449 Cypress Ln, Palm Springs
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 | |
|---|---|---|---|---|
| 453 Cypress Ln | Single Family | 1,725 | B |
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| 445 Cypress Ln | Single Family | 1,824 | B |
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| 457 Cypress Ln | Single Family | 1,635 | B |
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| 441 Cypress Ln | Single Family | 1,517 | B |
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| 416 Inglewood Dr | Single Family | 2,215 | B |
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| 417 Inglewood Dr | Single Family | 1,728 | B |
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| 437 Cypress Ln | Single Family | 1,611 | B |
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| 417 Palo Alto Dr | Single Family | 1,851 | B |
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| 461 Cypress Ln | Single Family | 2,010 | B |
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| 420 Inglewood Dr | Single Family | 1,643 | B |
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| 421 Inglewood Dr | Single Family | 2,183 | B |
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| 416 Kirk Rd | Single Family | 1,992 | B |
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| 433 Cypress Ln | Single Family | 1,351 | B |
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| 3940 Canal 9 Rd | Single Family | 1,898 | B |
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| 2384 Kirk Rd | Single Family | 1,922 | B |
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| 424 Inglewood Dr | Single Family | 1,843 | B |
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| 420 Kirk Rd | Single Family | 1,415 | B |
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| 3966 Canal 9 Rd | Multi-family - less than 10 units | 2,965 | B |
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| 425 Inglewood Dr | Single Family | 1,850 | B |
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| 3920 Canal 9 Rd | Single Family | 1,578 | B |
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| 425 Palo Alto Dr | Single Family | 1,335 | B |
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| 416 Palo Alto Dr | Single Family | 2,236 | B |
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| 429 Cypress Ln | Single Family | 1,199 | B |
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| 3910 Canal 9 Rd | Single Family | 588 | B |
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| 424 Kirk Rd | Single Family | 1,959 | B |
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| 2388 Kirk Rd | Single Family | 1,922 | B |
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| 401 Kirk Rd | Single Family | 1,822 | B |
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| 428 Inglewood Dr | Single Family | 2,157 | B |
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| 420 Palo Alto Dr | Single Family | 1,392 | B |
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| 429 Palo Alto Dr | Single Family | 1,315 | B |
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| 502 Cypress Ln | Single Family | 1,836 | B |
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| 425 Cypress Ln | Single Family | 2,156 | B |
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| 3880 Canal 9 Rd | Multi-family - less than 10 units | 1,972 | B |
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| 428 Kirk Rd | Single Family | 1,782 | B |
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| 424 Palo Alto Dr | Single Family | 1,238 | B |
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| 2392 Kirk Rd | Single Family | 1,922 | B |
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| 417 Los Altos Rd | Single Family | 1,421 | B |
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| 421 Kirk Rd | Single Family | 1,479 | B |
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| 4014 Canal 9 Rd | Multi-family - less than 10 units | 3,360 | B |
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| 432 Inglewood Dr | Single Family | 2,073 | B |
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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 77 of all properties in this area. This suggests it would appeal to someone earning around $77,941 per year who should qualify for a mortgage between $155,882 and $194,853.
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 77 of all properties in this area. This corresponds to a rent of $1,251 per month and a monthly household income of $3,454 ($41,448 per year)
Nearby Companies
428 Kirk Rd
401 Kirk Rd
424 Kirk Rd
425 Inglewood Dr
425 Inglewood Dr
425 Inglewood Dr
421 Inglewood Dr
461 Cypress Ln
3880 Canal 9 Rd