7622 Colony Palm Dr, Boynton Beach
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 | |
|---|---|---|---|---|
| 7616 Colony Palm Dr | Single Family | 1,936 | B |
 |
| 7628 Colony Palm Dr | Single Family | 2,017 | B |
|
| 7610 Colony Palm Dr | Single Family | 2,017 | B |
|
| 7634 Colony Palm Dr | Single Family | 1,936 | B |
|
| 7640 Colony Palm Dr | Single Family | 2,368 | B |
|
| 7604 Colony Palm Dr | Single Family | 2,017 | B |
|
| 7623 Colony Palm Dr | Single Family | 2,368 | B |
|
| 7629 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7617 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7635 Colony Palm Dr | Single Family | 1,936 | B |
|
| 7611 Colony Palm Dr | Single Family | 1,936 | B |
|
| 7646 Colony Palm Dr | Single Family | 2,525 | B |
|
| 7598 Colony Palm Dr | Single Family | 2,727 | B |
|
| 7609 Forest Green Ln | Single Family | 2,014 | B |
|
| 7641 Colony Palm Dr | Single Family | 2,368 | B |
|
| 7605 Colony Palm Dr | Single Family | 2,525 | B |
|
| 7617 Forest Green Ln | Single Family | 1,537 | B |
|
| 7652 Colony Palm Dr | Single Family | 2,017 | B |
|
| 7647 Colony Palm Dr | Single Family | 2,017 | B |
|
| 7601 Forest Green Ln | Single Family | 1,884 | B |
|
| 7599 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7625 Forest Green Ln | Single Family | 1,581 | B |
|
| 7531 Colony Palm Dr | Single Family | 2,502 | B |
|
| 7537 Colony Palm Dr | Single Family | 2,041 | B |
|
| 7525 Colony Palm Dr | Single Family | 2,852 | B |
|
| 7543 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7519 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7653 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7658 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7549 Colony Palm Dr | Single Family | 2,727 | B |
|
| 7513 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7633 Forest Green Ln | Single Family | 1,915 | B |
|
| 7592 Colony Palm Dr | Single Family | 2,525 | B |
|
| 7600 Forest Green Ln | Single Family | 1,829 | B |
|
| 7507 Colony Palm Dr | Single Family | 2,525 | B |
|
| 7664 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7586 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7505 Colony Lake Dr | Single Family | 2,852 | B |
|
| 7580 Colony Palm Dr | Single Family | 2,368 | B |
|
| 7641 Forest Green Ln | Single Family | 1,729 | B |
|
| 7574 Colony Palm Dr | Single Family | 2,173 | B |
|
| 7501 Colony Palm Dr | Single Family | 2,754 | B |
|
| 7511 Colony Lake Dr | Single Family | 2,525 | B |
|
| 7568 Colony Palm Dr | Single Family | 2,731 | B |
|
| 7608 Forest Green Ln | Single Family | 1,955 | B |
|
| 7670 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7657 Forest Green Ln | Single Family | 1,760 | B |
|
| 7562 Colony Palm Dr | Single Family | 2,727 | 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 81 of all properties in this area. This suggests it would appeal to someone earning around $116,266 per year who should qualify for a mortgage between $232,532 and $290,665.
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 81 of all properties in this area. This corresponds to a rent of $1,397 per month and a monthly household income of $3,787 ($45,444 per year)
Nearby Companies
7505 Colony Lake Dr
7617 Forest Green Ln
7508 Colony Palm Dr
7625 Forest Green Ln
7625 Forest Green Ln
7625 Forest Green Ln
7608 Forest Green Ln
7608 Forest Green Ln
7526 Colony Palm Dr
7525 Colony Palm Dr
7562 Colony Palm Dr
7512 Colony Lake Dr
7670 Colony Palm Dr
7649 Forest Green Ln
7664 Colony Palm Dr
7664 Colony Palm Dr