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:

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

AddressTypeSq FtClass 
439 Swain Blvd Single Family 1,266 B
441 Swain Blvd Single Family 1,393 B
429 Swain Blvd Single Family 1,042 B
445 Swain Blvd Single Family 1,635 B
442 Martin Ave Single Family 1,398 B
432 Martin Ave Single Family 821 C
430 Martin Ave Single Family 1,050 C
444 Martin Ave Vacant Residential 0 L
428 Martin Ave Single Family 1,474 B
448 Martin Ave Multi-family - less than 10 units 2,167 B
436 Swain Blvd Multi-family - less than 10 units 2,396 B
432 Swain Blvd Single Family 1,475 B
420 Martin Ave Single Family 1,337 B
419 Swain Blvd Single Family 1,647 C
457 Swain Blvd Single Family 1,134 B
444 Swain Blvd Single Family 1,823 B
452 Martin Ave Multi-family - less than 10 units 3,601 B
424 Swain Blvd Multi-family - less than 10 units 3,202 B
416 Martin Ave Single Family 1,243 B
413 Swain Blvd Single Family 624 C
437 Martin Ave Single Family 1,192 B
441 Martin Ave Single Family 1,066 B
412 Martin Ave Vacant Residential 0 L
429 Martin Ave Single Family 1,544 B
445 Martin Ave Multi-family - less than 10 units 1,730 B
465 Swain Blvd Multi-family - less than 10 units 2,552 B
462 Martin Ave Multi-family - less than 10 units 2,746 B
456 Swain Blvd Single Family 2,039 B
418 Swain Blvd Single Family 2,547 B
409 Swain Blvd Single Family 957 C
425 Martin Ave Single Family 1,743 B
449 Martin Ave Multi-family - less than 10 units 1,525 B
433 Broward Ave Single Family 1,772 B
408 Martin Ave Single Family 1,243 B
437 Broward Ave Single Family 1,772 B
425 Broward Ave Single Family 932 B
453 Martin Ave Single Family 1,140 B
441 Broward Ave Single Family 1,772 B
423 Broward Ave Single Family 1,262 B
421 Martin Ave Multi-family - less than 10 units 3,005 B
445 Broward Ave Single Family 1,772 B
421 Broward Ave Single Family 1,238 B
457 Martin Ave Single Family 1,243 B
405 Swain Blvd Single Family 1,181 B
417 Broward Ave Single Family 851 C
457 Broward Ave Single Family 1,075 B
400 Martin Ave Single Family 1,922 B
404 Swain Blvd Single Family 2,253 B
413 Broward Ave Single Family 1,325 B

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 51 of all properties in this area. This suggests it would appeal to someone earning around $46,599 per year who should qualify for a mortgage between $93,198 and $116,498.

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 51 of all properties in this area. This corresponds to a rent of $1,053 per month and a monthly household income of $2,918 ($35,016 per year)

Nearby Companies

Azteca Concrete Inc
413 Broward Ave
Villota Painting LLC
441 Swain Blvd
Disclaimers and Disclosures

Public Records Data

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