501 Cypress Xing, Wellington
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 | |
|---|---|---|---|---|
| 511 Cypress Xing | Single Family | 4,055 | B |
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| 491 Cypress Xing | Single Family | 4,078 | B |
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| 521 Cypress Xing | Single Family | 3,212 | B |
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| 500 Cypress Xing | Single Family | 4,078 | B |
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| 490 Cypress Xing | Single Family | 5,118 | B |
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| 510 Cypress Xing | Single Family | 3,225 | B |
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| 606 Cypress Green Cir | Single Family | 3,225 | B |
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| 531 Cypress Xing | Single Family | 4,067 | B |
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| 520 Cypress Xing | Single Family | 3,213 | B |
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| 612 Cypress Green Cir | Single Family | 4,078 | B |
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| 600 Cypress Green Cir | Single Family | 3,676 | B |
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| 629 Cypress Green Cir | Single Family | 4,055 | B |
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| 593 Cypress Green Cir | Single Family | 4,078 | B |
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| 618 Cypress Green Cir | Single Family | 3,378 | B |
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| 647 Cypress Green Cir | Single Family | 3,675 | B |
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| 530 Cypress Xing | Single Family | 4,055 | B |
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| 659 Cypress Green Cir | Single Family | 4,078 | B |
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| 594 Cypress Green Cir | Single Family | 3,374 | B |
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| 541 Cypress Xing | Single Family | 3,733 | B |
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| 667 Cypress Green Cir | Single Family | 4,055 | B |
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| 624 Cypress Green Cir | Single Family | 3,363 | B |
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| 587 Cypress Green Cir | Single Family | 3,213 | B |
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| 588 Cypress Green Cir | Single Family | 4,078 | B |
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| 551 Cypress Xing | Single Family | 4,078 | B |
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| 630 Cypress Green Cir | Single Family | 3,363 | B |
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| 677 Cypress Green Cir | Single Family | 2,703 | 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 86 of all properties in this area. This suggests it would appeal to someone earning around $173,589 per year who should qualify for a mortgage between $347,178 and $433,973.
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 86 of all properties in this area. This corresponds to a rent of $1,867 per month and a monthly household income of $5,984 ($71,808 per year)
Nearby Companies
491 Cypress Xing
491 Cypress Xing
491 Cypress Xing
684 Cypress Green Cir
600 Cypress Green Cir
600 Cypress Green Cir
600 Cypress Green Cir
594 Cypress Green Cir
624 Cypress Green Cir
551 Cypress Xing
531 Cypress Xing
659 Cypress Green Cir
659 Cypress Green Cir
647 Cypress Green Cir