115 W Ocean Dr, 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 | |
|---|---|---|---|---|
| 121 W Ocean Dr | Single Family | 1,219 | B |
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| 624 W Ocean Ave | Single Family | 985 | B |
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| 103 W Ocean Dr | Single Family | 1,150 | B |
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| 630 W Ocean Ave | Single Family | 1,277 | B |
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| 125 W Ocean Dr | Single Family | 1,202 | B |
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| 116 W Ocean Dr | Single Family | 1,647 | B |
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| 112 W Ocean Dr | Single Family | 1,296 | B |
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| 122 W Ocean Dr | Single Family | 1,040 | B |
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| 104 W Ocean Dr | Single Family | 1,223 | B |
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| 636 W Ocean Ave | Single Family | 1,492 | B |
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| 619 W Ocean Ave | Single Family | 1,678 | B |
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| 613 W Ocean Ave | Single Family | 1,432 | B |
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| 623 W Ocean Ave | Single Family | 1,429 | B |
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| 635 Sw 1st Ct | Single Family | 1,271 | B |
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| 609 W Ocean Ave | Single Family | 1,432 | B |
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| 126 W Ocean Dr | Single Family | 1,605 | B |
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| 629 W Ocean Ave | Single Family | 1,429 | B |
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| 215 Sw 6th St | Single Family | 1,465 | B |
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| 603 W Ocean Ave | Single Family | 1,536 | B |
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| 642 W Ocean Ave | Single Family | 1,324 | B |
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| 633 W Ocean Ave | Single Family | 1,747 | B |
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| 130 W Ocean Dr | Single Family | 936 | B |
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| 641 Sw 1st Ct | Single Family | 1,687 | B |
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| 566 W Ocean Ave | Single Family | 1,560 | B |
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| 221 Sw 6th St | Single Family | 1,459 | B |
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| 634 Sw 1st Ct | Single Family | 1,144 | B |
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| 622 Nw 1st Ave | Single Family | 1,728 | B |
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| 616 Nw 1st Ave | Single Family | 1,728 | B |
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| 639 W Ocean Ave | Single Family | 1,626 | B |
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| 636 Nw 1st Ave | Single Family | 2,840 | B |
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| 610 Nw 1st Ave | Single Family | 1,464 | B |
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| 648 W Ocean Ave | Single Family | 985 | B |
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| 136 W Ocean Dr | Single Family | 1,495 | B |
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| 611 Sw 1st Ave | Single Family | 1,840 | B |
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| 647 Sw 1st Ct | Single Family | 1,301 | B |
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| 640 Nw 1st Ave | Single Family | 1,928 | B |
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| 218 Sw 6th St | Single Family | 1,560 | B |
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| 604 Nw 1st Ave | Single Family | 1,296 | B |
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| 571 W Ocean Ave | Club, lodge or union hall | 2,360 | B |
|
| 613 Sw 1st Ave | Single Family | 1,479 | B |
|
| W Ocean Ave | Vacant Residential | 0 | L | |
| 645 W Ocean Ave | Single Family | 1,741 | B |
|
| 607 Sw 1st Ave | Single Family | 1,360 | B |
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| 135 W Ocean Dr | Single Family | 1,303 | B |
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| 220 Sw 6th St | Single Family | 1,271 | B |
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| 144 W Ocean Dr | Single Family | 1,272 | B |
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| 229 Sw 6th St | Single Family | 1,479 | B |
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| Sw 6th St | Club, lodge or union hall | 0 | L | |
| 654 W Ocean Ave | Single Family | 2,609 | 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
114 Nw 6th St
114 Nw 6th St
613 Nw 1st Ave
648 W Ocean Ave
648 W Ocean Ave
115 West Ocean Dr
609 W Ocean Ave
103 W Ocean Dr
103 W Ocean Dr
571 W Ocean Ave
571 W Ocean Ave
629 W Ocean Ave
654 W Ocean Ave