3959 N Ocean Dr, Riviera 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%.
North Palm Beach 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 | |
|---|---|---|---|---|
| 3965 N Ocean Dr | Condominium | 2,615 | B |
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| 3941 N Ocean Dr | Single Family | 2,499 | B |
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| 1261 Gulfstream Way | Single Family | 3,284 | B |
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| 3930 N Ocean Dr | Condominium | 884 | B |
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| 3939 N Ocean Dr | Single Family | 4,555 | A |
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| 1251 Gulfstream Way | Single Family | 2,383 | B |
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| 3962 N Ocean Dr | Condominium | 2,615 | B |
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| 3976 N Ocean Dr | Condominium | 2,615 | B |
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| 3978 N Ocean Dr | Condominium | 2,615 | B |
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| 3980 N Ocean Dr | Condominium | 2,615 | B |
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| 3974 N Ocean Dr | Condominium | 2,615 | B |
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| 3972 N Ocean Dr | Condominium | 2,615 | B |
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| 3970 N Ocean Dr | Condominium | 2,615 | B |
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| 3968 N Ocean Dr | Condominium | 2,615 | B |
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| 3964 N Ocean Dr | Condominium | 2,615 | B |
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| 4000 N Ocean Dr | Condominium | 2,011 | B |
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| 1241 Gulfstream Way | Single Family | 2,847 | B |
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| 1260 Gulfstream Way | Single Family | 2,990 | A |
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| 3921 N Ocean Dr | Single Family | 2,926 | A |
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| 1260 Fairview Ln | Single Family | 4,220 | A |
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| 1250 Gulfstream Way | Single Family | 2,279 | B |
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| 3920 N Ocean Dr Apt 20b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 2a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 3a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 4a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 5a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 12b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 11b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 10b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 9b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 7b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 5b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 4b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 6a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 2b | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 20a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 19a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 18a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 17a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 16a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 15a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 14a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 12a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 11a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 10a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 9a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 8a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 7a | Condominium | 4,069 | B |
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| 3920 N Ocean Dr Apt 3b | Condominium | 4,069 | 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 87 of all properties in this area. This suggests it would appeal to someone earning around $227,948 per year who should qualify for a mortgage between $455,896 and $569,870.
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 $1,276. 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 87 of all properties in this area. This corresponds to a rent of $1,983 per month and a monthly household income of $6,167 ($74,004 per year)
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