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:

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

AddressTypeSq FtClass 
119 Gregory Pl Single Family 2,145 B
107 Gregory Pl Single Family 0 B
112 Gregory Pl Single Family 1,246 B
50 Rutland Blvd Single Family 2,032 B
118 Gregory Pl Single Family 1,189 B
125 Gregory Pl Single Family 1,264 B
106 Gregory Pl Single Family 1,372 B
7805 S Flagler Dr Single Family 2,854 B
124 Gregory Pl Single Family 1,431 B
103 Gregory Pl Single Family 2,374 B
100 Rutland Blvd Single Family 1,833 B
104 Gregory Pl Single Family 1,449 B
7729 S Flagler Dr Vacant Residential 0 L
115 Gregory Rd Single Family 1,308 B
131 Gregory Pl Single Family 1,564 B
117 Gregory Rd Single Family 1,921 B
109 Gregory Rd Single Family 1,773 B
130 Gregory Pl Single Family 3,023 B
121 Gregory Rd Single Family 2,061 B
105 Gregory Rd Single Family 0 B
7725 S Flagler Dr Vacant Residential 0 L
100 Gregory Pl Single Family 1,290 B
101 Rutland Blvd Single Family 3,388 B
135 Gregory Pl Single Family 2,672 B
129 Gregory Rd Single Family 1,440 B
134 Gregory Pl Single Family 1,312 B
101 Gregory Rd Single Family 2,027 B
7711 S Flagler Dr Single Family 5,470 A
108 Rutland Blvd Single Family 2,332 B
133 Gregory Rd Single Family 1,209 B
139 Gregory Pl Single Family 2,100 B
120 Gregory Rd Single Family 1,361 B
138 Gregory Pl Single Family 1,454 B
114 Gregory Rd Single Family 1,235 B
126 Gregory Rd Single Family 1,185 B
7850 S Flagler Dr Single Family 4,522 B
109 Rutland Blvd Multi-family - less than 10 units 3,125 B
108 Gregory Rd Single Family 1,595 B
137 Gregory Rd Single Family 1,243 B
102 Alhambra Pl Single Family 2,401 B
7918 S Flagler Dr Single Family 1,980 B
7701 S Flagler Dr Single Family 3,092 B
8001 Arlington Pl Single Family 1,627 B
141 Gregory Pl Single Family 4,163 B
120 Rutland Blvd Single Family 1,578 B
102 Gregory Rd Single Family 1,513 B
140 Gregory Pl Single Family 2,242 B
7924 S Flagler Dr Single Family 2,059 B
7726 S Flagler Dr Single Family 8,318 A

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 85 of all properties in this area. This suggests it would appeal to someone earning around $122,986 per year who should qualify for a mortgage between $245,972 and $307,465.

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 85 of all properties in this area. This corresponds to a rent of $1,476 per month and a monthly household income of $3,971 ($47,652 per year)

Nearby Companies

Hospitality Holding Inc.
7905 S Flagler Dr
Amy Walker, Lmft, LLC
119 Gregory Pl
258 Summa, LLC
7850 South Flagler Dr
Dabah Family Pga, LLC
7850 South Flagler Dr
Mine-Rg, Inc.
109 Rutland Blvd
Valerie R. Silverman, Inc.
7701 S Flagler Dr
Penner Alton LLC
7726 S Flagler Dr
Satoshi'S Dream LLC
7726 S Flagler Dr
Phoenix Health Maintenance, LLC
8011 South Flagler Dr
Paradise Investment For You LLC
8011 South Flagler Dr
Downfall, LLC
117 Gregory Rd
Lechner Properties, LLC
117 Gregory Rd
Jacap, Inc.
7924 South Flagler Dr
Disclaimers and Disclosures

Public Records Data

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