Palm Beach County Real Estate - Lake Worth

Lake Worth is in South East Florida. It's population as recorded in the 2010 Census was 34,910. Lake Worth is approximately 58 miles from Miami (population 399,457) and around 54 miles from Hialeah (population 224,669).

The median age for residents of Lake Worth is 35. Around 30.1% of Lake Worth households include school aged children and 22.1% of households include individuals aged 65 years or over. Census records indicate 60% of the Lake Worth population are White, 19.8% are Black or African American, 5.6% American Indian, .9% Asian and 4.5% are Two or more Races. Lake Worth has a significant Hispanic population. 39.6% (13,834) of Lake Worth residents are of Hispanic or Latino origin. Of these 19.98% are of Mexican origin, 10.21% Puerto Rican, 10.39% Cuban and 59.4% are of other Hispanic or Latino origin.

There are 16,473 housing units in Lake Worth. 3,515 (21.3%) of these were reported as vacant in the 2010 Census. There are 7,843 residential rental units in Lake Worth. 6,535 of them were occupied in 2010 providing a residential rental vacancy rate of 16.1%.

Lake Worth links:

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

AddressTypeSq FtClass 
4805 Witch Ln Single Family 1,461 B
4767 Witch Ln Single Family 1,458 B
4248 Melaleuca Ln Single Family 1,312 B
4256 Melaleuca Ln Multi-family - less than 10 units 1,922 B
4792 Dell Ave Single Family 1,382 B
4806 Dell Ave Multi-family - less than 10 units 1,753 B
4819 Witch Ln Vacant Residential 0 L
4772 Dell Ave Multi-family - less than 10 units 2,196 B
4762 Witch Ln Multi-family - less than 10 units 1,899 B
4792 Witch Ln Single Family 1,344 B
4794 Witch Ln Single Family 1,401 B
4820 Dell Ave Single Family 1,644 B
4180 Centurion Cir Vacant Residential 0 L
4810 Witch Ln Single Family 2,338 B
4206 Melaleuca Ln Single Family 1,191 B
4839 Witch Ln Single Family 1,688 B
4227 Melaleuca Ln Multi-family - less than 10 units 1,696 B
4828 Witch Ln Single Family 1,336 B
4834 Dell Ave Multi-family - less than 10 units 4,897 B
4771 Dell Ave Multi-family - less than 10 units 1,955 B
4207 Melaleuca Ln Single Family 1,218 B
4793 Dell Ave Multi-family - less than 10 units 2,376 B
4271 Melaleuca Ln Single Family 561 B
4789 Lehto Ln Single Family 2,060 B
4257 Melaleuca Ln Single Family 542 B
4838 Witch Ln Single Family 1,236 B
4779 Lehto Ln Single Family 1,005 B
4233 Mee Ct Multi-family - less than 10 units 2,563 B
4799 Lehto Ln Single Family 2,011 B
4811 Dell Ave Multi-family - less than 10 units 1,876 B
1007 Lehto Ln Single Family 843 B
4849 Witch Ln Single Family 1,997 B
4193 Melaleuca Ln Single Family 894 B
4805 Lehto Ln Multi-family - less than 10 units 2,704 B
1003 Lehto Ln Single Family 1,065 B
4474 Bertha St Multi-family - less than 10 units 1,926 B
Poinsetta Ln Vacant Residential 0 L
4283 Melaleuca Ln Single Family 1,087 B
4821 Dell Ave Multi-family - less than 10 units 2,129 B
4821 Lehto Ln Multi-family - less than 10 units 2,160 B
924 Mee Ct Single Family 3,787 B
4221 Mee Ct Multi-family - less than 10 units 2,365 B
4850 Witch Ln Single Family 1,678 B
929 Lehto Ln Single Family 1,004 B
1101 Lehto Ln Single Family 1,235 B
926 Weymouth Rd Single Family 839 B
4862 Dell Ave Multi-family - less than 10 units 3,025 B
4714 Mee Ct Single Family 1,466 B
4873 Witch Ln Single Family 1,773 B

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 32 of all properties in this area. This suggests it would appeal to someone earning around $38,099 per year who should qualify for a mortgage between $76,198 and $95,248.

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 32 of all properties in this area. This corresponds to a rent of $904 per month and a monthly household income of $2,346 ($28,152 per year)

Nearby Companies

Bruja Music LLC
4794 Witch Ln
Dell Realty Inc
4865 Dell Ave
Monsa Cms Inc
4815 Dell Ave
Disclaimers and Disclosures

Public Records Data

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