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:

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

AddressTypeSq FtClass 
2378 Simonson Dr Single Family 2,621 B
2390 Simonson Dr Single Family 4,104 B
2372 Simonson Dr Single Family 3,574 B
2383 Simonson Dr Single Family 3,401 B
2366 Simonson Dr Single Family 4,121 B
2389 Simonson Dr Single Family 3,604 B
2371 Simonson Dr Single Family 3,781 B
9850 Shepard Pl Single Family 2,643 B
9842 Shepard Pl Single Family 3,339 B
2360 Simonson Dr Single Family 3,756 B
9858 Shepard Pl Single Family 2,643 B
9838 Shepard Pl Single Family 2,956 B
9875 Shepard Pl Single Family 3,467 B
9862 Shepard Pl Single Family 3,756 B
9834 Shepard Pl Single Family 3,678 B
9877 Shepard Pl Single Family 3,318 B
9866 Shepard Pl Single Family 3,273 B
2354 Simonson Dr Single Family 4,104 B
2342 Simonson Dr Single Family 3,678 B
2336 Simonson Dr Single Family 3,716 B
9830 Shepard Pl Single Family 3,453 B
9870 Shepard Pl Single Family 4,059 B
2330 Simonson Dr Single Family 2,643 B
9874 Shepard Pl Single Family 3,997 B
9826 Shepard Pl Single Family 2,716 B
2324 Simonson Dr Single Family 3,756 B
9822 Shepard Pl Single Family 3,401 B
2365 Waburton Ter Single Family 2,643 B
2359 Waburton Ter Single Family 2,568 B
2371 Waburton Ter Single Family 3,038 B
2355 Waburton Ter Single Family 3,756 B
2375 Waburton Ter Single Family 2,789 B
2347 Waburton Ter Single Family 3,361 B
9818 Shepard Pl Single Family 2,643 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 81 of all properties in this area. This suggests it would appeal to someone earning around $150,863 per year who should qualify for a mortgage between $301,726 and $377,158.

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 81 of all properties in this area. This corresponds to a rent of $1,695 per month and a monthly household income of $5,467 ($65,604 per year)

Nearby Companies

Perlong LLC
2336 Simonson Dr
Binay Investment LLC
2324 Simonson Dr
Nepa Robotics LLC
2324 Simonson Dr
Binay Charitable Corporation
2324 Simonson Dr
Nabya Investments Inc
2324 Simonson Dr
A. Giannone Corp.
2389 Simonson Dr
Lfm Programming, LLC
2354 Simonson Dr
E.G Riggins LLC
2384 Simonson Dr
Empyre Elite LLC
9842 Shepard Pl
Rnm Golf Inc.
2371 Waburton Ter
Wraiven Marketing, LLC
9818 Shepard Pl
Sean P Siegrist, Pa
9818 Shepard Pl
Disclaimers and Disclosures

Public Records Data

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