425 Palmetto St, West Palm Beach
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 | |
|---|---|---|---|---|
| 421 Palmetto St | Single Family | 1,432 | B |
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| 422 Churchill Rd | Single Family | 1,391 | B |
|
| 415 Palmetto St | Single Family | 1,200 | B |
|
| 503 Palmetto St | Single Family | 1,369 | B |
|
| 418 Churchill Rd | Single Family | 1,064 | B |
|
| 500 Churchill Rd | Multi-family - less than 10 units | 1,967 | B |
|
| 428 Palmetto St | Single Family | 1,102 | B |
|
| 420 Palmetto St | Single Family | 1,422 | B |
|
| 505 Palmetto St | Single Family | 1,565 | B |
|
| 504 Churchill Rd | Single Family | 873 | C |
|
| 6001 Webster Ave | Single Family | 1,568 | B |
|
| 414 Palmetto St | Single Family | 1,630 | B |
|
| 504 Palmetto St | Single Family | 930 | B |
|
| 511 Palmetto St | Single Family | 1,091 | B |
|
| 410 Palmetto St | Single Family | 1,075 | B |
|
| 510 Churchill Rd | Single Family | 1,151 | B |
|
| 5913 S Dixie Hwy | Mixed use - store and office or store and residential or residential combination | 7,406 | B |
|
| 5909 S Dixie Hwy | Mixed use - store and office or store and residential or residential combination | 3,601 | B |
|
| 425 Churchill Rd | Multi-family - less than 10 units | 2,344 | B |
|
| 419 Churchill Rd | Multi-family - less than 10 units | 1,533 | C |
|
| 5901 S Dixie Hwy | Drive-in Restaurant | 898 | B |
|
| 5811 Webster Ave | Multi-family - less than 10 units | 1,605 | B |
|
| 427 Valley Forge Rd | Single Family | 826 | B |
|
| 515 Palmetto St | Multi-family - less than 10 units | 1,697 | B |
|
| 421 Valley Forge Rd | Single Family | 1,396 | B |
|
| 505 Churchill Rd | Single Family | 1,227 | B |
|
| 501 Valley Forge Rd | Multi-family - less than 10 units | 1,372 | B |
|
| 411 Churchill Rd | Single Family | 2,051 | B |
|
| 514 Churchill Rd | Single Family | 1,152 | B |
|
| 514 Palmetto St | Single Family | 1,315 | B |
|
| 505 Valley Forge Rd | Multi-family - less than 10 units | 1,524 | B |
|
| 411 Valley Forge Rd | Single Family | 1,345 | B |
|
| 509 Churchill Rd | Single Family | 966 | B |
|
| 521 Palmetto St | Single Family | 1,112 | B |
|
| 6001 S Dixie Hwy | Store, one story | 6,925 | B |
|
| 511 Valley Forge Rd | Single Family | 1,318 | B |
|
| 511 Churchill Rd | Single Family | 1,140 | B |
|
| 424 Revere Rd | Single Family | 1,253 | B |
|
| 518 Churchill Rd | Single Family | 1,836 | B |
|
| 5815 S Dixie Hwy | Store, one story | 3,162 | B |
|
| 420 Revere Rd | Multi-family - less than 10 units | 2,621 | B |
|
| 5801 Webster Ave | Multi-family - less than 10 units | 1,764 | B |
|
| 515 Valley Forge Rd | Single Family | 850 | C |
|
| 416 Revere Rd | Single Family | 954 | B |
|
| 518 Palmetto St | Multi-family - less than 10 units | 1,690 | B |
|
| 506 Revere Rd | Single Family | 1,020 | B |
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| 517 Churchill Rd | Multi-family - less than 10 units | 1,768 | B |
|
| 535 Palmetto St | Multi-family - less than 10 units | 3,780 | B |
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| 410 Revere Rd | Multi-family - less than 10 units | 1,411 | 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 51 of all properties in this area. This suggests it would appeal to someone earning around $48,512 per year who should qualify for a mortgage between $97,024 and $121,280.
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 51 of all properties in this area. This corresponds to a rent of $1,008 per month and a monthly household income of $2,859 ($34,308 per year)
Nearby Companies
524 Revere Rd
510 Revere Rd
5801 S Dixie Hwy
5801 S Dixie Hwy
5815 S Dixie Hwy
5815 S Dixie Hwy
6017 S Dixie Hwy
421 Palmetto St
6011 South Dixie Hwy
6007 S Dixie Hwy
6005 S Dixie Hwy
6005 S Dixie Hwy
6000 South Dixie Hwy
5913 S Dixie Hwy
5913 S Dixie Hwy
5913 S Dixie Hwy
5913 S Dixie Hwy
500 Churchill Rd
5909 S Dixie Hwy
5909 S Dixie Hwy
514 Churchill Rd
514 Churchill Rd
5913 South Dixie Hwy
5913 S Dixie Hwy
5914 S Dixie Hwy
5910 South Dixie Hwy
5910 South Dixie Hwy
5901 S Dixie Hwy
5901 S Dixie Hwy
5901 S Dixie Hwy
5912 South Dixie Hwy
5902-B S Dixie Hwy
5902-B South Dixie Hwy
5908 S Dixie Hwy
5900 S Dixie Hwy
523 Valley Forge Rd
518 Churchill Rd
420 Palmetto St
416 Valley Forge Rd
6107 S Dixie Hwy
6107 S Dixie Hwy
6000 S Dixie Hwy
6000 S Dixie Hwy