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 
6101 Lambeth Cir Single Family 1,594 B
6061 Lambeth Cir Single Family 1,594 B
6070 Lambeth Cir Single Family 1,594 B
6080 Lambeth Cir Single Family 1,594 B
6060 Lambeth Cir Single Family 1,594 B
6090 Lambeth Cir Single Family 1,228 B
6111 Lambeth Cir Single Family 1,594 B
6100 Lambeth Cir Single Family 1,594 B
6051 Lambeth Cir Single Family 2,079 B
6047 Oak Royal Dr Single Family 1,594 B
6061 Oak Royal Dr Single Family 1,594 B
6033 Oak Royal Dr Single Family 1,594 B
6075 Oak Royal Dr Single Family 1,594 B
6041 Lambeth Cir Single Family 1,999 B
6089 Oak Royal Dr Single Family 1,594 B
6110 Lambeth Cir Single Family 1,995 B
6103 Oak Royal Dr Single Family 1,594 B
6021 Lambeth Cir Single Family 2,071 B
5922 Deerfield Pl Single Family 1,847 B
5928 Deerfield Pl Single Family 1,847 B
6117 Oak Royal Dr Single Family 1,999 B
5947 Westfall Rd Single Family 1,594 B
5945 Westfall Rd Single Family 1,594 B
5949 Westfall Rd Single Family 2,071 B
5916 Deerfield Pl Single Family 2,175 B
6060 Honeywood Way Single Family 1,594 B
5943 Westfall Rd Single Family 1,995 B
6074 Oak Royal Dr Single Family 1,594 B
5951 Westfall Rd Single Family 2,079 B
5934 Deerfield Pl Single Family 2,248 B
6088 Oak Royal Dr Single Family 1,228 B
5941 Westfall Rd Single Family 1,645 B
5955 Westfall Rd Single Family 1,594 B
6102 Oak Royal Dr Single Family 2,075 B
5977 Westfall Rd Single Family 1,594 B
5981 Westfall Rd Single Family 1,594 B
6070 Honeywood Way Single Family 1,594 B
5985 Westfall Rd Single Family 1,594 B
5910 Deerfield Pl Single Family 2,536 B
5939 Westfall Rd Single Family 1,645 B
5973 Westfall Rd Single Family 1,594 B
5971 Westfall Rd Single Family 2,079 B
5989 Westfall Rd Single Family 1,594 B
6116 Oak Royal Dr Single Family 1,594 B
6121 Honeywood Way Single Family 1,594 B
5906 Lincoln Cir W Single Family 2,083 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 42 of all properties in this area. This suggests it would appeal to someone earning around $49,822 per year who should qualify for a mortgage between $99,644 and $124,555.

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 42 of all properties in this area. This corresponds to a rent of $984 per month and a monthly household income of $2,569 ($30,828 per year)

Nearby Companies

Alex Pool Plaster Inc.
5955 Westfall Rd
Carpentry Experts Inc.
5971 Westfall Rd
Al & Al Carriers LLC
6144 Oak Royal Dr
Men Power LLC
6075 Oak Royal Dr
A&C Dental LLC
6061 Oak Royal Dr
Nsk Billing LLC
6091 Lambeth Cir
House Of Eight., LLC
6091 Lambeth Cir
Eee Landscaping, LLC.
6060 Lambeth Cir
H Charity Foundation Inc
6081 Lambeth Cir
Kubber Consulting LLC
5922 Deerfield Pl
Disclaimers and Disclosures

Public Records Data

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