1631 16th Way, West Palm Beach
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%.
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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 | |
|---|---|---|---|---|
| 1802 18th Way | Single Family | 1,236 | B |
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| 1632 16th Way | Single Family | 1,236 | B |
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| 1801 18th Way | Single Family | 1,236 | B |
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| 1630 16th Way | Single Family | 1,236 | B |
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| 1627 16th Way | Single Family | 1,236 | B |
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| 1803 18th Way | Single Family | 1,236 | B |
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| 1626 16th Way | Single Family | 1,236 | B |
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| 1601 16th Way | Single Family | 1,236 | B |
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| 1629 16th Way | Single Family | 1,236 | B |
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| 1628 16th Way | Single Family | 1,236 | B |
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| 1603 16th Way | Single Family | 1,236 | B |
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| 1804 18th Way | Single Family | 1,236 | B |
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| 1409 14th Way | Single Family | 1,236 | B |
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| 1604 16th Way | Single Family | 1,236 | B |
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| 1905 19th Way | Single Family | 1,236 | B |
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| 1602 16th Way | Single Family | 1,236 | B |
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| 1625 16th Way | Single Family | 1,236 | B |
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| 1408 14th Way | Single Family | 1,236 | B |
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| 2217 22nd Way | Single Family | 1,236 | B |
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| 1607 16th Way | Single Family | 1,236 | B |
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| 1605 16th Way | Single Family | 1,236 | B |
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| 2218 22nd Way | Single Family | 1,236 | B |
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| 1906 19th Way | Single Family | 1,236 | B |
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| 1624 16th Way | Single Family | 1,236 | B |
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| 1606 16th Way | Single Family | 1,236 | B |
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| 1407 14th Way | Single Family | 1,236 | B |
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| 1902 19th Way | Single Family | 1,236 | B |
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| 1608 16th Way | Single Family | 1,236 | B |
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| 1903 19th Way | Single Family | 1,236 | B |
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| 1907 19th Way | Single Family | 1,236 | B |
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| 2219 22nd Way | Single Family | 1,236 | B |
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| 1609 16th Way | Single Family | 1,236 | B |
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| 1406 14th Way | Single Family | 1,236 | B |
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| 1701 17th Way | Single Family | 1,236 | B |
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| 1621 16th Way | Single Family | 1,236 | B |
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| 1901 19th Way | Single Family | 1,236 | B |
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| 1904 19th Way | Single Family | 1,236 | B |
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| 1620 16th Way | Single Family | 1,236 | B |
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| 1623 16th Way | Single Family | 1,236 | B |
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| 1731 17th Way | Single Family | 1,236 | B |
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| 1501 15th Way | Single Family | 1,236 | B |
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| 1702 17th Way | Single Family | 1,236 | B |
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| 1704 17th Way | Single Family | 1,236 | B |
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| 2215 22nd Way | Single Family | 1,236 | B |
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| 1502 15th Way | Single Family | 1,236 | B |
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| 1401 14th Way | Single Family | 1,236 | B |
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| 2220 22nd Way | Single Family | 1,236 | B |
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| 2221 22nd Way | Single Family | 1,236 | B |
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| 1908 19th Way | Single Family | 1,236 | B |
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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 46 of all properties in this area. This suggests it would appeal to someone earning around $43,815 per year who should qualify for a mortgage between $87,630 and $109,538.
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 46 of all properties in this area. This corresponds to a rent of $967 per month and a monthly household income of $2,758 ($33,096 per year)
Nearby Companies
1716 17th Way
505 15th St
505 15th St
1502 15th Way
1728 17th Way
1904 19th Way
1903 19th Way
1617 16th Way
2212 22nd Way