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Development Atlas 2006 (10.8MB, 103 pgs)INTERSTATE 95 N N CONGRESS AVE S S CONGRESS AVE S FEDERAL HWY S WOOLBRIGHT RD N N SEACREST BLVD GATEWAY BLVD HYPOLUXO RD N FEDERAL HWY N BOYNTON BEAC H BOYN TON BEACH BLVD SW 23RD AVE MINER RD MINOR RD OOLLDD BBOOYYNNTTOONN RRDD GOLF RD LAWRENCE RD LAWRENCE RD 0 0.25 0.5 1Miles CITY OF BOYNTON BEACH? CONTENTS Part I: Demographic Trends The Population Growth 1 Demographic Profiles: City and Its Four Sub-Sectors 3 Racial and Ethnic Characteristics 3 Median Age and Age Distribution 5 Household Composition 6 Education 7 Population Mobility and Foreign-Born Residents 8 Household Income Characteristics 12 Part II: Housing and Residential Development Characteristics of Housing Stock 16 The Existing Housing 16 Trends in New Construction 18 Trends in Housing Values 19 A Look at Housing Values in City and Its Sectors 19 Housing Price Appreciation in Boynton Beach as Reflected by the Taxable Value 21 Residential Sales in 2005 22 Vacant Residential Land 25 Part III: Economy and Commercial Development Location Advantages 27 Real Property Tax Base 27 A Regional Picture 27 The City’s Real Property Tax Base 29 New Commercial Developments 31 Commercial Markets Overview 31 Commercial and Industrial Approvals in 2005 32 Future Land Use 34 Boynton’s Industry and Labor Force Profiles 35 The Industry Profiles 35 The Boynton’s Workforce Profile 37 Statistical Appendix A. Boynton Beach Census Geography 2000 and Sector Boundaries B. Demographic Data 40 C. Housing Data 51 D. Commercial Development and Economic Data 58 E. Selected County Data 64 THE DEVELOPMENT ATLAS OF BOYNTON BEACH Part 1 of 3 DEMOGRAPHIC TRENDS Department of Development Planning and Zoning Division I. THE POPULATION GROWTH Compared to the previous two decades, the Boynton Beach population growth rate decreased considerably throughout the 1980’s and 1990’s. Nevertheless, it maintained a fairly high 2.7% annually rate until the year 2000. During the last five years (2000-2005), the growth rate for the city slowed even more to an average annual rate of 1.67%. This deceleration reflects the fact that the city is nearing buildout. 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00%Average Annual Growth Rates, 1960-2005 Boynton Beach 5.64% 7.00% 2.65% 2.70% 1.67% Palm Beach County 4.34% 5.15% 4.12% 2.74% 2.27% 1960/70 1970/80 1980/90 1990/00 2000/05 57,000 58,000 59,000 60,000 61,000 62,000 63,000 64,000 65,000 66,000 Boynton Beach Population Growth 2000 Census and 2001-2005 Estimates Population 60,389 61,816 62,847 64,593 65,208 65,601 2000 2001 2002 2003 2004 2005 Source: US Census for 1960, 1970, 1980, 1990 and 2000; University of Florida Bureau of Economic and Business Research estimates for 2001-2005 Soaring housing demand in recent years brought about a very active redevelopment market. As of April 2006, some 6,717 residential units are approved or under 1 construction, and another 1,384 may be approved shortly. The construction has slowed down considerably in response to a recent market downturn, but by 2010 Boynton Beach may have about 8,000 new residents. The future growth may further be affected by possible annexations. The reevaluation of redevelopment activities, particularly in areas with proposed higher densities, has repeatedly resulted in the upward adjustment of the projected growth rates, as illustrated below. Boynton Beach Population Projections 60,000 65,000 70,000 75,000 80,000 85,000 90,000 Palm Beach County's Projections 2001 60,389 64,296 66,952 70,509 72,918 County's Revised Estimates 2004 60,389 65,999 70,649 75,025 80,113 County's Revised Estimates 2006 60,389 65,601 74,882 84,263 FIU Metro. Center Projections 2006 60,389 65,601 75,839 87,674 2000 2005 2010 2015 2020 Note: FIU Metropolitan Center projections (linear, “high” scenario) The population projections underwent upward revision for the Palm Beach County as a whole. The 2004 forecast projected county population growth for the 2000-2015 period at approximately 32%; the 2006 revision increased the anticipated growth to about 38%. Where does the area growth come from? The Census Bureau published 2000-2003 data on the components of population change for the counties. Table 1 presents a comparison between the three South Florida counties. Of the three, Palm Beach County had the highest population increase, and almost all of it came from migration (see subsequent sections of this report for more information on migration). The natural population increase was negligible. 2 Table 1. Average annual rates of the components of population change July 1, 2002 to July 1, 2005 Migration Growth County Population Increase From Natural Increase From Migration International Internal Broward 108,802 29,990 27.6% 78,812 72.4% 77.3% 22.7% Miami Dade 91,923 65,524 71.3% 26,399 28.7% 100.0% 0.0% Palm Beach 111,251 6,077 5.5% 105,174 94.5% 29.2% 70.8% Florida 1,356,869 177,793 13.1% 1,179,076 86.9% 35.0% 65.0% Source: Bureau of Census estimates II. DEMOGRAPHIC PROFILES: CITY AND ITS FOUR SUB-SECTORS 1 1. Racial and Ethnic Characteristics The city has become slightly more racially and ethnically diverse since 1990. Although the city’s 2005 population remained predominantly white, the decline of the relative share of whites in the total population was noteworthy. The numbers in the chart and in Table 2 below must be viewed as approximations. 0% 20% 40% 60% 80% 100% 1990 2005 Population of Boynton Beach: Racial Composition White Black/African American American Indian/Alaska Native Asian Native Hawaiian/Pacific Islander Other Race Source: Census 1990 and Claritas, Inc. estimates for 2005 Note: “Two or more races category” excluded from 2005 data (since not present in 1990 questionnaire) Direct comparisons between the 1990 Census figures and 2005 Claritas estimates (based on the Census 2000 figures) are difficult since, for the first time, the Census 2000 allowed respondents to claim more than one race. Some 1,571 persons or 2.6% of the population declared more than one race. It is unknown which race these respondents had declared in 1990. 