312 Martin 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 | |
|---|---|---|---|---|
| 306 Martin Ave | Single Family | 1,479 | B |
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| 318 Martin Ave | Single Family | 2,241 | B |
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| 300 Martin Ave | Single Family | 860 | C |
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| 315 Swain Blvd | Single Family | 698 | C |
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| 313 Swain Blvd | Single Family | 698 | C |
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| 311 Swain Blvd | Single Family | 698 | C |
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| 317 Swain Blvd | Single Family | 1,772 | B |
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| 309 Swain Blvd | Single Family | 698 | C |
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| 326 Martin Ave | Single Family | 1,835 | B |
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| 305 Swain Blvd | Single Family | 441 | C |
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| 317 Martin Ave | Single Family | 1,337 | B |
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| 309 Martin Ave | Single Family | 900 | C |
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| 321 Martin Ave | Single Family | 2,286 | B |
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| 325 Swain Blvd | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 6,244 | B |
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| 301 Swain Blvd | Municipal Owned | 4,540 | B |
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| 301 Martin Ave | Multi-family - less than 10 units | 1,950 | B |
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| 325 Martin Ave | Single Family | 1,841 | B |
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| 266 Martin Ave | Single Family | 1,679 | B |
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| 334 Martin Ave | Single Family | 1,348 | B |
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| 329 Martin Ave | Single Family | 1,050 | C |
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| 333 Swain Blvd | Single Family | 1,111 | C |
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| 265 Swain Blvd | Single Family | 1,056 | C |
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| 336 Martin Ave | Single Family | 1,436 | C |
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| 265 Martin Ave | Single Family | 1,262 | B |
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| 333 Martin Ave | Single Family | 1,339 | B |
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| 264 Martin Ave | Single Family | 1,733 | B |
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| 312 Perry Ave | Multi-family - less than 10 units | 2,600 | B |
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| 261 Swain Blvd | Single Family | 930 | C |
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| 337 Swain Blvd | Single Family | 1,878 | B |
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| 304 Perry Ave | Multi-family - less than 10 units | 2,370 | B |
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| 261 Martin Ave | Single Family | 1,361 | B |
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| 337 Martin Ave | Single Family | 999 | B |
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| 340 Martin Ave | Single Family | 1,429 | C |
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| 320 Perry Ave | Multi-family - less than 10 units | 2,600 | B |
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| 300 Perry Ave | Multi-family - less than 10 units | 1,879 | B |
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| 312 Swain Blvd | Single Family | 1,245 | B |
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| 316 Swain Blvd | Single Family | 1,245 | B |
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| 252 Martin Ave | Single Family | 1,497 | C |
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| 320 Swain Blvd | Multi-family - less than 10 units | 1,152 | C |
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| 300 Swain Blvd | Mixed use - store and office or store and residential or residential combination | 7,559 | C |
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| 257 Martin Ave | Single Family | 1,034 | C |
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| 332 Perry Ave | Multi-family - less than 10 units | 2,432 | B |
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| 344 Martin Ave | Single Family | 835 | C |
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| 257 Swain Blvd | Single Family | 2,200 | C |
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| 264 Perry Ave | Single Family | 1,266 | B |
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| 324 Swain Blvd | Single Family | 1,834 | B |
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| 345 Swain Blvd | Single Family | 1,960 | B |
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| 253 Martin Ave | Single Family | 1,337 | B |
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| 260 Perry Ave | Single Family | 1,270 | 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 37 of all properties in this area. This suggests it would appeal to someone earning around $35,645 per year who should qualify for a mortgage between $71,290 and $89,113.
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 37 of all properties in this area. This corresponds to a rent of $955 per month and a monthly household income of $2,678 ($32,136 per year)
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