5907 S Olive Ave, 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 | |
|---|---|---|---|---|
| 300 Churchill Rd | Single Family | 1,193 | B |
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| 301 Palmetto St | Single Family | 1,589 | B |
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| 311 Palmetto St | Single Family | 1,459 | B |
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| 314 Churchill Rd | Single Family | 1,238 | B |
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| 317 Palmetto St | Single Family | 1,454 | B |
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| 240 Churchill Rd | Single Family | 1,487 | B |
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| 301 Churchill Rd | Single Family | 1,952 | B |
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| 320 Churchill Rd | Single Family | 1,605 | B |
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| 271 Palmetto Ln | Vacant Residential | 0 | L | |
| 321 Palmetto St | Single Family | 2,111 | B |
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| 236 Churchill Rd | Single Family | 1,894 | B |
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| 315 Churchill Rd | Single Family | 1,687 | B |
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| 5815 S Olive Ave | Single Family | 1,383 | B |
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| 326 Churchill Rd | Single Family | 1,118 | B |
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| 300 Palmetto St | Single Family | 1,683 | B |
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| 241 Churchill Rd | Single Family | 1,365 | B |
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| 312 Palmetto St | Single Family | 3,224 | B |
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| 321 Churchill Rd | Single Family | 1,709 | B |
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| 325 Palmetto St | Single Family | 1,582 | B |
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| 261 Palmetto Ln | Single Family | 5,361 | A |
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| 270 Palmetto Ln | Single Family | 2,865 | A |
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| 228 Churchill Rd | Single Family | 1,859 | B |
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| 5809 S Olive Ave | Single Family | 1,206 | B |
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| 332 Churchill Rd | Single Family | 1,337 | B |
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| 235 Churchill Rd | Multi-family - less than 10 units | 3,053 | A |
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| 335 Churchill Rd | Single Family | 2,620 | B |
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| 333 Palmetto St | Single Family | 1,159 | B |
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| 310 Ellamar Rd | Single Family | 1,567 | B |
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| 326 Palmetto St | Single Family | 3,490 | B |
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| 303 Valley Forge Rd | Single Family | 2,103 | B |
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| 5801 S Olive Ave | Single Family | 2,395 | B |
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| 242 Ellamar Rd | Single Family | 3,741 | B |
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| 6010 Martin Ave | Single Family | 3,409 | B |
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| 251 Palmetto Ln | Single Family | 5,514 | A |
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| 224 Churchill Rd | Single Family | 1,721 | B |
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| 316 Ellamar Rd | Single Family | 1,875 | B |
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| 6050 S Olive Ave | Single Family | 4,903 | A |
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| 333 Churchill Rd | Single Family | 1,901 | B |
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| 227 Churchill Rd | Single Family | 3,210 | B |
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| 338 Churchill Rd | Single Family | 1,171 | B |
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| 335 Palmetto St | Single Family | 1,271 | B |
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| 234 Ellamar Rd | Single Family | 1,567 | B |
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| 250 Palmetto Ln | Single Family | 6,984 | A |
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| 322 Ellamar Rd | Single Family | 1,615 | B |
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| 332 Palmetto St | Single Family | 1,411 | B |
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| 325 Valley Forge Rd | Single Family | 2,191 | B |
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| 339 Churchill Rd | Single Family | 1,687 | B |
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| 241 Palmetto Ln | Single Family | 5,928 | A |
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| 328 Ellamar Rd | Single Family | 2,870 | 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 68 of all properties in this area. This suggests it would appeal to someone earning around $71,742 per year who should qualify for a mortgage between $143,484 and $179,355.
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 68 of all properties in this area. This corresponds to a rent of $1,173 per month and a monthly household income of $3,227 ($38,724 per year)
Nearby Companies
251 Palmetto Ln
251 Palmetto Ln
219 Churchill Rd
219 Churchill Rd
5801 S Olive Ave
325 Valley Forge Rd
325 Valley Forge Rd
325 Valley Forge Rd
325 Valley Forge Rd
325 Valley Forge Rd
6050 South Olive Ave