1332 New World Ave, Lake Worth

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%.

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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

AddressTypeSq FtClass 
1326 New World Ave Single Family 1,934 B
1338 New World Ave Single Family 1,396 B
1320 New World Ave Single Family 1,680 B
732 Ridge Rd Single Family 2,077 B
1333 New World Ave Single Family 1,399 B
1327 New World Ave Single Family 1,646 B
1339 New World Ave Single Family 1,422 B
1314 New World Ave Single Family 1,657 B
1321 New World Ave Multi-family - less than 10 units 1,737 B
1331 Alho Dr Single Family 1,044 C
1333 Alho Dr Single Family 1,010 C
1329 Alho Dr Single Family 876 C
1335 Alho Dr Single Family 1,010 C
1327 Alho Dr Single Family 978 C
1337 Alho Dr Single Family 954 C
803 Ridge Rd Condominium 728 B
1325 Alho Dr Single Family 1,038 C
1339 Alho Dr Single Family 876 C
1315 New World Ave Single Family 1,484 B
1321 Alho Dr Single Family 876 C
1345 Alho Dr Single Family 882 C
735 Ridge Rd Condominium 728 B
1308 New World Ave Single Family 1,565 B
1319 Alho Dr Single Family 876 C
1347 Alho Dr Single Family 881 C
729 Ridge Rd Condominium 689 B
1317 Alho Dr Single Family 869 C
723 Ridge Rd Condominium 650 B
721 Ridge Rd Condominium 575 B
722 Ridge Rd Condominium 872 B
1315 Alho Dr Single Family 876 C
1309 New World Ave Single Family 1,358 B
816 Ridge Rd Single Family 1,410 B
1311 Alho Dr Single Family 1,015 C
815 Ridge Rd Condominium 575 B
1332 Alho Dr Single Family 865 C
1334 Alho Dr Single Family 891 C
1309 Alho Dr Single Family 1,015 C
1330 Alho Dr Single Family 865 C
1336 Alho Dr Single Family 991 C
1326 Alho Dr Single Family 876 C
1340 Alho Dr Single Family 959 C
1324 Alho Dr Single Family 876 C
1342 Alho Dr Single Family 959 C
1303 New World Ave Multi-family - less than 10 units 2,160 B
1322 Alho Dr Single Family 1,040 C
1307 Alho Dr Single Family 876 C
620 Ridge Rd Single Family 1,266 B

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 26 of all properties in this area. This suggests it would appeal to someone earning around $32,241 per year who should qualify for a mortgage between $64,482 and $80,603.

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 26 of all properties in this area. This corresponds to a rent of $850 per month and a monthly household income of $2,196 ($26,352 per year)

Nearby Companies

Redding Manor, Inc.
815 Andrew Redding Rd
Andres Medina P.A
1303 New World Ave
Pine Air Condominium Association, Inc.
815 Ridge Rd
Barton House South Condominium, Inc.
735 Ridge Rd Box 8
Acordia Center, Inc.
1320 New World Ave
Kes Services, LLC
1314 New World Ave
Guttersweeps, Inc.
1314 New World Ave
Phs Services, LLC
1308 New World Ave
Rz Professional Services Of South Florida, Inc.
1321 New World Ave
Green Lane Apartments, Incorporated
1611 Green Lane Unit 11
Ridge House Condominium Apts., Inc.
721 Ridge Rd
Reiska-Properteis Inc.
722 Ridge Rd
Resume Express, Inc.
722 Ridge Rd Unit 11
Disclaimers and Disclosures

Public Records Data

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