404 Park Forest Way, Wellington
Palm Beach County Real Estate - West Palm Beach
West Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 99,919.
The median age for residents of West Palm Beach is 38.1. Around 25.5% of West Palm Beach households include school aged children and 26.9% of households include individuals aged 65 years or over. Census records indicate 56.7% of the West Palm Beach population are White, 32.4% are Black or African American, .4% American Indian, 2.2% Asian and 2.6% are Two or more Races. West Palm Beach has a significant Hispanic population. 22.6% (22,601) of West Palm Beach residents are of Hispanic or Latino origin. Of these 12.41% are of Mexican origin, 14.56% Puerto Rican, 23.61% Cuban and 49.41% are of other Hispanic or Latino origin.
There are 54,179 housing units in West Palm Beach. 11,267 (20.7%) of these were reported as vacant in the 2010 Census. There are 25,318 residential rental units in West Palm Beach. 21,180 of them were occupied in 2010 providing a residential rental vacancy rate of 15.9%.
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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 | |
|---|---|---|---|---|
| 396 Park Forest Way | Single Family | 1,701 | B |
 |
| 412 Park Forest Way | Single Family | 1,873 | B |
|
| 420 Park Forest Way | Single Family | 1,410 | B |
|
| 388 Park Forest Way | Single Family | 1,928 | B |
|
| 370 Wood Dale Dr | Single Family | 1,383 | B |
|
| 413 Park Forest Way | Single Family | 1,701 | B |
|
| 364 Wood Dale Dr | Single Family | 1,415 | B |
|
| 376 Wood Dale Dr | Single Family | 1,383 | B |
|
| 421 Park Forest Way | Single Family | 1,704 | B |
|
| 358 Wood Dale Dr | Single Family | 1,516 | B |
|
| 428 Park Forest Way | Single Family | 1,704 | B |
|
| 397 Park Forest Way | Single Family | 2,150 | B |
|
| 382 Wood Dale Dr | Single Family | 1,516 | B |
|
| 352 Wood Dale Dr | Single Family | 1,383 | B |
|
| 380 Park Forest Way | Single Family | 2,059 | B |
|
| 429 Park Forest Way | Single Family | 1,410 | B |
|
| 12600 Shady Pines Ct | Single Family | 1,383 | B |
|
| 389 Park Forest Way | Single Family | 1,928 | B |
|
| 420 Oak Shadow Way | Single Family | 1,704 | B |
|
| 436 Park Forest Way | Single Family | 1,701 | B |
|
| 372 Park Forest Way | Single Family | 2,341 | B |
|
| 430 Oak Shadow Way | Single Family | 1,701 | B |
|
| 437 Park Forest Way | Single Family | 1,704 | B |
|
| 12606 Shady Pines Ct | Single Family | 1,415 | B |
|
| 381 Wood Dale Dr | Single Family | 1,516 | B |
|
| 12595 Timber Ridge Cir | Single Family | 1,928 | B |
|
| 381 Park Forest Way | Single Family | 2,057 | B |
|
| 331 Wood Dale Dr | Single Family | 1,516 | B |
|
| 440 Oak Shadow Way | Single Family | 1,537 | B |
|
| 375 Wood Dale Dr | Single Family | 1,415 | B |
|
| 12612 Shady Pines Ct | Single Family | 1,415 | B |
|
| 325 Wood Dale Dr | Single Family | 1,415 | B |
|
| 364 Park Forest Way | Single Family | 2,190 | B |
|
| 12605 Timber Ridge Cir | Single Family | 1,928 | B |
|
| 445 Park Forest Way | Single Family | 1,701 | B |
|
| 450 Oak Shadow Way | Single Family | 1,537 | B |
|
| 12618 Shady Pines Ct | Single Family | 1,415 | B |
|
| 373 Park Forest Way | Single Family | 1,835 | B |
|
| 444 Park Forest Way | Single Family | 1,832 | B |
|
| 319 Wood Dale Dr | Single Family | 1,383 | B |
|
| 12603 Shady Pines Ct | Single Family | 1,415 | B |
|
| 452 Park Forest Way | Single Family | 1,735 | B |
|
| 340 Wood Dale Dr | Single Family | 2,113 | B |
|
| 12615 Timber Ridge Cir | Single Family | 2,177 | B |
|
| 425 Oak Shadow Way | Single Family | 1,779 | B |
|
| 12624 Shady Pines Ct | Single Family | 1,383 | B |
|
| 12609 Shady Pines Ct | Single Family | 1,415 | B |
|
| 435 Oak Shadow Way | Single Family | 1,701 | B |
|
| 356 Park Forest Way | Single Family | 1,928 | 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 34 of all properties in this area. This suggests it would appeal to someone earning around $56,118 per year who should qualify for a mortgage between $112,236 and $140,295.
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 34 of all properties in this area. This corresponds to a rent of $913 per month and a monthly household income of $3,210 ($38,520 per year)
Nearby Companies
356 Park Forest Way
356 Park Forest Way
420 Park Forest Way
348 Park Forest Way
364 Wood Dale Dr
533 Shady Pine Way
319 Wood Dale Dr
334 Wood Dale Dr
334 Wood Dale Dr
286 Wood Dale Dr
357 Park Forest Way
413 Park Forest Way