417 16th St, 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 | |
|---|---|---|---|---|
| 415 16th St | Single Family | 1,947 | B |
 |
| 440 Lilac Ct | Single Family | 878 | B |
|
| 438 Lilac Ct | Single Family | 1,544 | B |
|
| 413 16th St | Municipal Owned | 0 | L | |
| 501 16th St | Single Family | 848 | B |
|
| 432 Lilac Ct | Vacant Residential | 0 | L | |
| 442 16th St | Multi-family - 10 units or more | 6,937 | B |
|
| 411 16th St | Municipal Owned | 0 | L | |
| 505 16th St | Multi-family - less than 10 units | 2,504 | B |
|
| 438 16th St | Multi-family - less than 10 units | 1,749 | B |
|
| 504 Lilac Ct | Vacant Residential | 0 | L | |
| 428 Lilac Ct | Single Family | 981 | B |
|
| 457 Lilac Ct | Municipal Owned | 0 | L | |
| 451 Lilac Ct | Municipal Owned | 0 | L | |
| 434 16th St | Vacant Residential | 0 | L | |
| 1619 Spruce Ave | Vacant Commercial | 0 | L | |
| 445 Lilac Ct | Municipal Owned | 0 | L | |
| 501 Lilac Ct | Single Family | 1,002 | B |
|
| 409 16th St | Municipal Owned | 0 | L | |
| 511 16th St | Single Family | 733 | B |
|
| 430 16th St | Single Family | 1,693 | B |
|
| 504 16th St | Multi-family - less than 10 units | 1,954 | B |
|
| 508 Lilac Ct | Vacant Residential | 0 | L | |
| 424 Lilac Ct | Vacant Residential | 0 | L | |
| 505 Lilac Ct | Vacant Residential | 0 | L | |
| 439 Lilac Ct | Municipal Owned | 0 | L | |
| 460 17th St | Municipal Owned | 0 | L | |
| 424 16th St | Single Family | 1,583 | B |
|
| 508 16th St | Vacant Residential | 0 | L | |
| 513 16th St | Single Family | 1,049 | B |
|
| 407 16th St | Municipal Owned | 0 | L | |
| 512 Lilac Ct | Vacant Residential | 0 | L | |
| 420 Lilac Ct | Single Family | 1,237 | B |
|
| 1725 Spruce Ave | Store, one story | 1,250 | B |
|
| 509 Lilac Ct | Vacant Residential | 0 | L | |
| 17th St | Municipal Owned | 0 | L | |
| 420 16th St | Single Family | 2,070 | B |
|
| 512 16th St | Multi-family - less than 10 units | 2,516 | B |
|
| 435 15th St | Vacant Residential | 0 | L | |
| 515 16th St | Single Family | 959 | B |
|
| 405 16th St | Municipal Owned | 0 | L | |
| 514 Lilac Ct | Single Family | 900 | B |
|
| 416 Lilac Ct | Single Family | 906 | B |
|
| 515 Lilac Ct | Vacant Residential | 0 | L | |
| 505 15th St | Mixed use - store and office or store and residential or residential combination | 8,026 | B |
|
| 508 17th St | Vacant Residential | 0 | L | |
| 418 16th St | Single Family | 1,171 | B |
|
| 16th St | Municipal Owned | 0 | L | |
| 544 16th St | Warehousing, distribution terminal, trucking terminal, or van and storage warehousing | 0 | L |
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 39 of all properties in this area. This suggests it would appeal to someone earning around $37,557 per year who should qualify for a mortgage between $75,114 and $93,893.
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 39 of all properties in this area. This corresponds to a rent of $915 per month and a monthly household income of $2,618 ($31,416 per year)
Nearby Companies
415 16th St
1705 N Dixie Hwy
1705 N Dixie Hwy
1705 N Dixie Hwy
506 L A Kirksey St
506 L A Kirksey St
440 Lilac Ct
408 17th St