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 
3820 Cypress Lake Dr Single Family 2,456 B
3828 Cypress Lake Dr Single Family 2,450 B
3816 Cypress Lake Dr Single Family 2,456 B
3832 Cypress Lake Dr Single Family 2,504 B
3823 Cypress Lake Dr Single Family 2,684 B
3815 Cypress Lake Dr Single Family 2,450 B
3976 Summer Chase Ct Single Family 2,311 B
3980 Summer Chase Ct Single Family 2,519 B
3833 Cypress Lake Dr Single Family 2,345 B
3972 Summer Chase Ct Single Family 2,150 B
3984 Summer Chase Ct Single Family 2,167 B
3812 Cypress Lake Dr Single Family 2,450 B
3811 Cypress Lake Dr Single Family 2,926 B
3968 Summer Chase Ct Single Family 2,150 B
3988 Summer Chase Ct Single Family 2,727 B
3836 Cypress Lake Dr Single Family 2,480 B
3807 Cypress Lake Dr Single Family 5,155 B
3840 Cypress Lake Dr Single Family 2,507 B
3992 Summer Chase Ct Single Family 2,315 B
3849 Cypress Lake Dr Single Family 2,475 B
3808 Cypress Lake Dr Single Family 2,456 B
3964 Summer Chase Ct Single Family 2,670 B
3844 Cypress Lake Dr Single Family 2,450 B
3996 Summer Chase Ct Single Family 2,167 B
3973 Summer Chase Ct Single Family 2,670 B
3981 Summer Chase Ct Single Family 2,384 B
3960 Summer Chase Ct Single Family 2,219 B
3985 Summer Chase Ct Single Family 2,665 B
3853 Cypress Lake Dr Single Family 2,475 B
3804 Cypress Lake Dr Single Family 2,475 B
3848 Cypress Lake Dr Single Family 2,801 B
3989 Summer Chase Ct Single Family 2,384 B
4000 Summer Chase Ct Single Family 2,167 B
3956 Summer Chase Ct Single Family 2,647 B
3953 Summer Chase Ct Single Family 2,059 B
3852 Cypress Lake Dr Single Family 2,450 B
3997 Summer Chase Ct Single Family 2,238 B
3857 Cypress Lake Dr Single Family 2,950 B
4004 Summer Chase Ct Single Family 2,670 B
3952 Summer Chase Ct Single Family 2,670 B
3884 Blanchette Trl Single Family 768 B
3800 Cypress Lake Dr Single Family 1,864 B

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 39 of all properties in this area. This suggests it would appeal to someone earning around $62,518 per year who should qualify for a mortgage between $125,036 and $156,295.

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 39 of all properties in this area. This corresponds to a rent of $992 per month and a monthly household income of $3,448 ($41,376 per year)

Nearby Companies

Countywide Land Holdings, LLC
3892 Cypress Lake Dr
Narpy Institute, Inc.
3815 Cypress Lake Dr
Dif Marine Restoration Inc
3816 Cypress Lake Dr
B Young'S Landscape LLC
3812 Cypress Lake Dr
Disclaimers and Disclosures

Public Records Data

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