6115 Lake Ave, 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 | |
|---|---|---|---|---|
| 809 Colonial Rd | Single Family | 789 | B |
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| 6107 Lake Ave | Single Family | 1,231 | B |
|
| 815 Colonial Rd | Single Family | 1,778 | B |
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| 735 Colonial Rd | Multi-family - less than 10 units | 2,393 | B |
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| 6101 Lake Ave | Single Family | 1,145 | B |
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| 810 Valley Forge Rd | Single Family | 1,767 | B |
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| 6201 Lake Ave | Single Family | 1,699 | B |
|
| 810 Colonial Rd | Single Family | 993 | B |
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| 732 Valley Forge Rd | Single Family | 1,349 | B |
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| 733 Colonial Rd | Single Family | 1,588 | B |
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| 814 Valley Forge Rd | Single Family | 2,134 | B |
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| 819 Colonial Rd | Single Family | 1,868 | B |
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| 814 Colonial Rd | Single Family | 1,423 | B |
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| 732 Colonial Rd | Single Family | 1,020 | B |
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| 840 Colonial Rd | Municipal Owned | 0 | L | |
| 816 Colonial Rd | Single Family | 941 | B |
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| 6211 Lake Ave | Single Family | 1,333 | B |
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| 724 Valley Forge Rd | Single Family | 1,448 | B |
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| 824 Valley Forge Rd | Single Family | 1,605 | B |
|
| 823 Colonial Rd | Single Family | 834 | B |
|
| 801 Valley Forge Rd | Single Family | 1,263 | B |
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| 721 Colonial Rd | Single Family | 1,573 | B |
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| 726 Colonial Rd | Single Family | 840 | B |
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| 809 Nathan Hale Rd | Single Family | 1,106 | B |
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| 809 Valley Forge Rd | Single Family | 838 | B |
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| 824 Colonial Rd | Single Family | 2,323 | B |
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| 6217 Lake Ave | Single Family | 1,205 | B |
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| 733 Valley Forge Rd | Single Family | 1,266 | B |
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| 735 Nathan Hale Rd | Single Family | 906 | B |
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| 815 Valley Forge Rd | Single Family | 1,017 | B |
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| 827 Colonial Rd | Single Family | 856 | B |
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| 815 Nathan Hale Rd | Single Family | 1,529 | B |
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| 830 Valley Forge Rd | Multi-family - less than 10 units | 2,141 | B |
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| 722 Colonial Rd | Single Family | 1,560 | B |
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| 6009 Lake Ave | Multi-family - less than 10 units | 1,744 | B |
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| 729 Nathan Hale Rd | Single Family | 978 | B |
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| 717 Colonial Rd | Single Family | 1,289 | B |
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| 819 Valley Forge Rd | Single Family | 903 | B |
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| 826 Colonial Rd | Single Family | 965 | B |
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| 725 Valley Forge Rd | Single Family | 1,537 | B |
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| 725 Nathan Hale Rd | Single Family | 836 | B |
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| 825 Nathan Hale Rd | Single Family | 1,060 | B |
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| 832 Valley Forge Rd | Single Family | 1,008 | B |
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| 833 Colonial Rd | Single Family | 1,168 | B |
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| 716 Colonial Rd | Single Family | 1,351 | B |
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| 830 Colonial Rd | Single Family | 768 | B |
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| 707 Colonial Rd | Single Family | 1,475 | B |
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| 712 Valley Forge Rd | Single Family | 993 | B |
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| 825 Valley Forge Rd | Single Family | 1,240 | 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 67 of all properties in this area. This suggests it would appeal to someone earning around $70,717 per year who should qualify for a mortgage between $141,434 and $176,793.
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 67 of all properties in this area. This corresponds to a rent of $1,159 per month and a monthly household income of $3,209 ($38,508 per year)
Nearby Companies
826 Palmetto St
825 Valley Forge Rd
825 Valley Forge Rd
801 Valley Forge Rd
723 Valley Forge Rd
816 Colonial Rd
815 Nathan Hale Rd
815 Nathan Hale Rd
814 Colonial Rd
6115 Lake Ave
6115 Lake Ave
722 Colonial Rd
719 Nathan Hale Rd
719 Nathan Hale Rd