2032 Nw Marsh Rabbit Lane, Jensen Beach
Martin County Real Estate - Stuart
Stuart is in South East Florida. It's population as recorded in the 2010 Census was 15,593. Stuart is approximately 8 miles from Port Saint Lucie (population 164,603) and around 61 miles from Palm Bay (population 103,190).
The median age for residents of Stuart is 46.7. Around 19.5% of Stuart households include school aged children and 37.2% of households include individuals aged 65 years or over. Census records indicate 79.9% of the Stuart population are White, 12% are Black or African American, .2% American Indian, 1% Asian and 2.2% are Two or more Races.
There are 9,869 housing units in Stuart. 2,168 (21.9%) of these were reported as vacant in the 2010 Census. Stuart is a tourist destination, 41.4% (898) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 4,124 residential rental units in Stuart. 3,474 of them were occupied in 2010 providing a residential rental vacancy rate of 14.9%.
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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
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 71 of all properties in this area. This suggests it would appeal to someone earning around $116,796 per year who should qualify for a mortgage between $233,592 and $291,990.
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 71 of all properties in this area. This corresponds to a rent of $1,160 per month and a monthly household income of $4,086 ($49,032 per year)
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