969 Se 5th 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%.
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 | |
|---|---|---|---|---|
| 970 Se 6th Ave | Store, one story | 5,040 | B |
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| 909 Se 5th Ave | Office building, non-professional service building, multi-story | 10,056 | A |
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| 900 Se 6th Ave | Financial institution (bank, saving and loan company, mortgage company, credit services) | 3,390 | A |
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| 950 Se 5th Ave | Professional service building | 3,175 | B |
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| 916 Se 5th Ave | Mixed use - store and office or store and residential or residential combination | 4,400 | B |
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| 959 Se 6th Ave | Office building, non-professional service building, one story | 1,226 | B |
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| 1015 Se 6th Ave | Supermarket | 14,971 | B |
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| 904 Se 5th Ave | Office building, non-professional service building, one story | 2,032 | B |
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| 911 Se 6th Ave | Store, one story | 10,350 | A |
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| 925 Se 4th Ave | Single Family | 1,560 | B |
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| 923 Se 4th Ave | Single Family | 1,138 | B |
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| 935 Se 4th Ave | Single Family | 2,059 | B |
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| 913 Se 4th Ave | Single Family | 970 | B |
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| 707 Se 10th St | Single Family | 2,615 | B |
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| 909 Se 4th Ave | Single Family | 1,278 | B |
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| 907 Se 7th Ave | Single Family | 3,280 | A |
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| 1010 Se 5th Ave | Financial institution (bank, saving and loan company, mortgage company, credit services) | 3,973 | A |
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| 555 Se 9th St | Vacant Commercial | 0 | L | |
| 905 Se 4th Ave | Single Family | 1,278 | B |
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| 901 Se 7th Ave | Single Family | 3,007 | B |
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| 836 Se 5th Ave | Office building, non-professional service building, one story | 1,425 | 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.
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%.
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