
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| 7414 Forest Park Way | Single Family | 2,678 | B |
|
| 10568 Richfield Way | Single Family | 2,721 | B |
|
| 7429 Forest Park Way | Single Family | 1,920 | B |
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| 7437 Forest Park Way | Single Family | 2,265 | B |
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| 7421 Forest Park Way | Single Family | 1,920 | B |
|
| 7406 Forest Park Way | Single Family | 2,710 | B |
|
| 7445 Forest Park Way | Single Family | 2,591 | B |
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| 10576 Richfield Way | Single Family | 2,776 | B |
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| 10553 Richfield Way | Single Family | 2,265 | B |
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| 10561 Richfield Way | Single Family | 1,920 | B |
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| 7413 Forest Park Way | Single Family | 2,139 | B |
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| 10569 Richfield Way | Single Family | 1,833 | B |
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| 7453 Forest Park Way | Single Family | 2,265 | B |
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| 7398 Forest Park Way | Single Family | 2,776 | B |
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| 7405 Forest Park Way | Single Family | 1,636 | B |
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| 10584 Richfield Way | Single Family | 2,602 | B |
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| 10577 Richfield Way | Single Family | 2,602 | B |
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| 7461 Forest Park Way | Single Family | 2,591 | B |
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| 7397 Forest Park Way | Single Family | 2,602 | B |
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| 10592 Richfield Way | Single Family | 2,581 | B |
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| 10585 Richfield Way | Single Family | 2,721 | B |
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| 10551 Conway Trl | Single Family | 2,733 | B |
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| 7389 Forest Park Way | Single Family | 1,778 | B |
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| 10559 Conway Trl | Single Family | 2,710 | B |
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| 10593 Richfield Way | Single Family | 2,265 | B |
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| 10567 Conway Trl | Single Family | 2,581 | B |
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| 10600 Richfield Way | Single Family | 2,678 | B |
|
| 10575 Conway Trl | Single Family | 2,681 | B |
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| 7381 Forest Park Way | Single Family | 2,083 | B |
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| 10601 Richfield Way | Single Family | 1,920 | B |
|
| 10583 Conway Trl | Single Family | 2,710 | B |
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| 10608 Richfield Way | Single Family | 2,591 | B |
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| 7373 Forest Park Way | Single Family | 1,833 | B |
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| 10609 Richfield Way | Single Family | 2,151 | B |
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| 10591 Conway Trl | Single Family | 2,473 | B |
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| 10616 Richfield Way | Single Family | 2,710 | B |
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| 10599 Conway Trl | Single Family | 2,581 | B |
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| 7365 Forest Park Way | Single Family | 1,833 | B |
|
| 10617 Richfield Way | Single Family | 1,920 | B |
|
| 10558 Conway Trl | Single Family | 2,473 | B |
|
| 10566 Conway Trl | Single Family | 2,139 | B |
|
| 10550 Conway Trl | Single Family | 2,581 | B |
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| 10607 Conway Trl | Single Family | 2,265 | B |
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| 7415 Bellingham Pt | Single Family | 2,776 | B |
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| 10574 Conway Trl | Single Family | 2,581 | B |
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| 10624 Richfield Way | Single Family | 2,517 | B |
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| 10625 Richfield Way | Single Family | 2,193 | B |
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| 7357 Forest Park Way | Single Family | 1,920 | B |
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Local Household Income
The median household income in this part of Florida is $58,828. The bottom 10% of the population earn less than $15,713 per year. The top 10% earn more than $151,965 per year. The top 1% earn more than $508,812 per year. Most renters earn between $24,120 (20th percentile) and $44,712 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $117,656 and $147,070.
The tax assessed value of this property places it in percentile 87 of all properties in this area. This suggests it would appeal to someone earning around $138,998 per year who should qualify for a mortgage between $277,996 and $347,495.
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 $1,028. Most renters earn between $2,010 and $3,726 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $781 (20th percentile) to $1,371 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 87 of all properties in this area. This corresponds to a rent of $1,614 per month and a monthly household income of $4,258 ($51,096 per year)
Nearby Companies
10593 Richfield Way
10568 Richfield Way
7349 Forest Park Way