1 See sector’s map in Appendix A 3 TABLE 2. Changes in race and ethnic origin 1990-2000 and 2000-2005 Total Population White Alone Black/Afr. American Alone Am. Indian/Alaskan Native Alone Asian Alone Nat. Hawiian/Pacific Isl. Alone Other Race Alone Two or More Races Hispanic/Latino (any race) 1990 Pop. 46,284 35,912 9,296 52 279 11 644 X 3,124 as % of total 100.0% 77.7% 20.1% 0.1% 0.6% 0.0% 1.4% X 6.8% 2000 Pop. 60,389 42,487 13,822 133 918 30 1,428 1,571 5,564 as % of total 100.0% 70.4% 22.9% 0.2% 1.5% 0.0% 2.4% 2.6% 9.2% 2005 Pop.* 65,602 43,244 16,674 195 1,335 52 2,070 2,032 8,202 as % of total 100.0% 65.9% 25.4% 0.3% 2.0% 0.1% 3.2% 3.1% 12.5% Change in numbers of race/ethnic groups 1990/2000: Change 14,105 6,575 4,526 81 639 19 784 X 2,440 % Change 30.5% 18.3% 48.7% 155.8% 229.0% 172.7% 121.7% X 78.1% Change in numbers of race/ethnic groups 2000/2005: Change 5,213 757 2,852 62 417 22 642 461 2,638 % Change 8.6% 1.8% 20.6% 46.6% 45.4% 73.3% 45.0% 29.3% 47.4% Source: US Census, 1990 and 2000; Claritas Inc. estimates for 2005 Overall, between 1990-2000: • White population grew about 18%, but the percentage of whites in the total population fell from 77.7% to 70.4%. • Black/African American population grew at a faster pace than the population as a whole: its share increased by 2.8%. • There has been an increase in number of persons of other races residing in the city; however, their total share remains insignificant. • Hispanic population (of all races) increased by 2440 persons; its share in the total population went up from 6.8% in 1990 to 9.2% in 2000. The Census 2000 substantiated the anecdotal evidence of the ongoing migration of Hispanic population from Miami-Dade to northern counties. Both Broward and Palm Beach counties experienced a large influx of Hispanics. Palm Beach County more than doubled its Hispanic population; some 74 thousand persons of Hispanic or Latino origin moved to county between 1990 and 2000. The 2005 estimates suggest that: • The share of the White population continues to shrink as the share of the Black/African American population continues to grow. While the latter group constituted about one fifth of the total city population in 1990, it increased its share to approximately one fourth of the population in 2005. • Over the 2000-2005 period, the Hispanic population’s annual growth rate was a high of 8.1%, an increase from 5.9 % during the decade of 1990-2000. Hispanics’ share in the city’s population is now about 12.5%. 4 LAWRENCE RD BOYNTON BEACH BLVD WOOLBRIGHT RD S FEDERAL HWY OLD BOYN TON RD S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE 58.09 56.00 58.08 58.04 57.157.02 60.03 61.00 60.07 60.02 62.01 62.02 60.08 66.03 66.02 63.00 62.03 INTERSTATE 95 58.05 60.05 54.03 WOOLBRIGH T RD S FEDERAL HWY SE 23RD A V E GULFST REAM BLVD N FEDERAL HWY NON-WHITES AS PERCENT OF POPULATION IN 2005 BY CENSUS TRACT ® 0 1,050 2,100 4,200 6,300 8,400 Feet Legend Non-whites as % of Population 0 -9%10 -19%20 -49%50 -69%70 -80% Total Non-White Population: 33.18% Source: Claritas, Inc. LAWRENCE RD BOYNTON BEACH BLVD WO OLBRIGHT RD S FEDERAL HWY OLD BOYN TON RD S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE 58.09 56.00 58.08 58.04 57.1 57.02 60.03 61.00 60.07 60.02 62.01 62.02 60.08 66.03 66.02 63.00 62.03 INTERSTATE 95 58.05 60.05 54.03 WOOLBRIGHT RD S FEDERAL HWY SE 23RD AVE GU L FSTRE AM BLVD N FEDERAL HWY BLACKS/AFRICAN AMERICANS AS PERCENT OF POPULATION IN 2005 BY CENSUS TRACT ® 0 1,050 2,100 4,200 6,300 8,400 Feet Legend Blacks/African Americans as % of Population 0 -5%6 -14%15 -32%33 -68% Total Black/African American Population: 24.94% Source: Claritas, Inc. LAWRENCE RD BOYNTON BEACH BLVD WOOLBR IGHT RD S FEDERAL HWY OLD BOYNTON R D S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE 58.09 56.00 58.04 58.08 57.1 57.02 60.03 61.00 60.07 60.02 62.01 62.02 60.08 66.03 66.02 63.00 62.03 INTERSTATE 95 58.05 60.05 54.03 WO OLBRIGHT RD S FEDE RAL HWY SE 23RD AVE GULFST R EAM B LVD N FEDERAL HWY HISPANICS AS PERCENT OF POPULATION IN 2005 BY CENSUS TRACT ® 0 1,050 2,100 4,200 6,300 8,400 Feet Legend Hispanics as % of Population 1 -7%8 -12%13 -17%18 -25% Total Hispanic Population: 12.11% Source: Claritas, Inc. The racial composition of each of the four sectors of the city (Northeast, Southeast, Northwest and Southwest) is shown below. 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% NE SE NW SW Sectors Sectors' Population by Race, 2005 White Black/African American American Indian/Alaska Native Asian Native Hawaiian/Pacific Islander Other Race Two or more Races Source: Claritas, Inc. 2. Median Age and Age Distribution The median age for the city’s population decreased slightly from 42.5 in 1990 to 41.8 in 2000. The 2005 estimate suggests that it may have rebounded somewhat, to 42.2. As Table 3 on the following page indicates: • The share of the prime working-age population groups, including those between 25 and 54 years of age, continues to increase. It now constitutes about 39% of the city’s population. • The share of persons over 65 in the total population is falling, but there was a significant growth in the “over 85” group which increased from 3.1% of the population in 1990 to 4.7% in 2000 and to 5.5 % in 2005. • The growth within the “Under 18” group has exceeded the total population growth rate, but its share within the total population has not changed significantly. It is uncertain how the demographic profile of buyers of the new residential projects coming to the city will affect the median age and the age distribution of Boynton within the next several years. The Claritas projection puts the city’s 2008 median age at 43.0. 