5241 Lakefront Blvd, Delray Beach
Palm Beach County Real Estate - Delray Beach
Delray Beach is in South East Florida. It's population as recorded in the 2010 Census was 60,522.
The median age for residents of Delray Beach is 46. Around 19.8% of Delray Beach households include school aged children and 37.9% of households include individuals aged 65 years or over. Census records indicate 65.7% of the Delray Beach population are White, 28% are Black or African American, .2% American Indian, 1.8% Asian and 1.7% are Two or more Races.
There are 34,156 housing units in Delray Beach. 6,963 (20.3%) of these were reported as vacant in the 2010 Census. Delray Beach is a tourist destination, 54.9% (3,827) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 10,259 residential rental units in Delray Beach. 9,004 of them were occupied in 2010 providing a residential rental vacancy rate of 11.7%.
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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 | |
|---|---|---|---|---|
| 5253 Lakefront Blvd | Condominium | 1,186 | B |
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| 5229 Lakefront Blvd | Condominium | 1,186 | B |
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| 5265 Lakefront Blvd | Condominium | 1,186 | B |
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| 5289 Lakefront Blvd | Condominium | 1,186 | B |
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| 5349 Lakefront Blvd | Condominium | 1,186 | B |
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| 5277 Lakefront Blvd | Condominium | 1,186 | B |
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| 5301 Lakefront Blvd | Condominium | 1,186 | B |
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| 5337 Lakefront Blvd | Condominium | 1,186 | B |
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| 5313 Lakefront Blvd | Condominium | 1,186 | B |
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| 5325 Lakefront Blvd | Condominium | 1,186 | B |
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| 14285 Nesting Way | Condominium | 1,186 | B |
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| 14295 Nesting Way | Condominium | 1,186 | B |
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| 14265 Nesting Way | Condominium | 1,186 | B |
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| 14275 Nesting Way | Condominium | 1,186 | B |
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| 14215 Nesting Way | Condominium | 1,186 | B |
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| 14225 Nesting Way | Condominium | 1,186 | B |
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| 5248 Lakefront Blvd | Condominium | 1,186 | B |
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| 14235 Nesting Way | Condominium | 1,186 | B |
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| 14245 Nesting Way | Condominium | 1,186 | B |
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| 14210 Nesting Way | Condominium | 1,186 | B |
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| 14255 Nesting Way | Condominium | 1,186 | B |
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| 5264 Lakefront Blvd | Condominium | 1,186 | B |
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| 5445 Lakefront Blvd | Condominium | 1,186 | B |
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| 5440 Lakefront Blvd | Condominium | 1,186 | B |
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| 5280 Lakefront Blvd | Condominium | 1,068 | B |
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| 5424 Lakefront Blvd | Condominium | 1,186 | B |
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| 5433 Lakefront Blvd | Condominium | 1,186 | B |
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| 5421 Lakefront Blvd | Condominium | 1,186 | B |
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Local Household Income
The median household income in this part of Florida is $58,828. The bottom 10% of the population earn less than $15,713 per year. The top 10% earn more than $151,965 per year. The top 1% earn more than $508,812 per year. Most renters earn between $24,120 (20th percentile) and $44,712 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $117,656 and $147,070.
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 $17,928 per year who should qualify for a mortgage between $35,856 and $44,820.
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 $1,028. Most renters earn between $2,010 and $3,726 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $781 (20th percentile) to $1,371 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 12 of all properties in this area. This corresponds to a rent of $705 per month and a monthly household income of $1,757 ($21,084 per year)
Nearby Companies
5241 Lakefront Blvd
5325 Lakefront Blvd