1042 North Dr, 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 | |
|---|---|---|---|---|
| 1040 North Dr | Condominium | 1,070 | B |
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| 1050 North Dr | Condominium | 1,070 | B |
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| 1052 North Dr | Condominium | 1,070 | B |
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| 1032 North Dr | Condominium | 1,070 | B |
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| 1030 North Dr | Condominium | 1,070 | B |
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| 3710 Village Dr | Single Family | 1,360 | B |
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| 3700 Village Dr | Single Family | 1,343 | B |
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| 1060 North Dr | Condominium | 1,070 | B |
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| 3730 Village Dr | Single Family | 1,343 | B |
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| 1062 North Dr | Condominium | 1,070 | B |
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| 3690 Village Dr | Single Family | 1,343 | B |
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| 1160 Circle Dr | Condominium | 1,070 | B |
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| 1152 Circle Dr | Condominium | 1,070 | B |
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| 1162 Circle Dr | Condominium | 1,070 | B |
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| 1070 North Dr | Condominium | 1,070 | B |
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| 1072 North Dr | Condominium | 1,070 | B |
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| 3715 Village Dr | Single Family | 1,343 | B |
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| 3750 Village Dr | Single Family | 1,343 | B |
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| 3725 Village Dr | Single Family | 1,343 | B |
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| 3670 Village Dr | Single Family | 1,343 | B |
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| 1082 North Dr | Condominium | 1,070 | B |
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| 1080 North Dr | Condominium | 1,070 | B |
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| 1065 Circle Ter E | Condominium | 1,070 | B |
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| 1115 Circle Dr | Condominium | 1,070 | B |
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| 3680 Village Dr | Single Family | 1,343 | B |
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| 1055 Circle Ter E | Condominium | 1,070 | B |
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| 1057 Circle Ter E | Condominium | 1,070 | B |
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| 3770 Village Dr | Single Family | 1,343 | B |
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| 1045 Circle Ter E | Condominium | 1,070 | B |
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| 1047 Circle Ter E | Condominium | 1,070 | B |
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| 1090 North Dr | Condominium | 1,070 | B |
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| 3660 Village Dr | Single Family | 1,343 | B |
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| 1092 North Dr | Condominium | 1,070 | B |
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| 3755 Village Dr | Single Family | 1,343 | 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 3 of all properties in this area. This suggests it would appeal to someone earning around $10,075 per year who should qualify for a mortgage between $20,150 and $25,188.
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 3 of all properties in this area. This corresponds to a rent of $479 per month and a monthly household income of $1,809 ($21,708 per year)
Nearby Companies
3715 Village Dr
1057 Circle Terrace East
1162 Circle Dr
41 North Congress Ave
1062 North Dr
1062 North Dr