5 LAWRENCE RD BOYNTON BEACH BLVD WOOLBRIGHT RD S FEDERAL HWY OLD BOYNTON RD S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE 36.5 36.8 57.1 45.9 36.234.9 44.1 32.4 37.4 63.1 33.0 61.5 65.3 73.9 41.8 45.369.0 INTERSTATE 95 35.6 53.7 60.1 WOOLBRIGH T RD S FEDERAL HWY SE 23R D AV E GULFSTREAM B LVD N FEDERAL HWY AND PERCEMNETD OIAFN P AEGRES OONFS P 6O5P AUNLADT OIOLDNER IN 2005 BY CENSUS TRACT ® 0 1,050 2,100 4,200 6,300 8,400 Feet Legend Population % Age 65 and Over 9 -17%18 -30%31 -57%58 -80% Median Age City-wide: 42.2 Source: Claritas, Inc. TABLE 3. Changes in population’s age distribution, 1990-2005 1990 2000 2005 Change 2000-2005 Total Population 46,194 100% 60,389 100% 65,602 100% 5,213 100% Under 5 years 2,695 5.8% 3,461 5.7% 3,928 6.0% 467 13.5% 5 to 9 years 2,373 5.1% 3,413 5.7% 3,911 6.0% 498 14.6% 10 to 14 years 2,049 4.4% 3,315 5.5% 3,737 5.7% 422 12.7% 15 to 24 years 4,584 9.9% 5,677 9.4% 6,565 10.0% 888 15.6% 25 to 34 years 7,057 15.3% 8,056 13.3% 8,280 12.6% 224 2.8% 35 to 44 years 5,487 11.9% 8,938 14.8% 9,000 13.7% 62 0.7% 45 to 54 years 3,680 8.0% 6,672 11.0% 8,226 12.5% 1,554 23.3% 55 to 64 years 4,272 9.2% 5,277 8.7% 5,880 9.0% 603 11.4% 65 to 74 years 6,527 14.1% 6,619 11.0% 6,174 9.4% (445) -6.7% 75 to 84 years 6,044 13.1% 6,093 10.1% 6,286 9.6% 193 3.2% 85 years and over 1,426 3.1% 2,868 4.7% 3,615 5.5% 747 26.0% Under 18 years 9,005 19.5% 11,990 19.9% 13,784 21.0% 1,794 15.0% 65 years and older 13,997 30.3% 15,580 25.8% 16,075 24.5% 495 3.2% Median Age 42.5 41.8 42.2 Source: US Census 1990 and 2000; Claritas estimates 2005 2005 Table 4 shows significant differences in residents’ age distribution and median age in the four sectors. TABLE 4. Age distribution and median age by sector, 2005 Sector % 65 and Over % Under 18 Median Age Southeast 27.3% 18.9% 45.2 Northeast 14.2% 26.8% 33.7 Northwest 17.0% 23.0% 38.9 Southwest 46.9% 12.8% 61.6 City 26% 20% 42.2 Source: Claritas 2005 estimates 3. Household Composition Though not dramatic, changes in household composition in the city over the past decade are noteworthy since they reflect ongoing national trends. The most pronounced change is the shrinking share of a married-couple family in total number of households, from 51.1% to 45%. Moreover: • The share of nonfamily households rose from 36% to 41.2%, while their numbers increased by 44%, compared to a 29.2% overall increase of households. • The number of one-person households also rose faster than the number of total households: their share increased by 3%. 6 LAWRENCE RD BOYNTON BEACH BLVD WOOLBR IGH T RD S FEDERAL HWY OLD BOY NTON RD S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE 2.59 2.53 2.07 1.89 2.52 2.77 2.20 2.72 2.29 1.86 2.94 1.69 1.87 1.7 2.48 2.291.63 INTERSTATE 95 2.15 2.02 1.76 WOOLBRIGHT RD S FEDERAL HWY SE 23RD A VE GULFSTREAM BLVD N FEDERAL HWY AND PERCENAT VOEFR OANGEE-PHEORUSSOENH OHLODU SSEIZHEOLDS IN 2005 BY CENSUS TRACT ® 0 1,200 2,400 4,800 7,200 9,600 Feet Legend % One-person Households 0 -20% 21 -33% 34 -47% 48 -60% Average Citywide Household Size: 2.25 Source: Claritas, Inc. No major shifts in these numbers were noted in 2005. The average city-wide household size remained unchanged between 1990 and 2000; the 2005 estimate is 2.26. Table 5 contains the update on the household information for the sectors. TABLE 5. Household composition by sector, 2005 Sector Numer of Households 2000 Numer of Households 2005 Average Household Size 2000 Average Household Size 2005 % 1-Person Households % Married Couples w/own Children under 18 Southeast 5,988 6,428 2.81 2.13 39.5% 13.1% Northeast 5,667 6,009 3.44 2.64 30.6% 14.9% Northwest 7,158 8,145 2.85 2.24 28.9% 18.7% Southwest 7,649 8,299 2.46 1.95 36.3% 7.7% City 26,462 28,881 2.26 2.25 33.3% 14.1% Source: Claritas 2005 estimates Note: Due to the methodology, the estimates for the city as a whole differ slightly from estimates obtained through aggregation over Census tracts or sectors. 4. Education Between 1990 and 2005, the educational attainment level of the Boynton Beach population improved. As shown by the charts on the following page, the overall percentage of population of 25 years of age and over with associate or higher degree increased by over 6%. Some 51% of the city’s population age 25 or older now has at least some education above high school, up from 42% in 1990. The 2000 Census data showed the educational attainment of the Boynton Beach population lagging behind that of three other largest municipalities of the Palm Beach County and the county as a whole. Boca Raton led with a major higher educational institution within its borders, but the disparity in comparison of Boynton Beach with both Delray Beach and West Palm Beach was also significant. No data is available to fully update the comparison. TABLE 6. Educational attainment, population 25 years and over, Census 2000 Educational Attainment Palm Beach County Boca Raton Boynton Beach Delray Beach West Palm Beach Less than 9th grade 5.5% 2.3% 6.0% 6.9% 9.3% 9th to 12th grade, no diploma 10.9% 5.7% 13.4% 12.1% 15.2% High school graduate (inc. equivalency) 26.9% 19.0% 29.8% 23.6% 22.5% Some college, no degree 22.4% 21.8% 22.7% 22.3% 20.2% Associate degree 6.6% 7.0% 7.4% 5.8% 6.0% Bachelor's degree 17.6% 27.1% 14.3% 19.2% 16.6% Graduate or professional degree 10.1% 17.1% 6.4% 10.1% 10.3% High school graduate or higher 83.6% 92.0% 80.5% 81.0% 75.5% Bachelor's degree or higher 27.7% 44.2% 20.7% 29.3% 26.9% POPULATION 25 YEARS AND OVER 817,899 55,137 44,564 45,474 56,549 Source: US Census 2000 7 IMPROVEMENT IN EDUCATIONAL ATTAINMENT: POPULATION OF BOYNTON BEACH 1990-2005 2005 5.8% 13.2% 29.5% 22.8% 7.4%14.6% 6.7% 1990 9.6% 17.3% 31.4% 19.2% 6.1% 11.6% 4.7% Less than 9th grade 9th to 12th grade, no diploma High school graduate Some college, no degree Associate degree Bachelor's degree Graduate or professional degree Percentage with associate degree or higher: 28.7% Percentage with associate degree or higher: 22.4% 5. Population Mobility and Foreign-Born Residents This section’s data could not be updated, but the anecdotal evidence suggests a continuation of trends captured by the Census 2000. The 2005 estimates from American Community Survey, now for the first time available for Boynton Beach, come from a small sample with large error margins and are often presented differently; however, they are quoted throughout the text as appropriate. The 2000 data in Table 7 demonstrates a high mobility of the Boynton Beach population, a characteristic generally shared with population of the county, the state of Florida, and also with the nation as a whole. Roughly half of the population changes residence within a period of five years. The comparison of the city’s respective statistics for 1990 and 2000 