727 Fernwood Dr, 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%.
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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 | |
|---|---|---|---|---|
| 717 Fernwood Dr | Multi-family - less than 10 units | 2,614 | B |
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| 733 Fernwood Dr | Single Family | 1,311 | B |
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| 730 Bunker Rd | Mixed use - store and office or store and residential or residential combination | 1,845 | B |
|
| 724 Bunker Rd | Office building, non-professional service building, one story | 1,216 | B |
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| 715 Fernwood Dr | Single Family | 1,385 | B |
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| 722 Bunker Rd | Single Family | 865 | B |
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| 728 Fernwood Dr | Single Family | 884 | B |
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| 722 Fernwood Dr | Single Family | 1,393 | B |
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| 736 Bunker Rd | Mixed use - store and office or store and residential or residential combination | 2,928 | B |
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| 5600 Lake Ave | Single Family | 1,344 | B |
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| 718 Fernwood Dr | Single Family | 2,546 | B |
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| 711 Fernwood Dr | Single Family | 1,312 | B |
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| 716 Bunker Rd | Office building, non-professional service building, one story | 2,108 | B |
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| 5519 Lake Ave | Single Family | 1,254 | B |
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| 714 Fernwood Dr | Single Family | 1,360 | B |
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| 800 Bunker Rd | Single Family | 968 | B |
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| 720 Bunker Rd | Repair service shop (excluding automotive) | 912 | B |
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| 805 Fernwood Dr | Single Family | 1,222 | B |
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| 800 Fernwood Dr | Single Family | 933 | B |
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| 727 Glenridge Dr | Single Family | 1,205 | B |
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| 725 Glenridge Dr | Single Family | 944 | B |
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| 733 Glenridge Dr | Single Family | 935 | B |
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| 5525 Garden Ave | Single Family | 1,168 | B |
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| 5555 Garden Ave | Multi-family - less than 10 units | 2,315 | B |
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| 719 Glenridge Dr | Single Family | 1,171 | B |
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| 5509 Garden Ave | Single Family | 1,599 | B |
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| 735 Glenridge Dr | Single Family | 1,370 | B |
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| 806 Bunker Rd | Multi-family - less than 10 units | 1,907 | B |
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| 708 Bunker Rd | Multi-family - less than 10 units | 2,012 | B |
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| 715 Glenridge Dr | Single Family | 824 | B |
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| 727 Bunker Rd | Single Family | 936 | B |
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| 733 Bunker Rd | Single Family | 922 | B |
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| 5420 Lake Ave | Multi-family - less than 10 units | 1,528 | B |
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| 723 Bunker Rd | Single Family | 1,484 | B |
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| 5601 Garden Ave | Multi-family - less than 10 units | 1,537 | B |
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| 806 Fernwood Dr | Single Family | 1,295 | B |
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| 811 Fernwood Dr | Single Family | 1,297 | B |
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| 711 Glenridge Dr | Single Family | 868 | C |
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| 717 Bunker Rd | Single Family | 768 | B |
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| 5615 Lake Ave | Single Family | 1,831 | B |
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| 702 Bunker Rd | Store, one story | 1,572 | B |
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| 812 Bunker Rd | Multi-family - less than 10 units | 2,167 | B |
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| 5609 Garden Ave | Single Family | 2,769 | B |
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| 715 Bunker Rd | Single Family | 804 | B |
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| 812 Fernwood Dr | Single Family | 1,201 | B |
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| 805 Glenridge Dr | Single Family | 1,056 | B |
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| 705 Bunker Rd | Single Family | 1,265 | B |
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| 817 Fernwood Dr | Single Family | 1,538 | B |
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| 5615 Garden Ave | Single Family | 1,205 | 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 60 of all properties in this area. This suggests it would appeal to someone earning around $60,323 per year who should qualify for a mortgage between $120,646 and $150,808.
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 60 of all properties in this area. This corresponds to a rent of $1,087 per month and a monthly household income of $3,058 ($36,696 per year)
Nearby Companies
727 Bunker Rd
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715 Bunker Rd
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634 Bunker Rd
716 Bunker Rd
716 Bunker Rd
724 Bunker Rd
736 Bunker Rd
704 Bunker Rd
720 Bunker Rd
722 Bunker Rd
722 Bunker Rd
832 Bunker Rd
824 Bunker Rd