245 Ne 7th 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 | |
|---|---|---|---|---|
| 710 Ne 3rd St | Single Family | 0 | A | |
| 233 Ne 7th Ave | Single Family | 1,759 | B |
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| 301 Ne 7th Ave | Multi-family - less than 10 units | 1,835 | B |
|
| 712 Ne 3rd St | Vacant Residential | 1,688 | L |
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| 612 Ne 3rd St | Multi-family - less than 10 units | 1,785 | B |
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| 244 Ne 7th Ave | Multi-family - less than 10 units | 2,437 | B |
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| 305 Ne 7th Ave | Multi-family - less than 10 units | 1,781 | B |
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| 234 Ne 7th Ave | Multi-family - less than 10 units | 2,055 | B |
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| 227 Ne 7th Ave | Single Family | 6,174 | A |
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| 302 Ne 7th Ave | Single Family | 4,628 | B |
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| 232 Ne 8th Ave | Single Family | 3,161 | B |
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| 248 Ne 8th Ave | Single Family | 1,473 | B |
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| 302 Ne 8th Ave | Single Family | 1,489 | B |
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| 230 Ne 7th Ave | Multi-family - less than 10 units | 1,748 | B |
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| 309 Ne 7th Ave | Multi-family - less than 10 units | 2,130 | B |
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| 306 Ne 8th Ave | Single Family | 1,649 | B |
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| 228 Ne 8th Ave | Single Family | 2,625 | B |
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| 310 Ne 7th Ave | Multi-family - less than 10 units | 2,935 | B |
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| 223 Ne 7th Ave | Single Family | 1,776 | B |
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| 226 Ne 7th Ave | Multi-family - less than 10 units | 2,041 | B |
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| 313 Ne 7th Ave | Multi-family - less than 10 units | 1,292 | B |
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| 297 Ne 6th Ave | Hotel or motel | 3,858 | B |
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| 312 Ne 8th Ave | Single Family | 1,830 | A |
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| 314 Ne 7th Ave | Single Family | 2,472 | B |
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| 271 Ne 6th Ave | Mixed use - store and office or store and residential or residential combination | 1,995 | B |
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| 333 Ne 7th Ave | Condominium | 280 | B |
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| 222 Ne 8th Ave | Single Family | 2,622 | A |
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| 315 Ne 7th Ave | Multi-family - less than 10 units | 1,294 | B |
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| 301 Ne 6th Ave | Hotel or motel | 3,522 | B |
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| 222 Ne 7th Ave | Single Family | 1,818 | B |
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| 255 Ne 6th Ave | Office building, non-professional service building, one story | 7,488 | B |
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| 318 Ne 7th Ave | Vacant Residential | 982 | L |
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| 215 Ne 7th Ave | Single Family | 2,446 | B |
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| 245 Ne 8th Ave | Single Family | 3,261 | B |
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| 318 Ne 8th Ave | Single Family | 1,531 | B |
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| 323 Ne 6th Ave | Office building, non-professional service building, one story | 2,041 | B |
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| 323 Ne 7th Ave | Multi-family - less than 10 units | 2,236 | B |
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| 235 Ne 8th Ave | Single Family | 2,959 | B |
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| 218 Ne 7th Ave | Multi-family - less than 10 units | 1,811 | B |
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| 301 Ne 8th Ave | Single Family | 3,192 | B |
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| 322 Ne 7th Ave | Vacant Residential | 1,408 | L |
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| 216 Ne 8th Ave | Single Family | 2,513 | B |
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| 325 Ne 6th Ave | Auto sales, auto repair and storage or auto service shop | 2,100 | B |
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| 230 Palm Trl | Single Family | 1,919 | B |
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| 325 Ne 7th Ave | Multi-family - less than 10 units | 2,541 | B |
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| 309 Ne 8th Ave | Single Family | 3,466 | B |
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| 322 Ne 8th Ave | Single Family | 3,314 | B |
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| 214 Ne 7th Ave | Single Family | 2,236 | A |
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| 326 Ne 7th Ave | Multi-family - less than 10 units | 999 | 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 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
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