624 Valley Forge Rd, 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 | |
|---|---|---|---|---|
| 626 Valley Forge Rd | Single Family | 1,547 | B |
 |
| 6101 Georgia Ave | Light manufacturing | 0 | L | |
| 625 Colonial Rd | Single Family | 1,114 | B |
|
| 619 Colonial Rd | Single Family | 1,122 | B |
|
| 630 Valley Forge Rd | Single Family | 1,088 | B |
|
| 633 Colonial Rd | Multi-family - less than 10 units | 2,975 | B |
|
| 611 Colonial Rd | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 850 | B |
|
| 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 |
|
| 631 Valley Forge Rd | Single Family | 1,307 | B |
|
| 6104 Garden Ave | Multi-family - less than 10 units | 1,733 | B |
|
| 636 Valley Forge Rd | Single Family | 757 | B |
|
| 6110 Garden Ave | Single Family | 921 | B |
|
| 6001 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 10,028 | B |
|
| 6114 Garden Ave | Single Family | 768 | B |
|
| 6016 Garden Ave | Single Family | 1,065 | B |
|
| 6100 Georgia Ave | Light manufacturing | 14,447 | B |
|
| 6205 Georgia Ave | Nightclub, cocktail lounge or bar | 2,050 | B |
|
| 620 Palmetto St | Single Family | 1,199 | B |
|
| 620 Colonial Rd | Single Family | 1,114 | B |
|
| 624 Palmetto St | Multi-family - less than 10 units | 1,733 | B |
|
| 622 Colonial Rd | Single Family | 1,612 | B |
|
| 6012 Garden Ave | Single Family | 1,293 | B |
|
| 628 Palmetto St | Multi-family - less than 10 units | 1,978 | B |
|
| 630 Colonial Rd | Single Family | 1,114 | B |
|
| 6010 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 5,040 | B |
|
| 632 Palmetto St | Multi-family - less than 10 units | 2,652 | B |
|
| 6008 Garden Ave | Single Family | 1,195 | B |
|
| 6207 Georgia Ave | Light manufacturing | 2,880 | B |
|
| 6200 Garden Ave | Single Family | 931 | B |
|
| 6120 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 8,791 | B |
|
| 638 Palmetto St | Single Family | 1,244 | B |
|
| 6107 Garden Ave | Multi-family - less than 10 units | 1,949 | B |
|
| 6101 Garden Ave | Single Family | 1,540 | B |
|
| 6000 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 4,080 | B |
|
| 6113 Garden Ave | Single Family | 1,148 | B |
|
| 625 Nathan Hale Rd | Single Family | 1,117 | B |
|
| 619 Nathan Hale Rd | Single Family | 1,305 | B |
|
| 627 Nathan Hale Rd | Single Family | 1,058 | B |
|
| 6117 Garden Ave | Single Family | 898 | B |
|
| 6019 Garden Ave | Single Family | 1,772 | B |
|
| 6212 Garden Ave | Single Family | 1,368 | B |
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| 6215 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 4,728 | B |
|
| 631 Nathan Hale Rd | Single Family | 1,272 | B |
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| 6208 Georgia Ave | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 2,460 | B |
|
| 6011 Garden Ave | Single Family | 768 | B |
|
| 621 Palmetto St | Multi-family - less than 10 units | 1,734 | B |
|
| 625 Palmetto St | Multi-family - less than 10 units | 1,842 | 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 58 of all properties in this area. This suggests it would appeal to someone earning around $57,393 per year who should qualify for a mortgage between $114,786 and $143,483.
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 58 of all properties in this area. This corresponds to a rent of $1,066 per month and a monthly household income of $3,016 ($36,192 per year)
Nearby Companies
6001 Georgia Ave
6001 Georgia Ave
6000 Georgia Ave
6000 Georgia Ave
6000 Georgia Ave
6000 Georgia Ave
722 Valley Forge Rd
710 Valley Forge Rd
709 Palmetto St
701 Palmetto St
700 Colonial Rd
700 Colonial Rd
619 Nathan Hale Rd
6215 Georgia Ave
6215 Georgia Ave
6215 Georgia Ave
6215 Georgia Ave
6212 Georgia Ave
6212 Georgia Ave
6212 Georgia Ave
6212 Georgia Ave
6212 Georgia Ave
6212 Georgia Ave
707 Colonial Rd
6207 Georgia Ave
6205 Georgia Ave
6120 Georgia Ave