259 Bloomfield Dr, 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 | |
|---|---|---|---|---|
| 253 Bloomfield Dr | Single Family | 2,262 | B |
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| 250 Santa Lucia Dr | Single Family | 1,844 | B |
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| 301 Nathan Hale Rd | Single Family | 1,093 | B |
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| 240 Santa Lucia Dr | Single Family | 3,179 | B |
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| 247 Bloomfield Dr | Single Family | 1,380 | B |
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| 230 Santa Lucia Dr | Single Family | 1,039 | B |
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| 258 Bloomfield Dr | Single Family | 1,601 | B |
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| 300 Nathan Hale Rd | Single Family | 1,485 | B |
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| 309 Nathan Hale Rd | Single Family | 1,414 | B |
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| 300 Colonial Rd | Single Family | 2,573 | B |
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| 252 Bloomfield Dr | Multi-family - less than 10 units | 2,117 | B |
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| 241 Bloomfield Dr | Single Family | 1,323 | B |
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| 248 Bloomfield Dr | Single Family | 2,066 | B |
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| 228 Santa Lucia Dr | Single Family | 2,282 | B |
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| 306 Nathan Hale Rd | Single Family | 1,749 | B |
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| 245 Santa Lucia Dr | Single Family | 1,503 | B |
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| 241 Santa Lucia Dr | Single Family | 1,744 | B |
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| 242 Bloomfield Dr | Single Family | 2,493 | B |
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| 315 Nathan Hale Rd | Single Family | 1,810 | B |
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| 235 Bloomfield Dr | Single Family | 1,871 | B |
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| 308 Colonial Rd | Single Family | 1,525 | B |
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| 301 Franklin Rd | Single Family | 2,891 | B |
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| 235 Santa Lucia Dr | Single Family | 1,811 | B |
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| 6316 S Olive Ave | Single Family | 1,195 | B |
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| 312 Nathan Hale Rd | Single Family | 1,638 | B |
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| 222 Santa Lucia Dr | Single Family | 1,673 | B |
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| 301 Colonial Rd | Single Family | 1,605 | B |
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| 309 Franklin Rd | Single Family | 1,925 | B |
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| 236 Bloomfield Dr | Single Family | 6,088 | A |
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| 229 Santa Lucia Dr | Single Family | 1,842 | B |
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| 231 Bloomfield Dr | Single Family | 2,871 | B |
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| 255 Cortez Rd | Single Family | 1,481 | B |
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| 246 Elwa Pl | Single Family | 2,670 | B |
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| 234 Elwa Pl | Single Family | 2,242 | B |
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| 6320 S Olive Ave | Single Family | 2,018 | B |
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| 311 Franklin Rd | Single Family | 2,108 | B |
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| 311 Colonial Rd | Single Family | 3,056 | A |
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| 216 Santa Lucia Dr | Single Family | 1,852 | B |
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| 223 Santa Lucia Dr | Single Family | 1,546 | B |
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| 224 Bloomfield Dr | Single Family | 2,613 | B |
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| 228 Elwa Pl | Single Family | 2,263 | B |
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| 225 Bloomfield Dr | Single Family | 1,819 | B |
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| 241 Cortez Rd | Single Family | 1,791 | B |
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| 300 Valley Forge Rd | Single Family | 2,163 | B |
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| 327 Nathan Hale Rd | Single Family | 2,619 | B |
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| 300 Franklin Rd | Single Family | 2,054 | B |
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| 320 Colonial Rd | Single Family | 3,441 | B |
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| 237 Cortez Rd | Single Family | 1,163 | B |
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| 217 Santa Lucia Dr | Single Family | 1,604 | 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 82 of all properties in this area. This suggests it would appeal to someone earning around $107,654 per year who should qualify for a mortgage between $215,308 and $269,135.
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 82 of all properties in this area. This corresponds to a rent of $1,394 per month and a monthly household income of $3,831 ($45,972 per year)
Nearby Companies
308 Valley Forge Rd
224 Bloomfield Dr
224 Bloomfield Dr
224 Bloomfield Dr
224 Bloomfield Dr
224 Bloomfield Dr
224 Bloomfield Dr
224 Bloomfield Dr
224 Bloomfield Dr
224 Bloomfield Dr
224 Bloomfield Dr
236 Bloomfield Dr
236 Bloomfield Dr
241 Bloomfield Dr
231 Bloomfield Dr
231 Bloomfield Dr
222 Santa Lucia Dr
217 Santa Lucia Dr
235 Santa Lucia Dr
228 Elwa Pl
300 Franklin Rd