516 Inlet Rd, North Palm Beach
Palm Beach County Real Estate - North Palm Beach
North Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 12,015. North Palm Beach is approximately 68 miles from Hialeah (population 224,669) and around 48 miles from Fort Lauderdale (population 165,521).
The median age for residents of North Palm Beach is 51.8. Around 16.5% of North Palm Beach households include school aged children and 41.9% of households include individuals aged 65 years or over. Census records indicate 93.3% of the North Palm Beach population are White, 2.6% are Black or African American, 0% American Indian, 1.6% Asian and 1.3% are Two or more Races.
There are 7,710 housing units in North Palm Beach. 1,617 (20.9%) of these were reported as vacant in the 2010 Census. North Palm Beach is a tourist destination, 62.7% (1,014) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,826 residential rental units in North Palm Beach. 1,596 of them were occupied in 2010 providing a residential rental vacancy rate of 11.7%.
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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 | |
|---|---|---|---|---|
| 520 Inlet Rd | Single Family | 2,158 | B |
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| 512 Inlet Rd | Single Family | 1,843 | B |
|
| 519 Harbour Rd | Single Family | 1,793 | B |
|
| 523 Harbour Rd | Single Family | 1,930 | B |
|
| 513 Harbour Rd | Single Family | 1,710 | B |
|
| 517 Inlet Rd | Single Family | 2,176 | B |
|
| 524 Inlet Rd | Single Family | 1,914 | B |
|
| 508 Inlet Rd | Single Family | 1,717 | B |
|
| 521 Inlet Rd | Single Family | 1,678 | B |
|
| 513 Inlet Rd | Single Family | 1,727 | B |
|
| 527 Harbour Rd | Single Family | 2,012 | B |
|
| 509 Harbour Rd | Single Family | 1,597 | B |
|
| 525 Inlet Rd | Single Family | 2,052 | B |
|
| 509 Inlet Rd | Single Family | 2,176 | B |
|
| 528 Inlet Rd | Single Family | 1,856 | B |
|
| 504 Inlet Rd | Single Family | 1,482 | B |
|
| 520 Kingfish Rd | Single Family | 1,999 | B |
|
| 520 Harbour Rd | Single Family | 1,917 | B |
|
| 516 Harbour Rd | Single Family | 2,339 | B |
|
| 531 Harbour Rd | Single Family | 1,985 | B |
|
| 505 Harbour Rd | Single Family | 1,414 | B |
|
| 524 Kingfish Rd | Single Family | 1,697 | B |
|
| 529 Inlet Rd | Single Family | 1,412 | B |
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| 505 Inlet Rd | Single Family | 1,337 | B |
|
| 524 Harbour Rd | Single Family | 1,885 | B |
|
| 516 Kingfish Rd | Single Family | 1,964 | B |
|
| 512 Harbour Rd | Single Family | 1,777 | B |
|
| 528 Harbour Rd | Single Family | 1,763 | B |
|
| 532 Inlet Rd | Single Family | 2,295 | B |
|
| 528 Kingfish Rd | Single Family | 1,727 | B |
|
| 508 Harbour Rd | Single Family | 1,896 | B |
|
| 500 Inlet Rd | Single Family | 1,729 | B |
|
| 535 Harbour Rd | Single Family | 1,344 | B |
|
| 533 Inlet Rd | Single Family | 2,176 | B |
|
| 501 Harbour Rd | Single Family | 2,588 | B |
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| 501 Inlet Rd | Single Family | 1,770 | B |
|
| 521 Gulf Rd | Single Family | 1,689 | B |
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| 512 Kingfish Rd | Single Family | 1,539 | B |
|
| 517 Gulf Rd | Single Family | 1,704 | B |
|
| 527 Gulf Rd | Single Family | 1,766 | B |
|
| 532 Harbour Rd | Single Family | 1,234 | B |
|
| 504 Harbour Rd | Single Family | 2,401 | B |
|
| 513 Gulf Rd | Single Family | 1,621 | B |
|
| 532 Kingfish Rd | Single Family | 1,654 | B |
|
| 531 Gulf Rd | Single Family | 1,622 | B |
|
| 653 Fairwind Dr | Single Family | 1,697 | B |
|
| 536 Inlet Rd | Single Family | 1,907 | B |
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| 509 Gulf Rd | Single Family | 1,444 | B |
|
| 537 Inlet Rd | Single Family | 1,785 | B |
|
Local Household Income
The median household income in this part of Florida is $85,423. The bottom 10% of the population earn less than $25,310 per year. The top 10% earn more than $291,096 per year. The top 1% earn more than $691,178 per year. Most renters earn between $35,844 (20th percentile) and $67,212 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $170,846 and $213,558.
The tax assessed value of this property places it in percentile 55 of all properties in this area. This suggests it would appeal to someone earning around $95,717 per year who should qualify for a mortgage between $191,434 and $239,293.
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 $1,276. Most renters earn between $2,987 and $5,601 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $944 (20th percentile) to $1,734 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 55 of all properties in this area. This corresponds to a rent of $1,335 per month and a monthly household income of $4,246 ($50,952 per year)
Nearby Companies
525 Inlet Rd
524 Kingfish Rd
527 Harbour Rd
527 Harbour Rd
520 Inlet Rd
509 Inlet Rd
527 Gulf Rd
516 Harbour Rd
516 Harbour Rd
508 Harbour Rd
543 Harbour Rd
539 Harbour Rd