1051 Hillsboro Mile, Hillsboro Beach
Broward County Real Estate - Deerfield Beach
Deerfield Beach is in South East Florida. It's population as recorded in the 2010 Census was 75,018.
The median age for residents of Deerfield Beach is 43.3. Around 23% of Deerfield Beach households include school aged children and 36.7% of households include individuals aged 65 years or over. Census records indicate 65.7% of the Deerfield Beach population are White, 25.6% are Black or African American, .2% American Indian, 1.5% Asian and 2.6% are Two or more Races.
There are 42,671 housing units in Deerfield Beach. 9,301 (21.7%) of these were reported as vacant in the 2010 Census. Deerfield Beach is a tourist destination, 63.6% (5,918) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 13,427 residential rental units in Deerfield Beach. 12,013 of them were occupied in 2010 providing a residential rental vacancy rate of 10.2%.
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Broward County
Broward County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Monroe counties. Broward County has 29 recognized cities and towns, the largest being Fort Lauderdale, Pembroke Pines, and Hollywood. 95% of the properties in Broward County are residential, implying that it is a largely suburban area. Broward County is centrally located between major metropolitan areas in Miami-Dade and Palm Beach Counties. The county?s population is over 1.5 million, making it the second most populous in Florida.
Broward County identified these industries as focuses for its expansion efforts: advanced materials and High-Tech Manufacturing, aviation/aerospace, international trade, marine industries, and headquarters and management operations. Major private sector employers are American Express, Nova Southeastern University, AutoNation, Kaplan Higher Education, and The Answer Group. Top public employers are Broward County School District, Broward County Government, North Broward Hospital District, Memorial Healthcare System, and the City of Fort Lauderdale.
Port Everglades and Fort Lauderdale-Hollywood International Airport are major contributors to the region?s economy. Port Everglades is the third most trafficked port for cruise passengers in the nation. It is also a major destination for container cargo and imported petroleum. FLL is the 21st-busiest airport in the United States and the Florida Department of Transportation estimates its economic impact at $10.6 billion.
The county seat and largest city, with a population over 165,000, is Fort Lauderdale. The eighth-largest city in the state is a travel destination, especially for LGBT tourists. Fort Lauderdale and the adjacent Wilton Manors are among the most friendly cities to LGBT people and are among the cities with the highest proportions of same-sex couples.
Nova Southeastern University is a major private school located in the suburb of Davie. Broward College has campuses throughout the county. City College and the Art Institute of Fort Lauderdale are located in the city, as are satellite campuses of Florida Atlantic University and Florida International University.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1051 Hillsboro Mile | Condominium | 1,200 | B |
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| 1050 Hillsboro Mile | Condominium | 1,200 | B |
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| 1050 Hillsboro Mile | Condominium | 1,000 | B |
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| 1051 Hillsboro Mile | Condominium | 1,000 | B |
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| 1057 Hillsboro Mile | Condominium | 1,060 | B |
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| 1045 Hillsboro Mile | Cooperative | 1,150 | B |
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| 1043 Hillsboro Mile | Cooperative | 850 | B |
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| 1041 Hillsboro Mile | Cooperative | 1,000 | B |
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| 4010 Ne 31 Ave | Single Family | 8,189 | B |
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| 4020 Ne 31 Ave | Single Family | 0 | A |
Local Household Income
The median household income in this part of Florida is $56,444. The bottom 10% of the population earn less than $16,148 per year. The top 10% earn more than $152,725 per year. The top 1% earn more than $567,336 per year. Most renters earn between $31,320 (20th percentile) and $47,760 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $112,888 and $141,110.
The tax assessed value of this property places it in percentile 90 of all properties in this area. This suggests it would appeal to someone earning around $152,725 per year who should qualify for a mortgage between $305,450 and $381,813.
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 $1,163. Most renters earn between $2,610 and $3,980 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $872 (20th percentile) to $1,476 (80th percentile) range. The residential vacancy rate is 11%.
This property falls in percentile 90 of all properties in this area. This corresponds to a rent of $1,755 per month and a monthly household income of $4,681 ($56,172 per year)
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