5691 Papaya Rd, West Palm Beach
Palm Beach County Real Estate - West Palm Beach
West Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 99,919.
The median age for residents of West Palm Beach is 38.1. Around 25.5% of West Palm Beach households include school aged children and 26.9% of households include individuals aged 65 years or over. Census records indicate 56.7% of the West Palm Beach population are White, 32.4% are Black or African American, .4% American Indian, 2.2% Asian and 2.6% are Two or more Races. West Palm Beach has a significant Hispanic population. 22.6% (22,601) of West Palm Beach residents are of Hispanic or Latino origin. Of these 12.41% are of Mexican origin, 14.56% Puerto Rican, 23.61% Cuban and 49.41% are of other Hispanic or Latino origin.
There are 54,179 housing units in West Palm Beach. 11,267 (20.7%) of these were reported as vacant in the 2010 Census. There are 25,318 residential rental units in West Palm Beach. 21,180 of them were occupied in 2010 providing a residential rental vacancy rate of 15.9%.
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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 | |
|---|---|---|---|---|
| 5683 Papaya Rd | Single Family | 1,459 | B |
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| 5707 Papaya Rd | Single Family | 1,330 | B |
|
| 5673 Papaya Rd | Single Family | 1,031 | B |
|
| 5692 Kumquat Rd | Single Family | 1,538 | B |
|
| 5702 Kumquat Rd | Single Family | 1,064 | B |
|
| 5678 Kumquat Rd | Single Family | 1,320 | B |
|
| 5663 Papaya Rd | Single Family | 1,193 | B |
|
| 5721 Papaya Rd | Single Family | 1,352 | B |
|
| 5710 Kumquat Rd | Vacant Residential | 0 | L | |
| 5692 Papaya Rd | Single Family | 999 | B |
|
| 5702 Papaya Rd | Single Family | 816 | B |
|
| 5677 Papaya Rd | Multi-family - less than 10 units | 1,948 | B |
|
| 5720 Kumquat Rd | Multi-family - less than 10 units | 1,922 | B |
|
| 5664 Kumquat Rd | Single Family | 1,086 | B |
|
| 5655 Papaya Rd | Single Family | 1,376 | B |
|
| 5710 Papaya Rd | Single Family | 1,074 | B |
|
| 5733 Papaya Rd | Multi-family - less than 10 units | 1,948 | B |
|
| 5662 Papaya Rd | Single Family | 1,384 | B |
|
| 5720 Papaya Rd | Single Family | 1,490 | B |
|
| 5654 Kumquat Rd | Single Family | 1,281 | B |
|
| 5645 Papaya Rd | Single Family | 863 | B |
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| 5734 Kumquat Rd | Multi-family - less than 10 units | 1,845 | B |
|
| 5654 Papaya Rd | Single Family | 892 | B |
|
| 5648 Kumquat Rd | Single Family | 1,260 | B |
|
| 5734 Papaya Rd | Multi-family - less than 10 units | 2,090 | B |
|
| 5691 Kumquat Rd | Single Family | 1,352 | B |
|
| 5701 Kumquat Rd | Single Family | 1,339 | B |
|
| 5683 Kumquat Rd | Single Family | 835 | B |
|
| 5633 Papaya Rd | Vacant Residential | 0 | L | |
| 5691 Orange Rd | Multi-family - less than 10 units | 1,284 | B |
|
| 5701 Orange Rd | Single Family | 1,172 | B |
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| 5711 Kumquat Rd | Single Family | 1,313 | B |
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| 5673 Kumquat Rd | Single Family | 835 | B |
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| Orange Rd | Vacant Residential | 0 | L | |
| 5669 Orange Rd | Single Family | 1,449 | B |
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| 291 Guava Ave | Single Family | 1,344 | B |
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| 235 Guava Ave | Single Family | 1,563 | B |
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| 5721 Kumquat Rd | Single Family | 1,270 | B |
|
| 5663 Kumquat Rd | Single Family | 1,856 | B |
|
| 5721 Orange Rd | Single Family | 1,054 | B |
|
| 5655 Kumquat Rd | Single Family | 1,050 | B |
|
| 5653 Orange Rd | Single Family | 1,284 | B |
|
| 5735 Kumquat Rd | Multi-family - less than 10 units | 1,729 | B |
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| 210 Avocado Ave | Multi-family - less than 10 units | 1,477 | B |
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| 5767 Papaya Rd | Multi-family - less than 10 units | 1,752 | B |
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| 323 Guava Ave | Multi-family - less than 10 units | 2,665 | B |
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| 5615 Papaya Rd | Single Family | 1,909 | B |
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| 5635 Orange Rd | Multi-family - less than 10 units | 2,535 | B |
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| 5702 Mango Rd | Single Family | 1,274 | B |
|
Local Household Income
The median household income in this part of Florida is $47,354. The bottom 10% of the population earn less than $12,913 per year. The top 10% earn more than $158,251 per year. The top 1% earn more than $683,394 per year. Most renters earn between $26,016 (20th percentile) and $44,580 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $94,708 and $118,385.
The tax assessed value of this property places it in percentile 41 of all properties in this area. This suggests it would appeal to someone earning around $39,231 per year who should qualify for a mortgage between $78,462 and $98,078.
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 $1,000. Most renters earn between $2,168 and $3,715 per month. They typically spend 35.5% of their monthly income on rent. Most rents fall in the $716 (20th percentile) to $1,364 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 41 of all properties in this area. This corresponds to a rent of $927 per month and a monthly household income of $2,649 ($31,788 per year)
Nearby Companies
5692 Kumquat Rd
290 Guava Ave
290 Guava Ave
292 Guava Ave
5655 Kumquat Rd
5678 Kumquat Rd
5702 Kumquat Rd
5702 Kumquat Rd
5702 Kumquat Rd
5663 Kumquat Rd
5663 Kumquat Rd
5701 Kumquat Rd
5759 Kumquat Rd
5720 Orange Rd
5691 Orange Rd
235 Guava Ave
5733 Papaya Rd
5769 Papaya Rd
5691 Papaya Rd