216 Summa 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 | |
|---|---|---|---|---|
| 208 Summa St | Single Family | 1,206 | B |
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| 222 Summa St | Single Family | 4,547 | A |
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| 215 Seville Rd | Single Family | 1,195 | B |
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| 219 Seville Rd | Single Family | 1,348 | B |
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| 228 Summa St | Single Family | 1,788 | B |
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| 213 Seville Rd | Single Family | 1,862 | B |
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| 200 Summa St | Single Family | 2,837 | B |
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| 225 Seville Rd | Single Family | 1,413 | B |
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| 7501 Washington Rd | Single Family | 2,266 | B |
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| 215 Summa St | Single Family | 1,242 | B |
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| 209 Summa St | Single Family | 2,042 | B |
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| 233 Seville Rd | Single Family | 2,082 | B |
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| 201 Summa St | Single Family | 2,717 | B |
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| 223 Summa St | Single Family | 3,480 | B |
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| 234 Summa St | Single Family | 1,208 | B |
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| 7511 Washington Rd | Single Family | 2,060 | B |
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| 227 Summa St | Single Family | 1,599 | B |
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| 7311 Washington Rd | Single Family | 1,836 | B |
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| 140 Summa St | Single Family | 2,095 | B |
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| 240 Summa St | Single Family | 2,486 | B |
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| 235 Summa St | Single Family | 1,161 | B |
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| 7515 Washington Rd | Single Family | 1,092 | B |
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| 241 Seville Rd | Single Family | 2,359 | B |
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| 7601 Washington Rd | Single Family | 2,064 | B |
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| 141 Summa St | Single Family | 2,288 | B |
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| 151 Seville Rd | Vacant Residential | 1,539 | L |
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| 214 Seville Rd | Single Family | 1,378 | B |
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| 218 Seville Rd | Single Family | 1,110 | B |
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| 210 Seville Rd | Single Family | 1,325 | B |
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| 220 Seville Rd | Single Family | 2,138 | B |
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| 220 Miramar Way | Single Family | 2,467 | B |
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| 246 Summa St | Single Family | 1,586 | B |
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| 134 Summa St | Single Family | 2,400 | B |
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| 210 Miramar Way | Single Family | 1,869 | B |
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| 226 Seville Rd | Single Family | 1,161 | B |
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| 241 Summa St | Single Family | 1,936 | B |
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| 7605 Washington Rd | Single Family | 1,260 | B |
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| 230 Miramar Way | Single Family | 10,287 | A |
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| 7312 Washington Rd | Single Family | 1,607 | B |
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| 247 Seville Rd | Single Family | 1,522 | B |
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| 230 Seville Rd | Single Family | 1,302 | B |
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| 200 Miramar Way | Single Family | 2,597 | B |
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| 236 Seville Rd | Single Family | 1,493 | B |
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| 145 Seville Rd | Single Family | 2,362 | B |
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| 7611 Washington Rd | Single Family | 1,531 | B |
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| 7600 Washington Rd | Single Family | 1,552 | B |
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| 234 Miramar Way | Single Family | 1,197 | B |
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| 245 Summa St | Vacant Residential | 1,173 | L |
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| 129 Summa St | Single Family | 2,231 | 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 84 of all properties in this area. This suggests it would appeal to someone earning around $117,759 per year who should qualify for a mortgage between $235,518 and $294,398.
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 84 of all properties in this area. This corresponds to a rent of $1,451 per month and a monthly household income of $3,922 ($47,064 per year)
Nearby Companies
129 Summa St
227 Summa St
200 Miramar Way
210 Miramar Way
247 Seville Rd
240 Summa St
234 Summa St
236 Seville Rd
222 Summa St
222 Summa St
222 Summa St
222 Summa St
140 Summa St
7600 Washington Rd
7600 Washington Rd