2602 Arbor Ln, Royal Palm Beach
Palm Beach County Real Estate - Palm Beach Gardens
Palm Beach Gardens is in South East Florida. It's population as recorded in the 2010 Census was 48,452. Palm Beach Gardens is approximately 67 miles from Hialeah (population 224,669) and around 48 miles from Fort Lauderdale (population 165,521).
The median age for residents of Palm Beach Gardens is 48.3. Around 20.8% of Palm Beach Gardens households include school aged children and 37.2% of households include individuals aged 65 years or over. Census records indicate 89.2% of the Palm Beach Gardens population are White, 4.4% are Black or African American, .1% American Indian, 3.1% Asian and 1.6% are Two or more Races.
There are 27,663 housing units in Palm Beach Gardens. 4,859 (17.5%) of these were reported as vacant in the 2010 Census. Palm Beach Gardens is a tourist destination, 56.1% (2,726) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 7,196 residential rental units in Palm Beach Gardens. 6,327 of them were occupied in 2010 providing a residential rental vacancy rate of 11.1%.
Palm Beach Gardens 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 | |
|---|---|---|---|---|
| 2604 Arbor Ln | Single Family | 3,245 | B |
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| 2600 Arbor Ln | Single Family | 3,245 | B |
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| 2603 Arbor Ln | Single Family | 2,940 | B |
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| 2605 Arbor Ln | Single Family | 3,536 | B |
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| 2601 Arbor Ln | Single Family | 2,949 | B |
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| 2608 Arbor Ln | Single Family | 3,548 | B |
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| 2607 Arbor Ln | Single Family | 3,245 | B |
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| 2610 Arbor Ln | Single Family | 3,245 | B |
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| 2609 Arbor Ln | Single Family | 3,720 | B |
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| 2702 Misty Oaks Cir | Single Family | 3,255 | B |
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| 2704 Misty Oaks Cir | Single Family | 2,660 | B |
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| 2816 Misty Oaks Cir | Single Family | 3,205 | B |
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| 2612 Arbor Ln | Single Family | 4,922 | B |
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| 2706 Misty Oaks Cir | Single Family | 3,255 | B |
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| 2661 Windwood Way | Single Family | 3,615 | B |
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| 2814 Misty Oaks Cir | Single Family | 3,348 | B |
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| 2812 Misty Oaks Cir | Single Family | 3,348 | B |
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| 2518 Glendale Pl | Single Family | 3,863 | B |
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| 2614 Arbor Ln | Single Family | 3,242 | B |
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| 2613 Arbor Ln | Single Family | 4,145 | B |
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| 2708 Misty Oaks Cir | Single Family | 2,805 | B |
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| 2659 Windwood Way | Single Family | 3,624 | B |
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| 2517 Glendale Dr | Single Family | 3,321 | B |
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| 2810 Misty Oaks Cir | Single Family | 3,133 | B |
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Local Household Income
The median household income in this part of Florida is $78,588. The bottom 10% of the population earn less than $23,201 per year. The top 10% earn more than $210,922 per year. The top 1% earn more than $612,589 per year. Most renters earn between $28,404 (20th percentile) and $65,052 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $157,176 and $196,470.
The tax assessed value of this property places it in percentile 87 of all properties in this area. This suggests it would appeal to someone earning around $181,358 per year who should qualify for a mortgage between $362,716 and $453,395.
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 $1,145. Most renters earn between $2,367 and $5,421 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $694 (20th percentile) to $1,677 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 87 of all properties in this area. This corresponds to a rent of $1,902 per month and a monthly household income of $6,029 ($72,348 per year)
Nearby Companies
2721 Misty Oaks Cir
2812 Misty Oaks Cir
2605 Arbor Ln
2610 Arbor Ln
2517 Glendale Dr