shows that: • Of the new residents of Boynton Beach who changed their homes within the 1995-2000 period, significantly more previously resided within the Palm Beach county (possibly also in Boynton Beach) or moved to Boynton Beach from other counties in Florida. This holds true for both the absolute and relative numbers. • The 2000 data also shows that, in relative terms, significantly fewer people moved to Boynton Beach from other states within the U.S. during 1995-2000 than during 1985-1990. • During the 1995-2000 period some 2,109 people moved to Boynton Beach from a foreign country, as compared to 1,208 people who arrived between 1985 and 1990. Although this category would also include American citizens coming back after a period of living abroad, most people are likely to be foreign nationals. TABLE 7. Population mobility changes, population 5 years and over (residence 5 years ago in 1990 and 2000) Population 5 years and over, 1990 Population 5 years and over, 2000 Number Percent Number Percent 43,547 100.00% 56,466 100.00% Residence established as follows: Residence in 1985: Residence in 1995: Lived in the same house 20,984 48.19% 27,698 49.1% Lived in a different house in the U.S. 21,282 48.87% 26,659 47.2% Lived in a different house in Palm Beach county 10,714 24.60% 15,240 27.0% Lived in different county in Florida 2,969 6.82% 4,329 7.7% Lived in a different state 7,599 17.45% 7,090 12.6% Lived in Puerto Rico or in a foreign country 1,281 2.94% 2,109 3.7% Source: US Census 1990 and 2000, sample data 8 The following section (tables 8 and 9) looks more closely at foreign-born population in the city. Table 8 illustrates two strong trends: • First, of the total 10,408 foreign-born residents of the city, 4,389 moved to Boynton Beach during the last decade as compared to 2,631 who arrived a decade earlier, between 1980 and 1990. • Second, the proportion of foreign-born immigrants who arrived during the 1990-2000 period and were not naturalized citizens increased dramatically as compared to those who were naturalized citizens. The percentage of the naturalized citizens among the foreign-born is an approximate measure of assimilation. Increasing numbers of non-assimilated new residents of the city, who are more likely not to speak fluent English, will have to be accommodated by the educational and social service systems. TABLE 8. Foreign-born population: Palm Beach County and its four largest cities. Palm Beach County Boynton Beach Boca Raton Delray Beach West Palm Beach Total foreign-born population 196,852 10,408 13,601 12,888 20,152 Year of entry 1990 to March 2000 as % of 2000 population 81,788 7.2% 4,389 7.3% 6,076 8.1% 6,316 10.5% 9,460 11.5% Naturalized citizen 11.4% 11.4% 10.6% 8.0% 9.0% Not a citizen 88.6% 88.6% 89.4% 92.0% 91.0% Year of entry 1980 to 1989 as % of 1990 population 48,723 5.6% 2,631 5.7% 3,062 5.0% 3,304 7.0% 5,301 7.8% Naturalized citizen 43.5% 45.6% 42.8% 35.7% 39.0% Not a citizen 56.5% 54.4% 57.2% 64.3% 61.0% Year of entry before 1980 66,341 3,388 4,463 3,268 5,391 Naturalized citizen 80.2% 76.3% 82.5% 75.1% 77.9% Not a citizen 19.8% 23.7% 17.5% 24.9% 22.1% Source: US Census 2000, sample data. Note: The 2003 American Community Survey shows 20.3 % of population to be foreign-born, as opposed to 17.8% in 2000. The Census 2000 showed that about 17% of Boynton Beach population was foreign-born; the American Community Survey 2005 estimate is 21%. Some 30% of the foreign-born residents are naturalized U.S. citizens, and 14% moved to the city in 2000 or later (see full data in Appendix B; again, again, note high margin of error). The data confirms that the diversification of the city population is an ongoing trend. 9 Table 9 shows the trends in language proficiency of Boynton Beach population as compared to the Palm Beach County. TABLE 9. Ability to speak English by population 5 years and over: Boynton Beach and Palm Beach County Boynton Beach 1990 2000 Palm Beach County 2000 Number Percent Number Percent Number Percent Total: 56,466 76,938 Population 5 to 17 years: 5,672 100.0% 8,178 100.0% 12,465 100.0% Speak only English 4,476 78.9% 5,915 72.3% 8,928 71.6% Speak English less than "very well" 501 8.8% 627 7.7% 1,312 10.5% Population 18 to 64 years: 23,957 100.0% 33,186 100.0% 51,177 100.0% Speak only English 19,955 83.3% 25,130 75.7% 35,687 69.7% Speak English less than "very well" 2,421 10.1% 4,128 12.4% 8,603 16.8% Population 65 years and over: 13,918 100.0% 15,102 100.0% 13,296 100.0% Speak only English 12,001 86.2% 13,606 90.1% 10,559 79.4% Speak English less than "very well" 610 4.4% 552 3.7% 1,713 12.9% Source: US Census 1990 and 2000, sample data. Note: The 2003 American Community Survey shows 13% of total population to speak English “less than very well”, as opposed to 8% in 2000. Generally: • In comparison with Boynton Beach, Palm Beach County has a higher percentage of people who speak English less than “very well” in all three age groups. It is particularly high, nearly 17%, among people aged 18-64. In Boynton Beach, this age group also has the highest percentage of people with poor command of English, approximately 12%, up from 10% in 1990. Language proficiency is particularly important for people of working age. • The percentage of both children 5-17 years of age and older adults 65 years and older who speak English less than “very well” fell between 1990 and 2000. The decrease was from 8.8% to 7.7% within the 5 to 17 group and from 4.4% to 3.7% within the 65 and over group. At the same time, percentage of children who speak only English decreased: some 28% speak at least one other language, compared to 21% in 1990. As reported in the Racial and Ethnic Characteristic section, over the decade of 1990-2000 the the number of Hispanics in Boynton Beach increased by 2,440 persons, with the Hispanic population up from 6.8% of the total population in 1990 to 9.2% in 2000 and to an estimated 12.5% in 2005. The Ancestry tables released in 2000 by Census revealed that another group has grown significantly in Boynton Beach: West Indian immigrants. 