724 Sw 1st Ave, 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%.
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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 | |
|---|---|---|---|---|
| 730 Sw 1st Ave | Single Family | 1,665 | B |
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| 716 Sw 1st Ave | Single Family | 1,665 | B |
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| 717 W Ocean Dr | Single Family | 1,426 | B |
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| 738 Sw 1st Ave | Single Family | 1,789 | B |
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| 731 W Ocean Dr | Single Family | 1,815 | B |
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| 708 Sw 1st Ave | Single Family | 1,673 | B |
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| 711 W Ocean Dr | Single Family | 1,692 | B |
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| 731 Sw 1st Ave | Single Family | 1,533 | B |
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| 725 Sw 1st Ave | Single Family | 1,232 | B |
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| 735 Sw 1st Ave | Single Family | 1,304 | B |
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| 741 W Ocean Dr | Single Family | 1,942 | B |
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| 746 Sw 1st Ave | Single Family | 1,673 | B |
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| 707 W Ocean Dr | Single Family | 1,845 | B |
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| 719 Sw 1st Ave | Single Family | 1,536 | B |
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| 737 Sw 1st Ave | Single Family | 1,715 | B |
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| 700 Sw 1st Ave | Single Family | 1,665 | B |
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| 751 W Ocean Dr | Single Family | 1,845 | B |
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| 703 Sw 1st Ave | Single Family | 1,632 | B |
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| 741 Sw 1st Ave | Single Family | 1,510 | B |
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| 701 W Ocean Dr | Single Family | 1,673 | B |
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| 754 Sw 1st Ave | Single Family | 1,673 | B |
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| 726 Sw 1st Ct | Single Family | 1,422 | B |
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| 722 Sw 1st Ct | Single Family | 1,606 | B |
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| 730 Sw 1st Ct | Single Family | 1,527 | B |
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| 238 Sw 8th St | Single Family | 1,362 | B |
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| 726 W Ocean Dr | Single Family | 1,723 | B |
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| 706 Sw 1st Ct | Single Family | 1,798 | B |
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| 701 Sw 1st Ave | Single Family | 1,262 | B |
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| 736 W Ocean Dr | Single Family | 1,104 | B |
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| 722 W Ocean Dr | Single Family | 1,494 | B |
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| 736 Sw 1st Ct | Single Family | 1,864 | B |
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| 220 Sw 8th St | Single Family | 1,468 | B |
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| 742 W Ocean Dr | Single Family | 1,667 | B |
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| 712 W Ocean Dr | Single Family | 1,355 | B |
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| 1804 W Ocean Dr | Condominium | 729 | B |
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| 2015 W Ocean Dr Unit 1 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 13 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 12 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 11 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 10 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 9 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 8 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 7 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 6 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 5 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 2 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 3 | Professional service building | 0 | L | |
| 2015 W Ocean Dr Unit 4 | Professional service building | 0 | L |
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 63 of all properties in this area. This suggests it would appeal to someone earning around $87,532 per year who should qualify for a mortgage between $175,064 and $218,830.
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 63 of all properties in this area. This corresponds to a rent of $1,363 per month and a monthly household income of $4,461 ($53,532 per year)
Nearby Companies
215 Sw 8th St
215 Sw 8th St
215 Sw 8th St
744 Sw 1st Ct
742 West Ocean Dr
742 W Ocean Dr
740 Sw 1st Ct
736 West Ocean Dr
703 Sw 1st Ave
809 Sw 1st Ave