118 Se 5th 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%.
Delray Beach links:
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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 | |
|---|---|---|---|---|
| 122 Se 5th St | Single Family | 1,737 | B |
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| 114 Se 5th St | Multi-family - less than 10 units | 1,437 | B |
|
| 202 Se 5th St | Single Family | 1,462 | B |
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| 119 Se 6th St | Single Family | 1,172 | B |
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| 206 Se 5th St | Single Family | 1,462 | B |
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| 127 Se 6th St | Single Family | 1,359 | B |
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| 119 Se 5th St | Single Family | 1,130 | B |
|
| 201 Se 6th St | Single Family | 1,291 | B |
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| 123 Se 5th St | Single Family | 1,130 | B |
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| 115 Se 5th St | Single Family | 2,492 | B |
|
| 111 Se 6th St | Vacant Residential | 0 | L | |
| 210 Se 5th St | Single Family | 1,260 | B |
|
| 201 Se 5th St | Single Family | 1,626 | B |
|
| 205 Se 5th St | Single Family | 1,626 | B |
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| 216 Se 5th St | Single Family | 1,482 | B |
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| 209 Se 5th St | Single Family | 1,667 | B |
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| 415 Se 1st Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 33,760 | B |
|
| 602 Se 2nd Ave | Single Family | 1,917 | B |
|
| 222 Se 5th St | Single Family | 831 | B |
|
| 198 Se 4th St | Single Family | 781 | C |
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| 508 Se 3rd Ave | Single Family | 1,574 | B |
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| 202 Se 6th St | Single Family | 1,481 | B |
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| 202 Se 4th St | Single Family | 917 | B |
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| 506 Se 3rd Ave | Single Family | 1,484 | B |
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| 502 Se 3rd Ave | Single Family | 1,482 | B |
|
| 606 Se 2nd Ave | Single Family | 2,392 | B |
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| 605 Se 2nd Ave | Single Family | 929 | B |
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| 215 Se 5th St | Vacant Residential | 1,000 | L |
|
| 608 Se 2nd Ave | Single Family | 1,472 | B |
|
| 605 Se 1st Ave Unit A | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L | |
| 605 Se 1st Ave Unit H | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L | |
| 605 Se 1st Ave Unit G | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L | |
| 605 Se 1st Ave Unit F | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L | |
| 605 Se 1st Ave Unit E | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L | |
| 605 Se 1st Ave Unit D | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L | |
| 605 Se 1st Ave Unit C | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L | |
| 605 Se 1st Ave Unit B | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L | |
| 406 Se 3rd Ave | Single Family | 2,088 | B |
|
| 100 Se 4th St | Auto sales, auto repair and storage or auto service shop | 2,870 | B |
|
| 602 Se 3rd Ave | Multi-family - less than 10 units | 2,084 | B |
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| 609 Se 2nd Ave | Single Family | 3,281 | B |
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| 402 Se 3rd Ave | Single Family | 2,223 | B |
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| 604 Se 3rd Ave | Single Family | 1,615 | B |
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| 610 Se 2nd Ave | Single Family | 1,848 | C |
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| 24 Se 4th St | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 6,754 | B |
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| 302 Se 5th St | Single Family | 1,109 | B |
|
| 515 Se 3rd Ave | Single Family | 1,308 | B |
|
| 415 Se 3rd Ave | Single Family | 1,300 | 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 40 of all properties in this area. This suggests it would appeal to someone earning around $49,736 per year who should qualify for a mortgage between $99,472 and $124,340.
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 40 of all properties in this area. This corresponds to a rent of $1,084 per month and a monthly household income of $3,335 ($40,020 per year)
Nearby Companies
475 Se 1st Ave
605 Se 1st Ave
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605 Se 1st Ave
100 South East 4 Street
115 Se 5th St
119 Se 5th St
119 Se 5th St
119 Se 6th St
198 Se 4th St
618 Se 2nd Ave
222 Se 5th St
222 Se 5th St
222 Se 5th St
222 Se 5th St
222 Se 5th St
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506 Se 3rd Ave
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386 Se 2nd Ave