624 Shore 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 | |
|---|---|---|---|---|
| 618 Shore Rd | Single Family | 3,266 | B |
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| 630 Shore Rd | Single Family | 3,281 | A |
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| 625 Shore Rd | Single Family | 6,420 | A |
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| 612 Shore Rd | Single Family | 3,205 | B |
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| 636 Shore Rd | Single Family | 2,576 | B |
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| 625 Riverside Rd | Vacant Residential | 0 | L | |
| 631 Shore Rd | Single Family | 2,438 | B |
|
| 619 Shore Rd | Single Family | 3,582 | B |
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| 619 Riverside Rd | Single Family | 2,739 | B |
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| 631 Riverside Rd | Single Family | 3,392 | B |
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| 613 Shore Rd | Single Family | 2,260 | B |
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| 613 Riverside Rd | Single Family | 2,315 | B |
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| 637 Shore Rd | Single Family | 2,335 | B |
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| 642 Shore Rd | Single Family | 3,213 | B |
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| 606 Shore Rd | Single Family | 2,801 | B |
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| 637 Riverside Rd | Single Family | 3,457 | B |
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| 607 Riverside Rd | Single Family | 3,506 | B |
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| 643 Shore Rd | Single Family | 3,098 | B |
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| 643 Riverside Rd | Single Family | 3,089 | B |
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| 601 Shore Rd | Single Family | 3,030 | B |
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| 819 Country Club Dr | Single Family | 5,298 | A |
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| 624 Riverside Rd | Single Family | 2,658 | B |
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| 618 Riverside Rd | Single Family | 3,496 | B |
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| 630 Riverside Rd | Single Family | 3,512 | A |
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| 823 Country Club Dr | Single Family | 2,988 | B |
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| 600 Shore Rd | Single Family | 2,791 | B |
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| 827 Country Club Dr | Single Family | 3,217 | B |
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| 831 Country Club Dr | Single Family | 6,476 | A |
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| 612 Riverside Rd | Single Family | 3,110 | B |
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| 648 Shore Rd | Single Family | 3,597 | B |
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| 741 Anchorage Dr | Single Family | 5,270 | A |
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| 636 Riverside Rd | Single Family | 3,184 | B |
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| 835 Country Club Dr | Single Family | 3,768 | B |
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| 753 Anchorage Dr | Single Family | 2,286 | B |
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| 649 Shore Rd | Single Family | 2,825 | B |
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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 97 of all properties in this area. This suggests it would appeal to someone earning around $460,238 per year who should qualify for a mortgage between $920,476 and $1,150,595.
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 97 of all properties in this area. This corresponds to a rent of $3,177 per month and a monthly household income of $9,323 ($111,876 per year)
Nearby Companies
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