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 
415 Chipewyan Dr Single Family 1,170 C
564 Sioux Rd Single Family 1,129 C
559 Sioux Rd Single Family 893 C
411 Chipewyan Dr Single Family 1,176 C
555 Sioux Rd Single Family 1,579 C
420 Chipewyan Dr Single Family 864 C
563 Sioux Rd Single Family 1,437 C
6104 Chipewyan Dr Single Family 1,266 C
428 Chipewyan Dr Single Family 1,117 C
416 Chipewyan Dr Single Family 965 B
551 Sioux Rd Single Family 929 C
568 Sioux Rd Single Family 792 C
567 Sioux Rd Single Family 1,226 C
571 Owosso Rd Single Family 804 C
412 Chipewyan Dr Single Family 958 C
3805 Sioux Rd Single Family 1,235 C
578 Tallulah Rd Single Family 878 C
571 Sioux Rd Single Family 792 C
576 Tallulah Rd Single Family 1,332 C
575 Owosso Rd Single Family 1,350 C
580 Tallulah Rd Single Family 1,656 C
544 Sioux Rd Single Family 1,220 C
572 Sioux Rd Single Family 1,501 C
574 Tallulah Rd Single Family 1,829 C
419 Tuskegee Dr Single Family 929 C
408 Chipewyan Dr Single Family 1,164 C
423 Tuskegee Dr Single Family 978 C
582 Tallulah Rd Single Family 780 C
415 Tuskegee Dr Single Family 1,248 B
427 Tuskegee Dr Single Family 1,123 C
575 Sioux Rd Single Family 1,190 C
545 Sioux Rd Single Family 864 C
572 Tallulah Rd Single Family 978 C
411 Tuskegee Dr Single Family 954 C
584 Tallulah Rd Single Family 1,940 C
576 Sioux Rd Single Family 912 C
579 Owosso Rd Single Family 792 C
431 Tuskegee Dr Single Family 1,302 C
407 Tuskegee Dr Single Family 1,324 C
579 Sioux Rd Single Family 888 C
586 Tallulah Rd Single Family 1,616 C
570 Tallulah Rd Single Family 798 C
567 Owosso Rd Single Family 1,519 C
543 Sioux Rd Single Family 1,541 C
580 Sioux Rd Single Family 1,010 C
560 Chipewyan Dr Single Family 1,050 C
583 Owosso Rd Single Family 1,406 C
579 Tallulah Rd Single Family 1,127 C
577 Tallulah Rd Single Family 876 C

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 17 of all properties in this area. This suggests it would appeal to someone earning around $23,201 per year who should qualify for a mortgage between $46,402 and $58,003.

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 17 of all properties in this area. This corresponds to a rent of $759 per month and a monthly household income of $1,944 ($23,328 per year)

Nearby Companies

C.R.E Installers, LLC
423 Tuskegee Dr
Sanchez Scrapper LLC
500 Tallulah Rd
Disclaimers and Disclosures

Public Records Data

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