2451 Nw 59th St, Boca Raton
Palm Beach County Real Estate - Loxahatchee
Loxahatchee is in South East Florida. Loxahatchee is approximately 43 miles from Miami (population 399,457) and around 39 miles from Hialeah (population 224,669).
Loxahatchee 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 | |
|---|---|---|---|---|
| 2461 Nw 59th St | Condominium | 2,038 | B |
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| 2464 Nw 59th St | Condominium | 2,038 | B |
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| 2441 Nw 59th St | Condominium | 2,038 | B |
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| 2471 Nw 59th St | Condominium | 2,038 | B |
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| 2454 Nw 59th St | Condominium | 2,038 | B |
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| 2481 Nw 59th St | Condominium | 2,038 | B |
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| 2444 Nw 59th St | Condominium | 2,038 | B |
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| 2434 Nw 59th St | Condominium | 2,038 | B |
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| 2491 Nw 59th St | Condominium | 2,038 | B |
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| 2431 Nw 59th St | Condominium | 2,038 | B |
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| 2424 Nw 59th St | Condominium | 2,038 | B |
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| 2421 Nw 59th St | Condominium | 2,038 | B |
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| 2450 Nw 59th St | Undefined - Reserved for Use by Department of Revenue | 290 | B |
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| 2411 Nw 59th St | Condominium | 2,038 | B |
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| 2507 Nw 59th St | Single Family | 5,019 | A |
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| 2513 Nw 59th St | Single Family | 3,689 | A |
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Local Household Income
The median household income in this part of Florida is $95,812. The bottom 10% of the population earn less than $27,707 per year. The top 10% earn more than $356,660 per year. The top 1% earn more than $682,110 per year. Most renters earn between $39,432 (20th percentile) and $73,884 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $191,624 and $239,530.
The tax assessed value of this property places it in percentile 39 of all properties in this area. This suggests it would appeal to someone earning around $73,486 per year who should qualify for a mortgage between $146,972 and $183,715.
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 $1,432. Most renters earn between $3,286 and $6,157 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $1,042 (20th percentile) to $2,015 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 39 of all properties in this area. This corresponds to a rent of $1,281 per month and a monthly household income of $4,101 ($49,212 per year)
Nearby Companies
2491 Nw 59 Th St
2507 Nw 59th St
2431 Nw 59 Street