10 • Among all ancestries reported within the city, the West Indian group was recorded 5,221 times, with 5,151 persons reporting it as the first ancestry. This is an over 150% increase over the 1990 Census numbers, with 2,064 of total West Indian ancestries and 2,025 persons reporting West Indian as the first ancestry. • Of the 5,221 total West Indian ancestries, a vast majority, or 4,040 were Haitians (the next most numerous group were Jamaicans, at 833). Some 4,009 people reported “Haitian” as the first ancestry. Unfortunately, no separate statistics for Haitians were reported in 1990 Census, but the 2000 Census confirmed anecdotal evidence of their increasing numbers into the city. They now comprise about 6.6% of the population, but since there is likely to be an undercount of immigrants without a legal status, the true numbers are almost certainly higher. The American Community Survey shows a 2000-2005 increase of nearly 2% of West Indian population’s share in the total population of Palm Beach County. The The ACS number for West Indian population in Boynton Beach is 11,187; it would indicate that this population doubled in size; however, the corresponding margin of error is too large to draw such a conclusion. The maps on the following pages illustrate which areas (census tracts) in the city attracted most foreign-born immigrants and, specifically, where the Haitian immigrants settled. For comparison, there is also a map (after page 4) depicting the distribution of the Hispanic population. The data on Hispanic population has been updated; unfortunately, no city-level updated figures are available for Haitian immigrants (or for the foreign-born group). Not all residents of Haitian ancestry or those of Hispanic or Latino origin are foreignborn, but since they constitute a large percentage of the foreign-born population, the three maps display a high correlation, with both East sectors of the city showing a higher concentration of foreign-born, Haitian and Hispanic populations than the West sectors. TABLE 10. Percentage of foreign-born, Hispanic and Haitian population in 2000, by sector Sector Population 2000 % Foreign-born Population %Hispanic population % Haitian Population Southeast 13,426 22.3% 8.8% 10.7% Northeast 15,374 18.8% 12.4% 9.2% Northwest 16,524 13.2% 9.5% 2.7% Southwest 15,065 15.5% 6.0% 4.8% City 60,389 17.2% 9.2% 6.6% Source: US Census 2000 * Persons claiming Haitian ancestry as the first ancestry 11 58.09 56.0 58.04 58.08 57.0157.02 60.03 61.00 60.07 60.02 62.01 62.02 60.08 66.03 66.02 63.00 INTERSTATE 95 58.05 60.05 54.03 62.03S SEACREST BLVD GULFSTREAM BL VD N FEDERAL HWY HYPOLUXO RD LAWRENCE RD WOOLB RIGHT RD MILITARY TRL GOLF RD N CONGRESS AVE BOYNTON BEACH BLVD S FEDERAL HWY N SEACREST BLVD S CONGRESS AVE OL D BOYNTON RD S OCEAN BLVD GATEWAY BLVD S SEACREST BLVD SW 23RD AVE S DIXIE HWY MINER RD N OCEAN BLVD KNOLLWOOD RD S MILITARY TRL HIGH RIDGE RD SE 23RD AVE LE CHALET BLVD SEACREST BLVD N FEDERAL HWY NW 22ND AVE GATEWAY BLVD N OCEAN BLVD S MILITARY TRL HAITIAN POPULATION IN 2000 BY CENSUS TRACT ® 0 1,250 2,500 5,000 7,500 10,000 Feet Legend Haitian Population, Number of Persons 0 -107 108 -414 415 -806 Source: US Census 2000 58.09 56.00 58.04 58.08 57.0157.02 60.03 61.00 60.07 60.02 62.01 62.02 60.08 66.03 66.02 63.00 INTERSTATE 95 58.05 60.05 54.03 62.03S SEACREST BLVD GULFSTREAM BL VD N FEDERAL HWY HYPOLUXO RD LAWRENCE RD WOOLB RIGHT RD MILITARY TRL GOLF RD N CONGRESS AVE BOYNTON BEACH BLVD S FEDERAL HWY N SEACREST BLVD S CONGRESS AVE OL D BOYNTON RD S OCEAN BLVD GATEWAY BLVD S SEACREST BLVD SW 23RD AVE S DIXIE HWY MINER RD N OCEAN BLVD KNOLLWOOD RD S MILITARY TRL HIGH RIDGE RD SE 23RD AVE LE CHALET BLVD SEACREST BLVD N FEDERAL HWY NW 22ND AVE GATEWAY BLVD N OCEAN BLVD S MILITARY TRL FOREIGN-BORN POPULATION IN 2000 BY CENSUS TRACT ® 0 1,250 2,500 5,000 7,500 10,000 Feet Legend Foreign-Born Persons 0 -198 199 -421 422 -847 848 -1289 Source: US Census 2000 • In terms of percentage, tract 62.01 has the highest percentage of foreign-born population, 27%. This is also a tract with a high concentration of the Haitian population; Haitians constitute nearly one fifth of the tract’s population. • Tracts 60.7 and 57.02 also have relatively large Haitian populations, constituting approximately 19% and 13% of the total population, respectively. About 42% of the city’s Haitian population resides within these three tracts. The 2005 estimates for Hispanic residents show that the most significant changes (relative to sectors’ total populations) occurred in the Northwest and Southeast sectors. Table 11: Hispanic population changes by sector, 2000-2005 Sector Hispanic Population as % of Total Population, 2000 Hispanic Population as % of Total Population, 2005 Estimate Southeast 8.8% 11.9% Northeast 11.4% 13.7% Northwest 9.8% 14.3% Southwest 5.4% 8.1% City 8.9% 12.1% Source: Claritas, Inc. 6. Household Income Characteristics This section of the report looks at the 2005 estimates of the household income. There are no updates available for the 2000 comparative statistics presented in Table 12; however, given the income trends in the past few years, the comparison retains enough validity to be of interest. The 2005 estimates by Claritas, Inc. update some of the income information for the city. The map on the following page presents 2005 estimates of Effective Buying Income (EBI), which reflects the purchasing power of the city’s population. A regional picture TABLE 12. Household income characteristics in 1999, Palm Beach County and the four largest municipalities Palm Beach County Boynton Beach Boca Raton Delray Beach West Palm Beach Median household income $45,062 $39,845 $60,248 $43,371 $36,774 Households with income $50K and over 45.30% 38.2% 57.60% 43.90% 35.60% % of households w/earnings 69.80% 68.00% 74.30% 65.90% 77.90% Mean earnings $62,680 $48,953 $93,185 $60,097 $50,283 % of households w/Social Security Income 38.50% 39.90% 32.40% 41.60% 27.30% Mean Social Security income income $13,438 $12,546 $13,742 $12,917 $11,253 % of households w/retirement income 19.30% 21.10% 17.00% 19.90% 12.80% Mean retirement income $20,853 $18,460 26,153 $19,498 $20,735 Source: Census 2000 12 LAWRENCE RD BOYNTON BEACH BLVD WOOLBR IGH T RD S FEDERAL HWY OLD BOY NTON RD