873 Ne 78th St, Boca Raton
Palm Beach County Real Estate - Delray Beach
Delray Beach is in South East Florida. It's population as recorded in the 2010 Census was 60,522.
The median age for residents of Delray Beach is 46. Around 19.8% of Delray Beach households include school aged children and 37.9% of households include individuals aged 65 years or over. Census records indicate 65.7% of the Delray Beach population are White, 28% are Black or African American, .2% American Indian, 1.8% Asian and 1.7% are Two or more Races.
There are 34,156 housing units in Delray Beach. 6,963 (20.3%) of these were reported as vacant in the 2010 Census. Delray Beach is a tourist destination, 54.9% (3,827) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 10,259 residential rental units in Delray Beach. 9,004 of them were occupied in 2010 providing a residential rental vacancy rate of 11.7%.
Delray Beach 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 | |
|---|---|---|---|---|
| 867 Ne 78th St | Single Family | 4,624 | A |
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| 879 Ne 78th St | Single Family | 3,639 | A |
|
| 878 Ne 78th St | Single Family | 3,046 | B |
|
| 884 Ne 78th St | Single Family | 3,272 | B |
|
| 861 Ne 78th St | Single Family | 2,868 | B |
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| 885 Ne 78th St | Single Family | 3,353 | A |
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| 872 Ne 78th St | Single Family | 6,092 | A |
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| 890 Ne 78th St | Single Family | 5,459 | A |
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| 872 Lilac Dr | Single Family | 3,721 | B |
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| 866 Ne 78th St | Single Family | 6,087 | A |
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| 866 Lilac Dr | Single Family | 5,517 | A |
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| 878 Lilac Dr | Single Family | 6,113 | A |
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| 855 Ne 78th St | Single Family | 3,363 | A |
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| 891 Ne 78th St | Single Family | 4,150 | A |
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| 860 Lilac Dr | Single Family | 5,621 | A |
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| 898 Ne Mulberry Dr | Vacant Residential | 0 | L | |
| 860 Ne 78th St | Single Family | 3,172 | B |
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| 890 Lilac Dr | Single Family | 5,927 | A |
|
| 885 Nafa Dr | Single Family | 3,058 | B |
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| 854 Lilac Dr | Single Family | 4,978 | A |
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| 879 Nafa Dr | Single Family | 2,633 | B |
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| 891 Nafa Dr | Single Family | 3,627 | A |
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| 849 Ne 78th St | Single Family | 3,854 | A |
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| 873 Nafa Dr | Single Family | 3,114 | A |
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| 898 Ne 78th St | Single Family | 7,311 | A |
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| 899 Ne 78th St | Single Family | 6,285 | A |
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| 854 Ne 78th St | Single Family | 4,327 | A |
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| 7850 Ne 8th Ct | Single Family | 3,432 | A |
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| 848 Lilac Dr | Single Family | 5,407 | A |
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| 896 Lilac Dr | Single Family | 7,067 | A |
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| 867 Nafa Dr | Single Family | 4,452 | A |
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| 899 Nafa Dr | Single Family | 6,262 | A |
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| 861 Nafa Dr | Single Family | 6,572 | A |
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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 94 of all properties in this area. This suggests it would appeal to someone earning around $417,904 per year who should qualify for a mortgage between $835,808 and $1,044,760.
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 94 of all properties in this area. This corresponds to a rent of $3,164 per month and a monthly household income of $9,005 ($108,060 per year)
Nearby Companies
878 Lilac Dr
890 Lilac Dr
890 Lilac Dr
898 Ne Mulberry Dr
898 Ne Mulberry Dr
898 Ne Mulberry Dr
866 Ne Mulberry Dr
873 Ne 78th St
873 Ne 78th St
873 Ne 78th St
873 Ne 78th St
885 Nafa Dr
891 Nafa Dr
891 Ne Mulberry Dr
891 Ne Mulberry Dr
899 Ne Mulberry Dr