614 Nw 8th Ave, Delray Beach
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%.
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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 | |
|---|---|---|---|---|
| 620 Nw 8th Ave | Single Family | 4,990 | A |
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| 608 Nw 8th Ave | Single Family | 1,868 | B |
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| 702 Nw 8th Ave | Single Family | 2,270 | B |
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| 602 Nw 8th Ave | Single Family | 2,574 | B |
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| 760 Nw 7th St | Single Family | 2,399 | B |
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| 661 Anchor Pt | Single Family | 2,210 | B |
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| 860 Nw 8th Ave | Single Family | 1,961 | B |
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| 671 Anchor Pt | Single Family | 1,829 | B |
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| 651 Anchor Pt | Single Family | 2,005 | B |
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| 681 Anchor Pt | Single Family | 3,002 | B |
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| Nw 8th Ave | Single Family | 0 | B | |
| 777 Nw 7th St | Single Family | 3,453 | B |
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| 641 Anchor Pt | Single Family | 1,830 | B |
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| 718 Gardenia Ter | Single Family | 3,164 | B |
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| 631 Anchor Pt | Single Family | 3,633 | B |
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| 1015 Anchor Pt | Single Family | 3,384 | B |
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| 750 Nw 7th St | Single Family | 3,901 | B |
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| 526 Nw 8th Ave | Single Family | 2,387 | B |
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| 621 Anchor Pt | Single Family | 2,005 | B |
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| 802 Lake Shore Dr | Single Family | 3,256 | B |
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| 757 Nw 7th St | Single Family | 2,932 | B |
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| 717 Eldorado Ln | Single Family | 2,295 | B |
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| 710 Gardenia Ter | Single Family | 5,907 | B |
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| 611 Anchor Pt | Single Family | 2,301 | B |
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| 740 Lake Shore Dr | Single Family | 2,590 | B |
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| 1034 Anchor Pt | Single Family | 2,939 | B |
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| 1025 Anchor Pt | Single Family | 2,301 | B |
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| 601 Anchor Pt | Single Family | 1,979 | B |
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| 520 Nw 8th Ave | Single Family | 1,867 | B |
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| 700 Nw 7th St | Single Family | 2,225 | B |
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| 650 Anchor Pt | Single Family | 1,979 | B |
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| 709 Eldorado Ln | Single Family | 3,004 | B |
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| 830 Lake Shore Dr | Single Family | 2,915 | B |
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| 640 Anchor Pt | Single Family | 2,767 | B |
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| 734 Lake Shore Dr | Single Family | 3,584 | B |
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| 581 Anchor Pt | Single Family | 2,014 | B |
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| 702 Gardenia Ter | Single Family | 3,793 | A |
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| 630 Anchor Pt | Single Family | 1,979 | B |
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| 1044 Anchor Pt | Single Family | 1,979 | B |
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| 1035 Anchor Pt | Single Family | 2,939 | B |
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| 620 Anchor Pt | Single Family | 2,778 | B |
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| 514 Nw 8th Ave | Single Family | 1,867 | B |
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| 571 Anchor Pt | Single Family | 2,301 | B |
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| 720 Eldorado Ln | Single Family | 3,105 | B |
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| 610 Anchor Pt | Single Family | 1,995 | B |
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Local Household Income
The median household income in this part of Florida is $63,276. The bottom 10% of the population earn less than $20,292 per year. The top 10% earn more than $202,982 per year. The top 1% earn more than $628,408 per year. Most renters earn between $32,220 (20th percentile) and $62,628 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $126,552 and $158,190.
The tax assessed value of this property places it in percentile 91 of all properties in this area. This suggests it would appeal to someone earning around $218,839 per year who should qualify for a mortgage between $437,678 and $547,098.
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 $1,216. Most renters earn between $2,685 and $5,219 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $865 (20th percentile) to $1,775 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 91 of all properties in this area. This corresponds to a rent of $2,304 per month and a monthly household income of $6,529 ($78,348 per year)
Nearby Companies
1015 Anchor Pt
1015 Anchor Pt
1015 Anchor Pt
1015 Anchor Pt
1015 Anchor Pt
710 Gardenia Ter
710 Gardenia Ter
611 Anchor Pt
631 Anchor Pt