620 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 | |
|---|---|---|---|---|
| 624 Palmetto St | Multi-family - less than 10 units | 1,733 | B |
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| 6001 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 10,028 | B |
|
| 628 Palmetto St | Multi-family - less than 10 units | 1,978 | B |
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| 619 Valley Forge Rd | Multi-family - less than 10 units | 1,733 | B |
|
| 627 Valley Forge Rd | Multi-family - less than 10 units | 2,186 | B |
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| 632 Palmetto St | Multi-family - less than 10 units | 2,652 | B |
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| 621 Palmetto St | Multi-family - less than 10 units | 1,734 | B |
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| 625 Palmetto St | Multi-family - less than 10 units | 1,842 | B |
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| 631 Valley Forge Rd | Single Family | 1,307 | B |
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| 629 Palmetto St | Single Family | 2,146 | B |
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| 6000 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 4,080 | B |
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| 638 Palmetto St | Single Family | 1,244 | B |
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| 6008 Garden Ave | Single Family | 1,195 | B |
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| 5901 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 1,554 | B |
|
| 6012 Garden Ave | Single Family | 1,293 | B |
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| 6010 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 5,040 | B |
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| 635 Palmetto St | Single Family | 1,182 | B |
|
| 6016 Garden Ave | Single Family | 1,065 | B |
|
| 620 Rockland Dr | Multi-family - less than 10 units | 1,560 | C |
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| 624 Valley Forge Rd | Single Family | 1,754 | C |
|
| 624 Rockland Dr | Single Family | 987 | C |
|
| 5908 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 6,052 | B |
|
| 5908 Garden Ave | Single Family | 2,363 | B |
|
| 626 Valley Forge Rd | Single Family | 1,547 | B |
|
| 6101 Georgia Ave | Light manufacturing | 0 | L | |
| 630 Rockland Dr | Single Family | 1,062 | B |
|
| 630 Valley Forge Rd | Single Family | 1,088 | B |
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| 5904 Garden Ave | Single Family | 1,836 | B |
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| 636 Valley Forge Rd | Single Family | 757 | B |
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| 5900 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 3,412 | B |
|
| 5900 Garden Ave | Single Family | 1,419 | B |
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| 6104 Garden Ave | Multi-family - less than 10 units | 1,733 | B |
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| 619 Colonial Rd | Single Family | 1,122 | B |
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| 625 Colonial Rd | Single Family | 1,114 | B |
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| 6007 Garden Ave | Single Family | 768 | B |
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| 702 Palmetto St | Single Family | 998 | B |
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| 6100 Georgia Ave | Light manufacturing | 14,447 | B |
|
| 6011 Garden Ave | Single Family | 768 | B |
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| 633 Colonial Rd | Multi-family - less than 10 units | 2,975 | B |
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| 611 Colonial Rd | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 850 | B |
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| 701 Palmetto St | Single Family | 1,012 | B |
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| 6019 Garden Ave | Single Family | 1,772 | B |
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| 6110 Garden Ave | Single Family | 921 | B |
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| 621 Rockland Dr | Single Family | 1,153 | B |
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| 625 Rockland Dr | Single Family | 1,064 | B |
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| 5911 Garden Ave | Single Family | 1,267 | B |
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| 5815 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 5,100 | B |
|
| 526 Palmetto St | Single Family | 1,584 | 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 60 of all properties in this area. This suggests it would appeal to someone earning around $60,323 per year who should qualify for a mortgage between $120,646 and $150,808.
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 60 of all properties in this area. This corresponds to a rent of $1,087 per month and a monthly household income of $3,058 ($36,696 per year)
Nearby Companies
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6001 Georgia Ave
6001 Georgia Ave
5908 Georgia Ave
5908 Georgia Ave
5913 Georgia Ave
6000 Georgia Ave
5900 Georgia Ave
6000 Georgia Ave
6000 Georgia Ave
6000 Georgia Ave
523 Valley Forge Rd
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