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%.

Palm City links:

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

AddressTypeSq FtClass 
541 Sw Timber Tr Single Family 2,389 B
521 Sw Timber Trl Single Family 3,063 C
532 Sw Timber Tr Single Family 1,271 C
542 Sw Timber Trl Single Family 1,419 C
805 Sw Rustic Ci Single Family 1,784 C
551 Sw Timber Tr Single Family 1,873 C
815 Se Rustic Circle Single Family 1,558 C
785 Sw Rustic Ci Single Family 1,734 C
789 Sw Rustic Ci Single Family 1,536 C
775 Sw Rustic Ci Single Family 2,248 C
561 Sw Timber Tr Single Family 1,741 C
825 Sw Rustic Ci Single Family 1,757 C
501 Sw Timber Tr Single Family 1,684 C
552 Sw Timber Tr Single Family 924 C
765 Sw Rustic Ci Single Family 1,624 C
835 Sw Rustic Ci Single Family 1,539 C
556 Sw Rustic Ci Single Family 1,847 C
576 Sw Rustic Ci Single Family 2,559 C
581 Sw Timber Tr Single Family 1,970 C
502 Sw Timber Tr Single Family 1,004 C
513 Sw Fuge Rd Single Family 2,244 C
Sw Fuge Road Vacant Residential 0 L
582 Sw Timber Tr Single Family 1,281 C
755 Sw Rustic Ci Single Family 1,296 C
586 Sw Rustic Ci Single Family 1,488 C
826 Sw Rustic Ci Single Family 1,776 C
481 Sw Timber Tr Single Family 1,355 C
522 Sw Timber Tr 4/12 Single Family 1,979 B
493 Sw Fuge Rd Single Family 2,495 C
482 Sw Timber Tr Single Family 1,656 C
573 Sw Fuge Road Single Family 2,858 B
766 Sw Rustic Cir Single Family 1,208 B
845 Sw Rustic Cir Single Family 1,746 C
526 Sw Rustic Ci Single Family 1,728 C
745 Sw Rustic Ci Single Family 1,308 C
601 Sw Timber Trail Single Family 0 C
463 Sw Fuge Rd Single Family 1,894 C
756 Sw Rustic Ci Single Family 2,065 C
602 Sw Timber Tr Single Family 1,322 C
856 Sw Rustic Ci Single Family 919 C
441 Sw Timber Trl Miscellaneous Residential (migrant camp or boarding home.) 0 C
603 Sw Fuge St Single Family 1,856 C

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 78 of all properties in this area. This suggests it would appeal to someone earning around $139,950 per year who should qualify for a mortgage between $279,900 and $349,875.

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 78 of all properties in this area. This corresponds to a rent of $1,274 per month and a monthly household income of $4,470 ($53,640 per year)

Nearby Companies

Todd Steggerda, Inc.
581 Sw Timber Trl
Paragon Allied Group LLC
531 Sw Timber Trl
Rad Dad Gaming, LLC
531 Sw Timber Trl
Twin Rivers Saddle Club, Inc.
521 Sw Timber Trl
M J Lennon Global, Inc.
775 Sw Rustic Cir
Disclaimers and Disclosures

Public Records Data

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