12516 Teakwood Ct, 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 | |
|---|---|---|---|---|
| 12518 Teakwood Ct | Single Family | 1,676 | B |
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| 12520 Teakwood Ct | Single Family | 1,080 | B |
|
| 1152 Essex Dr | Single Family | 2,049 | B |
|
| 12522 Teakwood Ct | Single Family | 1,107 | B |
|
| 12510 Teakwood Ct | Multi-family - less than 10 units | 3,431 | B |
|
| 12524 Teakwood Ct | Single Family | 1,351 | B |
|
| 1142 Essex Dr | Single Family | 2,168 | B |
|
| 12526 Teakwood Ct | Single Family | 1,493 | B |
|
| 1101 Mystic Way | Single Family | 2,060 | B |
|
| 954 Hickory Trl | Single Family | 1,897 | B |
|
| 1162 Essex Dr | Single Family | 2,294 | B |
|
| 976 Lantern Tree Ln | Multi-family - less than 10 units | 2,996 | B |
|
| 12536 Tylerwood Ct | Single Family | 1,743 | B |
|
| 1113 Mystic Way | Single Family | 2,447 | B |
|
| 12532 Tylerwood Ct | Single Family | 1,789 | B |
|
| 1132 Essex Dr | Single Family | 1,792 | B |
|
| 966 Lantern Tree Ln | Single Family | 1,691 | B |
|
| 12538 Tylerwood Ct | Single Family | 1,833 | B |
|
| 12530 Tylerwood Ct | Single Family | 1,789 | B |
|
| 12517 Guilford Way | Single Family | 1,915 | B |
|
| 958 Hickory Trl | Single Family | 2,239 | B |
|
| 1172 Essex Dr | Single Family | 2,178 | B |
|
| 1125 Mystic Way | Single Family | 2,395 | B |
|
| 952 Lantern Tree Ln | Multi-family - less than 10 units | 3,560 | B |
|
| 12515 Guilford Way | Single Family | 1,815 | B |
|
| 1122 Essex Dr | Single Family | 2,719 | B |
|
| 12540 Tylerwood Ct | Single Family | 1,279 | B |
|
| 1119 Essex Dr | Single Family | 2,224 | B |
|
| 12513 Guilford Way | Single Family | 1,757 | B |
|
| 1100 Mystic Way | Forest, park or recreational area | 0 | L | |
| 942 Lantern Tree Ln | Single Family | 1,748 | B |
|
| 962 Hickory Trl | Single Family | 2,319 | B |
|
| 1137 Mystic Way | Single Family | 2,019 | B |
|
| 1106 Mystic Way | Single Family | 2,046 | B |
|
| 1182 Essex Dr | Single Family | 1,890 | B |
|
| 12511 Guilford Way | Single Family | 1,746 | B |
|
| 12542 Tylerwood Ct | Single Family | 1,279 | B |
|
| 940 Lantern Tree Ln | Single Family | 1,886 | B |
|
| 975 Lantern Tree Ln | Multi-family - less than 10 units | 2,002 | B |
|
| 1112 Essex Dr | Single Family | 2,094 | B |
|
| 1118 Sachem Head Ter | Single Family | 1,981 | B |
|
| 1135 Essex Dr | Single Family | 2,372 | B |
|
| 1118 Mystic Way | Single Family | 2,019 | B |
|
| 12507 Guilford Way | Single Family | 1,746 | B |
|
| 928 Lantern Tree Ln | Single Family | 1,799 | B |
|
| 965 Lantern Tree Ln | Multi-family - less than 10 units | 2,002 | B |
|
| 1149 Mystic Way | Single Family | 2,155 | B |
|
| 966 Hickory Trl | Single Family | 2,350 | 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 20 of all properties in this area. This suggests it would appeal to someone earning around $37,480 per year who should qualify for a mortgage between $74,960 and $93,700.
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 20 of all properties in this area. This corresponds to a rent of $694 per month and a monthly household income of $2,367 ($28,404 per year)
Nearby Companies
1118 Sachem Head Ter
1112 Essex Dr
1125 Mystic Way
12552 Tylerwood Ct
1118 Mystic Way
12510 Teakwood Ct
954 Hickory Trl
954 Hickory Trl
1135 Essex Dr