104 Lancaster Way, Royal Palm Beach
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 | |
|---|---|---|---|---|
| 106 Lancaster Way | Single Family | 2,887 | B |
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| 102 Lancaster Way | Single Family | 1,917 | B |
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| 110 Lancaster Way | Single Family | 2,887 | B |
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| 101 Newberry Ln | Single Family | 2,887 | B |
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| 112 Lancaster Way | Single Family | 2,124 | B |
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| 103 Newberry Ln | Single Family | 2,523 | B |
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| 114 Lancaster Way | Single Family | 2,586 | B |
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| 102 Newberry Ln | Single Family | 1,924 | B |
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| 105 Newberry Ln | Single Family | 1,829 | B |
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| 10288 Anthony Groves Rd | Single Family | 1,646 | B |
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| 104 Newberry Ln | Single Family | 2,843 | B |
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| 116 Lancaster Way | Single Family | 2,099 | B |
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| 107 Newberry Ln | Single Family | 1,917 | B |
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| 106 Newberry Ln | Single Family | 2,887 | B |
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| 118 Lancaster Way | Single Family | 1,924 | B |
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| 2277 Shoma Dr | Condominium | 1,705 | B |
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| 2278 Shoma Dr | Condominium | 1,964 | B |
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| 117 Lancaster Way | Single Family | 1,829 | B |
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| 109 Newberry Ln | Single Family | 2,887 | B |
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| 108 Newberry Ln | Single Family | 2,887 | B |
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| 2276 Shoma Dr | Condominium | 1,701 | B |
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| 120 Lancaster Way | Single Family | 2,947 | B |
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| 119 Lancaster Way | Single Family | 2,170 | B |
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| 111 Newberry Ln | Single Family | 2,523 | B |
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| 110 Newberry Ln | Single Family | 1,966 | B |
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| 2275 Shoma Dr | Condominium | 1,701 | B |
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| 122 Lancaster Way | Single Family | 2,586 | B |
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| 121 Lancaster Way | Single Family | 2,887 | B |
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| 2274 Shoma Dr | Condominium | 1,705 | B |
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| 112 Newberry Ln | Single Family | 2,580 | B |
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| 113 Newberry Ln | Single Family | 2,843 | B |
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| 123 Lancaster Way | Single Family | 2,630 | B |
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| 124 Lancaster Way | Single Family | 2,099 | B |
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| 2273 Shoma Dr | Condominium | 1,843 | B |
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| 114 Newberry Ln | Single Family | 2,099 | B |
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| 115 Newberry Ln | Single Family | 2,523 | 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 47 of all properties in this area. This suggests it would appeal to someone earning around $74,357 per year who should qualify for a mortgage between $148,714 and $185,893.
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 47 of all properties in this area. This corresponds to a rent of $1,107 per month and a monthly household income of $3,735 ($44,820 per year)
Nearby Companies
101 Newberry Ln