614 Nw 12th Ter, Boca Raton
Palm Beach County Real Estate - Boca Raton
Boca Raton is in South East Florida. It's population as recorded in the 2010 Census was 84,392.
The median age for residents of Boca Raton is 45.4. Around 22.8% of Boca Raton households include school aged children and 33.8% of households include individuals aged 65 years or over. Census records indicate 88.4% of the Boca Raton population are White, 5.2% are Black or African American, .1% American Indian, 2.4% Asian and 1.6% are Two or more Races.
There are 44,539 housing units in Boca Raton. 7,761 (17.4%) of these were reported as vacant in the 2010 Census. Boca Raton is a tourist destination, 64% (4,973) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 12,218 residential rental units in Boca Raton. 10,963 of them were occupied in 2010 providing a residential rental vacancy rate of 9.7%.
Boca Raton 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 | |
|---|---|---|---|---|
| 598 Nw 12th Ter | Single Family | 2,093 | B |
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| 636 Nw 12th Ter | Single Family | 2,007 | B |
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| 683 Nw 12th Rd | Single Family | 1,747 | B |
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| 671 Nw 12th Rd | Single Family | 1,655 | B |
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| 582 Nw 12th Ter | Single Family | 1,652 | B |
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| 691 Nw 12th Rd | Single Family | 1,326 | B |
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| 659 Nw 12th Rd | Single Family | 1,392 | B |
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| 656 Nw 12th Ter | Single Family | 1,589 | B |
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| 633 Nw 12th Ter | Single Family | 1,945 | B |
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| 615 Nw 12th Ter | Single Family | 1,829 | B |
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| 645 Nw 12th Ter | Single Family | 1,896 | B |
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| 647 Nw 12th Rd | Single Family | 2,169 | B |
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| 599 Nw 12th Ter | Single Family | 1,912 | B |
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| 678 Nw 12th Ter | Single Family | 1,340 | B |
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| 566 Nw 12th Ter | Single Family | 1,645 | B |
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| 674 Nw 12th Rd | Single Family | 2,471 | B |
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| 1248 Nw 7th St | Single Family | 1,900 | B |
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| 659 Nw 12th Ter | Single Family | 1,266 | B |
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| 583 Nw 12th Ter | Single Family | 1,614 | B |
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| 1256 Nw 7th St | Single Family | 1,338 | B |
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| 635 Nw 12th Rd | Single Family | 2,328 | B |
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| 548 Nw 13th Ave | Single Family | 1,566 | B |
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| 698 Nw 12th Rd | Single Family | 2,339 | B |
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| 532 Nw 13th Ave | Single Family | 2,228 | B |
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| 648 Nw 12th Rd | Single Family | 1,702 | B |
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| 1264 Nw 7th St | Single Family | 1,275 | B |
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| 549 Nw 12th Ter | Single Family | 1,301 | B |
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| 564 Nw 13th Ave | Single Family | 1,726 | B |
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| 671 Nw 12th Ter | Single Family | 2,671 | B |
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| 548 Nw 12th Ter | Single Family | 1,710 | B |
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| 1224 Nw 7th St | Single Family | 1,656 | B |
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| 516 Nw 13th Ave | Single Family | 1,292 | B |
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| 623 Nw 12th Rd | Single Family | 1,595 | B |
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| 624 Nw 12th Rd | Single Family | 2,309 | B |
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| 580 Nw 13th Ave | Single Family | 1,864 | B |
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| 685 Nw 12th Ter | Single Family | 1,702 | B |
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| 1216 Nw 7th St | Single Family | 1,423 | B |
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| 1271 Nw 5th St | Single Family | 1,460 | B |
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| 1285 Nw 5th St | Single Family | 1,571 | B |
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| 1257 Nw 5th St | Single Family | 1,843 | B |
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| 532 Nw 12th Ter | Single Family | 1,747 | B |
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| 500 Nw 13th Ave | Single Family | 1,773 | B |
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| 699 Nw 12th Ter | Single Family | 2,413 | B |
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| 1249 Nw 7th St | Single Family | 1,482 | B |
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| Nw 12th Ave | Municipal Owned | 0 | L | |
| 1241 Nw 7th St | Single Family | 1,583 | B |
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| 598 Nw 13th Ave | Single Family | 2,075 | B |
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| 1257 Nw 7th St | Single Family | 1,908 | B |
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| 1208 Nw 7th St | Single Family | 1,790 | 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 23 of all properties in this area. This suggests it would appeal to someone earning around $48,444 per year who should qualify for a mortgage between $96,888 and $121,110.
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 23 of all properties in this area. This corresponds to a rent of $1,076 per month and a monthly household income of $3,474 ($41,688 per year)
Nearby Companies
656 Nw 12th Ter
698 Nw 12th Rd
1257 Nw 5th St
566 Nw 12th Ter
566 Nw 12th Ter
566 Nw 12th Ter
1224 Nw 7th St
516 Nw 12th Ter
647 Nw 12th Rd
635 Nw 12th Rd