1269 Mystic Way, 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 | |
|---|---|---|---|---|
| 1281 Mystic Way | Single Family | 1,919 | B |
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| 1257 Mystic Way | Single Family | 2,211 | B |
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| 1245 Mystic Way | Single Family | 2,342 | B |
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| 1293 Mystic Way | Single Family | 2,766 | B |
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| 1274 Mystic Way | Single Family | 2,342 | B |
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| 1288 Mystic Way | Single Family | 1,790 | B |
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| 1262 Mystic Way | Single Family | 1,740 | B |
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| 1300 Mystic Way | Single Family | 1,786 | B |
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| 1233 Mystic Way | Single Family | 2,319 | B |
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| 1305 Mystic Way | Single Family | 2,377 | B |
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| 1248 Mystic Way | Single Family | 1,937 | B |
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| 1081 Hickory Trl | Single Family | 2,358 | B |
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| 1314 Mystic Way | Single Family | 1,911 | B |
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| 1282 Essex Dr | Single Family | 2,399 | B |
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| 1292 Essex Dr | Single Family | 2,433 | B |
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| 1221 Mystic Way | Single Family | 1,963 | B |
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| 1317 Mystic Way | Single Family | 2,998 | B |
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| 1272 Essex Dr | Single Family | 2,181 | B |
|
| 1302 Essex Dr | Single Family | 1,971 | B |
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| 1077 Hickory Trl | Single Family | 2,242 | B |
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| 1222 Mystic Way | Single Family | 1,871 | B |
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| 1087 Hickory Trl | Single Family | 2,395 | B |
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| 1262 Essex Dr | Single Family | 2,558 | B |
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| 1069 Hickory Trl | Single Family | 2,343 | B |
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| 1340 Mystic Way | Single Family | 1,720 | B |
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| 1312 Essex Dr | Single Family | 2,424 | B |
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| 12225 Stratford St | Single Family | 2,546 | B |
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| 1209 Mystic Way | Single Family | 2,217 | B |
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| 1061 Hickory Trl | Single Family | 2,292 | B |
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| 1341 Mystic Way | Single Family | 2,680 | B |
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| 1210 Mystic Way | Single Family | 1,829 | B |
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| 12217 Stratford St | Single Family | 2,182 | B |
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| 1322 Essex Dr | Single Family | 2,741 | B |
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| 1053 Hickory Trl | Single Family | 2,063 | B |
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| 1091 Hickory Trl | Single Family | 2,384 | B |
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| 12209 Stratford St | Single Family | 2,295 | B |
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| 1197 Mystic Way | Single Family | 2,427 | B |
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| 1332 Essex Dr | Single Family | 2,279 | B |
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| 1291 Essex Dr | Single Family | 1,971 | B |
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| 1277 Essex Dr | Single Family | 2,013 | B |
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| 1045 Hickory Trl | Single Family | 2,023 | B |
|
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 60 of all properties in this area. This suggests it would appeal to someone earning around $95,314 per year who should qualify for a mortgage between $190,628 and $238,285.
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 60 of all properties in this area. This corresponds to a rent of $1,271 per month and a monthly household income of $4,279 ($51,348 per year)
Nearby Companies
1319 Essex Dr
1319 Essex Dr
1319 Essex Dr
1257 Mystic Way
1257 Mystic Way
1305 Mystic Way
1281 Mystic Way
1281 Mystic Way
1262 Mystic Way
1314 Mystic Way
1314 Mystic Way
12201 Stratford St
12165 Stratford St
12165 Stratford St