3401 Spruce Ave, 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 | |
|---|---|---|---|---|
| 505 33rd St | Single Family | 2,144 | B |
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| 509 33rd St | Single Family | 1,408 | B |
|
| 445 33rd St | Single Family | 2,257 | A |
|
| 3415 Spruce Ave | Single Family | 1,429 | B |
|
| 504 34th St | Single Family | 1,163 | B |
|
| 515 33rd St | Single Family | 2,027 | B |
|
| 443 33rd St | Single Family | 2,206 | B |
|
| 508 34th St | Single Family | 1,705 | B |
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| 3319 Spruce Ave | Single Family | 1,170 | B |
|
| 504 33rd St | Single Family | 977 | B |
|
| 444 34th St | Single Family | 2,727 | B |
|
| 508 33rd St | Single Family | 2,800 | B |
|
| 444 33rd St | Single Family | 1,665 | B |
|
| 517 33rd St | Single Family | 2,937 | B |
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| 516 34th St | Single Family | 1,355 | B |
|
| 441 33rd St | Single Family | 2,225 | B |
|
| 512 33rd St | Single Family | 1,328 | B |
|
| 442 33rd St | Single Family | 2,380 | B |
|
| 520 34th St | Single Family | 2,892 | B |
|
| 436 34th St | Single Family | 1,803 | B |
|
| 519 33rd St | Single Family | 2,428 | B |
|
| 431 33rd St | Single Family | 895 | B |
|
| 518 33rd St | Single Family | 768 | B |
|
| 436 33rd St | Multi-family - less than 10 units | 2,065 | B |
|
| 432 34th St | Single Family | 1,718 | B |
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| 521 33rd St | Single Family | 1,472 | B |
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| 520 33rd St | Single Family | 1,879 | B |
|
| 3501 Spruce Ave | Single Family | 1,784 | B |
|
| 505 32nd St | Single Family | 3,381 | A |
|
| 427 33rd St | Single Family | 1,037 | B |
|
| 524 34th St | Single Family | 1,675 | B |
|
| 432 33rd St | Single Family | 1,104 | B |
|
| 505 34th St | Single Family | 1,099 | B |
|
| 509 34th St | Single Family | 2,252 | B |
|
| 445 34th St | Single Family | 2,013 | B |
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| 443 32nd St | Single Family | 2,233 | B |
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| 511 32nd St | Single Family | 2,363 | A |
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| 426 34th St | Multi-family - less than 10 units | 2,006 | B |
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| 513 34th St | Single Family | 2,073 | B |
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| 443 34th St | Single Family | 1,835 | B |
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| 441 32nd St | Single Family | 1,814 | B |
|
| 522 33rd St | Single Family | 2,899 | B |
|
| 428 33rd St | Single Family | 1,454 | B |
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| 523 33rd St | Single Family | 1,206 | B |
|
| 425 33rd St | Single Family | 1,325 | B |
|
| 523 32nd St | Single Family | 3,212 | B |
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| 517 34th St | Single Family | 1,346 | B |
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| 437 34th St | Single Family | 1,691 | B |
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| 435 32nd St | Single Family | 1,976 | 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 74 of all properties in this area. This suggests it would appeal to someone earning around $84,634 per year who should qualify for a mortgage between $169,268 and $211,585.
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 74 of all properties in this area. This corresponds to a rent of $1,242 per month and a monthly household income of $3,480 ($41,760 per year)
Nearby Companies
515 33rd St
532 34th St
532 34th St
444 34th St
444 34th St
437 34th St
506 35th St
506 35th St
3510 Spruce Ave
3218 Spruce Ave
505 32nd St
511 32nd St
420 33rd St
432 33rd St
444 33rd St
3319 Spruce Ave
524 33rd St