702 Palmetto St, 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 | |
|---|---|---|---|---|
| 6007 Garden Ave | Single Family | 768 | B |
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| 712 Palmetto St | Single Family | 2,665 | A |
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| 6011 Garden Ave | Single Family | 768 | B |
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| 701 Palmetto St | Single Family | 1,012 | B |
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| 711 Valley Forge Rd | Single Family | 1,127 | B |
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| 6019 Garden Ave | Single Family | 1,772 | B |
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| 638 Palmetto St | Single Family | 1,244 | B |
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| 5911 Garden Ave | Single Family | 1,267 | B |
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| 6008 Garden Ave | Single Family | 1,195 | B |
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| 714 Palmetto St | Single Family | 1,152 | B |
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| 715 Valley Forge Rd | Single Family | 913 | C |
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| 6012 Garden Ave | Single Family | 1,293 | B |
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| 713 Palmetto St | Single Family | 1,900 | B |
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| 635 Palmetto St | Single Family | 1,182 | B |
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| 5905 Garden Ave | Multi-family - less than 10 units | 1,008 | B |
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| 719 Valley Forge Rd | Single Family | 1,195 | B |
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| 720 Palmetto St | Single Family | 1,078 | B |
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| 6016 Garden Ave | Single Family | 1,065 | B |
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| 632 Palmetto St | Multi-family - less than 10 units | 2,652 | B |
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| 5908 Garden Ave | Single Family | 2,363 | B |
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| 710 Rockland Dr | Single Family | 1,286 | B |
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| 721 Palmetto St | Single Family | 909 | B |
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| 723 Valley Forge Rd | Single Family | 1,047 | B |
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| 5901 Garden Ave | Single Family | 1,232 | B |
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| 6101 Garden Ave | Single Family | 1,540 | B |
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| 716 Rockland Dr | Single Family | 1,457 | B |
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| 724 Palmetto St | Single Family | 945 | B |
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| 631 Valley Forge Rd | Single Family | 1,307 | B |
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| 5904 Garden Ave | Single Family | 1,836 | B |
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| 628 Palmetto St | Multi-family - less than 10 units | 1,978 | B |
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| 720 Rockland Dr | Single Family | 982 | B |
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| 725 Palmetto St | Single Family | 916 | B |
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| 708 Valley Forge Rd | Multi-family - less than 10 units | 2,232 | B |
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| 629 Palmetto St | Single Family | 2,146 | B |
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| 636 Valley Forge Rd | Single Family | 757 | B |
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| 712 Valley Forge Rd | Single Family | 993 | B |
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| 5900 Garden Ave | Single Family | 1,419 | B |
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| 6107 Garden Ave | Multi-family - less than 10 units | 1,949 | B |
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| 730 Palmetto St | Multi-family - less than 10 units | 1,712 | B |
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| 725 Valley Forge Rd | Single Family | 1,537 | B |
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| 722 Rockland Dr | Single Family | 1,190 | B |
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| 624 Palmetto St | Multi-family - less than 10 units | 1,733 | B |
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| 627 Valley Forge Rd | Multi-family - less than 10 units | 2,186 | B |
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| 729 Palmetto St | Single Family | 821 | B |
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| 630 Rockland Dr | Single Family | 1,062 | B |
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| 6104 Garden Ave | Multi-family - less than 10 units | 1,733 | B |
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| 625 Palmetto St | Multi-family - less than 10 units | 1,842 | B |
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| 5815 Garden Ave | Single Family | 1,220 | 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 38 of all properties in this area. This suggests it would appeal to someone earning around $36,775 per year who should qualify for a mortgage between $73,550 and $91,938.
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 38 of all properties in this area. This corresponds to a rent of $902 per month and a monthly household income of $2,607 ($31,284 per year)
Nearby Companies
6001 Georgia Ave
6001 Georgia Ave
722 Rockland Dr
723 Valley Forge Rd
733 Rockland Dr
722 Valley Forge Rd
712 Palmetto St
710 Valley Forge Rd
709 Palmetto St
5905 Garden Ave
701 Palmetto St
5812 Garden Ave
5908 Garden Ave