704 Hampton 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 | |
|---|---|---|---|---|
| 708 Hampton Rd | Single Family | 959 | B |
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| 700 Hampton Rd | Single Family | 1,117 | B |
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| 712 Hampton Rd | Single Family | 1,230 | B |
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| 707 Ridgewood Dr | Single Family | 1,158 | B |
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| 701 Ridgewood Dr | Single Family | 1,267 | B |
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| 711 Ridgewood Dr | Single Family | 1,923 | B |
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| 716 Hampton Rd | Multi-family - less than 10 units | 1,528 | B |
|
| 626 Hampton Rd | Multi-family - less than 10 units | 2,356 | C |
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| 707 Hampton Rd | Single Family | 1,712 | B |
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| 715 Ridgewood Dr | Single Family | 1,003 | B |
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| 3119 Georgia Ave | Single Family | 1,081 | B |
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| 711 Hampton Rd | Single Family | 1,308 | B |
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| 722 Hampton Rd | Single Family | 1,028 | B |
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| 3214 Georgia Ave | Multi-family - less than 10 units | 1,509 | B |
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| 717 Hampton Rd | Multi-family - less than 10 units | 2,087 | B |
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| 721 Ridgewood Dr | Single Family | 1,754 | B |
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| 3110 Georgia Ave | Multi-family - less than 10 units | 2,555 | B |
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| 721 Hampton Rd | Single Family | 1,401 | B |
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| 3218 Georgia Ave | Multi-family - less than 10 units | 1,518 | B |
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| 536 Hampton Rd | Multi-family - less than 10 units | 2,266 | B |
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| 728 Hampton Rd | Single Family | 1,262 | B |
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| 625 Hampton Rd | Single Family | 1,534 | B |
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| 725 Ridgewood Dr | Single Family | 1,380 | B |
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| 708 Ridgewood Dr | Single Family | 1,207 | B |
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| 3301 Georgia Ave | Single Family | 1,216 | B |
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| 727 Hampton Rd | Single Family | 1,964 | B |
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| 712 Ridgewood Dr | Single Family | 1,141 | B |
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| 621 Hampton Rd | Single Family | 1,460 | B |
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| 729 Ridgewood Dr | Single Family | 1,167 | B |
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| 716 Ridgewood Dr | Single Family | 1,086 | B |
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| 3222 Georgia Ave | Single Family | 2,045 | B |
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| 706 High St | Single Family | 1,068 | B |
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| 3101 Georgia Ave | Single Family | 1,179 | B |
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| 732 Hampton Rd | Single Family | 1,175 | B |
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| 625 Avenida Hermosa | Multi-family - less than 10 units | 1,277 | B |
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| 534 Hampton Rd | Single Family | 1,331 | B |
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| 710 High St | Single Family | 1,334 | B |
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| 720 Ridgewood Dr | Single Family | 1,712 | B |
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| 731 Hampton Rd | Single Family | 1,541 | B |
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| 716 High St | Multi-family - less than 10 units | 1,777 | B |
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| 535 Hampton Rd | Multi-family - less than 10 units | 1,689 | B |
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| 733 Ridgewood Dr | Single Family | 1,839 | B |
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| 621 Avenida Hermosa | Multi-family - less than 10 units | 1,046 | B |
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| 3308 El Vedado Ct E | Single Family | 1,351 | B |
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| 720 High St | Single Family | 1,170 | C |
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| 724 Ridgewood Dr | Single Family | 1,231 | B |
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| 3309 Georgia Ave | Single Family | 1,371 | B |
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| 532 Hampton Rd | Multi-family - less than 10 units | 1,928 | B |
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| 736 Hampton Rd | Single Family | 1,183 | 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 40 of all properties in this area. This suggests it would appeal to someone earning around $38,066 per year who should qualify for a mortgage between $76,132 and $95,165.
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 40 of all properties in this area. This corresponds to a rent of $922 per month and a monthly household income of $2,633 ($31,596 per year)
Nearby Companies
730 High St
630 High St
707 High St
721 Hampton Rd
716 Hampton Rd
717 Hampton Rd