5840 Elder 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 | |
|---|---|---|---|---|
| 5852 Elder Dr | Single Family | 1,348 | B |
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| 5826 Elder Dr | Single Family | 1,174 | B |
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| 5814 Elder Dr | Single Family | 1,265 | B |
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| 5864 Elder Dr | Single Family | 1,510 | B |
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| 5839 Elder Dr | Single Family | 1,276 | B |
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| 5825 Elder Dr | Single Family | 1,809 | B |
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| 5851 Elder Dr | Single Family | 1,925 | B |
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| 5864 Albert Rd | Condominium | 1,375 | B |
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| 5855 Albert Rd | Condominium | 1,375 | B |
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| 5866 Albert Rd | Condominium | 1,375 | B |
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| 5853 Albert Rd | Condominium | 1,237 | B |
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| 5850 Albert Rd | Condominium | 1,237 | B |
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| 5852 Albert Rd | Condominium | 1,237 | B |
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| 2396 Daphne Dr | Condominium | 1,237 | B |
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| 2394 Daphne Dr | Condominium | 1,237 | B |
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| 5804 Elder Dr | Single Family | 1,094 | B |
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| 5878 Albert Rd | Condominium | 1,375 | B |
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| 5880 Albert Rd | Condominium | 1,237 | B |
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| 5815 Elder Dr | Single Family | 1,484 | B |
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| 5865 Elder Dr | Single Family | 2,271 | B |
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| 5843 Albert Rd | Condominium | 1,375 | B |
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| 5841 Albert Rd | Condominium | 1,237 | B |
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| 5836 Albert Rd | Condominium | 1,237 | B |
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| 5834 Albert Rd | Condominium | 1,375 | B |
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| 5892 Albert Rd | Condominium | 1,375 | B |
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| 5829 Albert Rd | Condominium | 1,375 | B |
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| 5805 Elder Dr | Single Family | 1,700 | B |
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| 5894 Albert Rd | Condominium | 1,237 | B |
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| 5838 Daphne Dr | Single Family | 1,561 | B |
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| 5792 Elder Dr | Single Family | 1,384 | B |
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| 5826 Daphne Dr | Single Family | 1,949 | B |
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| 5850 Daphne Dr | Single Family | 1,332 | B |
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| 5827 Albert Rd | Condominium | 1,375 | B |
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| 5822 Albert Rd | Condominium | 1,237 | B |
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| 2369 Daphne Dr | Single Family | 1,881 | B |
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| 2381 Daphne Dr | Single Family | 1,340 | B |
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| 5814 Daphne Dr | Single Family | 1,367 | B |
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| 5864 Daphne Dr | Single Family | 2,360 | B |
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| 2355 Daphne Dr | Single Family | 1,349 | B |
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| 2393 Daphne Dr | Single Family | 1,324 | B |
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| 5793 Elder Dr | Single Family | 1,213 | B |
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| 5820 Albert Rd | Condominium | 1,375 | B |
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| 5817 Albert Rd | Condominium | 1,237 | B |
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| 2343 Daphne Dr | Single Family | 1,309 | B |
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| 5802 Daphne Dr | Single Family | 1,542 | B |
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| 5772 Elder Dr | Single Family | 2,251 | B |
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| 5779 Albert Rd | Single Family | 1,448 | B |
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| 5815 Albert Rd | Condominium | 1,237 | B |
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| 5920 Albert Rd | Condominium | 1,375 | 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 67 of all properties in this area. This suggests it would appeal to someone earning around $62,871 per year who should qualify for a mortgage between $125,742 and $157,178.
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 67 of all properties in this area. This corresponds to a rent of $1,139 per month and a monthly household income of $3,175 ($38,100 per year)
Nearby Companies
5880 Albert Rd
5863 South Rue Rd
5863 S Rue Rd
5861 South Rue Rd
5861 South Rue Rd
5841 Albert Rd
5836 Albert Rd
5792 Albert Rd
5773 Elder Dr
5773 Elder Dr
5839 Daphne Dr
5863 Daphne Dr
5863 Daphne Dr
5935 Albert Rd
2329 Daphne Dr
2329 Daphne Dr
5865 Elder Dr
5889 S Rue Rd