314 Westminster Rd, West Palm Beach
Palm Beach County Real Estate - Palm Beach
Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 8,348. Palm Beach is approximately 64 miles from Miami (population 399,457) and around 60 miles from Hialeah (population 224,669).
The median age for residents of Palm Beach is 67.4. Around 7% of Palm Beach households include school aged children and 68.4% of households include individuals aged 65 years or over. Census records indicate 97.4% of the Palm Beach population are White, .6% are Black or African American, 0% American Indian, 1% Asian and .5% are Two or more Races.
There are 9,091 housing units in Palm Beach. 4,292 (47.2%) of these were reported as vacant in the 2010 Census. Palm Beach is a tourist destination, 84.5% (3,627) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 932 residential rental units in Palm Beach. 659 of them were occupied in 2010 providing a residential rental vacancy rate of 27.9%.
Palm Beach 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 | |
|---|---|---|---|---|
| 310 Westminster Rd | Single Family | 2,693 | A |
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| 322 Westminster Rd | Multi-family - less than 10 units | 3,737 | A |
|
| 3015 S Olive Ave | Single Family | 1,919 | B |
|
| 300 Westminster Rd | Single Family | 2,574 | A |
|
| 307 Buckingham Rd | Single Family | 1,775 | B |
|
| 303 Buckingham Rd | Single Family | 3,287 | B |
|
| 315 Westminster Rd | Municipal Owned | 0 | L | |
| 326 Westminster Rd | Single Family | 2,229 | B |
|
| 317 Buckingham Rd | Single Family | 1,484 | B |
|
| 328 Westminster Rd | Single Family | 2,475 | B |
|
| 311 Westminster Pl | Single Family | 2,631 | A |
|
| 305 Westminster Rd | Single Family | 1,698 | B |
|
| 319 Westminster Pl | Single Family | 2,848 | B |
|
| 3016 S Olive Ave | Single Family | 1,713 | B |
|
| 303 Westminster Rd | Single Family | 2,566 | B |
|
| 323 Westminster Pl | Single Family | 2,805 | B |
|
| 301 Westminster Pl | Single Family | 1,570 | B |
|
| 218 Westminster Rd | Single Family | 3,257 | A |
|
| 319 Buckingham Rd | Single Family | 1,994 | B |
|
| 233 Argyle Rd | Single Family | 1,739 | B |
|
| 327 Westminster Pl | Single Family | 2,476 | B |
|
| 325 Albemarle Rd | Single Family | 2,242 | A |
|
| 3030 S Dixie Hwy | Office building, non-professional service building, one story | 8,970 | B |
|
| 314 Avila Rd | Single Family | 1,717 | B |
|
| 304 Avila Rd | Single Family | 1,410 | B |
|
| 2934 S Olive Ave | Single Family | 2,040 | B |
|
| 3030 S Dixie Hwy Ste 5 | Vacant Commercial | 0 | L | |
| 326 Avila Rd | Single Family | 2,883 | B |
|
| 3020 S Dixie Hwy | Single Family | 1,653 | B |
|
| 300 Avila Rd | Vacant Residential | 0 | L | |
| 231 Argyle Rd | Single Family | 2,242 | B |
|
| 210 Westminster Rd | Single Family | 2,395 | B |
|
| 3031 S Olive Ave | Municipal Owned | 0 | L | |
| 361 Westminster Pl | Single Family | 1,248 | B |
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| 328 Avila Rd | Single Family | 1,298 | B |
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| 230 Argyle Rd | Multi-family - less than 10 units | 5,236 | A |
|
| 3008 S Dixie Hwy | Store, one story | 6,024 | B |
|
| 219 Westminster Rd | Single Family | 1,859 | B |
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| 225 Argyle Rd | Single Family | 2,139 | A |
|
| 236 Avila Rd | Single Family | 1,776 | B |
|
| 208 Westminster Rd | Single Family | 1,644 | B |
|
| 332 Avila Rd | Single Family | 775 | B |
|
| 327 Albemarle Rd | Single Family | 3,429 | A |
|
| 215 Westminster Rd | Single Family | 2,652 | B |
|
| 230 Avila Rd | Single Family | 1,420 | B |
|
| 324 Albemarle Rd | Single Family | 2,453 | B |
|
| 204 Westminster Rd | Single Family | 2,647 | A |
|
| 221 Argyle Rd | Single Family | 1,750 | B |
|
| 3030 S Olive Ave | Single Family | 3,061 | 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 81 of all properties in this area. This suggests it would appeal to someone earning around $104,281 per year who should qualify for a mortgage between $208,562 and $260,703.
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 81 of all properties in this area. This corresponds to a rent of $1,381 per month and a monthly household income of $3,750 ($45,000 per year)
Nearby Companies
2901 South Olive Ave
3030 South Olive Ave
3030 S Dixie Hwy
3030 S Dixie Hwy
3030 S Dixie Hwy
3030 S Dixie Hwy
3030 S Dixie Hwy
3030 S Dixie Hwy
3030 S Dixie Hwy
3016 S Olive Ave
3014 South Olive Ave
3030 South Dixie Hwy
3030 South Dixie Hwy
3030 South Dixie Hwy
3030 South Dixie Hwy
3030 S Dixie Highway Ste 5
3030 S Dixie Highway Ste 5
319 Westminster Pl
208 Westminster Rd
208 Westminster Rd
301 Westminster Pl
215 Westminster Rd
319 Buckingham Rd
3111 South Dixie Hwy
3030 S Dixie Hwy Ste 5
3030 S Dixie Hwy Ste 5
3030 S Dixie Hwy Ste 5
3030 S Dixie Hwy Ste 5
3030 S Dixie Hwy Ste 5
3030 S Dixie Hwy Ste 5
3030 S Dixie Hwy Ste 5
3030 S Dixie Hwy Ste 5