408 Se 2nd 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%.
Delray Beach links:
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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 | |
|---|---|---|---|---|
| 203 Se 4th Ave | Single Family | 1,591 | B |
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| 202 Se 5th Ave | Mixed use - store and office or store and residential or residential combination | 2,067 | B |
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| 205 Se 4th Ave | Single Family | 1,739 | B |
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| 207 Se 4th Ave | Single Family | 1,736 | B |
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| 190 Se 5th Ave | Office building, non-professional service building, one story | 3,114 | B |
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| 232 Se 5th Ave | Vacant Commercial | 0 | L | |
| Se 4th Ave | Vacant Residential | 0 | L | |
| 202 Se 4th Ave | Single Family | 1,436 | B |
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| 210 Se 4th Ave | Single Family | 1,835 | B |
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| 214 Se 4th Ave | Multi-family - less than 10 units | 1,929 | B |
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| 211 Se 4th Ave | Vacant Residential | 1,956 | L |
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| 180 Se 5th Ave | Vacant Commercial | 0 | L | |
| 218 Se 4th Ave | Multi-family - less than 10 units | 1,479 | B |
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| 502 Se 2nd St | Mixed use - store and office or store and residential or residential combination | 1,446 | B |
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| 209 Se 5th Ave | Office building, non-professional service building, one story | 1,606 | B |
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| 250 Se 5th Ave | Multi-family - less than 10 units | 1,040 | B |
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| 224 Se 4th Ave | Multi-family - less than 10 units | 1,548 | B |
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| 215 Se 5th Ave | Mixed use - store and office or store and residential or residential combination | 3,328 | B |
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| 229 Se 4th Ave | Single Family | 1,192 | B |
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| 162 Se 5th Ave | Vacant Commercial | 0 | L | |
| 181 Se 5th Ave | Office building, non-professional service building, one story | 4,448 | B |
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| 235 Se 5th Ave | Office building, non-professional service building, one story | 2,309 | B |
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| 302 Se 2nd St | Office building, non-professional service building, one story | 784 | B |
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| 321 Se 2nd St | Utility | 65,902 | B |
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| 211 Se 3rd Ave | Multi-family - less than 10 units | 2,075 | B |
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| 230 Se 4th Ave | Single Family | 1,642 | B |
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| 252 Se 5th Ave | Mixed use - store and office or store and residential or residential combination | 912 | B |
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| 233 Se 4th Ave | Single Family | 1,474 | B |
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| 217 Se 3rd Ave | Single Family | 1,882 | B |
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| 173 Se 5th Ave | Multi-family - less than 10 units | 2,945 | B |
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| 152 Se 5th Ave | Mixed use - store and office or store and residential or residential combination | 2,361 | B |
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| 245 Se 5th Ave | Office building, non-professional service building, one story | 1,360 | B |
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| 219 Se 3rd Ave | Single Family | 1,619 | B |
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| 237 Se 4th Ave | Single Family | 2,272 | B |
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| 189 Se 3rd Ave | Office building, non-professional service building, one story | 9,225 | B |
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| 161 Se 5th Ave | Multi-family - less than 10 units | 1,672 | B |
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| 236 Se 4th Ave | Single Family | 960 | B |
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| 223 Se 3rd Ave | Multi-family - less than 10 units | 2,886 | B |
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| 272 Se 5th Ave | Mixed use - store and office or store and residential or residential combination | 2,868 | B |
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| 200 Se 6th Ave | Service station | 875 | B |
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| 142 Se 5th Ave | Mixed use - store and office or store and residential or residential combination | 4,069 | 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 36 of all properties in this area. This suggests it would appeal to someone earning around $44,582 per year who should qualify for a mortgage between $89,164 and $111,455.
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 36 of all properties in this area. This corresponds to a rent of $1,035 per month and a monthly household income of $3,189 ($38,268 per year)
Nearby Companies
142 Se 5th Ave
246 Se 4th Ave
207 Se 4th Ave
237 Se 4th Ave
190 Se 5th Ave
190 Se 5th Ave
190 Se 5th Ave
190 Se 5th Ave
190 Se 5th Ave
190 Se 5th Ave
190 Se 5th Ave
181 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
209 Se 5th Ave
245 Se 5th Ave
217 Se 3rd Ave