759 Bailey 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 | |
|---|---|---|---|---|
| 775 Bailey St | Single Family | 2,498 | B |
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| 628 Bailey St | Vacant Residential | 0 | L | |
| 7040 W Palmetto Park Rd Ste 4 100 | Vacant Residential | 0 | L | |
| 631 Bailey St | Single Family | 1,779 | B |
|
| 776 Bailey St | Vacant Residential | 0 | L | |
| 750 Bailey St | Single Family | 2,937 | B |
|
| 799 Bailey St | Single Family | 2,701 | B |
|
| 790 Bailey St | Single Family | 2,609 | B |
|
| 7040 W Palmetto Park Rd # 4100 | Vacant Residential | 0 | L | |
| 800 Bailey St | Single Family | 2,570 | B |
|
| 860 Bailey St | Single Family | 4,271 | A |
|
| 7898 N Federal Hwy | Vacant Commercial | 0 | L | |
| 7940 N Federal Hwy | Mixed use - store and office or store and residential or residential combination | 14,041 | B |
|
| 818 Bailey St | Single Family | 2,340 | B |
|
| 819 Bailey St | Single Family | 7,552 | A |
|
| 633 Eddy St | Single Family | 1,593 | B |
|
| 635 Eddy St | Single Family | 2,339 | B |
|
| 830 Bailey St | Single Family | 2,577 | B |
|
| 631 Eddy St | Single Family | 959 | B |
|
| 627 Eddy St | Single Family | 1,301 | B |
|
| 637 Eddy St | Vacant Residential | 0 | L | |
| 862 Bailey St | Single Family | 4,855 | B |
|
| 829 Bailey St | Single Family | 4,624 | A |
|
| 7867 N Federal Hwy | Store, one story | 15,486 | B |
|
| 7750 N Federal Hwy | Vacant Commercial | 0 | L | |
| 623 Eddy St | Single Family | 1,008 | B |
|
| 8000 N Federal Hwy | Office building, non-professional service building, multi-story | 26,476 | B |
|
| 7887 N Federal Hwy | Mixed use - store and office or store and residential or residential combination | 85,298 | B |
|
| 850 Bailey St | Single Family | 3,031 | 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 41 of all properties in this area. This suggests it would appeal to someone earning around $76,661 per year who should qualify for a mortgage between $153,322 and $191,653.
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 41 of all properties in this area. This corresponds to a rent of $1,312 per month and a monthly household income of $4,175 ($50,100 per year)
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