201 Lake Ter, 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 | |
|---|---|---|---|---|
| 209 Lake Ter | Single Family | 1,924 | B |
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| 121 Nw 6th St | Single Family | 1,524 | B |
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| 202 Nw 7th St | Single Family | 1,829 | B |
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| 211 Lake Ter | Single Family | 1,757 | B |
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| 559 Aylesbury Rd | Single Family | 1,786 | B |
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| 210 Nw 7th St | Single Family | 1,801 | A |
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| 111 Nw 6th St | Single Family | 1,681 | B |
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| 114 Nw 7th St | Single Family | 3,707 | B |
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| 221 Lake Ter | Single Family | 2,606 | B |
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| 531 Aylesbury Rd | Single Family | 1,792 | B |
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| 114 Nw 6th St | Single Family | 1,672 | B |
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| 207 Enfield Rd | Single Family | 1,688 | B |
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| 220 Nw 7th St | Church | 2,753 | B |
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| 210 Enfield Rd | Single Family | 2,422 | B |
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| 227 Lake Ter | Single Family | 1,560 | B |
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| 525 Aylesbury Rd | Single Family | 1,862 | B |
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| 602 Nw 1st Ave | Single Family | 3,122 | B |
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| 700 Nw 2nd Ave | Single Family | 4,735 | B |
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| 102 Nw 7th St | Single Family | 2,817 | B |
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| 585 Nw 2nd Ave | Single Family | 2,076 | B |
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| 306 Nw 7th St | Single Family | 4,909 | A |
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| 228 Lake Ter | Single Family | 1,992 | B |
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| 532 Nw 1st Ave | Single Family | 3,190 | B |
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| 217 Nw 7th St | Single Family | 1,692 | B |
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| 233 Lake Ter | Single Family | 1,587 | B |
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| 518 Aylesbury Rd | Single Family | 1,646 | B |
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| 215 Enfield Rd | Single Family | 1,597 | B |
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| 214 Enfield Rd | Single Family | 1,624 | B |
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| 701 Nw 2nd Ave | Single Family | 3,770 | B |
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| 575 Nw 2nd Ave | Single Family | 1,916 | B |
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| 517 Aylesbury Rd | Single Family | 1,685 | B |
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| 528 Nw 1st Ave | Vacant Residential | 828 | L |
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| 714 Nw 2nd Ave | Single Family | 1,574 | B |
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| 105 Nw 7th St | Single Family | 2,328 | B |
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| 310 Nw 7th St | Single Family | 3,973 | A |
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| 315 Lake Ter | Single Family | 3,108 | B |
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| 711 Nw 3rd Ave | Single Family | 1,689 | B |
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| 508 Aylesbury Rd | Single Family | 1,879 | B |
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| 526 Nw 1st Ave | Single Family | 1,599 | B |
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| 525 Rye Ln | Single Family | 1,820 | B |
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| 301 Enfield Rd | Single Family | 1,915 | B |
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| 509 Aylesbury Rd | Single Family | 1,850 | B |
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| 218 Enfield Rd | Single Family | 4,101 | B |
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| 125 Wood Ln | Single Family | 2,237 | B |
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| 710 Nw 1st Ave | Single Family | 1,988 | B |
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| 715 Nw 2nd Ave | Single Family | 1,884 | B |
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| 704 Nw 3rd Ave | Single Family | 2,187 | A |
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| 517 Rye Ln | Single Family | 1,732 | B |
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| 603 Nw 1st Ave | Single Family | 2,174 | 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 82 of all properties in this area. This suggests it would appeal to someone earning around $136,783 per year who should qualify for a mortgage between $273,566 and $341,958.
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 82 of all properties in this area. This corresponds to a rent of $1,844 per month and a monthly household income of $5,501 ($66,012 per year)
Nearby Companies
609 Nw 1st Ave
609 Nw 1st Ave
517 Aylesbury Rd
517 Aylesbury Rd
301 Enfield Rd
221 Lake Ter
315 Lake Ter