721 Sw 16th St, Boynton Beach
Palm Beach County Real Estate - Boynton Beach
Boynton Beach is in South East Florida. It's population as recorded in the 2010 Census was 68,217.
The median age for residents of Boynton Beach is 41.9. Around 25% of Boynton Beach households include school aged children and 35.4% of households include individuals aged 65 years or over. Census records indicate 62.4% of the Boynton Beach population are White, 30.2% are Black or African American, .2% American Indian, 2.1% Asian and 2.1% are Two or more Races.
There are 36,289 housing units in Boynton Beach. 7,185 (19.7%) of these were reported as vacant in the 2010 Census. Boynton Beach is a tourist destination, 46.3% (3,330) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 11,388 residential rental units in Boynton Beach. 9,788 of them were occupied in 2010 providing a residential rental vacancy rate of 13.7%.
Boynton 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 | |
|---|---|---|---|---|
| 1508 Sw 7th Ave | Single Family | 1,628 | B |
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| 719 Sw 16th St | Single Family | 1,616 | B |
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| 720 Sw 18th St | Single Family | 1,630 | B |
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| 722 Sw 18th St | Single Family | 1,417 | B |
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| 718 Sw 18th St | Single Family | 1,616 | B |
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| 1506 Sw 7th Ave | Single Family | 1,504 | B |
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| 718 Sw 16th St | Single Family | 1,745 | B |
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| 1703 Sw 8th Ave | Single Family | 1,719 | B |
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| 717 Sw 16th St | Single Family | 1,678 | B |
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| 1701 Sw 8th Ave | Single Family | 1,616 | B |
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| 1705 Sw 8th Ave | Single Family | 1,595 | B |
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| 716 Sw 18th St | Single Family | 1,628 | B |
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| 716 Sw 16th St | Single Family | 1,504 | B |
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| 1513 Sw 8th Ave | Single Family | 1,246 | B |
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| 1504 Sw 7th Ave | Single Family | 1,218 | B |
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| 715 Sw 16th St | Single Family | 1,616 | B |
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| 714 Sw 18th St | Single Family | 1,616 | B |
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| 719 Sw 15th St | Single Family | 1,616 | B |
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| 1511 Sw 8th Ave | Single Family | 1,504 | B |
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| 714 Sw 16th St | Single Family | 1,778 | B |
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| 1704 Sw 8th Ave | Single Family | 1,751 | B |
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| 1702 Sw 8th Ave | Single Family | 1,616 | B |
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| 1502 Sw 7th Ave | Single Family | 1,616 | B |
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| 721 Sw 18th St | Single Family | 1,616 | B |
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| 719 Sw 18th St | Single Family | 1,616 | B |
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| 717 Sw 15th St | Single Family | 1,504 | B |
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| 800 Sw 18th St | Single Family | 1,616 | B |
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| 723 Sw 18th St | Single Family | 1,504 | B |
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| 713 Sw 16th St | Single Family | 1,616 | B |
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| 717 Sw 18th St | Single Family | 1,491 | B |
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| 1514 Sw 8th Ave | Single Family | 1,616 | B |
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| 1509 Sw 8th Ave | Single Family | 994 | B |
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| 712 Sw 18th St | Single Family | 1,246 | B |
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| 712 Sw 16th St | Single Family | 1,616 | B |
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| 725 Sw 18th St | Single Family | 1,616 | B |
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| 715 Sw 15th St | Single Family | 1,616 | B |
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| 715 Sw 18th St | Single Family | 1,504 | B |
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| 1512 Sw 8th Ave | Single Family | 1,751 | B |
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| 1490 Sw 7th Ave | Single Family | 1,616 | B |
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| 1507 Sw 8th Ave | Single Family | 1,719 | B |
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| 711 Sw 16th St | Single Family | 1,628 | B |
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| 713 Sw 18th St | Single Family | 2,062 | B |
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| 1510 Sw 8th Ave | Single Family | 1,028 | B |
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| 801 Sw 18th St | Single Family | 1,616 | B |
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| 710 Sw 18th St | Single Family | 1,578 | B |
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| 1511 Sw 9th Ave | Single Family | 1,719 | B |
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| 802 Sw 18th St | Single Family | 1,751 | B |
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| 713 Sw 15th St | Single Family | 1,628 | B |
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| 720 Sw 18th Ct | Single Family | 1,616 | B |
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Local Household Income
The median household income in this part of Florida is $67,505. The bottom 10% of the population earn less than $21,763 per year. The top 10% earn more than $196,896 per year. The top 1% earn more than $687,450 per year. Most renters earn between $37,044 (20th percentile) and $63,912 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $135,010 and $168,763.
The tax assessed value of this property places it in percentile 53 of all properties in this area. This suggests it would appeal to someone earning around $71,989 per year who should qualify for a mortgage between $143,978 and $179,973.
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 $1,237. Most renters earn between $3,087 and $5,326 per month. They typically spend 33% of their monthly income on rent. Most rents fall in the $977 (20th percentile) to $1,647 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 53 of all properties in this area. This corresponds to a rent of $1,266 per month and a monthly household income of $4,110 ($49,320 per year)
Nearby Companies
1513 Sw 8th Ave
1504 Sw 9th Ave
718 Sw 18th St