361 Ocean Pkwy, Boynton Beach
Palm Beach County Real Estate - Boynton Beach
Boynton Beach is in South East Florida. It's population as recorded in the 2010 Census was 68,217.
The median age for residents of Boynton Beach is 41.9. Around 25% of Boynton Beach households include school aged children and 35.4% of households include individuals aged 65 years or over. Census records indicate 62.4% of the Boynton Beach population are White, 30.2% are Black or African American, .2% American Indian, 2.1% Asian and 2.1% are Two or more Races.
There are 36,289 housing units in Boynton Beach. 7,185 (19.7%) of these were reported as vacant in the 2010 Census. Boynton Beach is a tourist destination, 46.3% (3,330) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 11,388 residential rental units in Boynton Beach. 9,788 of them were occupied in 2010 providing a residential rental vacancy rate of 13.7%.
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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 | |
|---|---|---|---|---|
| 371 Ocean Pkwy | Single Family | 971 | B |
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| 351 Ocean Pkwy | Single Family | 1,231 | B |
|
| 350 Ne 28th Ct | Single Family | 961 | B |
|
| 311 Ocean Pkwy | Vacant Residential | 0 | L | |
| 375 Ocean Pkwy | Single Family | 1,445 | B |
|
| 310 Ne 28th Ct | Single Family | 1,262 | B |
|
| 301 Ocean Pkwy | Single Family | 844 | B |
|
| 390 Ocean Pkwy | Single Family | 1,092 | B |
|
| 300 Ne 28th Ct | Single Family | 1,158 | B |
|
| 350 Ocean Pkwy | Single Family | 936 | B |
|
| 400 Ocean Pkwy | Single Family | 1,121 | B |
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| 440 Ocean Pkwy | Vacant Residential | 0 | L | |
| 460 Ocean Pkwy | Single Family | 941 | B |
|
| 310 Ocean Pkwy | Single Family | 1,200 | B |
|
| 271 Ocean Pkwy | Single Family | 1,711 | B |
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| 371 Ne 28th Ct | Single Family | 980 | B |
|
| 270 Ne 28th Ct | Single Family | 863 | B |
|
| 480 Ocean Pkwy | Single Family | 1,430 | B |
|
| 351 Ne 28th Ct | Single Family | 863 | B |
|
| 300 Ocean Pkwy | Single Family | 1,320 | B |
|
| 2761 Ne 4th Ct | Single Family | 1,641 | B |
|
| 311 Ne 28th Ct | Single Family | 981 | B |
|
| 270 Ocean Pkwy | Single Family | 948 | B |
|
| 211 Ocean Pkwy | Single Family | 965 | B |
|
| 2770 Ne 4th Ct | Single Family | 991 | B |
|
| 301 Ne 28th Ct | Single Family | 844 | B |
|
| 210 Ne 28th Ct | Single Family | 980 | B |
|
| 2841 Ne 4th St | Single Family | 1,213 | B |
|
| 2861 Ne 4th St | Single Family | 1,596 | B |
|
| 351 Ne 27th Ct | Single Family | 1,229 | B |
|
| 311 Ne 27th Ct | Single Family | 1,190 | B |
|
| 2801 Ne 4th St | Single Family | 1,104 | B |
|
| 2891 Ne 4th St | Single Family | 1,074 | B |
|
| 2850 Ocean Pkwy | Single Family | 1,011 | B |
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| 371 Ne 27th Ct | Single Family | 1,700 | B |
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| 210 Ocean Pkwy | Single Family | 998 | B |
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| 271 Ne 28th Ct | Single Family | 1,260 | B |
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| 301 Ne 27th Ct | Single Family | 1,065 | B |
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| 2771 Ne 4th St | Single Family | 1,034 | B |
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| 2760 Ne 4th Ct | Single Family | 1,009 | B |
|
| 370 Miner Rd | Single Family | 1,154 | B |
|
| 201 Ocean Pkwy | Single Family | 926 | B |
|
| 350 Miner Rd | Single Family | 1,233 | B |
|
| 390 Miner Rd | Single Family | 1,026 | B |
|
| 200 Ne 28th Ct | Single Family | 1,015 | B |
|
| 310 Miner Rd | Single Family | 1,154 | B |
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| 291 Ne 27th Ct | Single Family | 984 | B |
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| 411 Ne 28th Ct | Single Family | 1,240 | B |
|
| 2761 Ne 4th St | Single Family | 1,031 | B |
|
Local Household Income
The median household income in this part of Florida is $67,505. The bottom 10% of the population earn less than $21,763 per year. The top 10% earn more than $196,896 per year. The top 1% earn more than $687,450 per year. Most renters earn between $37,044 (20th percentile) and $63,912 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $135,010 and $168,763.
The tax assessed value of this property places it in percentile 7 of all properties in this area. This suggests it would appeal to someone earning around $18,452 per year who should qualify for a mortgage between $36,904 and $46,130.
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 $1,237. Most renters earn between $3,087 and $5,326 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $977 (20th percentile) to $1,647 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 7 of all properties in this area. This corresponds to a rent of $789 per month and a monthly household income of $2,324 ($27,888 per year)
Nearby Companies
311 Ne 27th Ct
2761 Ne 4th Ct
2890 Ne 4th St
411 Ne 28th Ct
400 Miner Rd