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 
1511 Palm Cir Single Family 2,662 B
1401 Palm Cir Single Family 3,153 B
1515 Palm Cir Single Family 1,710 B
1420 Palm Cir Single Family 1,790 B
1500 Palm Cir Single Family 1,718 B
1410 Palm Cir Single Family 2,666 B
1500 Carambola Rd Single Family 2,425 B
1420 Carambola Rd Single Family 2,525 B
1510 Carambola Rd Single Family 2,301 B
1510 Palm Cir Single Family 2,063 B
6420 Lake Clarke Dr Single Family 2,873 B
1400 Palm Cir Single Family 2,118 B
1410 Carambola Rd Single Family 2,711 B
1520 Carambola Rd Single Family 2,250 B
6520 Lake Clarke Dr Single Family 2,504 B
1400 Carambola Rd Single Family 3,330 B
1421 Carandis Cir Single Family 1,756 B
2077 Carambola Rd Single Family 2,500 B
1501 Carandis Cir Single Family 1,753 B
2097 Carambola Rd Single Family 2,266 B
1411 Carandis Cir Single Family 1,622 B
2051 Carambola Rd Single Family 2,696 B
1511 Carandis Cir Single Family 3,080 B
6420 Carambola Cir Single Family 2,005 B
6511 Lake Clarke Dr Single Family 1,578 B
6500 Carambola Cir Single Family 1,984 B
6421 Lake Clarke Dr Single Family 2,078 B
6515 Lake Clarke Dr Single Family 1,837 B
6410 Carambola Cir Single Family 2,941 B
2123 Carambola Rd Single Family 2,637 B
6540 Lake Clarke Dr Single Family 2,266 B
1401 Carandis Cir Single Family 1,566 B
6510 Carambola Cir Single Family 1,784 B
6411 Lake Clarke Dr Single Family 1,847 B
6521 Lake Clarke Dr Single Family 1,712 B
6400 Carambola Cir Single Family 1,882 B
6401 Lake Clarke Dr Single Family 2,332 B
6531 Lake Clarke Dr Single Family 2,034 B
6520 Carambola Cir Single Family 1,628 B
1196 Lake Clarke Dr Single Family 2,220 B
1179 Carambola Cir Single Family 2,098 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 95 of all properties in this area. This suggests it would appeal to someone earning around $140,025 per year who should qualify for a mortgage between $280,050 and $350,063.

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 95 of all properties in this area. This corresponds to a rent of $1,794 per month and a monthly household income of $4,554 ($54,648 per year)

Nearby Companies

Mermaid Manor LLC
6520 Lake Clarke Dr
R.H.S. Corporation
1421 Palm Cir
N&T Hosting LLC
2077 Carambola Rd
Lmj Decor, LLC
1410 Palm Cir
Moray Home Inspections LLC
1179 Carambola Cir
Philip A. Dixon, LLC
6510 Carambola Cir
Tato'S Frenchies LLC
1411 Carandis Cir
Just Desserts Usa, Inc.
1411 Carandis Cir
Disclaimers and Disclosures

Public Records Data

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