S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE $48,765 $37,995 $41,038 $34,545 $33,391 $29,755 $44,567 $29,780 $34,802 $32,718 $35,360 $35,043 $65,062 $54,930 $65,081 $37,594 $30,099 INTERSTATE 95 $39,828 $37,634 $62,407 WOOLBRIGHT RD S FEDERAL HWY SE 23RD A VE GULFSTREAM BLVD N FEDERAL HWY $5P0E,0R0C0E ONRT OMFO RHEO,U ASNEDH OMLEDDSIA WNI TEHFF EEFCFTEICVTEI VBEU YBIUNYGI NINGC IONMCOE MINE 2O0F05 BY CENSUS TRACT ® 0 1,200 2,400 4,800 7,200 9,600 Feet Legend % with Effective Buying Income $50K or more 0 -15% 16 -30% 31 -41% 42 -65% Citywide Effective Buying Income: $38,303 Source: Claritas, Inc. Generally, in 2000: • Boynton Beach had a slightly higher percentage of households in which at least one member collects Social Security income than the county as a whole, and the second highest percentage of such households among the four largest municipalities. • For households with earnings, Boynton Beach had the lowest mean earnings per household. This figure could reflect the high percentage of semi-retired households in which one or more members hold a part-time job. As compared to 1990 Census figures, the median 2000 household income for Boynton Beach remained at about the same relative level (88%) of the median household income for Palm Beach County as a whole. The 2005 Claritas median household income estimate for the city is $44,084. A look at the city and the four sectors: household income distribution TABLE 13. Household income in 2005, by sector Sectors Number of Households % w/Income < $25K % w/Income > $75K Median Income Southeast 6,428 27.5% 19.1% $ 40,770 Northeast 6,009 35.7% 15.2% $ 35,447 Northwest 8,145 18.3% 26.6% $ 50,713 Southwest 8,299 23.5% 25.6% $ 45,930 City 28,629 25.1% 22.5% $ 44,084 Source: Claritas 2005 estimates *Sample-based totals differ slightly from numbers based on full counts High prices of new residential developments are attracting affluent households to the city, a trend which will affect the city’s income distribution in the coming years. In particular, a brisk pace of redevelopment in the neighborhoods east of Interstate 95 will exert an upward pressure on the median household income in both eastern sectors. The following section summarizes the basic socio-economic characteristics of the population residing within each of the four sectors. Statistics for foreign-born residents, Haitian population and sources of household income come from the 2000 Census; the remaining figures (2005 updates) are provided by Claritas. Please note that the following sector by sector analysis discusses median household income, and should not be confused with the previous map’s demonstration of effective buying income, which illustrates household purchasing power (income after taxes). 13 NORTHEAST SECTOR: • The Northeast sector has the youngest population of all sectors (median age 33.7), with the highest average household size of 2.64. • Approximately 65% of population is non-white, mostly African American. Some 18.8% of the residents are foreign-born; the sector has the highest share of persons of Hispanic/Latino origin and the second highest percentage of Haitian population. Tract 57.02 has a high concentration of both Hispanic and Haitian population (13% and 13.5% of the tract’s population, respectively). • The population has the second lowest median household income of all sectors ($35,447) with about 35.7% of households with income below $25,000, and only 15.2% of households with income of $75,000 or more. • Since a high percentage of population consists of persons aged 18-65, there is a high ratio of households with wage or salary income: 71.5% as opposed to 65.6% for the city as a whole. Relatively few households derive their income from selfemployment or have investment income such such as interest, dividends or rental income (both ratios are the lowest of all sectors). SOUTHEAST SECTOR • The Southeast sector has the second highest median household income of $40,770; 27.5% of households have annual incomes of less than $25,000. The sector also contains one of the most affluent tracts in the city, tract 54.03, but it is very small and contains only 78 households. The sector has the second largest percentage (27.4%) of retired persons and the highest ratio of one-person households (39.5%). Median age is about 45.2 years. • Consistent with its age profile, the sector has a high share of households collecting Social Security (44%) and other retirement income (such as pensions etc). • The population is 68.74% white; there is a high concentration of Haitian population in tracts 62.01 (about 20% of total) and 63.00 (about 9%); both tracts include Hispanic communities as well, especially tract 62.01, where Hispanics constitute about 15% of the population. The Southeast sector has a highest share of foreign-born persons: 22.3% of the population (the city as a whole has 17.2%). NORTHWEST SECTOR • The Northwest sector’s median income ranks as the highest, at $50,713. The sector contains the lowest incidence of households with income below $25,000, as well as the greatest number of households with income surpassing $75,000 annually. It also has the second youngest population (median age 38.9) which derives its income mostly from employment. Persons aged 65 and older constitute only about 17% of the sector’s residents, so relatively few households have Social Security or other retirement income. 