825 W Royal Palm Rd, 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 | |
|---|---|---|---|---|
| 811 W Royal Palm Rd | Single Family | 2,194 | B |
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| 851 W Royal Palm Rd | Single Family | 1,395 | B |
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| 838 W Palmetto Park Rd | Single Family | 2,430 | B |
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| 828 W Palmetto Park Rd | Single Family | 1,801 | B |
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| 850 W Palmetto Park Rd | Single Family | 2,388 | B |
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| 824 W Royal Palm Rd | Single Family | 3,119 | B |
|
| 801 W Royal Palm Rd | Single Family | 2,447 | B |
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| 850 W Royal Palm Rd | Single Family | 2,850 | B |
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| 800 W Royal Palm Rd | Single Family | 2,113 | B |
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| 814 W Palmetto Park Rd | Single Family | 2,307 | B |
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| 51 Sw 8th Ter | Single Family | 1,417 | B |
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| 99 Sw 8th Ter | Single Family | 1,854 | B |
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| 125 Sw 8th Ave | Single Family | 2,579 | B |
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| 1 Sw 8th Ter | Single Family | 2,148 | B |
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| 802 W Palmetto Park Rd | Single Family | 2,251 | B |
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| 124 Sw 8th Ter | Single Family | 2,104 | B |
|
| 101 Sw 8th Ter | Single Family | 2,831 | B |
|
| 100 Sw 8th Ave | Single Family | 2,240 | B |
|
| 111 Sw 8th Ter | Single Family | 1,781 | B |
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| 120 Sw 8th Ave | Single Family | 2,268 | B |
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| 98 Sw 8th Ave | Single Family | 1,846 | B |
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| 792 W Palmetto Park Rd | Single Family | 2,419 | B |
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| 151 Sw 8th Ave | Single Family | 1,698 | B |
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| 150 Sw 8th Ter | Single Family | 1,481 | B |
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| 18 Sw 9th Ave | Single Family | 1,684 | B |
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| 28 Sw 9th Ave | Single Family | 1,840 | B |
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| 801 W Palmetto Park Rd | Cultural organization, facility | 12,441 | B |
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| 10 Sw 9th Ave | Single Family | 1,738 | B |
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| 36 Sw 9th Ave | Single Family | 1,612 | B |
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| 138 Sw 8th Ave | Single Family | 1,926 | B |
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| 90 Sw 8th Ave | Single Family | 2,261 | B |
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| 133 Sw 8th Ter | Single Family | 1,822 | B |
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| 46 Sw 9th Ave | Single Family | 1,626 | B |
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| 780 W Palmetto Park Rd | Single Family | 2,382 | B |
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| 175 Sw 8th Ave | Single Family | 2,016 | B |
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| 174 Sw 8th Ter | Single Family | 2,059 | B |
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| 854 Alamanda St | Single Family | 3,871 | B |
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| 54 Sw 9th Ave | Single Family | 1,931 | B |
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| 166 Sw 8th Ave | Single Family | 2,813 | B |
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| 161 Sw 8th Ter | Single Family | 2,480 | B |
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| 876 Alamanda St | Single Family | 2,432 | B |
|
| 757 Sw 2nd St | Single Family | 2,030 | B |
|
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
125 Sw 8th Ave
125 Sw 8th Ave
49 Sw 9 Avenue
120 Sw 8th Ave
120 Sw 8th Ave
120 Sw 8th Ave
801 W Royal Palm Rd
90 Southwest 8th Ave
99 Sw 8th Ter
99 Sw 8th Ter
811 W Royal Palm Rd
90 Sw 8th Ave
18 Sw 9th Ave