172 Cypress Trce, Royal Palm Beach
Palm Beach County Real Estate - Palm Beach Gardens
Palm Beach Gardens is in South East Florida. It's population as recorded in the 2010 Census was 48,452. Palm Beach Gardens is approximately 67 miles from Hialeah (population 224,669) and around 48 miles from Fort Lauderdale (population 165,521).
The median age for residents of Palm Beach Gardens is 48.3. Around 20.8% of Palm Beach Gardens households include school aged children and 37.2% of households include individuals aged 65 years or over. Census records indicate 89.2% of the Palm Beach Gardens population are White, 4.4% are Black or African American, .1% American Indian, 3.1% Asian and 1.6% are Two or more Races.
There are 27,663 housing units in Palm Beach Gardens. 4,859 (17.5%) of these were reported as vacant in the 2010 Census. Palm Beach Gardens is a tourist destination, 56.1% (2,726) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 7,196 residential rental units in Palm Beach Gardens. 6,327 of them were occupied in 2010 providing a residential rental vacancy rate of 11.1%.
Palm Beach Gardens 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 | |
|---|---|---|---|---|
| 174 Cypress Trce | Single Family | 2,771 | B |
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| 168 Cypress Trce | Single Family | 3,256 | B |
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| 176 Cypress Trce | Single Family | 2,816 | B |
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| 163 Cypress Trce | Single Family | 2,614 | B |
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| 161 Cypress Trce | Single Family | 2,438 | B |
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| 165 Cypress Trce | Single Family | 3,343 | B |
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| 178 Cypress Trce | Single Family | 2,906 | B |
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| 159 Cypress Trce | Single Family | 2,505 | B |
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| 166 Cypress Trce | Single Family | 3,275 | B |
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| 166 Fernwood Cres | Single Family | 2,077 | B |
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| 759 Hibiscus Dr | Single Family | 1,357 | B |
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| 101 Fernwood Cres | Single Family | 3,160 | B |
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| 180 Cypress Trce | Single Family | 3,184 | B |
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| 753 Hibiscus Dr | Single Family | 908 | B |
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| 168 Fernwood Cres | Single Family | 3,191 | B |
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| 164 Cypress Trce | Single Family | 3,191 | B |
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| 771 Hibiscus Dr | Single Family | 1,541 | B |
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| 164 Fernwood Cres | Single Family | 2,582 | B |
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| 749 Hibiscus Dr | Single Family | 1,486 | B |
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| 162 Cypress Trce | Single Family | 3,142 | B |
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| 779 Hibiscus Dr | Single Family | 1,221 | B |
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| 743 Hibiscus Dr | Single Family | 1,350 | B |
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| 785 Hibiscus Dr | Single Family | 893 | B |
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| 103 Fernwood Cres | Single Family | 3,062 | B |
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| 735 Hibiscus Dr | Single Family | 1,667 | B |
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| 182 Cypress Trce | Single Family | 3,156 | B |
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| 160 Cypress Trce | Single Family | 3,200 | B |
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| 162 Fernwood Cres | Single Family | 2,461 | B |
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| 789 Hibiscus Dr | Single Family | 939 | B |
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| 729 Hibiscus Dr | Single Family | 1,610 | B |
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| 100 Fernwood Cres | Single Family | 2,580 | B |
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| 155 Cypress Trce | Single Family | 2,500 | B |
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| 325 Fernwood Rd 10 | Condominium | 474 | B |
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| 462 Fernwood Rd A | Condominium | 3,624 | B |
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| 240 Fernwood Rd 101 | Condominium | 1,756 | B |
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| 325 Fernwood Rd 11 | Condominium | 474 | B |
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| 596 Fernwood Rd B | Condominium | 1,650 | B |
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| 580 Fernwood Rd 580 | Condominium | 1,988 | B |
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| 422 Fernwood Rd 422 | Condominium | 2,092 | B |
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| 325 Fernwood Rd 12 | Condominium | 474 | B |
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| 444 Fernwood Rd 444 | Condominium | 2,088 | B |
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| 592 Fernwood Rd B | Condominium | 1,700 | B |
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| 668 Fernwood Rd 2 | Condominium | 1,768 | B |
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| 664 Fernwood Rd 1 | Condominium | 1,768 | B |
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| 325 Fernwood Rd 15 | Condominium | 474 | B |
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| 325 Fernwood Rd 2 | Condominium | 474 | B |
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| 325 Fernwood Rd 1 | Condominium | 474 | B |
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| 424 Fernwood Rd 424 | Condominium | 2,092 | B |
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| 325 Fernwood Rd 4 | Condominium | 474 | 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 77 of all properties in this area. This suggests it would appeal to someone earning around $136,019 per year who should qualify for a mortgage between $272,038 and $340,048.
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 77 of all properties in this area. This corresponds to a rent of $1,586 per month and a monthly household income of $5,169 ($62,028 per year)
Nearby Companies
182 Cypress Trce
164 Fernwood Cres
172 Cypress Trce
172 Cypress Trce
759 Hibiscus Dr
594 Fernwood Rd B
163 Fernwood Cres