12611 Mallet Cir, 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 | |
|---|---|---|---|---|
| 12629 Mallet Cir | Single Family | 2,606 | B |
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| 12605 Mallet Cir | Single Family | 2,219 | B |
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| 12635 Mallet Cir | Single Family | 2,579 | B |
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| 12599 Mallet Cir | Single Family | 2,629 | B |
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| 12593 Mallet Cir | Single Family | 2,292 | B |
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| 12606 Mallet Cir | Single Family | 2,377 | B |
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| 12612 Mallet Cir | Single Family | 2,603 | B |
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| 12618 Mallet Cir | Single Family | 2,622 | B |
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| 12600 Mallet Cir | Single Family | 2,598 | B |
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| 12624 Mallet Cir | Single Family | 2,310 | B |
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| 12587 Mallet Cir | Single Family | 2,121 | B |
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| 12594 Mallet Cir | Single Family | 2,629 | B |
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| 12630 Mallet Cir | Single Family | 2,611 | B |
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| 12636 Mallet Cir | Single Family | 2,589 | B |
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| 12588 Mallet Cir | Single Family | 2,629 | B |
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| 12575 Mallet Cir | Single Family | 2,121 | B |
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| 12582 Mallet Cir | Single Family | 2,629 | B |
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| 12563 Mallet Cir | Single Family | 2,594 | B |
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| 12576 Mallet Cir | Single Family | 2,606 | B |
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| 12557 Mallet Cir | Single Family | 2,255 | B |
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| 12570 Mallet Cir | Single Family | 2,606 | B |
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| 12564 Mallet Cir | Single Family | 2,604 | B |
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| 12539 Mallet Cir | Single Family | 2,121 | B |
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| 12558 Mallet Cir | Single Family | 2,636 | B |
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| 12527 Mallet Cir | Single Family | 2,635 | B |
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| 12521 Mallet Cir | Single Family | 2,786 | 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 85 of all properties in this area. This suggests it would appeal to someone earning around $168,081 per year who should qualify for a mortgage between $336,162 and $420,203.
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 85 of all properties in this area. This corresponds to a rent of $1,845 per month and a monthly household income of $5,803 ($69,636 per year)
Nearby Companies
12606 Mallet Cir
12606 Mallet Cir
12600 Mallet Cir
12575 Mallet Cir
12582 Mallet Cir
12576 Mallet Cir