115 Nw 1st 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%.
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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 | |
|---|---|---|---|---|
| 125 Nw 1st Ave | Single Family | 1,054 | B |
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| 135 Nw 1st Ave | Single Family | 869 | C |
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| 120 Nw 2nd Ave | Multi-family - less than 10 units | 2,348 | B |
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| 101 Nw 1st Ave | Leasehold interests (government owned property leased by a non-governmental lessee) | 1,632 | B |
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| 145 Nw 1st Ave | Single Family | 1,245 | B |
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| 140 Nw 2nd Ave | Single Family | 1,010 | B |
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| 150 Nw 2nd Ave | Single Family | 1,013 | B |
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| 165 Nw 1st Ave | Single Family | 2,490 | B |
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| 160 Nw 2nd Ave | Single Family | 1,606 | B |
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| 170 Nw 2nd Ave | Single Family | 1,013 | B |
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| 115 Nw 2nd Ave | Single Family | 1,210 | B |
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| 105 Nw 2nd Ave | Vacant Residential | 2,880 | L |
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| 125 Nw 2nd Ave | Single Family | 1,156 | B |
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| 135 Nw 2nd Ave | Single Family | 1,321 | B |
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| 195 Nw 1st Ave | Single Family | 1,482 | B |
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| 210 Palm Beach Rd | Church | 3,792 | B |
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| 145 Nw 2nd Ave | Single Family | 1,321 | B |
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| 190 Nw 2nd Ave | Single Family | 1,637 | B |
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| 165 Nw 2nd Ave | Single Family | 1,550 | B |
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| 105 Palm Beach Rd | Forest, park or recreational area | 2,060 | 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 16 of all properties in this area. This suggests it would appeal to someone earning around $31,478 per year who should qualify for a mortgage between $62,956 and $78,695.
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 16 of all properties in this area. This corresponds to a rent of $625 per month and a monthly household income of $2,177 ($26,124 per year)
Nearby Companies
115 Nw 1st Ave
115 Nw 2nd Ave