7872 Nw 62 Ter, Parkland
Palm Beach County Real Estate - Loxahatchee
Loxahatchee is in South East Florida. Loxahatchee is approximately 43 miles from Miami (population 399,457) and around 39 miles from Hialeah (population 224,669).
Loxahatchee links:
Links
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 | |
|---|---|---|---|---|
| 7862 Nw 62 Ter | Single Family | 2,178 | B |
 |
| 7882 Nw 62 Ter | Single Family | 2,548 | B |
|
| 7852 Nw 62 Ter | Single Family | 2,495 | B |
|
| 7873 Nw 61 Ter | Single Family | 2,924 | B |
|
| 7863 Nw 61 Ter | Single Family | 2,495 | B |
|
| 7853 Nw 61 Ter | Single Family | 2,548 | B |
|
| 7842 Nw 62 Ter | Single Family | 2,548 | B |
|
| 7867 Nw 62 Ter | Single Family | 2,495 | B |
|
| 7877 Nw 62 Ter | Single Family | 2,495 | B |
|
| 7857 Nw 62 Ter | Single Family | 2,548 | B |
|
| 7887 Nw 62 Ter | Single Family | 2,142 | B |
|
| 7843 Nw 61 Ter | Single Family | 2,924 | B |
|
| 7847 Nw 62 Ter | Single Family | 2,178 | B |
|
| 7832 Nw 62 Ter | Single Family | 3,024 | B |
|
| 7897 Nw 62 Ter | Single Family | 3,024 | B |
|
| 6189 Nw 78 Mnr | Single Family | 2,495 | B |
|
| 6209 Nw 78 Mnr | Single Family | 2,633 | B |
|
| Nw 78 Mnr | Undefined - Reserved for Use by Department of Revenue | 0 | L | |
| 7833 Nw 61 Ter | Single Family | 3,024 | B |
|
| 6169 Nw 78 Mnr | Single Family | 2,548 | B |
|
| 7837 Nw 62 Ter | Single Family | 2,548 | B |
|
| 6229 Nw 78 Mnr | Single Family | 2,548 | B |
|
| 6149 Nw 78 Mnr | Single Family | 2,548 | B |
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| 7822 Nw 62 Ter | Single Family | 2,548 | B |
|
| 7870 Nw 61 Ter | Single Family | 2,495 | B |
|
| 7880 Nw 61 Ter | Single Family | 3,024 | B |
|
| 7862 Nw 62 Way | Single Family | 2,618 | B |
|
| 7860 Nw 61 Ter | Single Family | 3,024 | B |
|
| 6249 Nw 78 Mnr | Single Family | 3,024 | B |
|
| 7827 Nw 62 Ter | Single Family | 3,024 | B |
|
| 7850 Nw 62 Way | Single Family | 2,618 | B |
|
| 7874 Nw 62 Way | Single Family | 2,482 | B |
|
| 7813 Nw 61 Ter | Single Family | 2,548 | B |
|
| 7850 Nw 61 Ter | Single Family | 2,548 | B |
|
| 7890 Nw 61 Ter | Single Family | 2,178 | B |
|
| 7886 Nw 62 Way | Single Family | 2,902 | B |
|
| 7848 Nw 62 Way | Single Family | 2,367 | B |
|
| 6269 Nw 78 Mnr | Single Family | 2,495 | B |
|
| 7840 Nw 61 Ter | Single Family | 2,548 | B |
|
| 7908 Nw 62 Way | Single Family | 2,201 | B |
|
| 7836 Nw 62 Way | Single Family | 2,367 | B |
|
| 7817 Nw 62 Ter | Single Family | 2,548 | B |
|
| 7525 Nw 61 Ter | Condominium | 1,486 | B |
|
| 7820 Nw 61 Ter | Single Family | 2,495 | B |
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| 7920 Nw 62 Way | Single Family | 2,618 | B |
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| 7824 Nw 62 Way | Single Family | 2,417 | B |
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| 7810 Nw 61 Ter | Single Family | 3,024 | B |
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| 7932 Nw 62 Way | Single Family | 2,417 | B |
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| 7812 Nw 62 Way | Single Family | 2,902 | B |
|
Local Household Income
The median household income in this part of Florida is $61,545. The bottom 10% of the population earn less than $21,166 per year. The top 10% earn more than $141,056 per year. The top 1% earn more than $347,811 per year. Most renters earn between $37,476 (20th percentile) and $58,572 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $123,090 and $153,863.
The tax assessed value of this property places it in percentile 91 of all properties in this area. This suggests it would appeal to someone earning around $147,623 per year who should qualify for a mortgage between $295,246 and $369,058.
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 $1,297. Most renters earn between $3,123 and $4,881 per month. They typically spend 35% of their monthly income on rent. Most rents fall in the $1,015 (20th percentile) to $1,595 (80th percentile) range. The residential vacancy rate is 6%.
This property falls in percentile 91 of all properties in this area. This corresponds to a rent of $1,973 per month and a monthly household income of $5,989 ($71,868 per year)
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