4716 Summit 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 | |
|---|---|---|---|---|
| 4718 Summit Blvd | Condominium | 1,130 | B |
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| 4724 Summit Blvd | Condominium | 1,130 | B |
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| 4726 Summit Blvd | Condominium | 1,130 | B |
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| 4714 Summit Blvd | Condominium | 1,130 | B |
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| 4722 Summit Blvd | Condominium | 1,130 | B |
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| 4710 Summit Blvd | Condominium | 1,130 | B |
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| 4708 Summit Blvd | Condominium | 1,130 | B |
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| 4732 Summit Blvd | Condominium | 1,130 | B |
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| 4734 Summit Blvd | Condominium | 1,130 | B |
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| 4730 Summit Blvd | Condominium | 1,130 | B |
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| 4706 Summit Blvd | Condominium | 1,130 | B |
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| 4785 Summit Blvd | Single Family | 1,244 | B |
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| 4765 Summit Blvd | Single Family | 1,324 | B |
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| 1010 Mango Dr | Single Family | 1,103 | B |
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| 4700 Summit Blvd | Condominium | 1,130 | B |
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| 4702 Summit Blvd | Condominium | 1,130 | B |
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| 4694 Summit Blvd | Condominium | 1,130 | B |
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| 4698 Summit Blvd | Condominium | 1,130 | B |
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| 1021 Mango Dr | Single Family | 3,234 | B |
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| 4690 Summit Blvd | Condominium | 1,130 | B |
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| 4692 Summit Blvd | Condominium | 1,130 | B |
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| 1020 Mango Dr | Single Family | 1,325 | B |
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| 958 Montego Dr | Single Family | 1,207 | B |
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| 959 Mango Dr | Single Family | 1,476 | B |
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| 4684 Summit Blvd | Condominium | 1,130 | B |
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| 4686 Summit Blvd | Condominium | 1,130 | B |
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| 965 Montego Dr | Single Family | 1,209 | B |
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| 972 Mango Dr | Multi-family - less than 10 units | 2,697 | B |
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| 4682 Summit Blvd | Condominium | 1,130 | B |
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| 4678 Summit Blvd | Condominium | 1,130 | B |
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| 1031 Mango Dr | Multi-family - less than 10 units | 1,259 | C |
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| 959 Montego Dr | Single Family | 1,226 | B |
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| 942 Montego Dr | Single Family | 1,514 | B |
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| 1030 Mango Dr | Single Family | 1,347 | B |
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| 943 Mango Dr | Single Family | 1,341 | B |
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| 940 Mango Dr | Single Family | 1,369 | B |
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| 4835 Summit Blvd | Single Family | 1,273 | B |
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| 4674 Summit Blvd | Condominium | 1,130 | B |
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| 4670 Summit Blvd | Condominium | 1,714 | B |
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| 4676 Summit Blvd | Condominium | 1,130 | B |
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| 1033 Mango Dr | Mobile Home | 794 | B |
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| 943 Montego Dr | Single Family | 1,873 | B |
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| 958 Jamaican Dr | Single Family | 1,349 | B |
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| 928 Montego Dr | Single Family | 1,674 | B |
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| 927 Mango Dr | Single Family | 1,548 | B |
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| 1050 Mango Dr | Single Family | 1,278 | B |
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| 4662 Summit Blvd | Condominium | 1,130 | B |
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| 4664 Summit Blvd | Condominium | 1,130 | B |
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| 4660 Summit Blvd | Condominium | 1,130 | 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 12 of all properties in this area. This suggests it would appeal to someone earning around $16,332 per year who should qualify for a mortgage between $32,664 and $40,830.
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 12 of all properties in this area. This corresponds to a rent of $697 per month and a monthly household income of $1,872 ($22,464 per year)
Nearby Companies
4692 Summit Blvd
4724 Summit Blvd
4701 Summit Blvd
958 Jamaican Dr