2727 Danforth Ter, 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 | |
|---|---|---|---|---|
| 2733 Danforth Ter | Single Family | 4,100 | B |
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| 2719 Danforth Ter | Single Family | 2,808 | B |
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| 2713 Danforth Ter | Single Family | 4,709 | B |
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| 2737 Danforth Ter | Single Family | 2,808 | B |
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| 2724 Danforth Ter | Single Family | 4,709 | B |
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| 2730 Danforth Ter | Single Family | 4,658 | B |
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| 2718 Danforth Ter | Single Family | 4,149 | B |
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| 2740 Danforth Ter | Single Family | 4,709 | B |
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| 2707 Danforth Ter | Single Family | 4,515 | B |
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| 2743 Danforth Ter | Single Family | 4,571 | B |
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| 2712 Danforth Ter | Single Family | 4,592 | B |
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| 2701 Danforth Ter | Single Family | 3,984 | B |
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| 2706 Danforth Ter | Single Family | 4,102 | B |
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| 2716 Cooper Way | Single Family | 3,640 | B |
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| 2754 Danforth Ter | Single Family | 4,709 | B |
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| 2749 Danforth Ter | Single Family | 4,571 | B |
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| 2710 Cooper Way | Single Family | 4,515 | B |
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| 2700 Danforth Ter | Single Family | 3,182 | B |
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| 2695 Danforth Ter | Single Family | 3,182 | B |
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| 2755 Danforth Ter | Single Family | 4,709 | B |
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| 2760 Danforth Ter | Single Family | 4,592 | B |
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| 2722 Cooper Way | Single Family | 4,571 | B |
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| 2704 Cooper Way | Single Family | 3,361 | B |
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| 2757 Danforth Ter | Single Family | 4,541 | B |
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| 2689 Danforth Ter | Single Family | 3,999 | B |
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| 2698 Cooper Way | Single Family | 4,500 | B |
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| 2766 Danforth Ter | Single Family | 4,723 | B |
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| 9274 Delemar Ct | Single Family | 4,541 | B |
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| 2717 Cooper Way | Single Family | 4,627 | B |
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| 2727 Eleanor Way | Single Family | 4,709 | B |
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| 2683 Danforth Ter | Single Family | 4,010 | B |
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| 2717 Eleanor Way | Single Family | 4,515 | B |
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| 2767 Danforth Ter | Single Family | 4,653 | B |
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| 9270 Delemar Ct | Single Family | 4,592 | 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 87 of all properties in this area. This suggests it would appeal to someone earning around $181,358 per year who should qualify for a mortgage between $362,716 and $453,395.
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 87 of all properties in this area. This corresponds to a rent of $1,902 per month and a monthly household income of $6,029 ($72,348 per year)
Nearby Companies
2712 Danforth Ter
2727 Eleanor Way
2706 Danforth Ter
2689 Danforth Ter
2683 Danforth Ter
9270 Delemar Ct
9270 Delemar Ct
2755 Danforth Ter
2749 Danforth Ter
2772 Danforth Ter
2772 Danforth Ter
2772 Danforth Ter
2757 Danforth Ter
2727 Danforth Ter
2727 Danforth Ter
2727 Danforth Ter