510 El Vedado, 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 | |
|---|---|---|---|---|
| 504 El Vedado | Vacant Residential | 0 | L | |
| 512 El Vedado | Multi-family - less than 10 units | 1,384 | B |
 |
| 514 El Vedado | Multi-family - less than 10 units | 2,581 | B |
|
| 505 Avenida Alegre | Single Family | 1,146 | B |
|
| 520 El Vedado | Single Family | 682 | B |
|
| 507 El Vedado | Single Family | 1,082 | B |
|
| 440 El Vedado | Multi-family - less than 10 units | 1,903 | B |
|
| 515 Avenida Alegre | Multi-family - less than 10 units | 2,371 | B |
|
| 513 El Vedado | Single Family | 1,243 | B |
|
| 445 Avenida Alegre | Single Family | 1,249 | B |
|
| 511 El Vedado | Single Family | 1,109 | C |
|
| El Vedado | Vacant Residential | 0 | L | |
| Avenida Alegre | Vacant Residential | 0 | L | |
| 600 El Vedado | Multi-family - less than 10 units | 1,635 | B |
|
| 438 El Vedado | Single Family | 1,260 | B |
|
| 519 El Vedado | Single Family | 1,547 | A |
|
| 601 Avenida Alegre | Single Family | 1,522 | B |
|
| 435 Avenida Alegre | Single Family | 1,926 | B |
|
| 604 El Vedado | Single Family | 1,049 | B |
|
| 525 El Vedado | Single Family | 1,102 | B |
|
| 441 El Vedado | Single Family | 1,146 | B |
|
| 508 El Prado | Multi-family - less than 10 units | 1,541 | C |
|
| 432 El Vedado | Multi-family - less than 10 units | 2,013 | B |
|
| 504 El Prado | Multi-family - less than 10 units | 2,174 | B |
|
| 512 El Prado | Multi-family - less than 10 units | 1,545 | B |
|
| 603 Avenida Alegre | Multi-family - less than 10 units | 1,241 | C |
|
| 506 Avenida Alegre | Multi-family - less than 10 units | 1,790 | B |
|
| 448 Avenida Alegre | Single Family | 1,040 | B |
|
| 518 El Prado | Single Family | 1,210 | B |
|
| 500 El Prado | Single Family | 1,116 | B |
|
| 433 Avenida Alegre | Single Family | 1,169 | B |
|
| 444 Avenida Alegre | Single Family | 920 | B |
|
| 607 El Vedado | Single Family | 1,336 | B |
|
| 608 El Vedado | Multi-family - less than 10 units | 1,482 | C |
|
| 520 El Prado | Single Family | 1,330 | B |
|
| 433 El Vedado | Single Family | 1,374 | B |
|
| El Prado | Centrally assessed | 0 | L | |
| 430 El Vedado | Single Family | 1,264 | B |
|
| 609 Avenida Alegre | Single Family | 1,536 | B |
|
| 440 Avenida Alegre | Single Family | 939 | B |
|
| 600 Avenida Alegre | Multi-family - less than 10 units | 1,841 | B |
|
| 600 El Prado | Single Family | 862 | B |
|
| 429 Avenida Alegre | Multi-family - less than 10 units | 1,770 | B |
|
| 438 El Prado | Single Family | 742 | C |
|
| 609 El Vedado | Multi-family - less than 10 units | 1,438 | B |
|
| 612 El Vedado | Single Family | 1,115 | B |
|
| 431 El Vedado | Single Family | 1,255 | B |
|
| 602 Avenida Alegre | Single Family | 1,387 | 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 44 of all properties in this area. This suggests it would appeal to someone earning around $41,985 per year who should qualify for a mortgage between $83,970 and $104,963.
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 44 of all properties in this area. This corresponds to a rent of $949 per month and a monthly household income of $2,711 ($32,532 per year)
Nearby Companies
622 El Prado
512 El Prado
503 El Prado
503 El Prado
515 El Prado St
513 El Vedado
513 El Vedado
513 El Vedado
507 El Vedado
615 Avenida Alegre