416 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%.
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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 | |
|---|---|---|---|---|
| 518 Se 5th Ave | Professional service building | 5,419 | B |
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| 406 Se 5th St | Single Family | 1,541 | B |
|
| 505 Se 4th Ave | Single Family | 850 | B |
|
| 515 Se 4th Ave | Single Family | 1,885 | B |
|
| 419 Se 4th Ave | Single Family | 2,602 | B |
|
| 440 Se 5th Ave | Office building, non-professional service building, one story | 9,181 | B |
|
| 542 Se 5th Ave | Office building, non-professional service building, one story | 1,790 | B |
|
| 415 Se 4th Ave | Single Family | 3,245 | B |
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| 401 Se 6th St | Single Family | 1,376 | B |
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| 505 Se 5th Ave | Leasehold interests (government owned property leased by a non-governmental lessee) | 4,857 | B |
|
| 504 Se 4th Ave | Single Family | 1,114 | B |
|
| 407 Se 4th Ave | Single Family | 3,199 | B |
|
| 530 Se 6th Ave | Vacant Commercial | 0 | L | |
| 401 Se 5th Ave | Auto sales, auto repair and storage or auto service shop | 5,200 | B |
|
| 318 Se 5th St | Single Family | 601 | B |
|
| 414 Se 4th Ave | Vacant Residential | 0 | L | |
| 514 Se 4th Ave | Single Family | 1,510 | B |
|
| 402 Se 5th Ave | Auto sales, auto repair and storage or auto service shop | 1,470 | B |
|
| 601 Se 4th Ave | Single Family | 1,159 | B |
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| 412 Se 4th Ave | Vacant Residential | 0 | L | |
| 401 Se 4th Ave | Single Family | 3,327 | B |
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| 516 Se 4th St | Auto sales, auto repair and storage or auto service shop | 2,620 | B |
|
| 520 Se 4th Ave | Single Family | 1,610 | B |
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| 605 Se 4th Ave | Single Family | 1,152 | B |
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| 310 Se 5th St | Single Family | 1,343 | B |
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| 317 Se 5th St | Single Family | 1,791 | B |
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| 404 Se 4th Ave | Vacant Residential | 0 | L | |
| 315 Se 6th St | Single Family | 1,269 | B |
|
| 505 Se 6th Ave | Professional service building | 0 | L | |
| 555 Se 6th Ave | Condominium | 1,254 | B |
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| 402 Se 6th Ave | Vacant Commercial | 1,680 | L |
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| 609 Se 4th Ave | Single Family | 1,301 | B |
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| 311 Se 5th St | Single Family | 1,054 | B |
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| Se 402 Se 4th Ave | Single Family | 1,004 | B |
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| 600 Se 4th Ave | Multi-family - less than 10 units | 1,298 | B |
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| 309 Se 6th St | Single Family | 1,577 | B |
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| 405 Se 4th St | Single Family | 1,302 | B |
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| 604 Se 6th Ave | Vacant Commercial | 0 | L | |
| 394 Se 5th Ave | Multi-family - less than 10 units | 2,969 | B |
|
| 504 S Mallory Cir | Single Family | 2,354 | B |
|
| 508 S Mallory Cir | Single Family | 2,132 | B |
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| 314 Se 4th St | Single Family | 1,177 | B |
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| 613 Se 4th Ave | Single Family | 1,275 | 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 81 of all properties in this area. This suggests it would appeal to someone earning around $130,983 per year who should qualify for a mortgage between $261,966 and $327,458.
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 81 of all properties in this area. This corresponds to a rent of $1,804 per month and a monthly household income of $5,353 ($64,236 per year)
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