506 Lucerne Ave, Lake Worth
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:
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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 | |
|---|---|---|---|---|
| 502 Lucerne Ave | Mixed use - store and office or store and residential or residential combination | 4,237 | B |
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| 508 Lucerne Ave | Professional service building | 2,386 | B |
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| 120 N M St | Condominium | 1,064 | B |
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| 516 Lucerne Ave | Professional service building | 3,343 | B |
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| 111 N M St | Store, one story | 646 | B |
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| 511 Lucerne Ave | Condominium | 1,284 | B |
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| 515 Lucerne Ave | Store, one story | 0 | L | |
| 113 N M St | Multi-family - less than 10 units | 1,112 | B |
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| 518 Lucerne Ave | Restaurant, cafeteria | 2,610 | B |
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| 115 N M St | Single Family | 800 | B |
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| 412 Lucerne Ave | Financial institution (bank, saving and loan company, mortgage company, credit services) | 3,500 | A |
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| 112 N L St | Single Family | 1,007 | B |
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| 15 N M St | Municipal Owned | 8,764 | B |
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| 522 Lucerne Ave | Restaurant, cafeteria | 2,511 | B |
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| 119 N M St | Professional service building | 855 | B |
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| 114 N L St | Single Family | 881 | B |
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| 116 N L St | Multi-family - less than 10 units | 1,377 | B |
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| 125 N M St | Single Family | 904 | B |
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| 122 N L St | Multi-family - less than 10 units | 2,049 | B |
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| 111 N L St | Condominium | 452 | B |
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| 127 N M St | Office building, non-professional service building, one story | 952 | B |
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| 4840 Berkeley Mews | Store, one story | 0 | L | |
| 500 Lake Ave | Store, one story | 3,971 | B |
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| 508 Lake Ave | Store, one story | 4,138 | B |
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| 124 N L St | Multi-family - less than 10 units | 2,529 | B |
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| 129 N M St | Single Family | 726 | B |
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| 616 Lucerne Ave | Condominium | 451 | B |
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| 101 N Federal Hwy | Supermarket | 2,152 | B |
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| 604 Lucerne Ave | Store, one story | 3,542 | B |
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| 131 N M St | Single Family | 910 | B |
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| 414 Lake Ave | Leasehold interests (government owned property leased by a non-governmental lessee) | 13,266 | B |
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| 132 N L St | Single Family | 1,400 | B |
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| 415 2nd Ave N | Multi-family - less than 10 units | 2,919 | B |
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| 117 N Federal Hwy | Store, one story | 4,270 | B |
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| 514 Lake Ave | Store, one story | 0 | L | |
| 612 Lucerne Ave | Store, one story | 1,333 | B |
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| 5 N L St | Store, one story | 2,980 | B |
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| 127 N Federal Hwy | Store, one story | 2,412 | B |
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| 203 N M St | Single Family | 1,097 | B |
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| 508 2nd Ave N | Single Family | 789 | B |
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| 514 2nd Ave N | Multi-family - less than 10 units | 1,200 | B |
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| 127 N L St | Multi-family - less than 10 units | 1,983 | B |
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| 204 N M St | Single Family | 1,728 | B |
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| 131 N L St | Multi-family - less than 10 units | 1,347 | B |
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| 604 Lake Ave | Mixed use - store and office or store and residential or residential combination | 6,942 | B |
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| 129 N Federal Hwy | Mixed use - store and office or store and residential or residential combination | 6,255 | B |
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| 412 2nd Ave N | Single Family | 613 | B |
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| 509 Lake Ave | Store, one story | 636 | B |
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| 501 Lake Ave | Office building, non-professional service building, one story | 2,391 | B |
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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.
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%.
Nearby Companies
11452 Citra Cir
508 2nd Ave North
127 N Federal Hwy
129 N Federal Hwy
129 N Federal Hwy
129 N Federal Hwy
504 Lucerne Ave
504 Lucerne Ave
504 Lucerne Ave
504 Lucerne Ave
504 Lucerne Ave
504 Lucerne Ave
511 Lucerne Ave
516 Lucerne Ave
516 Lucerne Ave
120 North M St
127 N M St
102 North Federal Hwy
131 N M St
120 North Federal Hwy
120 N Federal Hwy Ste 306
120 N Federal Hwy #301
8461 Lake Worth
5 N L St
512 Lucerne Ave
512 Lucerne Ave
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515 Lucerne Ave
515 Lucerne Ave
608 Lucerne Ave
608 Lucerne Ave
606 Lucerne Ave
111 North L St
122 North L St
612 Lucerne Ave
631 Lucerne Ave
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631 Lucerne Ave
604 Lake Ave
604 Lucerne Ave
617 Lake Ave
619 Lake Ave
614 Lake Ave
610 Lucerne Ave
616 Lucerne Ave
616 Lucerne Ave
3752 Mil Lake Ct
3752 Mil Lake Ct
3752 Mil Lake Ct
9835-14 Lake Worth Rd
511 Lake Ave
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513 Lake Ave
515 Lake Ave
523 Lake Ave
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603 Lake Ave
517 Lake Ave
521 Lake Ave
613-2 Lake Ave
609 1/2 Lake Ave
7 North L St
30 South M St
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504 Lake Ave
506 Lake Ave
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508 Lake Ave
508 Lake Ave
508 Lake Ave Unit B
502 Lake Ave
15 N M St