248 Ne 8th 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 | |
|---|---|---|---|---|
| 712 Ne 3rd St | Vacant Residential | 1,688 | L |
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| 232 Ne 8th Ave | Single Family | 3,161 | B |
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| 302 Ne 8th Ave | Single Family | 1,489 | B |
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| 710 Ne 3rd St | Single Family | 0 | A | |
| 245 Ne 8th Ave | Single Family | 3,261 | B |
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| 228 Ne 8th Ave | Single Family | 2,625 | B |
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| 306 Ne 8th Ave | Single Family | 1,649 | B |
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| 235 Ne 8th Ave | Single Family | 2,959 | B |
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| 233 Ne 7th Ave | Single Family | 1,759 | B |
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| 301 Ne 8th Ave | Single Family | 3,192 | B |
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| 245 Ne 7th Ave | Single Family | 914 | B |
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| 301 Ne 7th Ave | Multi-family - less than 10 units | 1,835 | B |
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| 227 Ne 7th Ave | Single Family | 6,174 | A |
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| 312 Ne 8th Ave | Single Family | 1,830 | A |
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| 305 Ne 7th Ave | Multi-family - less than 10 units | 1,781 | B |
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| 222 Ne 8th Ave | Single Family | 2,622 | A |
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| 230 Palm Trl | Single Family | 1,919 | B |
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| 309 Ne 8th Ave | Single Family | 3,466 | B |
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| 238 Palm Trl | Single Family | 3,736 | A |
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| 309 Ne 7th Ave | Multi-family - less than 10 units | 2,130 | B |
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| 234 Palm Trl | Single Family | 1,999 | B |
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| 223 Ne 7th Ave | Single Family | 1,776 | B |
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| 318 Ne 8th Ave | Single Family | 1,531 | B |
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| 823 Ne 3rd St | Single Family | 4,598 | A |
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| 313 Ne 7th Ave | Multi-family - less than 10 units | 1,292 | B |
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| 225 Ne 8th Ave | Single Family | 2,035 | B |
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| 315 Ne 8th Ave | Single Family | 2,896 | B |
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| 219 Ne 8th Ave | Single Family | 1,543 | B |
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| 612 Ne 3rd St | Multi-family - less than 10 units | 1,785 | B |
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| 216 Ne 8th Ave | Single Family | 2,513 | B |
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| 244 Ne 7th Ave | Multi-family - less than 10 units | 2,437 | B |
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| 310 Palm Trl | Single Family | 2,335 | B |
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| 234 Ne 7th Ave | Multi-family - less than 10 units | 2,055 | B |
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| 315 Ne 7th Ave | Multi-family - less than 10 units | 1,294 | B |
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| 302 Ne 7th Ave | Single Family | 4,628 | B |
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| 230 Ne 7th Ave | Multi-family - less than 10 units | 1,748 | B |
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| 215 Ne 7th Ave | Single Family | 2,446 | B |
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| 322 Ne 8th Ave | Single Family | 3,314 | B |
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| 220 Palm Trl | Single Family | 1,825 | B |
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| 323 Ne 7th Ave | Multi-family - less than 10 units | 2,236 | B |
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| 310 Ne 7th Ave | Multi-family - less than 10 units | 2,935 | B |
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| 333 Ne 7th Ave | Condominium | 280 | B |
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| 226 Ne 7th Ave | Multi-family - less than 10 units | 2,041 | B |
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| 318 Palm Trl | Single Family | 3,041 | B |
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| 208 Ne 8th Ave | Single Family | 1,973 | B |
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| 314 Ne 7th Ave | Single Family | 2,472 | B |
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| 323 Ne 8th Ave | Single Family | 2,033 | B |
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| 222 Ne 7th Ave | Single Family | 1,818 | B |
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| 210 Palm Trl | Single Family | 5,032 | 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 86 of all properties in this area. This suggests it would appeal to someone earning around $157,177 per year who should qualify for a mortgage between $314,354 and $392,943.
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 86 of all properties in this area. This corresponds to a rent of $2,030 per month and a monthly household income of $5,993 ($71,916 per year)
Nearby Companies
239 Palm Trl
245 Palm Trl
302 Ne 7th Ave
302 Ne Seventh Ave
302 Ne Seventh Ave
302 Ne Seventh Ave
302 Ne Seventh Ave
302 Ne Seventh Ave
302 Ne Seventh Ave
710 Ne 3rd St
712 Ne 3rd St
245 Ne 7th Ave
233 Ne 7th Ave
345 Ne 8th Ave
345 Ne 8th Ave
345 Ne 8th Ave
331 Ne 8th Ave
230 Palm Trl
208 Ne 8th Ave
208 Ne 8th Ave