7560 Colony Lake 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%.
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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 | |
|---|---|---|---|---|
| 7566 Colony Lake Dr | Single Family | 2,821 | B |
 |
| 7554 Colony Lake Dr | Single Family | 2,821 | B |
|
| 7548 Colony Lake Dr | Single Family | 2,017 | B |
|
| 7572 Colony Lake Dr | Single Family | 2,731 | B |
|
| 7542 Colony Lake Dr | Single Family | 2,821 | B |
|
| 7578 Colony Lake Dr | Single Family | 2,726 | B |
|
| 7752 S Military Trl | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 7559 Colony Lake Dr | Single Family | 2,525 | B |
|
| 7565 Colony Lake Dr | Single Family | 2,368 | B |
|
| 0 | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 7571 Colony Lake Dr | Single Family | 2,368 | B |
|
| 7547 Colony Lake Dr | Single Family | 1,936 | B |
|
| 7584 Colony Lake Dr | Single Family | 2,821 | B |
|
| 7536 Colony Lake Dr | Single Family | 2,867 | B |
|
| 7541 Colony Lake Dr | Single Family | 2,525 | B |
|
| 7590 Colony Lake Dr | Single Family | 2,628 | B |
|
| 7530 Colony Lake Dr | Single Family | 2,231 | B |
|
| 7535 Colony Lake Dr | Single Family | 2,821 | B |
|
| 7577 Colony Lake Dr | Undefined - Reserved for Use by Department of Revenue | 2,002 | B |
|
| 4396 Colony Grove Ct | Single Family | 2,821 | B |
|
| 7529 Colony Lake Dr | Single Family | 2,821 | B |
|
| 7596 Colony Lake Dr | Single Family | 2,368 | B |
|
| 7583 Colony Lake Dr | Single Family | 2,173 | B |
|
| 4390 Colony Grove Ct | Single Family | 2,727 | B |
|
| 7524 Colony Lake Dr | Single Family | 2,368 | B |
|
| 7502 Colony Palm Dr | Single Family | 2,727 | B |
|
| 7589 Colony Lake Dr | Single Family | 2,227 | B |
|
| 7824 Colony Lake Dr | Single Family | 2,727 | B |
|
| 7602 Colony Lake Dr | Single Family | 2,172 | B |
|
| 7830 Colony Lake Dr | Single Family | 2,727 | B |
|
| 7818 Colony Lake Dr | Single Family | 2,821 | B |
|
| 7518 Colony Lake Dr | Single Family | 2,628 | B |
|
| 7595 Colony Lake Dr | Single Family | 2,727 | B |
|
| 7508 Colony Palm Dr | Single Family | 2,821 | B |
|
| 7836 Colony Lake Dr | Single Family | 2,821 | B |
|
| 7523 Colony Lake Dr | Single Family | 2,628 | B |
|
| 7608 Colony Lake Dr | Single Family | 1,935 | B |
|
| 7812 Colony Lake Dr | Single Family | 2,727 | B |
|
| 7600 S Military Trl | Utility | 5,642 | B |
|
| 7601 Colony Lake Dr | Single Family | 2,159 | B |
|
| 7512 Colony Lake Dr | Single Family | 2,628 | B |
|
| 7842 Colony Lake Dr | Single Family | 2,628 | B |
|
| 7517 Colony Lake Dr | Single Family | 2,525 | B |
|
| 7614 Colony Lake Dr | Single Family | 2,016 | B |
|
| 7806 Colony Lake Dr | Single Family | 3,066 | 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 84 of all properties in this area. This suggests it would appeal to someone earning around $126,385 per year who should qualify for a mortgage between $252,770 and $315,963.
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 84 of all properties in this area. This corresponds to a rent of $1,481 per month and a monthly household income of $4,033 ($48,396 per year)
Nearby Companies
7508 Colony Palm Dr
4396 Colony Grove Ct
4396 Colony Grove Ct
7526 Colony Palm Dr
7811 Colony Lake Dr
7824 Colony Lake Dr
7842 Colony Lake Dr
7578 Colony Lake Dr
7512 Colony Lake Dr
7535 Colony Lake Dr
7553 Colony Lake Dr
7553 Colony Lake Dr