1067 Andrew Redding Rd, Lantana
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:
Links
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 | |
|---|---|---|---|---|
| 1063 Andrew Redding Rd | Condominium | 966 | B |
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| 1065 Andrew Redding Rd | Condominium | 966 | B |
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| 1069 Andrew Redding Rd | Condominium | 966 | B |
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| 1061 Andrew Redding Rd | Condominium | 966 | B |
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| 1059 Andrew Redding Rd | Condominium | 966 | B |
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| 1057 Andrew Redding Rd | Condominium | 966 | B |
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| 1055 Andrew Redding Rd | Condominium | 966 | B |
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| 1053 Andrew Redding Rd | Condominium | 966 | B |
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| 1051 Andrew Redding Rd | Condominium | 1,088 | B |
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| 1049 Andrew Redding Rd | Condominium | 1,088 | B |
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| 1047 Andrew Redding Rd | Condominium | 1,088 | B |
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| 1045 Andrew Redding Rd | Condominium | 1,088 | B |
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| 1043 Andrew Redding Rd | Condominium | 1,088 | B |
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| 1041 Andrew Redding Rd | Condominium | 1,088 | B |
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| 1039 Andrew Redding Rd | Condominium | 1,088 | B |
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| 1037 Andrew Redding Rd | Condominium | 966 | B |
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| 1304 Gateway Dr | Condominium | 746 | B |
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| 1302 Gateway Dr | Condominium | 746 | B |
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| 1306 Gateway Dr | Condominium | 746 | B |
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| 1303 Gateway Dr | Condominium | 746 | B |
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| 1305 Gateway Dr | Condominium | 746 | B |
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| 1307 Gateway Dr | Condominium | 746 | B |
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| 1300 Gateway Dr | Condominium | 746 | B |
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| 1301 Gateway Dr | Condominium | 746 | B |
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| 1031 Andrew Redding Rd | Condominium | 966 | B |
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| 1033 Andrew Redding Rd | Condominium | 956 | B |
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| 1035 Andrew Redding Rd | Condominium | 956 | B |
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| 1700 Barton Rd | Public county school | 159,216 | B |
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| 1309 Gateway Dr | Condominium | 746 | B |
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| 1311 Gateway Dr | Condominium | 746 | B |
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| 1313 Gateway Dr | Condominium | 746 | B |
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| 1315 Gateway Dr | Condominium | 746 | B |
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| 1314 Gateway Dr | Condominium | 746 | B |
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| 1312 Gateway Dr | Condominium | 746 | B |
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| 1310 Gateway Dr | Condominium | 746 | B |
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| 1308 Gateway Dr | Condominium | 746 | B |
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| 1316 Gateway Dr | Condominium | 746 | B |
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| 1318 Gateway Dr | Condominium | 746 | B |
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| 1320 Gateway Dr | Condominium | 746 | B |
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| 1322 Gateway Dr | Condominium | 746 | B |
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| 1324 Gateway Dr | Condominium | 746 | B |
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| 1326 Gateway Dr | Condominium | 746 | B |
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| 1317 Gateway Dr | Condominium | 746 | B |
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| 1319 Gateway Dr | Condominium | 746 | B |
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| 1321 Gateway Dr | Condominium | 746 | B |
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| 1323 Gateway Dr | Condominium | 746 | B |
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| 1327 Gateway Dr | Condominium | 746 | B |
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| 1325 Gateway Dr | Condominium | 746 | B |
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| 1329 Gateway Dr | Condominium | 746 | 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.
The tax assessed value of this property places it in percentile 16 of all properties in this area. This suggests it would appeal to someone earning around $22,342 per year who should qualify for a mortgage between $44,684 and $55,855.
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%.
This property falls in percentile 16 of all properties in this area. This corresponds to a rent of $754 per month and a monthly household income of $1,893 ($22,716 per year)
Nearby Companies
1071 Andrew Redding Rd