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%.

West Palm Beach links:

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

AddressTypeSq FtClass 
635 57th St Single Family 837 B
625 57th St Single Family 1,149 B
637 57th St Single Family 855 B
621 57th St Single Family 1,498 B
628 58th St Single Family 1,079 B
58th St Vacant Residential 0 L
632 58th St Single Family 812 B
620 58th St Single Family 1,587 B
636 58th St Single Family 811 B
641 57th St Single Family 1,647 B
632 57th St Multi-family - less than 10 units 2,412 B
626 57th St Single Family 2,018 B
617 57th St Single Family 1,128 B
618 58th St Multi-family - less than 10 units 1,276 B
640 58th St Single Family 1,298 B
636 57th St Single Family 2,070 B
620 57th St Multi-family - less than 10 units 1,593 B
647 57th St Single Family 1,062 B
640 57th St Single Family 984 B
618 57th St Multi-family - less than 10 units 1,443 B
612 58th St Single Family 1,608 B
644 58th St Single Family 1,525 B
615 57th St Single Family 1,375 B
625 58th St Single Family 2,534 B
646 57th St Single Family 780 B
629 56th St Single Family 1,428 B
627 56th St Vacant Residential 0 L
627 58th St Single Family 1,167 B
635 56th St Multi-family - less than 10 units 1,615 B
621 56th St Single Family 1,332 B
621 58th St Single Family 1,377 B
629 58th St Multi-family - less than 10 units 2,326 B
608 58th St Multi-family - less than 10 units 794 B
637 56th St Single Family 818 B
617 56th St Single Family 1,233 B
608 57th St Single Family 1,590 B
619 58th St Single Family 1,233 B
641 58th St Multi-family - less than 10 units 1,051 B
607 57th St Single Family 795 B
701 57th St Multi-family - less than 10 units 1,280 C
615 56th St Single Family 1,006 B
643 56th St Single Family 1,126 B
645 58th St Single Family 964 B
615 58th St Single Family 1,192 B
700 57th St Single Family 821 B
5811 Broadway Auto sales, auto repair and storage or auto service shop 1,128 B
704 58th St Single Family 1,285 B
5817 Broadway Auto sales, auto repair and storage or auto service shop 394 B
705 57th St Single Family 973 B

Local Household Income

The median household income in this part of Florida is $47,354. The bottom 10% of the population earn less than $12,913 per year. The top 10% earn more than $158,251 per year. The top 1% earn more than $683,394 per year. Most renters earn between $26,016 (20th percentile) and $44,580 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $94,708 and $118,385.

The tax assessed value of this property places it in percentile 12 of all properties in this area. This suggests it would appeal to someone earning around $14,785 per year who should qualify for a mortgage between $29,570 and $36,963.

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 $1,000. Most renters earn between $2,168 and $3,715 per month. They typically spend 35.5% of their monthly income on rent. Most rents fall in the $716 (20th percentile) to $1,364 (80th percentile) range. The residential vacancy rate is 9%.

This property falls in percentile 12 of all properties in this area. This corresponds to a rent of $615 per month and a monthly household income of $1,707 ($20,484 per year)

Nearby Companies

5901 Broadway "LLC"
5901 Broadway
Epicurius Corporation
704 57th St
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

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