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Lake Worth Beach, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,437
Monthly Cash Flow
-$471
Principal + Equity
$4,023
Annual Total Gain
$42,621
Cash on Cash
-5.21%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$188
Occupancy Rate
60%
Monthly Revenue
$2,227
Monthly Cash Flow
-$1,015
Principal + Equity
$4,023
Annual Total Gain
$36,093
Cash on Cash %
-11.23%
Net ROI %
Market Health & Growth
Median Income
$60,978
Population
42,650
LTR Renter %
54.43%
Forecast (1 yr)
1.92%
Appreciation (1 yr)
-5.6%
Appreciation (5 yr)
56.1%
Appreciation (10 yr)
164.34%
Job Growth
-0.79%
LTR Rentability
Moderate
STR Demand
56
STR Rentals
947
Top Public Schools
AAlexander W. Dreyfoos Jr. School of the Arts
ASuncoast Community High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Suburbs in Florida
#36out of 380 markets
Most Diverse Places to Live in Florida
#77out of 1195 markets
Best Suburbs for Young Professionals in Florida
#154out of 380 markets
C
Public School
D
Crime And Safety
D-
Housing
A-
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Lake Worth Beach, FL.
Lake Worth Beach, FL has specific regulations in place for short term rentals that investors should be aware of before purchasing a property for this purpose. Some key regulations include:
1. Registration and Licensing: Property owners must register their short term rental property with the city and obtain a license to operate as a short term rental. This process may involve submitting an application, paying a fee, and meeting certain requirements set by the city.
2. Occupancy Limits: There are occupancy limits for short term rental properties in Lake Worth Beach, FL. Property owners must ensure that the number of guests staying at the property does not exceed the maximum allowed by the city's regulations.
3. Noise and Nuisance Regulations: Property owners must comply with noise and nuisance regulations to ensure that their short term rental property does not disturb neighbors or violate local ordinances. This may include restrictions on loud parties, excessive noise, and other disruptive behavior.
4. Safety and Building Code Compliance: Short term rental properties must meet safety and building code requirements set by the city. Property owners may be required to undergo inspections to ensure that their property is in compliance with these regulations.
5. Taxation: Property owners are responsible for collecting and remitting applicable taxes on short term rental income, including sales tax and tourist development tax. Failure to comply with tax regulations can result in penalties and fines.
6. Homeowner's Association Rules: If the property is located within a homeowner's association (HOA), investors should also be aware of any additional regulations or restrictions imposed by the HOA regarding short term rentals.
It is important for investors to thoroughly research and understand the regulations and requirements for short term rentals in Lake Worth Beach, FL before purchasing a property for this purpose. Failure to comply with these regulations can result in fines, penalties, and potential legal issues that can impact the profitability of the investment.
Market Trends Over Time
Explore 25 years of market data for Lake Worth Beach, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Lake Worth Beach, FL.
The LTR Genie Score of Lake Worth Beach, FL is 74, indicating a moderate level of attractiveness for long-term rental investment. The STR Genie Score is 59, suggesting a slightly lower appeal for short-term rental investment. The LTR Rent Growth Rate of 0.0733% and LTR Net ROI of 39.31% contribute to the higher LTR Genie Score, while the STR Net ROI of 33.29% and STR Occupancy rate of 60.0 impact the STR Genie Score.
Lake Worth Beach, FL is a vibrant coastal city known for its artistic community, beautiful beaches, and diverse population. The city offers a mix of historic homes, waterfront properties, and modern developments, making it an attractive location for real estate investment.
Based on the metrics provided, Lake Worth Beach, FL appears to be a more favorable market for long-term rental investment compared to short-term rental investment. With a positive 1-year price appreciation forecast of 1.92%, investors may find opportunities for long-term rental properties that offer steady rental income and potential for capital appreciation. However, those interested in short-term rentals should carefully consider the lower STR Genie Score and occupancy rate before making investment decisions in this market. Overall, Lake Worth Beach, FL presents potential for long-term rental investment, but investors should conduct thorough market research and analysis before making any investment decisions.
LTR Genie Score 93
$279,000
🛏 3 Beds🛁 2.0000 Baths🏙 1,995 sqft.🏠 SINGLE FAMILY
