5892 Forest Hill Blvd, 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 | |
|---|---|---|---|---|
| 5904 Forest Hill Blvd | Single Family | 1,073 | B |
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| 5880 Forest Hill Blvd | Single Family | 1,322 | B |
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| 5897 Queen Anne Rd | Single Family | 986 | B |
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| 5916 Forest Hill Blvd | Single Family | 1,227 | B |
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| 5866 Forest Hill Blvd | Single Family | 1,285 | B |
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| 5891 Queen Anne Rd | Single Family | 1,248 | B |
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| 5911 Queen Anne Rd | Single Family | 1,003 | B |
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| 5928 Forest Hill Blvd | Single Family | 2,224 | B |
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| 5925 Queen Anne Rd | Single Family | 1,320 | B |
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| 1738 Live Oak Dr | Single Family | 1,674 | B |
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| 5853 Honeysuckle Dr | Single Family | 1,488 | B |
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| 5850 Forest Hill Blvd | Single Family | 1,413 | B |
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| 1737 Woodland Ave | Single Family | 1,719 | B |
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| 5890 Queen Anne Rd | Single Family | 1,023 | B |
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| 1737 Live Oak Dr | Single Family | 1,205 | B |
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| 5937 Queen Anne Rd | Single Family | 1,108 | B |
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| 5933 Forest Hill Blvd | Condominium | 1,070 | B |
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| 5935 Forest Hill Blvd | Condominium | 1,070 | B |
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| 5940 Forest Hill Blvd | Single Family | 1,123 | B |
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| 5937 Forest Hill Blvd | Condominium | 1,070 | B |
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| 5939 Forest Hill Blvd | Condominium | 1,070 | B |
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| 5834 Forest Hill Blvd | Single Family | 2,276 | B |
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| 1817 Baythorne Rd | Single Family | 1,435 | B |
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| 5898 Queen Anne Rd | Single Family | 1,346 | B |
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| 5910 Queen Anne Rd | Single Family | 1,160 | B |
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| 1716 Live Oak Dr | Single Family | 1,095 | B |
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| 5954 Forest Hill Blvd | Single Family | 1,120 | B |
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| 5951 Queen Anne Rd | Single Family | 1,304 | B |
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| 5920 Queen Anne Rd | Single Family | 1,187 | B |
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| 1715 Woodland Ave | Single Family | 1,637 | B |
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| 5829 Honeysuckle Dr | Single Family | 1,414 | B |
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| 1715 Live Oak Dr | Single Family | 1,274 | B |
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| 1738 Woodland Ave | Single Family | 1,732 | B |
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| 5934 Queen Anne Rd | Single Family | 1,091 | B |
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| 5961 Forest Hill Blvd Unit 103 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 104 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 105 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 106 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 201 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 202 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 203 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 204 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 205 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 206 | Condominium | 1,100 | B |
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| 5957 Forest Hill Blvd | Condominium | 1,070 | B |
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| 5957 Forest Hill Blvd Unit 8 | Condominium | 1,070 | B |
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| 5961 Forest Hill Blvd Unit 102 | Condominium | 1,100 | B |
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| 5961 Forest Hill Blvd Unit 101 | Condominium | 1,100 | B |
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| 1831 Baythorne Rd | Single Family | 1,320 | 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 53 of all properties in this area. This suggests it would appeal to someone earning around $48,343 per year who should qualify for a mortgage between $96,686 and $120,858.
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 53 of all properties in this area. This corresponds to a rent of $1,065 per month and a monthly household income of $2,934 ($35,208 per year)
Nearby Companies
5928 Forest Hill Blvd
5928 Forest Hill Blvd
5866 Forest Hill Blvd
5939 Forest Hill Blvd
5935 Forest Hill Blvd
5961 Forest Hill Blvd #205
1693 Live Oak Dr
1836 Baythorne Rd
5920 Queen Anne Rd
5891 Queen Anne Rd
5891 Queen Anne Rd
5804 Forest Hill Blvd
5834 Forest Hill Blvd