341 Hibiscus Ave, Palm Beach
Palm Beach County Real Estate - Palm Beach
Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 8,348. Palm Beach is approximately 64 miles from Miami (population 399,457) and around 60 miles from Hialeah (population 224,669).
The median age for residents of Palm Beach is 67.4. Around 7% of Palm Beach households include school aged children and 68.4% of households include individuals aged 65 years or over. Census records indicate 97.4% of the Palm Beach population are White, .6% are Black or African American, 0% American Indian, 1% Asian and .5% are Two or more Races.
There are 9,091 housing units in Palm Beach. 4,292 (47.2%) of these were reported as vacant in the 2010 Census. Palm Beach is a tourist destination, 84.5% (3,627) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 932 residential rental units in Palm Beach. 659 of them were occupied in 2010 providing a residential rental vacancy rate of 27.9%.
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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 | |
|---|---|---|---|---|
| 239 Australian Ave | Single Family | 4,100 | A |
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| 234 Brazilian Ave | Single Family | 4,949 | A |
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| 301 Australian Ave | Hotel or motel | 0 | L | |
| 232 Brazilian Ave | Single Family | 4,959 | A |
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| 355 Hibiscus Ave | Single Family | 3,736 | A |
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| 230 Brazilian Ave | Single Family | 4,995 | A |
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| 236 Australian Ave | Single Family | 3,352 | A |
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| 228 Brazilian Ave | Single Family | 4,936 | A |
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| 300 Australian Ave | Office building, non-professional service building, one story | 4,671 | A |
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| 234 Australian Ave | Multi-family - less than 10 units | 4,198 | B |
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| 359 Hibiscus Ave | Single Family | 3,736 | A |
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| 232 Australian Ave | Multi-family - less than 10 units | 4,239 | B |
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| 358 Hibiscus Ave | Single Family | 3,312 | A |
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| 365 Hibiscus Ave | Single Family | 1,490 | A |
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| 226 Australian Ave | Multi-family - less than 10 units | 3,993 | B |
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| 249 Brazilian Ave | Single Family | 4,396 | A |
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| 310 Australian Ave | Vacant Residential | 3,366 | L |
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| 222 Australian Ave | Multi-family - less than 10 units | 3,640 | B |
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| 235 Chilean Ave | Single Family | 4,178 | A |
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| 247 Chilean Ave | Single Family | 2,596 | B |
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| 314 Australian Ave | Single Family | 1,939 | B |
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| 301 Brazilian Ave | Single Family | 2,729 | A |
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| 245 Brazilian Ave | Single Family | 4,193 | A |
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| 337 Australian Ave | Condominium | 1,622 | B |
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| 335 Australian Ave | Condominium | 1,579 | B |
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| 231 Chilean Ave | Single Family | 2,174 | B |
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| 309 Hibiscus Ave | Single Family | 2,617 | A |
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| 220 Australian Ave | Multi-family - less than 10 units | 3,524 | A |
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| 243 Brazilian Ave | Single Family | 4,193 | A |
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| 307 Chilean Ave | Multi-family - less than 10 units | 2,771 | B |
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| 307 Brazilian Ave | Single Family | 2,881 | B |
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| 324 Brazilian Ave | Single Family | 2,321 | A |
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| 318 Australian Ave | Single Family | 1,960 | B |
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| 220 Brazilian Ave | Single Family | 2,455 | B |
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| 229 Chilean Ave | Single Family | 3,811 | A |
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| 339 Australian Ave | Condominium | 3,623 | B |
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| 341 Australian Ave | Condominium | 1,579 | B |
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| 237 Brazilian Ave | Multi-family - less than 10 units | 5,120 | B |
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| 216 Australian Ave | Multi-family - less than 10 units | 2,664 | B |
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| 313 Chilean Ave | Single Family | 2,291 | B |
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| 329 Australian Ave | Single Family | 4,246 | A |
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| 305 Hibiscus Ave | Single Family | 2,378 | A |
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| 227 Australian Ave | Condominium | 1,287 | B |
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| 225 Chilean Ave | Single Family | 3,949 | A |
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| 343 Australian Ave | Condominium | 1,575 | B |
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| 345 Australian Ave | Condominium | 3,447 | B |
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| 330 Brazilian Ave | Single Family | 5,391 | A |
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| 301 Chilean Ave | Condominium | 210 | B |
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| 315 Chilean Ave | Single Family | 1,571 | B |
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Local Household Income
The median household income in this part of Florida is $47,354. The bottom 10% of the population earn less than $12,913 per year. The top 10% earn more than $158,251 per year. The top 1% earn more than $683,394 per year. Most renters earn between $26,016 (20th percentile) and $44,580 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $94,708 and $118,385.
The tax assessed value of this property places it in percentile 97 of all properties in this area. This suggests it would appeal to someone earning around $416,572 per year who should qualify for a mortgage between $833,144 and $1,041,430.
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 $1,000. Most renters earn between $2,168 and $3,715 per month. They typically spend 35.5% of their monthly income on rent. Most rents fall in the $716 (20th percentile) to $1,364 (80th percentile) range. The residential vacancy rate is 9%.
This property falls in percentile 97 of all properties in this area. This corresponds to a rent of $2,247 per month and a monthly household income of $5,964 ($71,568 per year)
Nearby Companies
234 Brazilian Ave
234 Brazilian Ave
234 Brazilian Ave
234 Brazilian Ave
234 Brazilian Ave
340 Brazilian Ave
309 Hibiscus Ave
243 Brazilian Ave
227 Australian Ave
227 Australian Ave
227 Australian Ave
227 Australian Ave
243 Braizilian Ave
226 Brazilian Ave
232 Brazilian Ave
227 Brazilian Ave
227 Brazilian Ave
227 Brazilian Ave
227 Brazilian Ave
220 Australian Ave
301 Chilean Ave
232 Australian Ave
301 Australian Avenue #303
347 Australian Avenue Unit 5
347 Australian Avenue Unit 5
347 Australian Avenue Unit 5
301 Australian Ave
301 Australian Ave
301 Australian Ave
301 Australian Ave
347 Australian Ave
347 Australian Ave
355 Hibiscus Ave