197 Lake Frances Dr, West Palm Beach
Palm Beach County Real Estate - West Palm Beach
West Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 99,919.
The median age for residents of West Palm Beach is 38.1. Around 25.5% of West Palm Beach households include school aged children and 26.9% of households include individuals aged 65 years or over. Census records indicate 56.7% of the West Palm Beach population are White, 32.4% are Black or African American, .4% American Indian, 2.2% Asian and 2.6% are Two or more Races. West Palm Beach has a significant Hispanic population. 22.6% (22,601) of West Palm Beach residents are of Hispanic or Latino origin. Of these 12.41% are of Mexican origin, 14.56% Puerto Rican, 23.61% Cuban and 49.41% are of other Hispanic or Latino origin.
There are 54,179 housing units in West Palm Beach. 11,267 (20.7%) of these were reported as vacant in the 2010 Census. There are 25,318 residential rental units in West Palm Beach. 21,180 of them were occupied in 2010 providing a residential rental vacancy rate of 15.9%.
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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 | |
|---|---|---|---|---|
| 189 Lake Frances Dr | Condominium | 812 | B |
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| 195 Lake Frances Dr | Condominium | 600 | B |
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| 187 Lake Frances Dr | Condominium | 600 | B |
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| 186 Lake Frances Dr | Condominium | 1,122 | B |
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| 185 Lake Frances Dr | Condominium | 704 | B |
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| 183 Lake Frances Dr | Condominium | 888 | B |
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| 182 Lake Frances Dr | Condominium | 812 | B |
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| 196 Lake Frances Dr | Condominium | 888 | B |
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| 198 Lake Frances Dr | Condominium | 812 | B |
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| 199 Lake Frances Dr | Condominium | 1,122 | B |
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| 190 Lake Frances Dr | Condominium | 888 | B |
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| 191 Lake Frances Dr | Condominium | 888 | B |
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| 192 Lake Frances Dr | Condominium | 812 | B |
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| 193 Lake Frances Dr | Condominium | 704 | B |
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| 194 Lake Frances Dr | Condominium | 704 | B |
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| 188 Lake Frances Dr | Condominium | 704 | B |
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| 181 Lake Frances Dr | Condominium | 812 | B |
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| 180 Lake Frances Dr | Condominium | 888 | B |
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| 179 Lake Frances Dr | Condominium | 704 | B |
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| 178 Lake Frances Dr | Condominium | 704 | B |
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| 177 Lake Frances Dr | Condominium | 888 | B |
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| 176 Lake Frances Dr | Condominium | 600 | B |
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| 175 Lake Frances Dr | Condominium | 704 | B |
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| 174 Lake Frances Dr | Condominium | 812 | B |
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| 173 Lake Frances Dr | Condominium | 704 | B |
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| 172 Lake Frances Dr | Condominium | 888 | B |
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| 171 Lake Frances Dr | Condominium | 888 | B |
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| 170 Lake Frances Dr | Condominium | 704 | B |
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| 169 Lake Frances Dr | Condominium | 704 | B |
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| 168 Lake Frances Dr | Condominium | 600 | B |
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| 302 Lake Frances Dr | Condominium | 888 | B |
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| 300 Lake Frances Dr | Condominium | 704 | B |
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| 301 Lake Frances Dr | Condominium | 1,122 | B |
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| 303 Lake Frances Dr | Condominium | 1,122 | B |
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| 206 Lake Frances Dr | Condominium | 704 | B |
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| 207 Lake Frances Dr | Condominium | 704 | B |
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| 202 Lake Frances Dr | Condominium | 1,122 | B |
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| 201 Lake Frances Dr | Condominium | 704 | B |
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| 200 Lake Frances Dr | Condominium | 1,021 | B |
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| 204 Lake Frances Dr | Condominium | 600 | B |
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| 203 Lake Frances Dr | Condominium | 888 | B |
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| 209 Lake Frances Dr | Condominium | 888 | B |
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| 208 Lake Frances Dr | Condominium | 888 | B |
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| 205 Lake Frances Dr | Condominium | 812 | B |
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| 308 Lake Frances Dr | Condominium | 888 | B |
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| 307 Lake Frances Dr | Condominium | 888 | B |
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| 311 Lake Frances Dr | Condominium | 600 | B |
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| 167 Lake Frances Dr | Condominium | 1,021 | B |
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| 304 Lake Frances Dr | Condominium | 704 | B |
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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 8 of all properties in this area. This suggests it would appeal to someone earning around $20,190 per year who should qualify for a mortgage between $40,380 and $50,475.
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 8 of all properties in this area. This corresponds to a rent of $443 per month and a monthly household income of $1,763 ($21,156 per year)
Nearby Companies
308 Lake Frances Dr