1464 Old Cypress Trl, 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 | |
|---|---|---|---|---|
| 1450 Old Cypress Trl | Single Family | 2,113 | B |
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| 1488 Old Cypress Trl | Single Family | 2,020 | B |
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| Birkdale Dr | Government Undefined | 0 | L | |
| 1502 Old Cypress Trl | Single Family | 2,058 | B |
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| 1436 Old Cypress Trl | Single Family | 2,950 | B |
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| 1501 Old Cypress Trl | Single Family | 2,746 | B |
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| 11396 Pine Valley Dr | Single Family | 2,098 | B |
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| 11410 Pine Valley Dr | Single Family | 2,792 | B |
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| 1437 Old Cypress Trl | Single Family | 2,698 | B |
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| 11378 Pine Valley Dr | Single Family | 2,673 | B |
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| 1516 Old Cypress Trl | Single Family | 2,372 | B |
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| 11408 Pine Valley Dr | Single Family | 2,488 | B |
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| 1441 Red Pine Trl | Single Family | 2,408 | B |
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| 1453 Red Pine Trl | Single Family | 2,192 | B |
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| 1422 Old Cypress Trl | Single Family | 2,880 | B |
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| 11341 Coralwood Ct | Single Family | 2,536 | B |
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| 11362 Pine Valley Dr | Single Family | 3,207 | B |
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| 1431 Red Pine Trl | Single Family | 2,309 | B |
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| 1463 Red Pine Trl | Single Family | 2,176 | B |
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| 1423 Pine Valley Dr | Single Family | 2,507 | B |
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| 11347 Coralwood Ct | Single Family | 2,528 | B |
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| 1421 Old Cypress Trl | Single Family | 3,105 | B |
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| 1530 Old Cypress Trl | Single Family | 2,445 | B |
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| 1475 Red Pine Trl | Single Family | 2,116 | B |
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| 1408 Old Cypress Trl | Single Family | 2,560 | B |
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| 1419 Red Pine Trl | Single Family | 2,924 | B |
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| 11330 Pine Valley Dr | Single Family | 2,037 | B |
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| 11353 Coralwood Ct | Single Family | 2,535 | B |
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| 1417 Pine Valley Dr | Single Family | 2,884 | B |
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| 1412 Pinetta Cir | Single Family | 2,212 | B |
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| 1411 Pinetta Cir | Single Family | 2,034 | B |
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| 1409 Old Cypress Trl | Single Family | 2,604 | B |
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| 11377 Pine Valley Dr | Single Family | 2,409 | B |
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| 1487 Red Pine Trl | Single Family | 2,307 | B |
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| 1544 Old Cypress Trl | Single Family | 1,919 | B |
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| 1430 Red Pine Trl | Single Family | 2,514 | B |
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| 1458 Red Pine Trl | Single Family | 2,503 | B |
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| 1549 Old Cypress Trl | Single Family | 2,391 | B |
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| 1406 Pine Valley Dr | Single Family | 2,510 | B |
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| 1409 Red Pine Trl | Single Family | 1,894 | B |
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| 11314 Pine Valley Dr | Single Family | 2,029 | 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 61 of all properties in this area. This suggests it would appeal to someone earning around $97,087 per year who should qualify for a mortgage between $194,174 and $242,718.
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 61 of all properties in this area. This corresponds to a rent of $1,290 per month and a monthly household income of $4,297 ($51,564 per year)
Nearby Companies
1450 Old Cypress Trl
1436 Old Cypress Trl
1464 Old Cypress Trl
111-35 Pine Valley Dr
1409 Red Pine Trl
1409 Red Pine Trl
1409 Red Pine Trl