5600 Rico Dr, 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 | |
|---|---|---|---|---|
| 5598 Rico Dr | Single Family | 2,582 | B |
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| 5640 Rico Dr | Single Family | 7,767 | A |
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| 5601 Rico Dr | Single Family | 2,556 | B |
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| 5601 Coastal Dr | Single Family | 3,807 | A |
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| 5599 Rico Dr | Single Family | 2,481 | B |
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| 5635 Rico Dr | Single Family | 2,512 | B |
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| 5599 Coastal Dr | Single Family | 2,397 | B |
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| 5635 Coastal Dr | Single Family | 5,903 | A |
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| 5567 Rico Dr | Single Family | 2,135 | B |
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| 5645 Rico Dr | Single Family | 3,376 | A |
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| 5550 Rico Dr | Single Family | 3,555 | A |
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| 5533 Rico Dr | Single Family | 2,292 | B |
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| 5549 Coastal Dr | Single Family | 3,765 | B |
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| 5630 Coastal Dr | Single Family | 4,029 | B |
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| 5600 Nassau Dr | Single Family | 2,171 | B |
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| 828 Havana Dr | Single Family | 2,642 | B |
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| 5598 Nassau Dr | Single Family | 2,756 | B |
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| 5630 Nassau Dr | Single Family | 2,203 | B |
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| 5600 Coastal Dr | Single Family | 6,127 | A |
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| 814 Havana Dr | Single Family | 2,445 | B |
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| 801 Newcastle St | Single Family | 4,990 | A |
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| 842 Havana Dr | Single Family | 5,172 | A |
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| 5660 Nassau Dr | Single Family | 2,032 | B |
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| 5560 Nassau Dr | Single Family | 3,448 | B |
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| 5598 Coastal Dr | Single Family | 5,303 | A |
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| 800 Havana Dr | Single Family | 2,083 | B |
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| 5501 Coastal Dr | Single Family | 4,909 | A |
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| 856 Havana Dr | Single Family | 4,034 | A |
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| 5501 Rico Dr | Single Family | 4,506 | B |
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| 5698 Nassau Dr | Single Family | 3,634 | A |
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| 798 Havana Dr | Single Family | 2,142 | B |
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| 5550 Coastal Dr | Single Family | 5,771 | A |
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| 780 Havana Dr | Single Family | 5,482 | A |
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| 761 Newcastle St | Single Family | 3,374 | B |
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| 5601 Nassau Dr | Single Family | 5,436 | A |
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| 5500 Coastal Dr | Single Family | 6,483 | A |
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| 5599 Nassau Dr | Single Family | 2,725 | B |
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| 5629 Nassau Dr | Single Family | 3,538 | A |
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| 829 Havana Dr | Single Family | 4,003 | A |
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| 815 Havana Dr | Single Family | 2,302 | B |
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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 92 of all properties in this area. This suggests it would appeal to someone earning around $384,077 per year who should qualify for a mortgage between $768,154 and $960,193.
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 92 of all properties in this area. This corresponds to a rent of $2,615 per month and a monthly household income of $8,822 ($105,864 per year)
Nearby Companies
5659 Nassau Dr
5659 Nassau Dr
5699 Nassau Dr
5699 Nassau Dr
5699 Nassau Dr
5699 Nassau Dr
5599 Nassau Dr
5533 Rico Dr
5645 Rico Dr
5645 Rico Dr
5601 Rico Dr
5601 Rico Dr
5601 Rico Dr
5601 Rico Dr
5601 Rico Dr
5601 Rico Dr
5550 Rico Dr
5550 Rico Dr
815 Havana Dr
815 Havana Dr
815 Havana Dr
828 Havana Dr
828 Havana Dr
5600 Coastal Dr