118 N Oak St Unit 102, 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
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 118 N Oak St Unit 109 | Condominium | 3,659 | B |
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| 118 N Oak St Unit 101 | Condominium | 2,943 | B |
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| 118 N Oak St Unit 106 | Condominium | 3,304 | B |
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| 118 N Oak St Unit 104 | Condominium | 2,907 | B |
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| 118 N Oak St Unit 103 | Condominium | 2,907 | B |
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| 118 N Oak St Unit 105 | Condominium | 3,304 | B |
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| 118 N Oak St Unit 108 | Condominium | 3,304 | B |
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| 118 N Oak St Unit 107 | Condominium | 3,304 | B |
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| 112 N Oak St Unit 101 | Office building, non-professional service building, one story | 0 | L | |
| 112 N Oak St Unit 102 | Office building, non-professional service building, one story | 0 | L | |
| 201 E Ocean Ave | Mixed use - store and office or store and residential or residential combination | 3,430 | B |
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| 105 E Ocean Ave | Supermarket | 14,836 | B |
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| 114 E Ocean Ave | Store, one story | 2,730 | A |
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| 211 E Ocean Ave | Mixed use - store and office or store and residential or residential combination | 3,624 | B |
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| 208 E Ocean Ave | Mixed use - store and office or store and residential or residential combination | 6,999 | B |
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| 120 N Oak St | Single Family | 1,569 | B |
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| 125 N Oak St | Single Family | 1,313 | B |
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| 115 S Oak St | Multi-family - less than 10 units | 3,564 | B |
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| 106 S Dixie Hwy | Service station | 2,084 | B |
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| 124 N Oak St | Single Family | 1,091 | B |
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| 212 E Ocean Ave | Mixed use - store and office or store and residential or residential combination | 2,514 | B |
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| 129 N Oak St | Single Family | 1,067 | B |
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| 225 E Ocean Ave | Mixed use - store and office or store and residential or residential combination | 4,939 | B |
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| 123 N Lake Dr | Office building, non-professional service building, one story | 1,380 | B |
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| 208 E Palm St | Multi-family - less than 10 units | 2,108 | B |
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| 112 S Dixie Hwy | Auto sales, auto repair and storage or auto service shop | 704 | B |
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| 118 N Dixie Hwy | Store, one story | 6,090 | B |
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| 211 N Oak St | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 220 E Ocean Ave | Multi-family - less than 10 units | 3,385 | B |
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| 117 S Oak St | Multi-family - less than 10 units | 3,015 | B |
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| 121 S Lake Dr | Multi-family - less than 10 units | 1,771 | B |
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| 209 S Lake Dr | Multi-family - less than 10 units | 3,585 | B |
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| 114 S Dixie Hwy | Auto sales, auto repair and storage or auto service shop | 484 | B |
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| 228 E Ocean Ave | Mixed use - store and office or store and residential or residential combination | 3,863 | B |
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| 115 E Palm St | Multi-family - less than 10 units | 1,507 | B |
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| 237 E Ocean Ave | Mixed use - store and office or store and residential or residential combination | 1,740 | B |
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| 201 E Palm St | Multi-family - less than 10 units | 3,799 | B |
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| 127 S Oak St | Single Family | 1,533 | B |
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| 120 S Dixie Hwy | Store, one story | 3,201 | B |
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| 205 N Oak St | Single Family | 772 | C |
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| 129 S Oak St | Single Family | 1,409 | B |
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| 209 N Lake Dr | Multi-family - less than 10 units | 2,467 | 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 94 of all properties in this area. This suggests it would appeal to someone earning around $195,548 per year who should qualify for a mortgage between $391,096 and $488,870.
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 94 of all properties in this area. This corresponds to a rent of $1,940 per month and a monthly household income of $5,038 ($60,456 per year)
Nearby Companies
211 N Oak St
206 E Ocean Ave
210 East Ocean Ave
214 East Ocean Ave
206 East Ocean Ave
114 S Dixie Hwy
138 South Dixie Hwy
125 S 3rd St
111 S 3rd St
124 South Dixie Hwy
106 S Dixie Hwy
106 S Dixie Hwy
114 E Ocean Ave
116 East Ocean Ave
202 E Ocean Ave
212 E Ocean Ave
2181 Dobbs Rd (Suite 1-2)