14 • The Northwest is the sector of young families: it has the highest percentage of married couples with children under 18 (18.7%, as compared with 14.1% for the city as a whole). • The sector’s residents are predominantly white (20.8% of the population is nonwhite while the city’s share of non-white persons is 33.2%). There is a significant number of both Hispanics and Haitians residing in tract 58.09. In absolute terms, this tract has the largest concentration of Hispanic population in the city (1308 persons, about 15.7% of the tract’s residents). Although the sector as a whole has the lowest percentage of foreign-born persons, its foreign-born population of about 16,500 persons is in fact the largest. SOUTHWEST SECTOR • The Southwest sector has by far the oldest population within the city. Its median age is about 61.6 as compared to 45.2 for the Southeast sector, but people aged 65 and over constitute a high 46.9% of the population, while in the Southeast sector their share of all residents is only about 18.9%. • In terms of income, the sector contains tract 60.08 with the highest median household income in the city; the remaining tracts have median incomes between $36 and $65 thousand. The median income for the sector as a whole is approximately $45,930. • Only about 49.7% of all households have wage or salary income; some 56% have Social Security and 43% have other retirement income. There is also a high ratio of households collecting interest, dividends or rental income. • The Southwest sector has a smallest percentage (17.4%) of non-white persons. Its Hispanic and Haitian populations are concentrated in tracts 60.07 and 60.02. 15 THE DEVELOPMENT ATLAS OF BOYNTON BEACH Part 2 of 3 HOUSING AND RESIDENTIAL DEVELOPMENT Department of Development Planning and Zoning Division This 2005 update of the residential section of the report uses Census 2000-based estimates provided by Claritas, Inc. The estimates are available only for selected city data and have been added to the existing tables accordingly. The lack of more recent statistics for other municipalities did not allow for the update of the Census 2000 comparison presentations. Despite this problem, the comparisons remain useful since they place the city in the regional context. I. CHARACTERISTICS OF HOUSING STOCK 1. The Existing Housing A . Changes in types of housing and tenure HOUSING STOCK BY TYPE OF STRUCTURE AND TENURE, 2005 Condominiums 31% Cooperatives 1% Townhomes/Villas 11%Single Family Homes 39% Mobile Homes 2% Apartments 16% Source: Palm Beach County Appraiser’s Office, January 2006 TABLE 1. Housing occupancy and housing tenure, 1990-2005 1990 2000 2005 % Change Number Percent Number Percent Number Percent 2000/2005 TOTAL HOUSING UNITS 25,544 100.0% 30,643 100.0% 33,861 100.0% 10.5% Occupied Housing Units 20,292 20,292 79.4% 26,210 85.5% 28,882 85.3% 10.2% Owner Occupied 15,514 76.5% 19,072 72.8% 21,763 75.4% 14.1% Renter Occupied 4,778 23.5% 7,138 27.2% 7,119 24.6% -0.3% Vacant Housing Units 5,252 20.6% 4,433 14.5% 4,979 14.7% 12.3% Vacant, for Seasonal and Recreational Use* 2,762 10.8% 2,944 9.6% X X 6.6%** Source: US Census, 1990 and 2000; Claritas, Inc for 2004 estimates * For vacant seasonal/recreational unit category, percent change is calculated for 1990-2000 period. The chart and Table 1 provide information on the city’s housing stock in terms of type of structures and tenure choices (owning or renting). The most pronounced trend in recent 16 LAWRENCE RD BOYNTON BEACH BLVD WO OLBRI GHT RD S FEDERAL HWY OLD BOYN TON RD S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE 58.09 56.00 58.04 58.08 57.1 57.02 60.03 61.00 60.07 60.02 62.01 62.02 60.08 66.03 66.02 63.00 62.03 INTERSTATE 95 58.05 60.05 54.03 WOOLB RIGHT RD S FEDERAL HWY SE 23RD AVE GUL FSTREAM BLV D N FEDERAL HWY RENTER-OCCUPIED UNITS AS PERCENT OF ALL OCCUPIED UNITS, 2005 BY CENSUS TRACT ® 0 1,050 2,100 4,200 6,300 8,400 Feet Legend % of Renter-Occupied Units 0 -9%10 -23%24 -37%38 -52% City-wide % of renter-occupied units: 27% Source: Claritas, Inc. 3% 8% 6% 9% 13%9% 2% 3% 1% 8% 1% 29% 9% 30% 3% 13% INTERSTATE 95 3% 5% 53% 16% S SEACREST BLVD GULFSTREAM BL VD N FEDERAL HWY HYPOLUXO RD LAWRENCE RD WOOLB RIGHT RD MILITARY TRL GOLF RD N CONGRESS AVE BOYNTON BEACH BLVD S FEDERAL HWY N SEACREST BLVD S CONGRESS AVE OL D BOYNTON RD S OCEAN BLVD GATEWAY BLVD S SEACREST BLVD SW 23RD AVE S DIXIE HWY MINER RD N OCEAN BLVD KNOLLWOOD RD S MILITARY TRL HIGH RIDGE RD SE 23RD AVE LE CHALET BLVD SEACREST BLVD N FEDERAL HWY NW 22ND AVE GATEWAY BLVD N OCEAN BLVD S MILITARY TRL UNITASS F POERC SEENATS OOFN AALL/LR UECNRITESA TINIO 2N0A0L0 USE BY CENSUS TRACT ® 0 1,250 2,500 5,000 7,500 10,000 Feet Legend Seasonal Units as % of All Units 0.00 -2.50% 2.51 -6.00% 6.01 -16.30% 16.31 -53.00% Source: US Census 2000 years was the conversion of existing apartment projects to condominiums. Over the last 30 months, six apartment projects, a total of 1,210 units, completed the conversion -Tuscany on Intracoastal, Villa Del Sol (presently called Mirabella), Belmont, Boynton Landings, Casablanca and Meadows on the Green. After a significant increase between 1990 and 2000, the share of all renter-occupied dwellings fell from 27.2% in 2000 to 24.6% in 2005. The share of rental apartments in the total stock is now 16%, down from 18% in 2003. However, the trend is not likely to continue given the downturn of the forsale residential market. The conversion of older rental projects has been yet another negative factor contributing to the shortage of affordable housing in the city. Any new rental units will command much higher rents. The second significant trend in Boynton residential market has been a large number of townhome developments, arriving not only to urban redevelopment areas east of Interstate 95, but also west of it, to to projects in Quantum PID and those along Congress Avenue. The product’s popularity reflects both changing character of the city and a dwindling number of vacant residential parcels. B. Age of housing stock 19 8 0 to 19 8 9 2 5% 19 9 0 to 19 9 4 8% 19 9 5 to 1998 8% 19 6 0 to 19 6 9 11%19 59 o r e arlie r 6% 19 9 9 to March 2 0 0 5 12% 19 70 t o 19 79 30% AGE OF HOUSING STOCK Percentage of dwellings built in the specified period About 54% of the city’s residential stock was built in the period of 1970-1989, and about 8% in 1959 or earlier. C. Sectoral differences As expected (see Table 2 on the following page), the housing stock located within the eastern sectors is much older than housing located west of Interstate 95. Both eastern sectors have a substantial stock of older condominiums. 17 TABLE 2. Selected Housing Characteristics by Sector, 2005 NE Sector SE Sector NW Sector SW Sector CITY TOTAL TOTAL HOUSING STOCK 7,169 7,795 9,141 9,756 33,861 Percentage of Single-Family Detached Homes 44.0% 36.9% 39.4% 55.0% 44.3% Percentage of Housing Built in 1959 or Earlier 13.5% 17.5% 1.4% 2.2% 7.9% Percentage of Owner-Occupied 69.0% 75.2% 73.9% 81.3% 75.4% Source: Claritas, Inc. Note: Due to the methodology used, city-wide numbers quoted in the previous section differ slightly from figures obtained by census tract-based aggregation as performed above. 