3308 El Vedado Ct E, 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 | |
|---|---|---|---|---|
| 712 Ridgewood Dr | Single Family | 1,141 | B |
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| 3314 El Vedado Ct E | Single Family | 1,208 | B |
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| 708 Ridgewood Dr | Single Family | 1,207 | B |
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| 3309 Georgia Ave | Single Family | 1,371 | B |
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| 3309 El Vedado Ct E | Single Family | 1,056 | B |
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| 716 Ridgewood Dr | Single Family | 1,086 | B |
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| 3317 Georgia Ave | Single Family | 1,437 | B |
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| 3301 Georgia Ave | Single Family | 1,216 | B |
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| 3313 El Vedado Ct E | Single Family | 1,056 | B |
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| 720 Ridgewood Dr | Single Family | 1,712 | B |
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| 3324 El Vedado Ct E | Single Family | 1,216 | B |
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| 3325 Georgia Ave | Single Family | 1,511 | B |
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| 3325 El Vedado Ct E | Single Family | 1,532 | B |
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| 724 Ridgewood Dr | Single Family | 1,231 | B |
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| 3316 El Vedado Ct W | Single Family | 1,068 | B |
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| 3308 El Vedado Ct W | Single Family | 1,164 | B |
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| 624 Avenida Hermosa | Single Family | 1,421 | B |
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| 3328 El Vedado Ct E | Single Family | 1,056 | B |
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| 3329 Georgia Ave | Single Family | 1,560 | B |
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| 711 Ridgewood Dr | Single Family | 1,923 | B |
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| 715 Ridgewood Dr | Single Family | 1,003 | B |
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| 707 Ridgewood Dr | Single Family | 1,158 | B |
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| 728 Ridgewood Dr | Single Family | 1,974 | B |
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| 3329 El Vedado Ct E | Single Family | 1,363 | B |
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| 3324 El Vedado Ct W | Single Family | 1,863 | B |
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| 701 Ridgewood Dr | Single Family | 1,267 | B |
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| 625 Avenida Hermosa | Multi-family - less than 10 units | 1,277 | B |
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| 721 Ridgewood Dr | Single Family | 1,754 | B |
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| 629 El Prado | Single Family | 1,499 | B |
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| 622 Avenida Hermosa | Single Family | 1,157 | B |
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| 3336 El Vedado Ct E | Single Family | 1,998 | B |
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| 725 Ridgewood Dr | Single Family | 1,380 | B |
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| 3333 Georgia Ave | Single Family | 1,104 | B |
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| 3328 El Vedado Ct W | Single Family | 1,620 | B |
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| 3309 El Vedado Ct W | Single Family | 1,047 | B |
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| 3218 Georgia Ave | Multi-family - less than 10 units | 1,518 | B |
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| 732 Ridgewood Dr | Single Family | 1,537 | B |
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| 625 El Prado | Single Family | 1,363 | B |
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| 3337 El Vedado Ct E | Single Family | 1,547 | B |
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| 618 Avenida Hermosa | Single Family | 1,228 | B |
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| 729 Ridgewood Dr | Single Family | 1,167 | B |
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| 621 Avenida Hermosa | Multi-family - less than 10 units | 1,046 | B |
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| 3317 El Vedado Ct W | Single Family | 1,159 | B |
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| 619 El Prado | Single Family | 1,559 | B |
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| 3336 El Vedado Ct W | Single Family | 1,388 | B |
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| 3214 Georgia Ave | Multi-family - less than 10 units | 1,509 | B |
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| 3325 El Vedado Ct W | Single Family | 1,415 | B |
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| 3340 El Vedado Ct E | Single Family | 1,166 | B |
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| 3341 Georgia Ave | Single Family | 1,166 | 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 56 of all properties in this area. This suggests it would appeal to someone earning around $54,139 per year who should qualify for a mortgage between $108,278 and $135,348.
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 56 of all properties in this area. This corresponds to a rent of $1,055 per month and a monthly household income of $2,977 ($35,724 per year)
Nearby Companies
3336 El Vedado Ct East
3329 Georgia Ave
716 Hampton Rd