831 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 | |
|---|---|---|---|---|
| 827 El Vedado | Single Family | 1,406 | B |
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| 835 El Vedado | Single Family | 928 | B |
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| 830 El Prado | Single Family | 865 | B |
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| 823 El Vedado | Single Family | 1,240 | B |
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| 826 El Prado | Single Family | 1,270 | B |
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| 834 El Prado | Single Family | 1,060 | B |
|
| 839 El Vedado | Single Family | 1,040 | B |
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| 3330 Parker Ave | Single Family | 1,196 | B |
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| 822 El Prado | Single Family | 1,028 | B |
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| 3326 Parker Ave | Single Family | 1,145 | B |
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| 826 El Vedado | Single Family | 1,225 | B |
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| 830 El Vedado | Single Family | 1,453 | B |
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| 819 El Vedado | Single Family | 1,248 | B |
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| 824 El Vedado | Single Family | 1,632 | B |
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| 834 El Vedado | Single Family | 1,208 | B |
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| 838 El Prado | Single Family | 1,212 | B |
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| 818 El Prado | Single Family | 1,227 | B |
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| 822 El Vedado | Single Family | 1,263 | B |
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| 3400 Parker Ave | Single Family | 1,292 | B |
|
| 815 El Vedado | Single Family | 1,118 | B |
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| 814 El Prado | Single Family | 1,275 | B |
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| 818 El Vedado | Single Family | 1,057 | B |
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| 831 El Prado | Single Family | 996 | B |
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| 833 Hillcrest Blvd | Single Family | 1,264 | B |
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| 827 El Prado | Single Family | 1,251 | B |
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| 827 Hillcrest Blvd | Single Family | 1,274 | B |
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| 835 El Prado | Single Family | 1,474 | B |
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| 839 El Prado | Single Family | 1,325 | B |
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| 837 Hillcrest Blvd | Single Family | 1,280 | B |
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| 811 El Vedado | Single Family | 1,151 | B |
|
| 823 El Prado | Single Family | 1,026 | B |
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| 821 Hillcrest Blvd | Single Family | 1,243 | B |
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| 3416 Parker Ave | Single Family | 1,417 | B |
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| 810 El Prado | Single Family | 1,155 | B |
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| 814 El Vedado | Single Family | 865 | B |
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| 819 El Prado | Single Family | 1,491 | B |
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| 815 Hillcrest Blvd | Single Family | 2,285 | B |
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| 3308 Parker Ave | Single Family | 1,006 | B |
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| 815 El Prado | Single Family | 1,339 | B |
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| 811 Hillcrest Blvd | Single Family | 1,699 | B |
|
| 810 El Vedado | Single Family | 1,417 | B |
|
| 3331 Lake Ave | Single Family | 898 | B |
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| 801 El Vedado | Single Family | 983 | B |
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| 830 Avenida Hermosa | Single Family | 1,406 | B |
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| 3304 Parker Ave | Single Family | 865 | B |
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| 3327 Lake Ave | Single Family | 1,012 | B |
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| 826 Avenida Hermosa | Single Family | 1,376 | B |
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| 834 Avenida Hermosa | Single Family | 1,227 | B |
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| 811 El Prado | Single Family | 1,082 | 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 53 of all properties in this area. This suggests it would appeal to someone earning around $50,597 per year who should qualify for a mortgage between $101,194 and $126,493.
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 53 of all properties in this area. This corresponds to a rent of $1,025 per month and a monthly household income of $2,896 ($34,752 per year)
Nearby Companies
451 Great Hill Rd
3416 Parker Ave
827 El Vedado
811 El Prado
828 Hillcrest Blvd