716 Ne 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%.
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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 2nd St | Single Family | 991 | B |
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| 710 Ne 2nd St | Single Family | 991 | B |
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| 708 Ne 2nd St | Single Family | 920 | B |
|
| 722 Ne 2nd St | Vacant Residential | 2,748 | L |
|
| Ne 2nd St | Vacant Residential | 0 | L | |
| 706 Ne 2nd St | Single Family | 985 | B |
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| 704 Ne 2nd St | Single Family | 991 | B |
|
| 717 Ne 1st Ct | Single Family | 1,686 | B |
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| 133 Ne 7th Ave | Single Family | 2,706 | A |
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| 141 Ne 7th Ave | Single Family | 932 | B |
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| 139 Ne 7th Ave | Single Family | 936 | B |
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| 143 Ne 7th Ave | Single Family | 936 | B |
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| 131 Ne 7th Ave | Single Family | 2,706 | A |
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| 137 Ne 7th Ave | Single Family | 936 | B |
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| 721 Ne 1st Ct | Single Family | 1,445 | B |
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| 202 Ne 8th Ave | Single Family | 2,115 | B |
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| 145 Ne 7th Ave | Single Family | 936 | B |
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| 802 Ne 2nd St | Single Family | 2,659 | B |
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| 701 Ne 2nd St | Single Family | 2,331 | B |
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| 809 Ne 1st Ct | Single Family | 3,148 | B |
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| 208 Ne 8th Ave | Single Family | 1,973 | B |
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| 806 Ne 2nd St | Single Family | 3,630 | A |
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| 209 Ne 7th Ave | Single Family | 2,546 | B |
|
| 715 Ne 1st Ct | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 204 Palm Trl | Single Family | 4,680 | A |
|
| 815 Ne 1st Ct | Vacant Residential | 2,253 | L |
|
| 142 Ne 7th Ave | Multi-family - 10 units or more | 5,952 | B |
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| 704 Ne 1st Ct | Multi-family - less than 10 units | 3,725 | A |
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| 132 Ne 7th Ave | Multi-family - less than 10 units | 1,317 | B |
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| 708 Ne 1st Ct | Single Family | 1,351 | B |
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| 722 Ne 1st Ct | Single Family | 2,284 | B |
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| 808 Ne 2nd St | Single Family | 1,674 | B |
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| 128 Ne 7th Ave | Single Family | 3,439 | B |
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| 216 Ne 8th Ave | Single Family | 2,513 | B |
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| 200 Ne 7th Ave | Multi-family - less than 10 units | 1,936 | B |
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| 802 Ne 1st Ct | Single Family | 1,802 | B |
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| 215 Ne 7th Ave | Single Family | 2,446 | B |
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| 210 Palm Trl | Single Family | 5,032 | B |
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| 124 Ne 7th Ave | Single Family | 2,226 | B |
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| 119 Ne 7th Ave | Multi-family - less than 10 units | 5,410 | A |
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| 212 Ne 7th Ave | Single Family | 2,213 | A |
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| 819 Ne 1st Ct | Single Family | 2,559 | B |
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| 116 Ne 7th Ave | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 820 Ne 2nd St | Single Family | 2,233 | B |
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| 812 Ne 1st Ct | Single Family | 2,985 | B |
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| 120 Ne 7th Ave | Multi-family - less than 10 units | 2,237 | B |
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| 214 Ne 7th Ave | Single Family | 2,236 | A |
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| 620 Renaissance Way | Single Family | 2,128 | B |
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| 624 Renaissance Way | Single Family | 2,346 | 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 90 of all properties in this area. This suggests it would appeal to someone earning around $202,982 per year who should qualify for a mortgage between $405,964 and $507,455.
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 90 of all properties in this area. This corresponds to a rent of $2,207 per month and a monthly household income of $6,491 ($77,892 per year)
Nearby Companies
824 Ne 2nd St
120 Ne 7th Ave
125 Ne 7th Ave
116 N E 7th Ave
819 Ne 1st Ct
819 Ne 1st Ct
131 Ne 7th Ave
131 Ne 7th Ave
609 Renaissance Way
824 Ne Second St
716 Ne 2nd St
706 Ne 2 St
706 Ne 2 St
701 Ne 2nd St
204 Palm Trl
208 Ne 8th Ave
208 Ne 8th Ave