1057 Sw Spruce St, Palm City
Martin County Real Estate - Palm City
Palm City is in South East Florida. It's population as recorded in the 2010 Census was 23,120. Palm City is approximately 9 miles from Port Saint Lucie (population 164,603) and around 63 miles from Palm Bay (population 103,190).
The median age for residents of Palm City is 49.7. Around 27.9% of Palm City households include school aged children and 42.3% of households include individuals aged 65 years or over. Census records indicate 95.3% of the Palm City population are White, 1% are Black or African American, .1% American Indian, 1.5% Asian and 1.2% are Two or more Races.
There are 10,939 housing units in Palm City. 1,174 (10.7%) of these were reported as vacant in the 2010 Census. Palm City is a tourist destination, 39.6% (465) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,636 residential rental units in Palm City. 1,415 of them were occupied in 2010 providing a residential rental vacancy rate of 13%.
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Martin County
Martin County is part of the southeast region of Florida, along with Indian River, St. Lucie, Miami-Dade, Palm Beach, Broward, and Monroe counties. Martin cities and towns are Stuart, Jupiter Island, Ocean Breeze, and Sewall's Point. Other communities of note include Hobe Sound, Indiantown, Jensen Beach, and Palm City. More than 140,000 people live in Martin County.
County targeted industries include aviation and aerospace, environmental/green technologies, marine industries, and headquarters. Top public sector employers are Martin County School District, Martin County, Florida State Government, City of Stuart, and Indian River State College. Private employers are Martin Memorial Healthcare Systems, Publix Supermarkets, Old Cell Phone, TurboCombustor Technologies Inc, and Florida Power and Light.
The county seat of Stuart is home to over 15,000. Known as the Sailfish Capital of the World, Stuart is a popular boating and fishing destination. Indeed, Ralph Evinrude, owner of Evinrude Outboard Motors, retired to nearby Jensen Beach.
Jupiter Island is a town located in the southeastern section of the county on the barrier island of the same name. Located off the coast of Hobe Sound, Jupiter Island is amongst the five wealthiest places per capita in the country. The town has been home to celebrities such as Tiger Woods, Celine Dion, and Alan Jackson.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 1047 Sw Spruce St | Single Family | 1,326 | C |
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| 1067 Sw Spruce St | Single Family | 1,550 | C |
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| 1037 Sw Spruce St | Single Family | 1,056 | C |
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| 1027 Sw Spruce St | Single Family | 1,460 | C |
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| 2545 Sw Feroe Av | Single Family | 2,086 | C |
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| 1030 Sw 25th Terr | Single Family | 1,350 | C |
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| 1107 Sw Spruce St | Single Family | 1,672 | C |
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| 2566 Sw Feroe Av | Multi-family - less than 10 units | 2,018 | C |
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| 1038 Sw Spruce St | Single Family | 1,136 | C |
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| 2625 Sw Feroe Av | Single Family | 1,480 | C |
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| 1028 Sw Spruce St | Single Family | 2,126 | C |
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| 1017 Sw Spruce St | Single Family | 1,332 | C |
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| 1010 Sw 25th Terr | Single Family | 2,010 | C |
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| 2626 Sw Feroe Av | Single Family | 1,048 | C |
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| 1127 Sw Spruce St | Single Family | 1,476 | C |
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| 2567 Sw Barbara St | Single Family | 1,796 | C |
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| 1018 Sw Spruce St | Single Family | 1,753 | C |
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| 1118 Sw Spruce St | Single Family | 864 | C |
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| 997 Sw Spruce St | Single Family | 1,582 | C |
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| 2557 Sw Barbara Av | Single Family | 1,596 | C |
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| 990 Sw 25th Terr | Single Family | 1,683 | C |
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| 1128 Sw Spruce St | Single Family | 864 | C |
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| 1055 Sw Martin Downs Bv | Store, one story | 1,090 | C |
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| 2655 Sw Feroe Av | Restaurant, cafeteria | 1,282 | C |
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| 998 Sw Spruce St | Single Family | 1,296 | C |
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| Sw 25th Terr | Vacant Residential | 0 | L | |
| Sw Martin Downs Bv | Mixed use - store and office or store and residential or residential combination | 9,412 | C |
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| 2588 Sw Reilley Av | Single Family | 1,862 | C |
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| 1138 Sw Spruce St | Single Family | 864 | C |
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| 1105 Sw Martin Downs Bv | Store, one story | 6,235 | C |
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| 970 Sw 25th Terr | Single Family | 1,015 | C |
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| 2550 Sw Barabara St | Single Family | 2,581 | C |
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| 1147 Sw Spruce | Multi-family - less than 10 units | 2,146 | C |
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| 2628 Sw Reilly Av | Single Family | 1,350 | C |
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| 2564 Sw Barbara Ave | Multi-family - less than 10 units | 4,292 | C |
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| 995 Sw Martin Downs Blvd | Auto sales, auto repair and storage or auto service shop | 3,897 | C |
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| 1125 Sw Martin Downs Bv | Community Shopping Center | 3,300 | 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 50 of all properties in this area. This suggests it would appeal to someone earning around $73,204 per year who should qualify for a mortgage between $146,408 and $183,010.
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 50 of all properties in this area. This corresponds to a rent of $955 per month and a monthly household income of $3,272 ($39,264 per year)
Nearby Companies
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1025 Sw Martin Downs Blvd