7703 Forestay Dr, Lake Worth
Palm Beach County Real Estate - Boynton Beach
Boynton Beach is in South East Florida. It's population as recorded in the 2010 Census was 68,217.
The median age for residents of Boynton Beach is 41.9. Around 25% of Boynton Beach households include school aged children and 35.4% of households include individuals aged 65 years or over. Census records indicate 62.4% of the Boynton Beach population are White, 30.2% are Black or African American, .2% American Indian, 2.1% Asian and 2.1% are Two or more Races.
There are 36,289 housing units in Boynton Beach. 7,185 (19.7%) of these were reported as vacant in the 2010 Census. Boynton Beach is a tourist destination, 46.3% (3,330) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 11,388 residential rental units in Boynton Beach. 9,788 of them were occupied in 2010 providing a residential rental vacancy rate of 13.7%.
Boynton Beach 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 | |
|---|---|---|---|---|
| 7695 Forestay Dr | Single Family | 3,683 | B |
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| 7711 Forestay Dr | Single Family | 3,003 | B |
|
| 7687 Forestay Dr | Single Family | 3,487 | B |
|
| 7719 Forestay Dr | Single Family | 3,077 | B |
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| 7824 Penwood Ct | Single Family | 3,030 | B |
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| 7962 Heavener Ct | Single Family | 4,243 | B |
|
| 7953 Heavener Ct | Single Family | 3,461 | B |
|
| 7704 Forestay Dr | Single Family | 2,948 | B |
|
| 7679 Forestay Dr | Single Family | 3,683 | B |
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| 7727 Forestay Dr | Single Family | 3,038 | B |
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| 7712 Forestay Dr | Single Family | 3,689 | B |
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| 7816 Penwood Ct | Single Family | 3,122 | B |
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| 7735 Forestay Dr | Single Family | 3,683 | B |
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| 7671 Forestay Dr | Single Family | 3,877 | B |
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| 7823 Penwood Ct | Single Family | 3,683 | B |
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| 7961 Heavener Ct | Single Family | 3,801 | B |
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| 7726 Belmont Dr | Single Family | 2,967 | B |
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| 7724 Forestay Dr | Single Family | 3,022 | B |
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| 7808 Penwood Ct | Single Family | 3,731 | B |
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| 7743 Forestay Dr | Single Family | 2,906 | B |
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| 7734 Belmont Dr | Single Family | 2,920 | B |
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| 7854 Forestay Dr | Single Family | 3,663 | B |
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| 7815 Penwood Ct | Single Family | 3,087 | B |
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| 7728 Forestay Dr | Single Family | 3,071 | B |
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| 7872 Forestay Dr | Single Family | 2,920 | B |
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| 7969 Heavener Ct | Single Family | 3,461 | B |
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| 7742 Belmont Dr | Single Family | 3,001 | B |
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| 7736 Forestay Dr | Single Family | 2,926 | B |
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| 7798 Penwood Ct | Single Family | 3,691 | B |
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| 7750 Belmont Dr | Single Family | 3,827 | B |
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| 7751 Forestay Dr | Single Family | 3,740 | B |
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| 7805 Penwood Ct | Single Family | 3,068 | B |
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| 7758 Belmont Dr | Single Family | 3,472 | 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 92 of all properties in this area. This suggests it would appeal to someone earning around $165,996 per year who should qualify for a mortgage between $331,992 and $414,990.
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 92 of all properties in this area. This corresponds to a rent of $1,791 per month and a monthly household income of $4,823 ($57,876 per year)
Nearby Companies
7798 Penwood Ct
7805 Penwood Ct
7816 Penwood Ct
7719 Forestay Dr
7719 Forestay Dr
7704 N Forestay Dr
7815 Penwood Ct
7969 Heavener Ct