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 
208 N M St Multi-family - less than 10 units 1,593 B
204 N M St Single Family 1,728 B
412 2nd Ave N Single Family 613 B
231 N Federal Hwy Church 0 L
211 N Federal Hwy Mixed use - store and office or store and residential or residential combination 7,448 B
215 N Federal Hwy Multi-family - less than 10 units 3,305 B
201 N Federal Hwy Mixed use - store and office or store and residential or residential combination 6,931 B
203 N M St Single Family 1,097 B
211 N M St Single Family 1,287 B
207 N M St Single Family 1,661 B
215 N M St Single Family 1,534 B
415 2nd Ave N Multi-family - less than 10 units 2,919 B
217 N M St Single Family 1,122 B
221 N M St Single Family 1,405 B
508 2nd Ave N Single Family 789 B
219 N Federal Hwy Church 20,347 B
216 N Federal Hwy Condominium 600 B
129 N Federal Hwy Mixed use - store and office or store and residential or residential combination 6,255 B
223 N M St Single Family 674 B
131 N M St Single Family 910 B
232 N M St Single Family 945 B
222 N Federal Hwy Condominium 600 B
228 N Federal Hwy Condominium 600 B
411 3rd Ave N Single Family 1,155 B
225 N M St Multi-family - less than 10 units 1,560 B
129 N M St Single Family 726 B
227 N M St Single Family 1,399 B
127 N Federal Hwy Store, one story 2,412 B
127 N M St Office building, non-professional service building, one story 952 B
229 N M St Multi-family - less than 10 units 1,197 B
231 N M St Single Family 841 B
125 N M St Single Family 904 B
212 N L St Multi-family - less than 10 units 1,025 B
214 N L St Single Family 1,302 B
210 N L St Multi-family - less than 10 units 7,840 B
216 N L St Single Family 1,040 B
206 N Federal Hwy Single Family 1,575 B
218 N L St Multi-family - less than 10 units 1,204 B
202 N Federal Hwy Office building, non-professional service building, one story 5,411 B
514 2nd Ave N Multi-family - less than 10 units 1,200 B
416 3rd Ave N Multi-family - less than 10 units 1,529 B
220 N L St Multi-family - less than 10 units 1,461 B
117 N Federal Hwy Store, one story 4,270 B
119 N M St Professional service building 855 B
222 N L St Single Family 978 B
301 N Federal Hwy Multi-family - less than 10 units 2,636 B
132 N L St Single Family 1,400 B
224 N L St Single Family 811 B
301 N M St Single Family 777 B

Local Household Income

The median household income in this part of Florida is $58,828. The bottom 10% of the population earn less than $15,713 per year. The top 10% earn more than $151,965 per year. The top 1% earn more than $508,812 per year. Most renters earn between $24,120 (20th percentile) and $44,712 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $117,656 and $147,070.

The tax assessed value of this property places it in percentile 29 of all properties in this area. This suggests it would appeal to someone earning around $34,772 per year who should qualify for a mortgage between $69,544 and $86,930.

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 $1,028. Most renters earn between $2,010 and $3,726 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $781 (20th percentile) to $1,371 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 29 of all properties in this area. This corresponds to a rent of $872 per month and a monthly household income of $2,264 ($27,168 per year)

Nearby Companies

Tnt 306 LLC
306 North M St
Drh Management, LLC
318 North M St
Sorgini & Sorgini, P.A.
300 North Federal Hwy
Shamrock Island, LLC
300 N Federal Hwy
345 Murray Road, LLC
300 N Federal Hwy
334 Murray Road, LLC
300 N Federal Hwy
21 Palms LLC
300 N Federal Hwy
Townsite Apartments Xv, Inc.
222 N Federal Hwy
Tgg Holding ,'LLC'
120 N Federal Hwy
Hernandez Law Group, P.A.
120 N Federal Hwy
On Q Property Services LLC
508 2nd Ave North
Madalinshik LLC
127 N Federal Hwy
April Community Center, Corp
129 N Federal Hwy
Mascara Law P.A.
129 N Federal Hwy
Teatec, Inc.
415 Second Ave North
Skye Life Foundation Inc
205 North Federal Hwy
211 N Federal Hwy LLC
211 N Federal Hwy
2478 Kentucky LLC
211 N Federal Hwy
Disclaimers and Disclosures

Public Records Data

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