940 Kokomo Key Ln, 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 | |
|---|---|---|---|---|
| 938 Kokomo Key Ln | Single Family | 1,244 | B |
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| 942 Kokomo Key Ln | Single Family | 1,331 | B |
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| 936 Kokomo Key Ln | Single Family | 1,244 | B |
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| 944 Kokomo Key Ln | Single Family | 1,235 | B |
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| 934 Kokomo Key Ln | Single Family | 1,331 | B |
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| 946 Kokomo Key Ln | Single Family | 1,340 | B |
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| 932 Kokomo Key Ln | Single Family | 1,244 | B |
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| 948 Kokomo Key Ln | Single Family | 1,331 | B |
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| 930 Kokomo Key Ln | Single Family | 1,244 | B |
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| 625 Allen Ave | Multi-family - less than 10 units | 2,108 | B |
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| 928 Kokomo Key Ln | Single Family | 1,331 | B |
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| 960 Kokomo Key Ln | Single Family | 1,235 | B |
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| 621 Allen Ave | Single Family | 1,756 | B |
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| 958 Kokomo Key Ln | Single Family | 1,331 | B |
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| 956 Kokomo Key Ln | Single Family | 1,363 | B |
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| 954 Kokomo Key Ln | Single Family | 1,363 | B |
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| 926 Kokomo Key Ln | Single Family | 1,363 | B |
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| 633 Allen Ave | Single Family | 2,072 | B |
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| 952 Kokomo Key Ln | Single Family | 1,331 | B |
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| 919 Kokomo Key Ln | Single Family | 1,244 | B |
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| 950 Kokomo Key Ln | Single Family | 1,244 | B |
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| 924 Kokomo Key Ln | Single Family | 1,363 | B |
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| 921 Kokomo Key Ln | Single Family | 1,235 | B |
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| 619 Allen Ave | Single Family | 1,647 | B |
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| 922 Kokomo Key Ln | Single Family | 1,331 | B |
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| 923 Kokomo Key Ln | Single Family | 1,331 | B |
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| 920 Kokomo Key Ln | Single Family | 1,235 | B |
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| 925 Kokomo Key Ln | Single Family | 1,363 | B |
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| 637 Allen Ave | Single Family | 2,122 | B |
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| 1016 Kokomo Key Ln | Single Family | 1,331 | B |
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| 1014 Kokomo Key Ln | Single Family | 1,244 | B |
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| 1018 Kokomo Key Ln | Single Family | 1,331 | B |
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| 1012 Kokomo Key Ln | Single Family | 1,331 | B |
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| 927 Kokomo Key Ln | Single Family | 1,363 | B |
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| 1010 Kokomo Key Ln | Single Family | 1,340 | B |
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| 939 Kokomo Key Ln | Single Family | 1,331 | B |
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| 941 Kokomo Key Ln | Single Family | 1,235 | B |
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| 937 Kokomo Key Ln | Single Family | 1,331 | B |
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| 943 Kokomo Key Ln | Single Family | 1,235 | B |
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| 935 Kokomo Key Ln | Single Family | 1,244 | B |
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| 1008 Kokomo Key Ln | Single Family | 1,244 | B |
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| 945 Kokomo Key Ln | Single Family | 1,331 | B |
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| 947 Kokomo Key Ln | Single Family | 1,244 | B |
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| 929 Kokomo Key Ln | Single Family | 1,331 | B |
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| 1004 Kokomo Key Ln | Single Family | 1,340 | B |
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| 617 Allen Ave | Single Family | 1,704 | B |
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| 1002 Kokomo Key Ln | Single Family | 1,244 | B |
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| 860 Kokomo Key Ln | Single Family | 1,244 | 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 47 of all properties in this area. This suggests it would appeal to someone earning around $58,847 per year who should qualify for a mortgage between $117,694 and $147,118.
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 47 of all properties in this area. This corresponds to a rent of $1,177 per month and a monthly household income of $3,654 ($43,848 per year)
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