1047 Bacom Point Rd, Pahokee
Palm Beach County Real Estate - Pahokee
Pahokee is in South East Florida. It's population as recorded in the 2010 Census was 5,649. Pahokee is approximately 58 miles from Fort Lauderdale (population 165,521) and around 37 miles from Port Saint Lucie (population 164,603).
The median age for residents of Pahokee is 33.2. Around 46.1% of Pahokee households include school aged children and 27.5% of households include individuals aged 65 years or over. Census records indicate 28.8% of the Pahokee population are White, 56.1% are Black or African American, .3% American Indian, .3% Asian and 2.9% are Two or more Races. Pahokee has a significant Hispanic population. 33.8% (1,911) of Pahokee residents are of Hispanic or Latino origin. Of these 84.19% are of Mexican origin, 4.13% Puerto Rican, 4.65% Cuban and 7.01% are of other Hispanic or Latino origin.
There are 2,002 housing units in Pahokee. 318 (15.8%) of these were reported as vacant in the 2010 Census. There are 859 residential rental units in Pahokee. 694 of them were occupied in 2010 providing a residential rental vacancy rate of 18%.
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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 | |
|---|---|---|---|---|
| 1063 Bacom Point Rd | Single Family | 2,134 | B |
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| 1029 Bacom Point Rd | Single Family | 1,798 | B |
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| 997 Bacom Point Rd | Single Family | 1,395 | B |
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| 1081 Bacom Point Rd | Single Family | 3,091 | B |
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| 977 Bacom Point Rd | Single Family | 2,933 | B |
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| 915 Bacom Point Rd | Single Family | 1,872 | B |
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| 1121 Bacom Point Rd | Single Family | 3,397 | B |
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| 1147 Bacom Point Rd | Single Family | 1,702 | B |
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| 935 Bacom Point Rd | Vacant Residential | 0 | L | |
| 931 Bacom Point Rd | Single Family | 1,412 | 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 6 of all properties in this area. This suggests it would appeal to someone earning around $16,873 per year who should qualify for a mortgage between $33,746 and $42,183.
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 6 of all properties in this area. This corresponds to a rent of $403 per month and a monthly household income of $1,570 ($18,840 per year)
Nearby Companies
1081 Bacom Point Rd