1405 7th 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 | |
|---|---|---|---|---|
| 1403 7th St | Single Family | 912 | B |
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| 1407 7th St | Single Family | 922 | B |
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| 1409 7th St | Single Family | 934 | B |
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| 1406 8th St | Single Family | 917 | B |
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| 1401 7th St | Single Family | 1,942 | B |
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| 1404 8th St | Single Family | 912 | B |
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| 1408 8th St | Single Family | 942 | B |
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| 1400 8th St | Single Family | 964 | B |
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| 1410 8th St | Single Family | 1,521 | B |
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| 1411 7th St | Single Family | 964 | B |
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| 1406 7th St | Single Family | 920 | B |
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| 1404 7th St | Single Family | 912 | B |
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| 1408 7th St | Single Family | 969 | B |
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| 1402 7th St | Single Family | 941 | B |
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| 1410 7th St | Single Family | 938 | B |
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| 1413 7th St | Single Family | 934 | B |
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| 1400 7th St | Single Family | 920 | B |
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| 1412 7th St | Single Family | 1,188 | B |
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| 1414 8th St | Single Family | 2,128 | B |
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| 1405 8th St | Single Family | 1,294 | B |
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| 1415 7th St | Single Family | 934 | B |
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| 1403 8th St | Single Family | 917 | B |
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| 1407 8th St | Single Family | 1,549 | B |
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| 1409 6th St | Single Family | 1,156 | B |
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| 1405 6th St | Single Family | 2,660 | B |
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| 1414 7th St | Single Family | 1,219 | B |
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| 1409 8th St | Single Family | 1,171 | B |
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| 1413 6th St | Single Family | 1,550 | B |
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| 1401 8th St | Single Family | 2,592 | B |
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| 1416 8th St | Single Family | 1,606 | B |
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| 1411 8th St | Single Family | 1,253 | B |
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| 1401 6th St | Single Family | 2,199 | B |
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| 1417 6th St | Single Family | 2,238 | B |
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| 1393 7th St | Single Family | 880 | B |
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| 1417 7th St | Single Family | 964 | B |
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| 1396 7th St | Single Family | 1,818 | B |
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| 1416 7th St | Single Family | 920 | B |
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| 1392 8th St | Single Family | 856 | B |
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| 1413 8th St | Single Family | 920 | B |
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| 1418 8th St | Single Family | 934 | B |
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| 1421 6th St | Single Family | 1,998 | B |
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| 1406 9th St | Single Family | 942 | B |
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| 1408 9th St | Single Family | 934 | B |
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| 1404 9th St | Single Family | 934 | B |
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| 1415 8th St | Single Family | 1,268 | B |
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| 1419 7th St | Single Family | 944 | B |
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| 1418 7th St | Single Family | 1,425 | B |
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| 1389 7th St | Single Family | 892 | 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 29 of all properties in this area. This suggests it would appeal to someone earning around $29,529 per year who should qualify for a mortgage between $59,058 and $73,823.
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 29 of all properties in this area. This corresponds to a rent of $818 per month and a monthly household income of $2,374 ($28,488 per year)
Nearby Companies
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