5497 Berry Blossom Way E, 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 | |
|---|---|---|---|---|
| 5505 Berry Blossom Way E | Single Family | 2,373 | B |
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| 5489 Berry Blossom Way E | Single Family | 1,927 | B |
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| 5481 Berry Blossom Way E | Single Family | 1,583 | B |
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| 5103 Rambler Rose Way | Single Family | 1,925 | B |
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| 5473 Berry Blossom Way E | Single Family | 2,373 | B |
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| 5496 Berry Blossom Way E | Single Family | 2,373 | B |
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| 5111 Rambler Rose Way | Single Family | 2,350 | B |
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| 5488 Berry Blossom Way E | Single Family | 2,373 | B |
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| 5504 Berry Blossom Way E | Single Family | 1,927 | B |
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| 5095 Rambler Rose Way | Single Family | 2,350 | B |
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| 5480 Berry Blossom Way E | Single Family | 1,435 | B |
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| 5087 Rambler Rose Way | Single Family | 2,395 | B |
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| 5465 Berry Blossom Way E | Single Family | 2,697 | B |
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| 5537 Berry Blossom Way W | Single Family | 1,444 | B |
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| 5472 Berry Blossom Way E | Single Family | 2,373 | B |
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| 5079 Rambler Rose Way | Single Family | 1,925 | B |
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| 5457 Berry Blossom Way E | Single Family | 1,927 | B |
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| 5464 Berry Blossom Way E | Single Family | 1,927 | B |
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| 5545 Berry Blossom Way W | Single Family | 2,373 | B |
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| 5071 Rambler Rose Way | Single Family | 1,945 | B |
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| 5570 Rambler Rose Way | Single Family | 2,103 | B |
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| 5456 Berry Blossom Way E | Single Family | 1,927 | B |
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| 5449 Berry Blossom Way E | Single Family | 1,927 | B |
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| 5553 Berry Blossom Way W | Single Family | 1,583 | B |
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| 5063 Rambler Rose Way | Single Family | 2,395 | B |
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| 5102 Rambler Rose Way | Single Family | 2,350 | B |
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| 5110 Rambler Rose Way | Single Family | 2,140 | B |
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| 5448 Berry Blossom Way E | Single Family | 1,927 | B |
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| 5094 Rambler Rose Way | Single Family | 1,764 | B |
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| 5576 Rambler Rose Way | Single Family | 1,861 | B |
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| 5561 Berry Blossom Way W | Single Family | 1,927 | B |
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| 5086 Rambler Rose Way | Single Family | 1,995 | B |
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| 5055 Rambler Rose Way | Single Family | 2,350 | B |
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| 5078 Rambler Rose Way | Single Family | 1,925 | B |
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| 5484 Azalea Cir | Single Family | 2,670 | B |
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| 5492 Azalea Cir | Single Family | 2,379 | B |
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| 1251 Winding Rose Way | Single Family | 2,384 | B |
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| 1243 Winding Rose Way | Single Family | 1,925 | B |
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| 5569 Berry Blossom Way W | Single Family | 2,373 | B |
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| 5070 Rambler Rose Way | Single Family | 2,384 | B |
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| 1259 Winding Rose Way | Single Family | 2,140 | B |
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| 5500 Azalea Cir | Single Family | 1,505 | B |
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| 5582 Rambler Rose Way | Single Family | 1,995 | B |
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| 1267 Winding Rose Way | Single Family | 1,925 | B |
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| 5508 Azalea Cir | Single Family | 2,379 | B |
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| 5062 Rambler Rose Way | Single Family | 2,350 | B |
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| 5047 Rambler Rose Way | Single Family | 2,219 | B |
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| 1275 Winding Rose Way | Single Family | 2,384 | B |
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| 5516 Azalea Cir | Single Family | 1,838 | 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 75 of all properties in this area. This suggests it would appeal to someone earning around $73,791 per year who should qualify for a mortgage between $147,582 and $184,478.
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 75 of all properties in this area. This corresponds to a rent of $1,221 per month and a monthly household income of $3,344 ($40,128 per year)
Nearby Companies
5569 Berry Blossom Way West
5111 Rambler Rose Way
5489 Berry Blossom Way E
5492 Azalea Cir
5500 Azalea Cir
5079 Rambler Rose Way
1242 Winding Rose Way