851 Summit Lake Dr, West Palm Beach
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:
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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 | |
|---|---|---|---|---|
| 849 Summit Lake Dr | Single Family | 1,213 | B |
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| 853 Summit Lake Dr | Single Family | 1,384 | B |
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| 847 Summit Lake Dr | Single Family | 1,393 | B |
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| 845 Summit Lake Dr | Single Family | 1,213 | B |
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| 786 Summit Lake Dr | Single Family | 1,393 | B |
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| 784 Summit Lake Dr | Single Family | 1,213 | B |
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| 788 Summit Lake Dr | Single Family | 1,384 | B |
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| 782 Summit Lake Dr | Single Family | 1,384 | B |
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| 843 Summit Lake Dr | Single Family | 1,213 | B |
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| 780 Summit Lake Dr | Single Family | 1,213 | B |
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| 841 Summit Lake Dr | Single Family | 1,402 | B |
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| 778 Summit Lake Dr | Single Family | 1,393 | B |
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| 857 Summit Lake Dr | Single Family | 1,213 | B |
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| 859 Summit Lake Dr | Single Family | 1,213 | B |
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| 861 Summit Lake Dr | Single Family | 1,393 | B |
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| 863 Summit Lake Dr | Single Family | 1,213 | B |
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| 865 Summit Lake Dr | Single Family | 1,393 | B |
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| 867 Summit Lake Dr | Single Family | 1,384 | B |
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| 792 Summit Lake Dr | Single Family | 1,213 | B |
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| 794 Summit Lake Dr | Single Family | 1,213 | B |
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| 790 Summit Lake Dr | Single Family | 1,393 | B |
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| 796 Summit Lake Dr | Single Family | 1,216 | B |
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| 840 Summit Lake Dr | Single Family | 1,393 | B |
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| 798 Summit Lake Dr | Single Family | 1,389 | B |
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| 800 Summit Lake Dr | Single Family | 1,393 | B |
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| 842 Summit Lake Dr | Single Family | 1,384 | B |
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| 802 Summit Lake Dr | Single Family | 1,213 | B |
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| 804 Summit Lake Dr | Single Family | 1,213 | B |
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| 844 Summit Lake Dr | Single Family | 1,213 | B |
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| 806 Summit Lake Dr | Single Family | 1,389 | B |
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| 836 Summit Lake Dr | Single Family | 1,384 | B |
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| 846 Summit Lake Dr | Single Family | 1,384 | B |
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| 808 Summit Lake Dr | Single Family | 1,393 | B |
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| 834 Summit Lake Dr | Single Family | 1,393 | B |
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| 848 Summit Lake Dr | Single Family | 1,393 | B |
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| 810 Summit Lake Dr | Single Family | 1,213 | B |
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| 864 Summit Lake Dr | Single Family | 1,384 | B |
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| 832 Summit Lake Dr | Single Family | 1,213 | B |
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| 812 Summit Lake Dr | Single Family | 1,213 | B |
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| 850 Summit Lake Dr | Single Family | 1,384 | B |
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| 814 Summit Lake Dr | Single Family | 1,213 | B |
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| 862 Summit Lake Dr | Single Family | 1,393 | B |
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| 830 Summit Lake Dr | Single Family | 1,384 | B |
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| 730 Neptune St | Single Family | 776 | B |
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| 870 Summit Lake Dr | Single Family | 1,384 | B |
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| 852 Summit Lake Dr | Single Family | 1,213 | B |
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| 816 Summit Lake Dr | Single Family | 1,384 | B |
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| 860 Summit Lake Dr | Single Family | 1,213 | B |
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Local Household Income
The median household income in this part of Florida is $45,914. The bottom 10% of the population earn less than $15,196 per year. The top 10% earn more than $110,931 per year. The top 1% earn more than $275,274 per year. Most renters earn between $27,132 (20th percentile) and $44,184 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $91,828 and $114,785.
The tax assessed value of this property places it in percentile 38 of all properties in this area. This suggests it would appeal to someone earning around $36,173 per year who should qualify for a mortgage between $72,346 and $90,433.
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 $1,048. Most renters earn between $2,261 and $3,682 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $816 (20th percentile) to $1,318 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 38 of all properties in this area. This corresponds to a rent of $960 per month and a monthly household income of $2,694 ($32,328 per year)
Nearby Companies
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