604 Nw 7th St, 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 | |
|---|---|---|---|---|
| 602 Nw 7th St | Single Family | 2,203 | B |
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| 700 Nw 7th St | Single Family | 2,225 | B |
|
| 624 Gardenia Ter | Single Family | 2,395 | B |
|
| 618 Gardenia Ter | Single Family | 2,010 | B |
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| 615 Nw 7th St | Single Family | 2,424 | B |
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| 611 Nw 7th St | Single Family | 2,330 | B |
|
| 702 Gardenia Ter | Single Family | 3,793 | A |
|
| 600 Nw 7th St | Single Family | 2,385 | B |
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| 605 Nw 7th St | Single Family | 1,624 | B |
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| 750 Nw 7th St | Single Family | 3,901 | B |
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| 600 Gardenia Ter | Single Family | 2,107 | B |
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| 603 Nw 7th St | Single Family | 2,056 | B |
|
| Eldorado Ln | Vacant Residential | 0 | L | |
| 617 Eldorado Ln | Single Family | 2,102 | B |
|
| 710 Gardenia Ter | Single Family | 5,907 | B |
|
| 757 Nw 7th St | Single Family | 2,932 | B |
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| 629 Eldorado Ln | Single Family | 3,384 | B |
|
| 698 Lake Shore Dr | Single Family | 2,509 | B |
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| 611 Eldorado Ln | Single Family | 2,295 | B |
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| 520 Nw 7th St | Single Family | 4,071 | B |
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| 760 Nw 7th St | Single Family | 2,399 | B |
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| 800 Nw 6th Ave | Single Family | 1,618 | B |
|
| 702 Lake Shore Dr | Single Family | 3,766 | B |
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| 728 Lake Shore Dr | Single Family | 2,364 | B |
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| 709 Eldorado Ln | Single Family | 3,004 | B |
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| 518 Gardenia Ter | Single Family | 3,417 | B |
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| 519 Nw 7th St | Single Family | 1,872 | B |
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| 718 Gardenia Ter | Single Family | 3,164 | B |
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| 777 Nw 7th St | Single Family | 3,453 | B |
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| 734 Lake Shore Dr | Single Family | 3,584 | B |
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| 810 Nw 6th Ave | Single Family | 2,884 | B |
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| 622 Eldorado Ln | Single Family | 2,754 | B |
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| 618 Eldorado Ln | Single Family | 2,408 | B |
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| Nw 6th Ave | Vacant Residential | 0 | L | |
| 717 Eldorado Ln | Single Family | 2,295 | B |
|
| 702 Eldorado Ln | Single Family | 3,350 | B |
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| 881 Nw 6th Ave | Single Family | 2,937 | B |
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| 503 Nw 7th St | Single Family | 2,255 | B |
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| 510 Gardenia Ter | Single Family | 2,288 | B |
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| 602 Eldorado Ln | Single Family | 3,705 | B |
|
| 740 Lake Shore Dr | Single Family | 2,590 | B |
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| 710 Eldorado Ln | Single Family | 2,678 | B |
|
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 95 of all properties in this area. This suggests it would appeal to someone earning around $340,118 per year who should qualify for a mortgage between $680,236 and $850,295.
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 95 of all properties in this area. This corresponds to a rent of $3,014 per month and a monthly household income of $7,172 ($86,064 per year)
Nearby Companies
618 Gardenia Ter
520 Nw 7th St
520 Nw 7th St
520 Nw 7th St
604 Nw 7th St
602 Nw 7th St
602 Nw 7th St
729 Nw 9th St
618 Eldorado Ln
629 Eldorado Ln
717 Eldorado Ln
710 Gardenia Ter
710 Gardenia Ter
518 Gardenia Ter