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 
5793 Corson Pl Single Family 1,228 B
5809 Corson Pl Single Family 1,586 B
5971 Triphammer Rd Single Family 1,228 B
5969 Triphammer Rd Single Family 1,586 B
5973 Triphammer Rd Single Family 1,228 B
5785 Corson Pl Single Family 1,586 B
5817 Corson Pl Single Family 1,598 B
5800 Corson Pl Single Family 1,586 B
5808 Corson Pl Single Family 1,228 B
5967 Triphammer Rd Single Family 1,586 B
5975 Triphammer Rd Single Family 1,228 B
5792 Corson Pl Single Family 1,228 B
5816 Corson Pl Single Family 1,825 B
5784 Corson Pl Single Family 1,287 B
5777 Corson Pl Single Family 1,586 B
5981 Triphammer Rd Single Family 1,592 B
5824 Corson Pl Single Family 1,586 B
5970 Triphammer Rd Single Family 2,022 B
5789 Aurora Ct Single Family 1,586 B
5781 Aurora Ct Single Family 1,586 B
5968 Triphammer Rd Single Family 1,942 B
5972 Triphammer Rd Single Family 1,942 B
5797 Aurora Ct Single Family 1,586 B
5776 Corson Pl Single Family 1,592 B
5966 Triphammer Rd Single Family 1,586 B
5773 Aurora Ct Single Family 1,586 B
5833 Corson Pl Single Family 1,586 B
5974 Triphammer Rd Single Family 1,942 B
5832 Corson Pl Single Family 1,586 B
5964 Triphammer Rd Single Family 1,586 B
5976 Triphammer Rd Single Family 1,964 B
5765 Aurora Ct Single Family 1,592 B
5813 Aurora Ct Single Family 2,051 B
5962 Triphammer Rd Single Family 1,933 B
5959 Triphammer Rd Single Family 1,586 B
5841 Corson Pl Single Family 1,586 B
5848 Corson Pl Single Family 1,586 B
5978 Triphammer Rd Single Family 1,586 B
5986 Triphammer Rd Single Family 1,943 B
5988 Triphammer Rd Single Family 2,041 B
5984 Triphammer Rd Single Family 1,959 B
5960 Triphammer Rd Single Family 2,003 B
5990 Triphammer Rd Single Family 1,592 B
5788 Aurora Ct Single Family 1,592 B
5780 Aurora Ct Single Family 1,592 B
5796 Aurora Ct Single Family 1,586 B
5982 Triphammer Rd Single Family 1,964 B
5772 Aurora Ct Single Family 1,592 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 26 of all properties in this area. This suggests it would appeal to someone earning around $32,241 per year who should qualify for a mortgage between $64,482 and $80,603.

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 26 of all properties in this area. This corresponds to a rent of $850 per month and a monthly household income of $2,196 ($26,352 per year)

Nearby Companies

Hydramax, Inc.
5837 Aurora Ct
Adon'S Business Trust
5817 Corson Pl
Makeup By Kim LLC
5817 Corson Pl
Alicia Cleaning Services LLC
5968 Triphammer Rd
Sunshine Care At Home LLC
5968 Triphammer Rd
Maischial T Steel LLC
5797 Aurora Ct
Luis Christian Landscaping Inc
5930 Triphammer Rd
Janice Asher LLC
5984 Triphammer Rd
Shey-Fer Cleaning Service LLC
5984 Triphammer Rd
Aaron Sumo Sacerdote, Corp.
5984 Triphammer Rd
Aaron Sumo Sacerdote Corp.
5984 Triphammer Rd
Grace Pool Finishing, Inc.
5519 Mainship Dr
Creative Builders Group, LLC
5517 Mainship Dr
Disclaimers and Disclosures

Public Records Data

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