10770 Versailles Blvd, Wellington
Palm Beach County Real Estate - Lake Worth
Lake Worth is in South East Florida. It's population as recorded in the 2010 Census was 34,910. Lake Worth is approximately 58 miles from Miami (population 399,457) and around 54 miles from Hialeah (population 224,669).
The median age for residents of Lake Worth is 35. Around 30.1% of Lake Worth households include school aged children and 22.1% of households include individuals aged 65 years or over. Census records indicate 60% of the Lake Worth population are White, 19.8% are Black or African American, 5.6% American Indian, .9% Asian and 4.5% are Two or more Races. Lake Worth has a significant Hispanic population. 39.6% (13,834) of Lake Worth residents are of Hispanic or Latino origin. Of these 19.98% are of Mexican origin, 10.21% Puerto Rican, 10.39% Cuban and 59.4% are of other Hispanic or Latino origin.
There are 16,473 housing units in Lake Worth. 3,515 (21.3%) of these were reported as vacant in the 2010 Census. There are 7,843 residential rental units in Lake Worth. 6,535 of them were occupied in 2010 providing a residential rental vacancy rate of 16.1%.
Lake Worth 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 | |
|---|---|---|---|---|
| 10774 Versailles Blvd | Single Family | 4,369 | A |
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| 10776 Versailles Blvd | Single Family | 6,379 | A |
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| 10771 Versailles Blvd | Single Family | 5,682 | A |
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| 10778 Versailles Blvd | Single Family | 6,439 | A |
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| 10762 Versailles Blvd | Single Family | 4,143 | A |
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| 10775 Versailles Blvd | Single Family | 5,181 | A |
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| 10763 Versailles Blvd | Single Family | 4,078 | A |
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| 3420 Collonade Dr | Single Family | 3,477 | A |
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| 10779 Versailles Blvd | Single Family | 5,535 | A |
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| 3416 Collonade Dr | Single Family | 3,966 | B |
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| 3424 Collonade Dr | Single Family | 3,957 | B |
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| 10758 Versailles Blvd | Single Family | 4,032 | A |
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| 10759 Versailles Blvd | Single Family | 4,181 | A |
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| 3428 Collonade Dr | Single Family | 4,008 | B |
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| 3412 Collonade Dr | Single Family | 4,007 | B |
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| 3432 Collonade Dr | Single Family | 3,919 | B |
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| 10754 Versailles Blvd | Single Family | 5,362 | A |
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| 10755 Versailles Blvd | Single Family | 6,415 | A |
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| 3436 Collonade Dr | Single Family | 4,232 | B |
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| 3415 Collonade Dr | Single Family | 3,948 | A |
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| 3438 Collonade Dr | Single Family | 4,012 | B |
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| 10750 Versailles Blvd | Single Family | 7,386 | A |
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| 3425 Collonade Dr | Single Family | 4,232 | B |
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| 3417 Collonade Dr | Single Family | 4,012 | B |
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| 3433 Collonade Dr | Single Family | 4,007 | B |
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| 10747 Versailles Blvd | Single Family | 5,682 | A |
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| 10350 Versailles Blvd | Undefined - Reserved for Use by Department of Revenue | 940 | A |
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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 97 of all properties in this area. This suggests it would appeal to someone earning around $407,050 per year who should qualify for a mortgage between $814,100 and $1,017,625.
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 97 of all properties in this area. This corresponds to a rent of $2,700 per month and a monthly household income of $8,478 ($101,736 per year)
Nearby Companies
10778 Versailles Blvd
10778 Versailles Blvd
10771 Versailles Blvd
10759 Versailles Blvd
10759 Versailles Blvd
10766 Versailles Blvd
10766 Versailles Blvd
10770 Versailles Blvd
10758 Versailles Blvd
10758 Versailles Blvd
3417 Collonade Dr