808 Lantern Tree Ln, 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 | |
|---|---|---|---|---|
| 806 Lantern Tree Ln | Single Family | 1,649 | B |
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| 820 Lantern Tree Ln | Single Family | 1,681 | B |
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| 794 Lantern Tree Ln | Single Family | 1,001 | B |
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| 822 Lantern Tree Ln | Single Family | 1,375 | B |
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| 792 Lantern Tree Ln | Single Family | 1,069 | B |
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| 830 Lantern Tree Ln | Single Family | 1,468 | B |
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| 815 Lantern Tree Ln | Multi-family - less than 10 units | 3,044 | B |
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| 12440 Guilford Way | Single Family | 1,827 | B |
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| 12444 Guilford Way | Single Family | 1,809 | B |
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| 12442 Guilford Way | Single Family | 1,949 | B |
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| 823 Lantern Tree Ln | Single Family | 1,880 | B |
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| 807 Windtree Way | Single Family | 1,945 | B |
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| 789 Windtree Way | Single Family | 2,058 | B |
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| 842 Lantern Tree Ln | Single Family | 1,958 | B |
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| 787 Lantern Tree Ln | Multi-family - less than 10 units | 2,002 | B |
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| 825 Lantern Tree Ln | Single Family | 1,780 | B |
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| 825 Windtree Way | Single Family | 2,575 | B |
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| 771 Windtree Way | Single Family | 2,595 | B |
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| 841 Lantern Tree Ln | Single Family | 1,889 | B |
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| 12438 Guilford Way | Single Family | 1,827 | B |
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| 844 Lantern Tree Ln | Single Family | 1,726 | B |
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| 843 Lantern Tree Ln | Single Family | 1,889 | B |
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| 12450 Guilford Way | Multi-family - less than 10 units | 2,900 | B |
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| 843 Windtree Way | Single Family | 1,689 | B |
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| 753 Windtree Way | Single Family | 2,335 | B |
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| 854 Lantern Tree Ln | Single Family | 1,852 | B |
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| 824 Peppertree Ct | Single Family | 1,402 | B |
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| 826 Peppertree Ct | Single Family | 1,388 | B |
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| 865 Lantern Tree Ln | Single Family | 1,814 | B |
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| 834 Peppertree Ct | Multi-family - less than 10 units | 3,241 | B |
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| 856 Lantern Tree Ln | Single Family | 1,830 | B |
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| 12436 Guilford Way | Single Family | 1,924 | B |
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| 861 Windtree Way | Single Family | 2,095 | B |
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| 12447 Guilford Way | Single Family | 1,807 | B |
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| 12443 Guilford Way | Single Family | 1,832 | B |
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| 814 Peppertree Ct | Multi-family - less than 10 units | 3,587 | B |
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| 863 Lantern Tree Ln | Single Family | 1,738 | B |
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| 12449 Guilford Way | Single Family | 1,650 | B |
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| 12441 Guilford Way | Single Family | 1,844 | B |
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| 792 Windtree Way | Single Family | 1,744 | B |
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| 808 Windtree Way | Single Family | 2,201 | B |
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| 735 Windtree Way | Single Family | 3,227 | B |
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| 776 Windtree Way | Single Family | 2,638 | B |
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| 12451 Guilford Way | Single Family | 1,650 | B |
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| 866 Lantern Tree Ln | Single Family | 1,645 | B |
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| 824 Windtree Way | Single Family | 2,067 | B |
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| 12434 Guilford Way | Single Family | 2,022 | B |
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| 12453 Guilford Way | Single Family | 1,086 | 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 16 of all properties in this area. This suggests it would appeal to someone earning around $31,478 per year who should qualify for a mortgage between $62,956 and $78,695.
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 16 of all properties in this area. This corresponds to a rent of $625 per month and a monthly household income of $2,177 ($26,124 per year)
Nearby Companies
12451 Guilford Way
12463 Guilford Way
12445 Guilford Way
12445 Guilford Way
825 Windtree Way
872 Windtree Way