5506 Banyan Ln, Tamarac
Broward County Real Estate - Pompano Beach
Pompano Beach is in South East Florida. It's population as recorded in the 2010 Census was 99,845.
The median age for residents of Pompano Beach is 42.7. Around 23.7% of Pompano Beach households include school aged children and 33.8% of households include individuals aged 65 years or over. Census records indicate 62.6% of the Pompano Beach population are White, 28.8% are Black or African American, .2% American Indian, 1.3% Asian and 2.3% are Two or more Races.
There are 55,885 housing units in Pompano Beach. 13,703 (24.5%) of these were reported as vacant in the 2010 Census. Pompano Beach is a tourist destination, 55.6% (7,621) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 20,183 residential rental units in Pompano Beach. 17,190 of them were occupied in 2010 providing a residential rental vacancy rate of 14.4%.
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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 | |
|---|---|---|---|---|
| 5508 Banyan Ln | Single Family | 2,270 | B |
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| 5507 Guava Cir | Single Family | 2,521 | B |
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| 5507 Banyan Ln | Single Family | 2,314 | B |
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| 5509 Guava Cir | Single Family | 1,892 | B |
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| 5509 Banyan Ln | Single Family | 2,587 | B |
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| 5505 Banyan Ln | Single Family | 2,507 | B |
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| 5506 Guava Cir | Single Family | 2,271 | B |
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| 5902 Blue Beech Pl | Single Family | 2,273 | B |
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| 5904 Blue Beech Ct | Single Family | 2,061 | B |
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| 5508 Guava Cir | Single Family | 1,828 | B |
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| 5800 Australian Pine Dr | Single Family | 3,221 | B |
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| 5906 Blue Beech Ct | Single Family | 2,932 | B |
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| 5415 Banyan Ln | Single Family | 2,007 | B |
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| 5802 Australian Pine Dr | Single Family | 2,538 | B |
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| 5601 Nw 58 Way | Single Family | 1,973 | B |
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| 5712 Guava Dr | Single Family | 3,123 | B |
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| 5714 Guava Dr | Single Family | 2,202 | B |
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| 5831 W Commercial Blvd | Single Family | 2,358 | B |
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| 5821 W Commercial Blvd | Single Family | 2,175 | B |
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| 5901 Blue Beech Pl | Single Family | 2,921 | B |
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| 5903 Blue Beech Pl | Single Family | 2,251 | B |
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| 5811 W Commercial Blvd | Single Family | 2,646 | B |
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| 5804 Australian Pine Dr | Single Family | 2,653 | B |
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| 5413 Banyan Ln | Single Family | 3,208 | B |
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| 5801 W Commercial Blvd | Single Family | 1,956 | B |
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| 5908 Blue Beech Ct | Single Family | 2,213 | B |
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| 5414 Banyan Ln | Single Family | 2,362 | B |
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| 5611 Nw 58 Way | Single Family | 2,375 | B |
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| 5803 Australian Pine Dr | Single Family | 2,289 | B |
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| 5751 W Commercial Blvd | Single Family | 1,956 | B |
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| 5710 Guava Dr | Single Family | 2,350 | B |
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| 5830 Nw 56 Pl | Single Family | 1,796 | B |
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| 5820 Nw 56 Pl | Single Family | 1,924 | B |
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| 5741 W Commercial Blvd | Single Family | 1,956 | B |
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| 5810 Nw 56 Pl | Single Family | 1,986 | B |
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| 5411 Banyan Ln | Single Family | 3,071 | B |
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| 5917 Blue Beech Ln | Single Family | 2,011 | B |
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| 5806 Australian Pine Dr | Single Family | 2,468 | B |
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| 5412 Banyan Ln | Single Family | 2,036 | B |
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| 5915 Blue Beech Ct | Single Family | 2,792 | B |
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| 5805 Australian Pine Dr | Single Family | 1,895 | B |
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| 5621 Nw 58 Way | Single Family | 2,081 | B |
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| 5910 Blue Beech Ct | Single Family | 2,336 | B |
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| 5800 Nw 56 Pl | Single Family | 2,315 | B |
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Local Household Income
The median household income in this part of Florida is $50,148. The bottom 10% of the population earn less than $16,295 per year. The top 10% earn more than $114,860 per year. The top 1% earn more than $370,169 per year. Most renters earn between $29,916 (20th percentile) and $45,504 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $100,296 and $125,370.
The tax assessed value of this property places it in percentile 85 of all properties in this area. This suggests it would appeal to someone earning around $102,033 per year who should qualify for a mortgage between $204,066 and $255,083.
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 $1,098. Most renters earn between $2,493 and $3,792 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $896 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 85 of all properties in this area. This corresponds to a rent of $1,520 per month and a monthly household income of $4,020 ($48,240 per year)
Nearby Companies
5906 Blue Beech Ct
5906 Blue Beech Ct
5906 Blue Beech Ct
5712 Guava Dr
5507 Guava Cir
5506 Banyan Ln
6008 Nw 56th St
6008 Nw 56th St
5996 Nw 56th Pl
5919 Nw 56th Ct
5919 Nw 56th Ct
5901 Nw 56th Ct
5600 Nw 57th Way
5600 Nw 57th Way
5621 Nw 58th Way
5621 Nw 58th Way
5640 Nw 58 Lane