235 Se 3rd Ave, South Bay
Palm Beach County Real Estate - South Bay
South Bay is in South East Florida. It's population as recorded in the 2010 Census was 4,876. South Bay is approximately 51 miles from Fort Lauderdale (population 165,521) and around 48 miles from Port Saint Lucie (population 164,603).
The median age for residents of South Bay is 35.4. Around 48.2% of South Bay households include school aged children and 28.7% of households include individuals aged 65 years or over. Census records indicate 24.5% of the South Bay population are White, 64.9% are Black or African American, .1% American Indian, .5% Asian and 1.9% are Two or more Races. South Bay has a significant Hispanic population. 23.2% (1,132) of South Bay residents are of Hispanic or Latino origin. Of these 59.71% are of Mexican origin, 6.27% Puerto Rican, 12.27% Cuban and 21.73% are of other Hispanic or Latino origin.
There are 1,077 housing units in South Bay. 194 (18%) of these were reported as vacant in the 2010 Census. There are 458 residential rental units in South Bay. 386 of them were occupied in 2010 providing a residential rental vacancy rate of 15.1%.
South Bay 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 | |
|---|---|---|---|---|
| 230 Se 4th Ave | Single Family | 2,330 | B |
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| Se 260 Se 3rd Ave | Single Family | 1,596 | B |
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| 250 Se 3rd Ave | Single Family | 1,000 | B |
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| 280 Se 4th Ave | Single Family | 1,370 | B |
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| Po Box 755 | Vacant Residential | 0 | L | |
| 270 Se 3rd Ave | Single Family | 1,170 | B |
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| 230 Se 3rd Ave | Single Family | 1,414 | B |
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| 205 Se 3rd Ave | Office building, non-professional service building, one story | 6,418 | C |
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| 280 Se 3rd Ave | Single Family | 1,000 | B |
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| 255 Se 4th Ave | Single Family | 1,253 | B |
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| 301 Se 3rd Ave | Single Family | 1,624 | B |
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| 245 Se 2nd Ave | Single Family | 1,459 | B |
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| 235 Se 2nd Ave | Single Family | 1,000 | B |
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| 225 Se 4th Ave | Single Family | 2,112 | B |
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| 285 Se 4th Ave | Single Family | 1,874 | B |
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| 225 Se 2nd Ave | Single Family | 1,046 | B |
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| 305 Se 3rd Ave | Single Family | 1,548 | B |
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| 310 Se 4th Ave | Single Family | 1,196 | B |
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| 275 Se 2nd Ave | Single Family | 1,942 | B |
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| 420 Se 1st St | Single Family | 1,040 | B |
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| 205 Se 2nd Ave | Single Family | 1,098 | B |
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| 315 Se 3rd Ave | Single Family | 1,548 | B |
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| Po Box 2587 | Vacant Residential | 0 | L | |
| 415 Se 2nd St | Single Family | 1,782 | B |
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| 320 Se 4th Ave | Single Family | 1,000 | B |
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| 325 Se 3rd Ave | Single Family | 1,623 | B |
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| 430 Se 1st St | Single Family | 1,513 | B |
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| 325 Se 4th Ave | Single Family | 1,598 | B |
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| 300 Se 3rd Ave | Single Family | 2,731 | B |
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| 425 Se 1st St | Single Family | 1,000 | B |
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| 425 Se 2nd St | Single Family | 1,000 | B |
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| 270 Se 2nd Ave | Single Family | 1,990 | B |
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| 335 Se 3rd Ave | Single Family | 1,633 | 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 15 of all properties in this area. This suggests it would appeal to someone earning around $30,226 per year who should qualify for a mortgage between $60,452 and $75,565.
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 15 of all properties in this area. This corresponds to a rent of $605 per month and a monthly household income of $2,136 ($25,632 per year)
Nearby Companies
440 Southeast 2nd St
230 Se 4th Ave
225 Se 4th Ave
205 Se 3rd Ave
205 Se 3rd Ave
205 Se 3rd Ave
340 East Palm Beach Rd