7951 Bishopwood Rd, Lake Worth
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:
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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 | |
|---|---|---|---|---|
| 7943 Bishopwood Rd | Single Family | 1,365 | B |
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| 7959 Ridgewood Dr | Single Family | 1,712 | B |
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| 7935 Bishopwood Rd | Single Family | 1,570 | B |
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| 7998 Ridgewood Dr | Single Family | 1,759 | B |
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| 7991 Ridgewood Dr | Single Family | 1,462 | B |
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| 7878 Blairwood Cir S | Single Family | 1,854 | B |
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| 7992 Ridgewood Dr | Single Family | 1,462 | B |
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| 7874 Blairwood Cir S | Single Family | 1,856 | B |
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| 7927 Bishopwood Rd | Single Family | 1,763 | B |
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| 7882 Blairwood Cir S | Single Family | 1,858 | B |
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| 5549 Berrywood Dr | Single Family | 1,575 | B |
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| 7985 Ridgewood Dr | Single Family | 1,366 | B |
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| 7986 Ridgewood Dr | Single Family | 1,763 | B |
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| 7886 Blairwood Cir S | Single Family | 1,436 | B |
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| 7919 Bishopwood Rd | Single Family | 1,357 | B |
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| 5561 Berrywood Dr | Single Family | 1,754 | B |
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| 7870 Blairwood Cir W | Single Family | 1,854 | B |
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| 7979 Ridgewood Dr | Single Family | 1,754 | B |
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| 7980 Ridgewood Dr | Single Family | 1,374 | B |
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| 7890 Blairwood Cir S | Single Family | 1,854 | B |
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| 7911 Bishopwood Rd | Single Family | 1,462 | B |
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| 5573 Berrywood Dr | Single Family | 1,419 | B |
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| 7879 Blairwood Cir S | Single Family | 1,924 | B |
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| 7912 Bishopwood Rd | Single Family | 1,575 | B |
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| 7883 Blairwood Cir S | Single Family | 1,570 | B |
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| 7894 Blairwood Cir S | Single Family | 1,858 | B |
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| 7973 Ridgewood Dr | Single Family | 1,570 | B |
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| 7974 Ridgewood Dr | Single Family | 1,754 | B |
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| 7866 Blairwood Cir W | Single Family | 1,462 | B |
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| 7887 Blairwood Cir S | Single Family | 1,858 | B |
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| 7903 Bishopwood Rd | Single Family | 1,566 | B |
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| 5585 Berrywood Dr | Single Family | 1,519 | B |
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| 7953 Blackwood Ln | Single Family | 1,754 | B |
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| 7904 Bishopwood Rd | Single Family | 1,747 | B |
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| 7898 Blairwood Cir S | Single Family | 1,465 | B |
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| 7891 Blairwood Cir S | Single Family | 1,746 | B |
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| 7967 Ridgewood Dr | Single Family | 1,446 | B |
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| 7968 Ridgewood Dr | Single Family | 1,570 | B |
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| 7862 Blairwood Cir W | Single Family | 1,858 | B |
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| 7934 Elwood Dr | Single Family | 2,001 | B |
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| 5597 Berrywood Dr | Single Family | 1,575 | B |
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| 7895 Bishopwood Rd | Single Family | 1,747 | B |
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| 7922 Elwood Dr | Single Family | 1,856 | B |
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| 7895 Blairwood Cir S | Single Family | 1,858 | B |
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| 7939 Blackwood Ln | Single Family | 1,566 | B |
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| 7896 Bishopwood Rd | Single Family | 1,747 | B |
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| 7902 Blairwood Cir S | Single Family | 1,856 | B |
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| 7910 Elwood Dr | Single Family | 1,975 | B |
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| 7961 Ridgewood Dr | Single Family | 1,413 | 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 49 of all properties in this area. This suggests it would appeal to someone earning around $57,581 per year who should qualify for a mortgage between $115,162 and $143,953.
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 49 of all properties in this area. This corresponds to a rent of $1,023 per month and a monthly household income of $2,650 ($31,800 per year)
Nearby Companies
5573 Berrywood Dr
5573 Berrywood Dr