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:

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

AddressTypeSq FtClass 
6760 S Congress Ave Single Family 1,383 B
6747 Massachusetts Dr Single Family 1,498 B
6767 Massachusetts Dr Single Family 2,006 B
6733 Massachusetts Dr Single Family 1,498 B
6774 S Congress Ave Single Family 1,669 B
6775 Massachusetts Dr Single Family 1,506 B
6719 Massachusetts Dr Single Family 2,050 B
3019 Indian Trl Single Family 1,553 B
6788 S Congress Ave Single Family 1,481 B
3020 Tropical Trl Single Family 1,561 B
3020 Indian Trl Single Family 2,223 B
6805 Massachusetts Dr Single Family 1,284 B
6705 Massachusetts Dr Single Family 1,374 B
6700 S Congress Ave Private school or college 5,624 B
6746 Massachusetts Dr Single Family 1,574 B
6734 Massachusetts Dr Single Family 1,584 B
6768 Massachusetts Dr Single Family 1,713 B
6802 S Congress Ave Single Family 1,703 B
3039 Indian Trl Single Family 1,884 B
6720 Massachusetts Dr Single Family 1,354 B
3019 Nautical Way Single Family 2,172 B
6821 Massachusetts Dr Single Family 1,162 B
6691 Massachusetts Dr Single Family 1,522 B
3040 Tropical Trl Single Family 1,695 B
3040 Indian Trl Single Family 2,209 B
3019 Tropical Trl Single Family 1,477 B
6788 Massachusetts Dr Single Family 2,085 B
6706 Massachusetts Dr Single Family 1,703 B
6816 S Congress Ave Vacant Residential 0 L
6747 Boston Dr Single Family 1,897 B
6761 Boston Dr Single Family 1,659 B
6817 Massachusetts Dr Single Family 1,238 B
6733 Boston Dr Single Family 1,548 B
6665 Massachusetts Dr Single Family 1,456 B
3039 Nautical Way Single Family 1,836 B
6802 Massachusetts Dr Single Family 1,908 B
3039 Tropical Trl Single Family 2,442 B
3059 Indian Trl Single Family 2,607 B
6775 Boston Dr Single Family 1,562 B
6692 Massachusetts Dr Single Family 1,714 B
6719 Boston Dr Single Family 1,600 C
3060 Tropical Trl Single Family 2,158 B
3060 Indian Trl Single Family 2,186 B
3020 Seagrape Rd Single Family 2,036 B
3020 Nautical Way Single Family 1,545 B
6789 Boston Dr Single Family 1,937 B
6705 Boston Dr Single Family 1,729 B
6830 S Congress Ave Single Family 1,668 B
6816 Massachusetts Dr Single Family 1,666 B

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 36 of all properties in this area. This suggests it would appeal to someone earning around $43,061 per year who should qualify for a mortgage between $86,122 and $107,653.

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 36 of all properties in this area. This corresponds to a rent of $939 per month and a monthly household income of $2,435 ($29,220 per year)

Nearby Companies

Smithwick LLC
3040 Nautical Way
Alt Consulting, LLC
3020 Indian Trl
365 Car Transport LLC
3020 Indian Trl
Hsbm, Inc.
6700 South Congress Ave
Whiz Kidz South, Inc.
6700 South Congress Ave
David Sheridan Construction LLC.
6775 Massachusetts Dr
Tactical Design Management LLC
6805 Massachusetts Dr
M R T Home Repairs Inc
6859 Massachusetts Dr
Erdx, LLC
6768 Massachusetts Dr
Powell Lawn Service, Inc.
6788 Massachusetts Dr
Disclaimers and Disclosures

Public Records Data

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