1401 Ne 2nd 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 | |
|---|---|---|---|---|
| 1407 Ne 2nd Ave | Single Family | 1,804 | B |
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| 213 Ne 14th St | Single Family | 1,221 | B |
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| 204 Ne 14th St | Single Family | 1,404 | B |
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| 1415 Ne 2nd Ave | Single Family | 1,862 | B |
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| 1402 Ne 2nd Ave | Single Family | 1,538 | B |
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| 219 Ne 14th St | Single Family | 1,628 | B |
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| 124 Heather Ln | Single Family | 2,467 | B |
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| 1313 Ne 2nd Ave | Single Family | 1,717 | B |
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| 216 Ne 14th St | Single Family | 1,159 | B |
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| 216 Ne 15th St | Single Family | 1,515 | B |
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| 1419 Ne 2nd Ave | Single Family | 1,494 | B |
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| 222 Ne 14th St | Single Family | 1,146 | B |
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| 115 Highland Ln | Single Family | 1,210 | B |
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| 124 Highland Ln | Single Family | 1,313 | B |
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| 225 Ne 14th St | Single Family | 1,487 | B |
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| 222 Ne 15th St | Single Family | 1,188 | B |
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| 118 Heather Ln | Single Family | 1,171 | B |
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| 121 Heather Ln | Single Family | 1,566 | A |
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| 228 Ne 14th St | Single Family | 1,242 | B |
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| 1303 Ne 2nd Ave | Single Family | 1,771 | B |
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| 228 Ne 15th St | Single Family | 1,179 | B |
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| 118 Highland Ln | Single Family | 1,216 | B |
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| 209 Ne 13th St | Multi-family - less than 10 units | 1,493 | B |
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| 109 Highland Ln | Single Family | 2,140 | B |
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| 231 Ne 14th St | Single Family | 1,700 | B |
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| 115 Heather Ln | Single Family | 1,690 | B |
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| 215 Ne 13th St | Single Family | 1,103 | B |
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| 112 Heather Ln | Single Family | 1,821 | B |
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| 1501 Ne 2nd Ave | Single Family | 1,194 | B |
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| 124 Bonnie Briar Ln | Single Family | 1,276 | B |
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| 219 Ne 13th St | Multi-family - less than 10 units | 1,541 | B |
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| 234 Ne 14th St | Single Family | 1,429 | B |
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| 234 Ne 15th St | Single Family | 1,126 | B |
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| 112 Highland Ln | Single Family | 1,862 | B |
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| 215 Ne 15th St | Single Family | 1,369 | B |
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| 109 Heather Ln | Single Family | 1,586 | B |
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| 225 Ne 13th St | Single Family | 1,211 | B |
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| 1300 Ne 2nd Ave | Single Family | 3,582 | A |
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| 237 Ne 14th St | Multi-family - less than 10 units | 1,446 | B |
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| 118 Bonnie Briar Ln | Single Family | 2,197 | B |
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| 105 Highland Ln | Single Family | 2,124 | B |
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| 221 Ne 15th St | Single Family | 1,722 | B |
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| 106 Heather Ln | Single Family | 2,275 | B |
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| 1511 Ne 2nd Ave | Single Family | 1,169 | B |
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| 240 Ne 15th St | Single Family | 1,242 | B |
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| 238 Ne 14th St | Single Family | 1,435 | B |
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| 106 Highland Ln | Single Family | 1,243 | B |
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| 229 Ne 13th St | Multi-family - less than 10 units | 3,372 | B |
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| 227 Ne 15th St | Multi-family - less than 10 units | 1,975 | 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 54 of all properties in this area. This suggests it would appeal to someone earning around $68,771 per year who should qualify for a mortgage between $137,542 and $171,928.
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 54 of all properties in this area. This corresponds to a rent of $1,286 per month and a monthly household income of $4,033 ($48,396 per year)
Nearby Companies
109 Highland Ln
124 Heather Ln
249 Ne 15th St
216 Ne 15th St
237 Ne 13th St
210 Ne 13th St
226 Ne 13th St
226 Ne 13th St
112 Highland Ln