8528 Se Merritt Way, Jupiter
Palm Beach County Real Estate - Jupiter
Jupiter is in South East Florida. It's population as recorded in the 2010 Census was 55,156.
The median age for residents of Jupiter is 44.7. Around 26% of Jupiter households include school aged children and 32.5% of households include individuals aged 65 years or over. Census records indicate 90.6% of the Jupiter population are White, 1.5% are Black or African American, .5% American Indian, 2% Asian and 1.7% are Two or more Races.
There are 29,825 housing units in Jupiter. 5,905 (19.7%) of these were reported as vacant in the 2010 Census. Jupiter is a tourist destination, 68.3% (4,035) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 6,702 residential rental units in Jupiter. 6,001 of them were occupied in 2010 providing a residential rental vacancy rate of 9.8%.
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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 | |
|---|---|---|---|---|
| 8498 Se Merritt Wy | Single Family | 1,852 | C |
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| 8548 Se Merritt Way | Single Family | 2,751 | C |
|
| 8568 Se Merritt Way | Single Family | 2,915 | B |
|
| 8478 Se Merritt Wy | Single Family | 2,452 | C |
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| 8547 Se Merritt Way | Single Family | 2,111 | C |
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| 8537 Se Merritt Way | Vacant Residential | 0 | L | |
| 8517 Se Merritt Way | Single Family | 3,402 | B |
|
| 8557 Se Merritt Way | Single Family | 2,058 | C |
|
| 8487 Se Merritt Way | Single Family | 3,009 | B |
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| 8458 Se Merritt Way | Single Family | 2,206 | C |
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| 8567 Se Merritt Way | Single Family | 4,853 | B |
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| 8608 Se Merritt Way | Single Family | 2,824 | B |
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| 8467 Se Merritt Way | Single Family | 3,892 | B |
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| 8577 Se Merritt Way | Single Family | 1,756 | C |
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| 8587 Se Merritt Way | Single Family | 5,122 | B |
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| 8438 Se Merritt Way | Single Family | 2,488 | C |
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| 8447 Se Merritt Way | Single Family | 2,368 | C |
|
| 8607 Se Merritt Way | Single Family | 3,302 | C |
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| 8461 Se Bristol Way 0401 | Single Family | 5,391 | B |
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| 8471 Se Bristol Way | Single Family | 3,638 | B |
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| 8441 Se Bristol Way | Single Family | 2,385 | C |
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Local Household Income
The median household income in this part of Florida is $73,204. The bottom 10% of the population earn less than $25,099 per year. The top 10% earn more than $265,762 per year. The top 1% earn more than $672,729 per year. Most renters earn between $28,200 (20th percentile) and $55,116 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $146,408 and $183,010.
The tax assessed value of this property places it in percentile 93 of all properties in this area. This suggests it would appeal to someone earning around $338,725 per year who should qualify for a mortgage between $677,450 and $846,813.
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 $955. Most renters earn between $2,350 and $4,593 per month. They typically spend 34% of their monthly income on rent. Most rents fall in the $706 (20th percentile) to $1,306 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 93 of all properties in this area. This corresponds to a rent of $1,847 per month and a monthly household income of $5,981 ($71,772 per year)
Nearby Companies
8441 Se Bristol Way
8458 Se Merritt Way
8517 Se Merritt Way
8517 Se Merritt Way