640 Ocean Inlet Dr, 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 | |
|---|---|---|---|---|
| 634 Ocean Inlet Dr | Single Family | 1,837 | B |
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| 646 Ocean Inlet Dr | Single Family | 2,010 | B |
|
| 706 Ocean Inlet Dr | Single Family | 1,624 | B |
|
| 645 Ocean Inlet Dr | Single Family | 1,655 | B |
|
| 620 Ocean Inlet Dr | Single Family | 2,642 | B |
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| 639 Ocean Inlet Dr | Single Family | 1,714 | B |
|
| 651 Ocean Inlet Dr | Single Family | 1,520 | B |
|
| 641 Shore Dr | Single Family | 3,690 | B |
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| 633 Ocean Inlet Dr | Single Family | 1,655 | B |
|
| 635 Shore Dr | Single Family | 2,666 | B |
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| 647 Shore Dr | Single Family | 1,694 | B |
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| 705 Ocean Inlet Dr | Single Family | 1,987 | B |
|
| 621 Shore Dr | Single Family | 2,000 | B |
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| 712 Ocean Inlet Dr | Single Family | 1,759 | B |
|
| 705 Shore Dr | Single Family | 1,917 | B |
|
| 620 Ne 15th Pl | Single Family | 2,324 | B |
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| 711 Ocean Inlet Dr | Single Family | 1,324 | B |
|
| 630 Ne 15th Pl | Single Family | 2,059 | B |
|
| 610 Ne 15th Pl | Single Family | 2,069 | B |
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| 718 Ocean Inlet Dr | Single Family | 3,145 | B |
|
| 711 Shore Dr | Single Family | 2,601 | B |
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| 640 Ne 15th Pl | Single Family | 2,198 | B |
|
| 717 Ocean Inlet Dr | Single Family | 1,930 | B |
|
| 650 Ne 15th Pl | Single Family | 2,504 | B |
|
| 1550 N Federal Hwy | Store, one story | 16,772 | B |
|
| 3040 Murano Bay Dr | Single Family | 2,139 | B |
|
| 3030 Murano Bay Dr | Single Family | 1,863 | B |
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| 3020 Murano Bay Dr | Single Family | 1,863 | B |
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| 644 Shore Dr | Single Family | 1,745 | B |
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| 3010 Murano Bay Dr | Single Family | 1,863 | B |
|
| 638 Shore Dr | Single Family | 1,851 | B |
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| 650 Shore Dr | Single Family | 2,747 | B |
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| 3000 Murano Bay Dr | Single Family | 2,226 | B |
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| 724 Ocean Inlet Dr | Single Family | 1,716 | B |
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| 632 Shore Dr | Single Family | 3,245 | B |
|
| Shore Hwy | Vacant Residential | 0 | L | |
| 706 Shore Dr | Single Family | 1,848 | B |
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| 660 Ne 15th Pl | Single Family | 2,340 | B |
|
| 4000 Murano Bay Dr | Single Family | 1,863 | B |
|
| 725 Ocean Inlet Dr | Single Family | 1,854 | B |
|
| 712 Shore Dr | Single Family | 3,655 | B |
|
| 725 Shore Dr | Single Family | 2,440 | B |
|
| 4010 Murano Bay Dr | Single Family | 2,164 | B |
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| 2040 Murano Bay Dr | Single Family | 2,139 | B |
|
| 670 Ne 15th Pl | Single Family | 2,304 | B |
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| 730 Ocean Inlet Dr | Single Family | 2,201 | B |
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| 2030 Murano Bay Dr | Single Family | 1,863 | B |
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| 4020 Murano Bay Dr | Single Family | 1,863 | 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 97 of all properties in this area. This suggests it would appeal to someone earning around $409,266 per year who should qualify for a mortgage between $818,532 and $1,023,165.
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 97 of all properties in this area. This corresponds to a rent of $3,014 per month and a monthly household income of $7,938 ($95,256 per year)
Nearby Companies
730 Ocean Inlet Dr
712 Shore Dr
712 Shore Dr
712 Shore Dr
712 Shore Dr
712 Shore Dr
712 Shore Dr
712 Shore Dr
638 Shore Dr
2010 Murano Bay Dr
641 Shore Dr
641 Shore Dr
641 Shore Dr
645 Ocean Inlet Dr
645 Ocean Inlet Dr
645 Ocean Inlet Dr
645 Ocean Inlet Dr
645 Ocean Inlet Dr
706 Ocean Inlet Dr
706 Ocean Inlet Dr
706 Ocean Inlet Dr
1550 N Federal Hwy
1550 N Federal Hwy
1550 N Federal Hwy
620 Ne 15th Pl
620 Ne 15th Pl
640 Ne 15th Pl
640 Ne 15th Pl