1131 Summit Place Cir, 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 | |
---|---|---|---|---|
1141 Summit Place Cir | Single Family | 1,332 | B | |
1121 Summit Place Cir | Single Family | 1,332 | B | |
1130 Summit Place Cir | Single Family | 1,332 | B | |
1151 Summit Place Cir | Single Family | 1,332 | B | |
1226 Winding Rose Way | Single Family | 2,395 | B | |
1218 Winding Rose Way | Single Family | 1,945 | B | |
1160 Summit Place Cir | Single Family | 1,332 | B | |
1234 Winding Rose Way | Single Family | 1,925 | B | |
1111 Summit Place Cir | Single Family | 1,332 | B | |
1242 Winding Rose Way | Single Family | 2,140 | B | |
1210 Winding Rose Way | Single Family | 2,350 | B | |
1250 Winding Rose Way | Single Family | 1,925 | B | |
1202 Winding Rose Way | Single Family | 2,384 | B | |
1110 Summit Place Cir | Single Family | 1,332 | B | |
1258 Winding Rose Way | Single Family | 2,350 | B | |
1194 Winding Rose Way | Single Family | 1,819 | B | |
1197 Pitusa Ct | Single Family | 1,332 | B | |
1266 Winding Rose Way | Single Family | 2,350 | B | |
1186 Winding Rose Way | Single Family | 1,945 | B | |
1161 Summit Place Cir | Single Family | 1,332 | B | |
1179 Pitusa Ct | Single Family | 1,332 | B | |
1274 Winding Rose Way | Single Family | 1,764 | B | |
1178 Winding Rose Way | Single Family | 2,203 | B | |
5047 Rambler Rose Way | Single Family | 2,219 | B | |
1101 Summit Place Cir | Single Family | 1,332 | B | |
5046 Rambler Rose Way | Single Family | 1,945 | B | |
1243 Winding Rose Way | Single Family | 1,925 | B | |
1170 Winding Rose Way | Single Family | 2,350 | B | |
1251 Winding Rose Way | Single Family | 2,384 | B | |
1100 Summit Place Cir | Single Family | 1,332 | B | |
5055 Rambler Rose Way | Single Family | 2,350 | B | |
1259 Winding Rose Way | Single Family | 2,140 | B | |
1187 Winding Rose Way | Single Family | 1,945 | B | |
1162 Winding Rose Way | Single Family | 2,350 | B | |
1232 Pitusa Ct | Single Family | 1,332 | B | |
5054 Rambler Rose Way | Single Family | 1,995 | B | |
1267 Winding Rose Way | Single Family | 1,925 | B | |
1171 Summit Place Cir | Single Family | 1,332 | B | |
1179 Winding Rose Way | Single Family | 2,350 | B | |
1178 Pitusa Ct | Single Family | 1,332 | B | |
1154 Winding Rose Way | Single Family | 1,764 | B | |
5063 Rambler Rose Way | Single Family | 2,395 | B | |
1275 Winding Rose Way | Single Family | 2,384 | B |
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 37 of all properties in this area. This suggests it would appeal to someone earning around $35,645 per year who should qualify for a mortgage between $71,290 and $89,113.
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 37 of all properties in this area. This corresponds to a rent of $955 per month and a monthly household income of $2,678 ($32,136 per year)
Nearby Companies
1090 Summit Place Cir
1178-C Pitusa Ct
1210 Summit Place Cir
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Crosley Master Association
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980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
980 N Military Trl
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1202 Winding Rose Way
1202 Winding Rose Way
Crosley Master Association
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5596 Azalea Cir
1242 Winding Rose Way