5647 Nw 40th Ave, 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 | |
|---|---|---|---|---|
| 5625 Nw 40th Ave | Single Family | 2,914 | B |
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| 5669 Nw 40th Ave | Single Family | 2,209 | B |
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| 4000 Nw 57th St | Single Family | 2,332 | B |
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| 4034 Nw 57th St | Single Family | 2,852 | B |
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| 4056 Nw 57th St | Single Family | 2,914 | B |
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| 4078 Nw 57th St | Single Family | 2,852 | B |
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| 5656 Nw 40th Ave | Single Family | 2,852 | B |
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| 5634 Nw 40th Ave | Single Family | 2,914 | B |
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| 4094 Nw 57th St | Single Family | 2,332 | B |
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| 5678 Nw 40th Ave | Single Family | 2,209 | B |
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| 5612 Nw 40th Ave | Single Family | 2,852 | B |
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| 3990 Nw 57th St | Single Family | 2,332 | B |
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| 5600 Nw 40th Ave | Single Family | 2,209 | B |
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| 3978 Nw 57th St | Single Family | 2,332 | B |
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| 4156 Nw 55th Pl | Single Family | 3,424 | B |
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| 4178 Nw 55th Pl | Single Family | 3,462 | B |
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| 4132 Nw 55th Pl | Single Family | 3,798 | B |
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| 3956 Nw 57th St | Single Family | 3,010 | B |
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| 5735 Nw 40th Way | Single Family | 2,627 | B |
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| 4114 Nw 55th Pl | Single Family | 3,424 | B |
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| 5641 Nw 39th Ave | Single Family | 3,161 | B |
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| 5629 Nw 39th Ave | Single Family | 2,332 | B |
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| 5665 Nw 39th Ave | Single Family | 2,332 | B |
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| 3934 Nw 57th St | Single Family | 3,314 | B |
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| 5613 Nw 39th Ave | Single Family | 3,161 | B |
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| 4190 Nw 55th Pl | Single Family | 2,670 | B |
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| 5606 Nw 39th Ave | Single Family | 3,161 | B |
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| 5496 Nw 41st Ter | Single Family | 3,857 | B |
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| 5757 Nw 40th Way | Single Family | 3,161 | B |
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| 5601 Nw 39th Ave | Single Family | 3,161 | B |
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| 3912 Nw 57th St | Single Family | 2,332 | B |
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| 5773 Nw 40th Way | Single Family | 3,161 | B |
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| 5499 Nw 42nd Ave | Single Family | 3,445 | B |
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| 5700 Nw 42nd Ct | Single Family | 2,449 | B |
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| 5738 Nw 39th Way | Single Family | 2,332 | B |
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| 4167 Nw 55th Pl | Single Family | 2,670 | B |
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| 5494 Nw 41st Ter | Single Family | 3,138 | B |
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| 5710 Nw 42nd Ct | Single Family | 2,384 | B |
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| 5491 Nw 41st Ter | Single Family | 3,648 | B |
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| 5799 Nw 40th Way | Single Family | 2,332 | B |
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| 5755 Nw 40th Ter | Single Family | 2,670 | B |
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| 5756 Nw 39th Way | Single Family | 2,852 | B |
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| 5720 Nw 42nd Ct | Single Family | 2,708 | B |
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| 5493 Nw 42nd Ave | Single Family | 3,403 | B |
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| 5624 Nw 39th Ave | Single Family | 2,209 | B |
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| 5636 Nw 39th Ave | Single Family | 2,852 | B |
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| 5486 Nw 42nd Ave | Single Family | 3,400 | B |
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| 5658 Nw 39th Ave | Single Family | 2,914 | B |
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| 5770 Nw 39th Way | Single Family | 2,914 | B |
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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 44 of all properties in this area. This suggests it would appeal to someone earning around $83,220 per year who should qualify for a mortgage between $166,440 and $208,050.
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 44 of all properties in this area. This corresponds to a rent of $1,343 per month and a monthly household income of $4,226 ($50,712 per year)
Nearby Companies
3912 Nw 57th St
5696 Nw 39th Ave
5658 Nw 39 Ave
5494 Nw 41 Terrace
5494 Nw 41st Ter
5494 Nw 41st Ter
5494 Nw 41st Ter
5494 Nw 41st Ter
5494 Nw 41st Ter
5493 Nw 42nd Ave
5493 Nw 42nd Ave
5499 Nw 42 Avenue
5499 Nw 42nd Ave
5499 Nw 42nd Ave
5625 Nw 40th Ave
5647 Nw 40th Ave
5757 Nw 40th Way