602 Fairfax 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%.
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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 | |
|---|---|---|---|---|
| 604 Fairfax Rd | Single Family | 1,230 | B |
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| 600 Fairfax Rd | Single Family | 1,326 | B |
|
| 611 High St | Single Family | 948 | B |
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| 608 Fairfax Rd | Single Family | 994 | B |
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| 615 High St | Single Family | 948 | B |
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| 605 High St | Single Family | 948 | B |
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| 601 Fairfax Rd | Single Family | 855 | B |
|
| 3044 Stanford Rd | Single Family | 1,052 | B |
|
| 605 Fairfax Rd | Single Family | 1,049 | B |
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| 612 Fairfax Rd | Single Family | 879 | B |
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| 621 High St | Single Family | 1,261 | B |
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| 609 Fairfax Rd | Single Family | 1,173 | B |
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| 3040 Stanford Rd | Multi-family - less than 10 units | 2,034 | B |
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| 3031 Stanford Rd | Single Family | 1,138 | B |
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| 625 High St | Single Family | 948 | B |
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| 616 Fairfax Rd | Single Family | 1,007 | B |
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| 611 Fairfax Rd | Single Family | 1,168 | B |
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| 601 High St | Single Family | 1,049 | B |
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| 3036 Stanford Rd | Single Family | 926 | B |
|
| 604 Hudson Rd | Single Family | 1,033 | B |
|
| 610 High St | Single Family | 1,235 | B |
|
| 614 High St | Single Family | 1,095 | B |
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| 617 Fairfax Rd | Single Family | 1,379 | B |
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| 631 High St | Single Family | 1,434 | B |
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| 3032 Stanford Rd | Single Family | 927 | B |
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| 620 Fairfax Rd | Single Family | 1,178 | B |
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| 600 Hudson Rd | Single Family | 1,079 | B |
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| 608 Hudson Rd | Single Family | 879 | B |
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| 620 High St | Single Family | 1,379 | B |
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| 604 High St | Single Family | 1,272 | B |
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| 612 Hudson Rd | Single Family | 855 | B |
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| 624 High St | Single Family | 1,357 | B |
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| 3028 Stanford Rd | Single Family | 985 | B |
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| 621 Fairfax Rd | Single Family | 1,139 | B |
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| 600 High St | Single Family | 948 | B |
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| 628 Fairfax Rd | Single Family | 1,168 | B |
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| 616 Hudson Rd | Single Family | 855 | B |
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| 635 High St | Single Family | 948 | B |
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| 630 High St | Single Family | 1,184 | B |
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| 3108 Georgia Ave | Single Family | 2,568 | B |
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| 3024 Stanford Rd | Single Family | 1,044 | B |
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| 629 Fairfax Rd | Single Family | 858 | B |
|
| 640 High St | County Owned | 0 | L | |
| 620 Hudson Rd | Single Family | 855 | B |
|
| 508 Monceaux Rd | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 73,376 | B |
|
| 601 Hudson Rd | Single Family | 961 | B |
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| 3020 Stanford Rd | Single Family | 1,110 | B |
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| 3100 Georgia Ave | Single Family | 1,510 | B |
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| 605 Hudson Rd | Single Family | 855 | 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 30 of all properties in this area. This suggests it would appeal to someone earning around $30,226 per year who should qualify for a mortgage between $60,452 and $75,565.
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 30 of all properties in this area. This corresponds to a rent of $828 per month and a monthly household income of $2,425 ($29,100 per year)
Nearby Companies
630 High St
707 High St
615 High St
625 High St
628 Fairfax Rd
705 Tuscaloosa St
611 Hudson Rd