727 Park Pl, West Palm Beach
Palm Beach County Real Estate - West Palm Beach
West Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 99,919.
The median age for residents of West Palm Beach is 38.1. Around 25.5% of West Palm Beach households include school aged children and 26.9% of households include individuals aged 65 years or over. Census records indicate 56.7% of the West Palm Beach population are White, 32.4% are Black or African American, .4% American Indian, 2.2% Asian and 2.6% are Two or more Races. West Palm Beach has a significant Hispanic population. 22.6% (22,601) of West Palm Beach residents are of Hispanic or Latino origin. Of these 12.41% are of Mexican origin, 14.56% Puerto Rican, 23.61% Cuban and 49.41% are of other Hispanic or Latino origin.
There are 54,179 housing units in West Palm Beach. 11,267 (20.7%) of these were reported as vacant in the 2010 Census. There are 25,318 residential rental units in West Palm Beach. 21,180 of them were occupied in 2010 providing a residential rental vacancy rate of 15.9%.
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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 | |
|---|---|---|---|---|
| 729 Park Pl | Multi-family - less than 10 units | 1,745 | B |
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| 719 Park Pl | Multi-family - less than 10 units | 2,059 | A |
|
| 731 Park Pl | Single Family | 1,642 | B |
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| 715 Park Pl | Multi-family - less than 10 units | 2,372 | B |
|
| 724 Penn St | Single Family | 1,207 | B |
|
| 722 Penn St | Multi-family - less than 10 units | 1,175 | B |
|
| 728 Penn St | Single Family | 1,496 | B |
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| 720 Penn St | Single Family | 1,109 | B |
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| 730 Penn St | Multi-family - less than 10 units | 1,792 | B |
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| 737 Park Pl | Single Family | 2,034 | A |
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| 713 Park Pl | Single Family | 1,152 | B |
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| 720 Park Pl | Multi-family - less than 10 units | 3,299 | B |
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| 716 Penn St | Single Family | 1,086 | B |
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| 740 Penn St | Single Family | 987 | B |
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| 724 Park Pl | Single Family | 3,536 | A |
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| 716 Park Pl | Multi-family - less than 10 units | 2,373 | B |
|
| 1702 Lake Ave | Vacant Residential | 0 | L | |
| 739 Park Pl | Single Family | 1,043 | B |
|
| 730 Park Pl | Vacant Residential | 0 | L | |
| 732 Park Pl | Single Family | 1,179 | B |
|
| 742 Penn St | Single Family | 987 | B |
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| 712 Park Pl | Multi-family - less than 10 units | 3,837 | B |
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| 1713 Georgia Ave | Multi-family - less than 10 units | 1,514 | B |
|
| 1711 Georgia Ave | Single Family | 2,298 | B |
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| 743 Park Pl | Single Family | 1,111 | B |
|
| 1704 Lake Ave | Multi-family - less than 10 units | 1,193 | B |
|
| 1707 Georgia Ave | Multi-family - 10 units or more | 5,036 | B |
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| 723 Penn St | Single Family | 1,284 | B |
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| 717 Penn St | Single Family | 1,283 | B |
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| 727 Penn St | Multi-family - less than 10 units | 1,869 | B |
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| 736 Park Pl | Single Family | 1,812 | B |
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| 744 Penn St | Single Family | 981 | B |
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| 715 Penn St | Single Family | 1,091 | B |
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| 1701 Georgia Ave | Multi-family - less than 10 units | 3,070 | B |
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| 729 Penn St | Single Family | 1,150 | B |
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| 704 Park Pl | Single Family | 1,327 | B |
|
| 1716 Lake Ave | Vacant Residential | 0 | L | |
| 713 Penn St | Multi-family - less than 10 units | 1,651 | A |
|
| 711 Penn St | Multi-family - less than 10 units | 1,168 | B |
|
| 739 Penn St | Single Family | 1,355 | B |
|
| 721 Kanuga Dr | Single Family | 1,632 | B |
|
| 727 Kanuga Dr | Single Family | 1,616 | B |
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| 1800 Lake Ave | Single Family | 2,777 | B |
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| 731 Kanuga Dr | Single Family | 1,228 | B |
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| 1805 Georgia Ave | Multi-family - less than 10 units | 1,743 | B |
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| 709 Kanuga Dr | Multi-family - less than 10 units | 2,034 | B |
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| 735 Kanuga Dr | Single Family | 1,575 | B |
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| 1615 Georgia Ave | Single Family | 1,563 | B |
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| 707 Kanuga Dr | Single Family | 1,243 | 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 71 of all properties in this area. This suggests it would appeal to someone earning around $76,986 per year who should qualify for a mortgage between $153,972 and $192,465.
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 71 of all properties in this area. This corresponds to a rent of $1,213 per month and a monthly household income of $3,338 ($40,056 per year)
Nearby Companies
621 Kanuga Dr
727 Penn St
713 Penn St
713 Penn St
715 Penn St
811 Park Pl
808 Park Pl
800 Park Pl
740 Penn St
730 Penn St
729 Park Pl
712 Park Pl
712 Park Pl
712 Park Pl
716 Park Pl
701 Kanuga Dr
712 Kanuga Dr
1608 Lake Ave
724 Palm St