2258 Balsan 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 | |
|---|---|---|---|---|
| 2254 Balsan Way | Single Family | 4,059 | B |
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| 2262 Balsan Way | Single Family | 4,104 | B |
|
| 2250 Balsan Way | Single Family | 4,042 | B |
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| 2266 Balsan Way | Single Family | 3,600 | B |
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| 2246 Balsan Way | Single Family | 3,453 | B |
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| 2261 Balsan Way | Single Family | 4,083 | B |
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| 2253 Balsan Way | Single Family | 3,347 | B |
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| 2257 Balsan Way | Single Family | 3,630 | B |
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| 2242 Balsan Way | Single Family | 3,448 | B |
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| 2249 Balsan Way | Single Family | 3,024 | B |
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| 2245 Balsan Way | Single Family | 3,980 | B |
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| 2238 Balsan Way | Single Family | 4,104 | B |
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| 9043 Alexandra Cir | Single Family | 4,121 | B |
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| 9041 Alexandra Cir | Single Family | 4,121 | B |
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| 9045 Alexandra Cir | Single Family | 3,339 | B |
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| 9039 Alexandra Cir | Single Family | 4,042 | B |
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| 2241 Balsan Way | Single Family | 3,339 | B |
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| 9047 Alexandra Cir | Single Family | 2,956 | B |
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| 9037 Alexandra Cir | Single Family | 3,290 | B |
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| 2234 Balsan Way | Single Family | 3,453 | B |
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| 2237 Balsan Way | Single Family | 3,575 | B |
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| 9035 Alexandra Cir | Single Family | 4,042 | B |
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| 9051 Alexandra Cir | Single Family | 3,318 | B |
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| 9033 Alexandra Cir | Single Family | 4,059 | B |
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| 2231 Balsan Way | Single Family | 4,104 | B |
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| 2230 Balsan Way | Single Family | 3,908 | B |
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| 9031 Alexandra Cir | Single Family | 2,789 | B |
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| 2200 Alworth Ter | Single Family | 2,716 | B |
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| 2193 Alworth Ter | Single Family | 3,552 | B |
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| 9042 Alexandra Cir | Single Family | 3,339 | B |
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| 9044 Alexandra Cir | Single Family | 4,121 | B |
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| 9040 Alexandra Cir | Single Family | 2,997 | B |
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| 9046 Alexandra Cir | Single Family | 3,133 | B |
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| 9029 Alexandra Cir | Single Family | 3,453 | B |
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| 9038 Alexandra Cir | Single Family | 3,275 | B |
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| 2225 Balsan Way | Single Family | 4,121 | B |
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| 9048 Alexandra Cir | Single Family | 3,275 | B |
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| 2196 Alworth Ter | Single Family | 3,980 | 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 83 of all properties in this area. This suggests it would appeal to someone earning around $158,681 per year who should qualify for a mortgage between $317,362 and $396,703.
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 83 of all properties in this area. This corresponds to a rent of $1,763 per month and a monthly household income of $5,571 ($66,852 per year)
Nearby Companies
9044 Alexandra Cir
9044 Alexandra Cir
2262 Balsan Way
9047 Alexandra Cir
2246 Balsan Way
2249 Balsan Way
9031 Alexandra Cir
2242 Balsan Way
2258 Balsan Way
2237 Balsan Way
2237 Balsan Way