4388 Lakewood 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 | |
|---|---|---|---|---|
| 4386 Lakewood Rd | Condominium | 953 | B |
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| 4390 Lakewood Rd | Condominium | 953 | B |
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| 4384 Lakewood Rd | Condominium | 953 | B |
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| 4382 Lakewood Rd | Condominium | 953 | B |
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| 4392 Lakewood Rd | Condominium | 953 | B |
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| 4394 Lakewood Rd | Condominium | 953 | B |
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| 4396 Lakewood Rd | Condominium | 953 | B |
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| 4378 Lakewood Rd | Condominium | 953 | B |
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| 4398 Lakewood Rd | Condominium | 953 | B |
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| 4376 Lakewood Rd | Condominium | 953 | B |
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| 4380 Lakewood Rd | Condominium | 953 | B |
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| 3762 Patio Ct | Multi-family - less than 10 units | 1,771 | B |
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| 3736 Patio Ct | Multi-family - less than 10 units | 1,853 | B |
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| 4320 Lakewood Rd | Single Family | 1,358 | B |
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| 4363 Lakewood Rd | Multi-family - less than 10 units | 2,670 | B |
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| 4362 Lakewood Rd | Multi-family - less than 10 units | 1,917 | B |
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| 3724 Patio Ct | Single Family | 1,390 | B |
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| 3784 Patio Ct | Multi-family - less than 10 units | 1,708 | B |
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| 4301 Lakewood Rd | Multi-family - less than 10 units | 1,822 | B |
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| 3725 Patio Ct | Multi-family - less than 10 units | 1,612 | B |
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| 3800 Patio Ct | Vacant Residential | 0 | L | |
| 3710 Patio Ct | Single Family | 1,757 | B |
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| 3719 Almar Rd | Multi-family - less than 10 units | 3,160 | B |
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| 4381 Lakewood Rd | Single Family | 1,164 | B |
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| 3785 Patio Ct | Multi-family - less than 10 units | 8,447 | B |
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| 3802 Patio Ct | Multi-family - less than 10 units | 1,700 | B |
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| 3707 Patio Ct | Multi-family - less than 10 units | 1,612 | B |
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| 3694 Patio Ct | Single Family | 1,264 | B |
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| 4389 Lakewood Rd | Single Family | 809 | C |
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| 3816 Patio Ct | Single Family | 2,301 | B |
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| 3734 Almar Rd | Multi-family - less than 10 units | 1,970 | B |
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| 3695 Patio Ct | Multi-family - less than 10 units | 1,612 | B |
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| 3690 Almar Rd | Multi-family - less than 10 units | 2,260 | B |
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| 3824 Patio Ct | Single Family | 2,363 | B |
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| 3716 Almar Rd | Multi-family - less than 10 units | 2,810 | B |
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| 3680 Patio Ct | Single Family | 1,744 | B |
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| 3677 Patio Ct | Single Family | 1,023 | B |
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| 3825 Patio Ct | Multi-family - less than 10 units | 1,564 | B |
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| 4256 Lakewood Rd | Single Family | 2,128 | B |
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| 3706 Almar Rd | Multi-family - less than 10 units | 1,913 | B |
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| 3679 Patio Ct | Single Family | 1,023 | B |
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| 3673 Almar Rd | Single Family | 1,318 | B |
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| 4280 Lakewood Rd | Church | 0 | L | |
| 3694 Almar Rd | Multi-family - less than 10 units | 2,333 | B |
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| 3664 Patio Ct | Single Family | 1,180 | B |
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| 4423 Lakewood Rd | Multi-family - less than 10 units | 2,550 | B |
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| 3842 Patio Ct | Single Family | 2,051 | B |
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Local Household Income
The median household income in this part of Florida is $45,914. The bottom 10% of the population earn less than $15,196 per year. The top 10% earn more than $110,931 per year. The top 1% earn more than $275,274 per year. Most renters earn between $27,132 (20th percentile) and $44,184 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $91,828 and $114,785.
The tax assessed value of this property places it in percentile 6 of all properties in this area. This suggests it would appeal to someone earning around $11,357 per year who should qualify for a mortgage between $22,714 and $28,393.
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 $1,048. Most renters earn between $2,261 and $3,682 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $816 (20th percentile) to $1,318 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 6 of all properties in this area. This corresponds to a rent of $587 per month and a monthly household income of $1,639 ($19,668 per year)
Nearby Companies
3673 Almar Rd
4360 Lakewood Rd
3750 43rd Dr
4423 Lakewood Rd
3709 Patio Ct
3709 Patio Ct
3709 Patio Ct
3709 Patio Ct
4384 Lakewood Rd