536 Jennings Ave, Greenacres
Palm Beach County Real Estate - Lake Worth
Lake Worth is in South East Florida. It's population as recorded in the 2010 Census was 34,910. Lake Worth is approximately 58 miles from Miami (population 399,457) and around 54 miles from Hialeah (population 224,669).
The median age for residents of Lake Worth is 35. Around 30.1% of Lake Worth households include school aged children and 22.1% of households include individuals aged 65 years or over. Census records indicate 60% of the Lake Worth population are White, 19.8% are Black or African American, 5.6% American Indian, .9% Asian and 4.5% are Two or more Races. Lake Worth has a significant Hispanic population. 39.6% (13,834) of Lake Worth residents are of Hispanic or Latino origin. Of these 19.98% are of Mexican origin, 10.21% Puerto Rican, 10.39% Cuban and 59.4% are of other Hispanic or Latino origin.
There are 16,473 housing units in Lake Worth. 3,515 (21.3%) of these were reported as vacant in the 2010 Census. There are 7,843 residential rental units in Lake Worth. 6,535 of them were occupied in 2010 providing a residential rental vacancy rate of 16.1%.
Lake Worth 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 | |
|---|---|---|---|---|
| 532 Jennings Ave | Single Family | 1,152 | B |
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| 540 Jennings Ave | Multi-family - less than 10 units | 1,566 | B |
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| 528 Jennings Ave | Multi-family - less than 10 units | 1,632 | B |
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| 544 Jennings Ave | Multi-family - less than 10 units | 1,566 | B |
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| 524 Jennings Ave | Single Family | 1,498 | B |
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| 537 Perry Ave | Single Family | 1,048 | B |
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| 541 Perry Ave | Single Family | 1,048 | B |
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| 533 Perry Ave | Single Family | 1,048 | B |
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| 545 Perry Ave | Single Family | 1,048 | B |
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| 529 Perry Ave | Single Family | 1,245 | B |
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| 533 Jennings Ave | Single Family | 2,108 | B |
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| 541 Jennings Ave | Single Family | 1,639 | B |
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| 520 Jennings Ave | Single Family | 1,470 | B |
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| 529 Jennings Ave | Single Family | 934 | B |
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| 545 Jennings Ave | Single Family | 1,639 | B |
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| 525 Perry Ave | Single Family | 1,104 | C |
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| 5380 10th Ave N | Store, one story | 6,300 | B |
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| 525 Jennings Ave | Single Family | 1,123 | B |
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| 549 Jennings Ave | Single Family | 1,026 | B |
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| 516 Jennings Ave | Multi-family - less than 10 units | 1,866 | B |
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| 521 Perry Ave | Single Family | 1,104 | C |
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| 521 Jennings Ave | Single Family | 1,114 | B |
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| 553 Jennings Ave | Multi-family - less than 10 units | 1,275 | C |
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| 5350 10th Ave N | Office building, non-professional service building, multi-story | 8,100 | B |
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| 517 Perry Ave | Multi-family - less than 10 units | 1,894 | B |
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| 514 Jennings Ave | Single Family | 1,252 | B |
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| 517 Jennings Ave | Single Family | 1,245 | B |
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| 5430 10th Ave N | Office building, non-professional service building, one story | 1,600 | B |
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| 536 Fleming Ave | Multi-family - less than 10 units | 2,250 | B |
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| 513 Perry Ave | Multi-family - less than 10 units | 1,894 | B |
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| 530 Fleming Ave | Single Family | 1,463 | B |
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| 544 Fleming Ave | Multi-family - less than 10 units | 2,250 | B |
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| 513 Jennings Ave | Single Family | 1,197 | B |
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| 524 Fleming Ave | Single Family | 1,214 | B |
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| 509 Perry Ave | Multi-family - less than 10 units | 1,902 | B |
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| 511 Jennings Ave | Single Family | 1,429 | B |
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| 522 Fleming Ave | Multi-family - less than 10 units | 1,372 | C |
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| 5450 10th Ave N | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 10,800 | B |
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| 500 Jennings Ave | Multi-family - less than 10 units | 5,169 | B |
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| 505 Perry Ave | Single Family | 1,245 | B |
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| 501 Jennings Ave | Multi-family - less than 10 units | 2,861 | B |
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| 504 Fleming Ave | Multi-family - less than 10 units | 1,783 | C |
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| 501 Perry Ave | Single Family | 1,262 | B |
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Local Household Income
The median household income in this part of Florida is $45,914. The bottom 10% of the population earn less than $15,196 per year. The top 10% earn more than $110,931 per year. The top 1% earn more than $275,274 per year. Most renters earn between $27,132 (20th percentile) and $44,184 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $91,828 and $114,785.
The tax assessed value of this property places it in percentile 46 of all properties in this area. This suggests it would appeal to someone earning around $42,532 per year who should qualify for a mortgage between $85,064 and $106,330.
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 $1,048. Most renters earn between $2,261 and $3,682 per month. They typically spend 37% of their monthly income on rent. Most rents fall in the $816 (20th percentile) to $1,318 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 46 of all properties in this area. This corresponds to a rent of $1,020 per month and a monthly household income of $2,812 ($33,744 per year)
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