3669 Collinwood Ln, West Palm Beach
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:
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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 | |
|---|---|---|---|---|
| 3675 Collinwood Ln | Single Family | 1,853 | B |
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| 3663 Collinwood Ln | Single Family | 1,853 | B |
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| 3681 Collinwood Ln | Single Family | 1,401 | B |
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| 3657 Collinwood Ln | Single Family | 1,853 | B |
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| 3687 Collinwood Ln | Single Family | 1,401 | B |
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| 3738 Timberline Dr | Undefined - Reserved for Use by Department of Revenue | 298 | B |
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| 3651 Collinwood Ln | Single Family | 1,901 | B |
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| 3693 Collinwood Ln | Single Family | 1,593 | B |
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| 3645 Collinwood Ln | Single Family | 1,593 | B |
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| 3699 Collinwood Ln | Single Family | 1,853 | B |
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| 3639 Collinwood Ln | Single Family | 1,901 | B |
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| 3633 Collinwood Ln | Single Family | 1,593 | B |
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| 3705 Collinwood Ln | Single Family | 1,833 | B |
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| 3627 Collinwood Ln | Single Family | 1,901 | B |
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| 3672 Timberline Dr | Single Family | 1,593 | B |
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| 3678 Timberline Dr | Single Family | 1,353 | B |
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| 3666 Timberline Dr | Single Family | 1,901 | B |
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| 3684 Timberline Dr | Single Family | 1,353 | B |
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| 3660 Timberline Dr | Single Family | 1,593 | B |
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| 3717 Collinwood Ln | Single Family | 1,401 | B |
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| 3690 Timberline Dr | Single Family | 1,593 | B |
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| 3621 Collinwood Ln | Single Family | 1,853 | B |
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| 3654 Timberline Dr | Single Family | 1,293 | B |
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| 3696 Timberline Dr | Single Family | 1,853 | B |
|
| 3702 Timberline Dr | Single Family | 1,401 | B |
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| 3723 Collinwood Ln | Single Family | 1,353 | B |
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| 3615 Collinwood Ln | Single Family | 1,593 | B |
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| 3708 Timberline Dr | Single Family | 1,353 | B |
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| 3648 Timberline Dr | Single Family | 1,401 | B |
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| 3729 Collinwood Ln | Single Family | 1,833 | B |
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| 3609 Collinwood Ln | Single Family | 1,353 | B |
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| 3642 Timberline Dr | Single Family | 1,353 | B |
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| 3735 Collinwood Ln | Single Family | 1,593 | B |
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| 3714 Timberline Dr | Single Family | 1,593 | B |
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| 3635 N Mountain Dr | Single Family | 1,680 | B |
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| 3720 Timberline Dr | Single Family | 1,593 | B |
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| 3636 Timberline Dr | Single Family | 1,853 | B |
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| 3726 Timberline Dr | Single Family | 1,641 | B |
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| 3676 Collin Dr | Store, one story | 16,000 | B |
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| 3630 Timberline Dr | Single Family | 1,593 | B |
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| 3732 Timberline Dr | Single Family | 1,593 | B |
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| 1127 W Mountain Dr | Single Family | 1,688 | B |
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| 3603 Collinwood Ln | Single Family | 1,596 | B |
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| 3597 Collinwood Ln | Single Family | 1,738 | B |
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| 3624 Timberline Dr | Single Family | 1,901 | B |
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| 3623 N Mountain Dr | Single Family | 1,784 | B |
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| 3618 Timberline Dr | Single Family | 1,593 | B |
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| 3591 Collinwood Ln | Single Family | 1,444 | B |
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Local Household Income
The median household income in this part of Florida is $45,914. The bottom 10% of the population earn less than $15,196 per year. The top 10% earn more than $110,931 per year. The top 1% earn more than $275,274 per year. Most renters earn between $27,132 (20th percentile) and $44,184 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $91,828 and $114,785.
The tax assessed value of this property places it in percentile 43 of all properties in this area. This suggests it would appeal to someone earning around $40,075 per year who should qualify for a mortgage between $80,150 and $100,188.
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 $1,048. Most renters earn between $2,261 and $3,682 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $816 (20th percentile) to $1,318 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 43 of all properties in this area. This corresponds to a rent of $1,002 per month and a monthly household income of $2,766 ($33,192 per year)
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