6160 Silver Oak Dr, 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%.
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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 | |
|---|---|---|---|---|
| 6170 Silver Oak Dr | Single Family | 2,079 | B |
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| 6150 Silver Oak Dr | Single Family | 2,115 | B |
|
| 7514 Hazelwood Cir | Single Family | 2,075 | B |
|
| 6180 Silver Oak Dr | Single Family | 2,037 | B |
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| 6140 Silver Oak Dr | Single Family | 1,779 | B |
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| 7656 Birchtree Ter | Single Family | 1,841 | B |
|
| 7506 Hazelwood Cir | Single Family | 2,549 | B |
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| 6165 Silver Oak Dr | Single Family | 2,241 | B |
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| 7530 Hazelwood Cir | Single Family | 2,099 | B |
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| 6130 Silver Oak Dr | Single Family | 1,775 | B |
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| 6175 Silver Oak Dr | Single Family | 2,639 | B |
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| 7498 Hazelwood Cir | Single Family | 2,482 | B |
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| 6135 Silver Oak Dr | Single Family | 2,000 | B |
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| 6190 Silver Oak Dr | Single Family | 2,272 | B |
|
| 6130 Birchtree Ter | Single Family | 1,826 | B |
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| 6185 Silver Oak Dr | Single Family | 2,569 | B |
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| 7511 Hazelwood Cir | Single Family | 2,254 | B |
|
| 7538 Hazelwood Cir | Single Family | 2,583 | B |
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| 6120 Silver Oak Dr | Single Family | 2,598 | B |
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| 7527 Hazelwood Cir | Single Family | 2,594 | B |
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| 6110 Birchtree Ter | Single Family | 2,003 | B |
|
| 6125 Silver Oak Dr | Single Family | 1,857 | B |
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| 7490 Hazelwood Cir | Single Family | 2,094 | B |
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| 6165 Birchtree Ter | Single Family | 2,240 | B |
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| 7497 Hazelwood Cir | Single Family | 3,057 | B |
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| 6200 Silver Oak Dr | Single Family | 2,490 | B |
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| 7539 Hazelwood Cir | Single Family | 3,248 | B |
|
| 6100 Birchtree Ter | Single Family | 2,420 | B |
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| 6115 Silver Oak Dr | Single Family | 2,388 | B |
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| 6110 Silver Oak Dr | Single Family | 2,115 | B |
|
| 7546 Hazelwood Cir | Single Family | 1,913 | B |
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| 6135 Birchtree Ter | Single Family | 2,199 | B |
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| 6155 Birchtree Ter | Single Family | 2,184 | B |
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| 6125 Birchtree Ter | Single Family | 2,257 | B |
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| 7482 Hazelwood Cir | Single Family | 2,385 | B |
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| 7485 Hazelwood Cir | Single Family | 2,063 | B |
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| 6145 Birchtree Ter | Single Family | 1,897 | B |
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| 6115 Birchtree Ter | Single Family | 1,954 | B |
|
| 6090 Birchtree Ter | Single Family | 2,706 | B |
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| 6100 Silver Oak Dr | Single Family | 1,760 | B |
|
| 7554 Hazelwood Cir | Single Family | 2,103 | B |
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| 7549 Hazelwood Cir | Single Family | 2,090 | B |
|
| 6105 Birchtree Ter | Single Family | 2,276 | B |
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| 6080 Birchtree Ter | Single Family | 2,263 | B |
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| 7474 Hazelwood Cir | Single Family | 2,102 | 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 54 of all properties in this area. This suggests it would appeal to someone earning around $63,515 per year who should qualify for a mortgage between $127,030 and $158,788.
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 54 of all properties in this area. This corresponds to a rent of $1,066 per month and a monthly household income of $2,811 ($33,732 per year)
Nearby Companies
6175 Silver Oak Dr
6155 Birch Tree Ter
6110 Birch Tree Ter
7514 Hazelwood Cir
6095 Birch Tree Ter
6135 Silver Oak Dr
7539 Hazelwood Cir
7538 Hazelwood Cir
7538 Hazelwood Cir
6120 Silver Oak Dr
6120 Silver Oak Dr