2. Trends in New Construction A. Single-family versus multi-family homes : residential building permits 1991-2004 Over the 1994-2005 period, Boynton Beach permitted 2,352 single family (detached) units and 5,4161 multifamily units. As the chart shows, the number of permits for single family detached units has generally been declining since 1997. 0 200 400 600 800 1,000 1,200 1,400 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 RESIDENTIAL BUILDING PERMITS, 1994-2005 Single family permits Multi-family permits Source: Building Department, City of Boynton Beach Note: Single-family permits include detached units only. Attached single family housing such as townhomes and villas are included in multifamily permits. The limited amount of vacant residential land and future redevelopment scenarios with increased densities encourage multifamily housing. As discussed in the previous section, 18 it includes townhomes (see map of 2005 approvals) as well as multistory condominiums, which continued to crowd out apartments. However, the full impact of the ongoing downturn in the housing market on the particular market segments is not yet known. Reinhold P. Wolff Economic Research’s quarterly Palm Beach housing report shows a 6.2% vacancy rate in August of 2006, up sharply from a 3.4% rate found in August 2005 (Boynton’s area vacancy rate is higher at 6.5%). Wolf reports that at the end of June, 2006 there were only 234 new, never before occupied rental units available in apartment projects still in the lease-up stage in Palm Beach County. There is an estimated countywide annual demand for an additional 5,656 rental apartments. This situation caused a sharp increases in rents which in turn is believed to account for the upward trend in the vacancy rate. Total county-wide housing starts in 2006 are forecast by Wolf’s at 10,675 units, down 24.8% from the total for 2005. Single family starts are forecast to decline by 34.0% and multi-family by 5.9% in 2006. B. Residential approvals 2005 The map on the following page shows that, in 2005, a total of 2,785 townhomes/condos and 196 single family units were approved as part of planned developments. II. TRENDS IN HOUSING VALUES The OFHEO (Office of Federal Housing Enterprise Oversight) data for 2005 and the first two quarters in 2006 indicates that the Palm Beach county single family home values continued to grow at the substantial rate. Its House Price Index database for the second quarter of 2006 shows that the county’s (or West Palm Beach-Boca Raton -Boynton Beach metropolitan division’s) prices were up 20.57% over one year period. For this period, the division ranked 22 among 275 metropolitan areas and divisions. It ranked 4th for five year period, having appreciated 138.39%. However, the sales data published by the Florida Association of Realtors indicates that by September 2006, the county's year-over-year median price dropped $34,500 or 9 percent, to $365,500 (from $400,000 in September 2005). Even though the methodologies of the two calculations differ, it is clear that by the 3rd quarter of 2006 the market downturn had a significant impact on the county’s housing prices. 1. A Look at Housing Values in City and its Sectors: Census 2000 and 2005 updates. The 2005 updates of the Census 2000 median value for all city’s owner-occupied units (based on owners’ valuation – so called “price asked”) vary from a Claritas-derived estimate, at $155,429, to the American Community Survey estimate, at $215,300. Both figures, but especially Claritas’ one, are lower than the median price of $225,000 for 2005 residential sales (see section 3), but the estimates cover all residential properties, including over 10,000 units of mostly older, lower-value condominium stock. 19 INTERSTATE 95 1TBM,ooi1xwy2enn0dt o CtUonesw nVenti elhlraogmee s/condos 1QM1uix5ae nadtdu Udmist eiVoinllaalg ceo Snoduotsh ( tCootmalm oef r3c4i9a)l 6S4e atvoiwewnh Poamreks Club 4BM8oix ycenodtno Udnos Lseofts 1B8a0rr townhomes 7P0e ntionwsunlhaomes/condos 1K4n8o lslwinogoled fGarmoivley shomes 1H6e6ri ttaogwen Cholumbes/condos 1AM0ricx2he aedds udsiteional condos (total 378) 4UM9pix4oe wtdon wU Lnsoehfotsmes/apartments 14H28ig 6sh ft oRhwiodmngheeosmes 8B2o ytnotwonnh Doimxiees 1G9u8lf stotrweanmho Gmaersdens GULFSTREAM BLVD LAWRENCE RD HYPOLUXO RD WOOLBRIGHT RD GOLF RD N CONGRESS AVE S FEDERAL HWY BOYNTON BEACH BLVD N SEACREST BLVD S CONGRESS AVE S OCEAN BLVD GATEWAY BLVD S DIXIE HWY SW 23RD AVE MINER RD N OCEAN BLVD KNOLLWOOD RD HIGH RIDGE RD RESIDENTIAL PROJECTS APPROVED IN 2005® 0 1,000 2,000 4,000 6,000 8,000 Feet For general comparison, the American Community Survey data is used vis-a-vis Census 2000 data for the city as a whole (see Table 3); the Claritas-derived distribution, available at the Census-track level, is used for sectoral comparisons in Table 4. Even though the median 2005 Claritas value is probably underestimated, nonetheless it is interesting to see relative changes in value distribution by sector as presented by Table 4. Table 3 shows a sharp decline of the share of units valued below $100,000. Moreover, the information provided by real estate agents indicates that high demand for affordable units continues to dramatically inflate the prices of units valued below $100,000. TABLE 3. Citywide Distribution of Value of All Owner-Occupied Units, 2000 and 2005 Number of All Owner-Occupied Units Percent of All Owner-Value Range Occupied Units 2000 2005 2000 2005 Less than $100,000 11,735 2,362 62.0% 13.0% $100,000 to $149,999 4,381 1,857 23.1% 10.3% $150,000 to $199,999 1,541 3,980 8.1% 22.0% $200,000 to $299,999 625 4,508 3.3% 24.9% $300,000 and up 649 5,402 3.4% 29.8% TOTAL 18,931 18,109 100% 100.0% Source: US Census 2000 and 2005 (American Community Survey) At the same time, the number of units valued at $200,000 and over increased nearly 8 times, and the share of homes in this price range rose from 6.7% to 54.7% of the total stock. Note the trend distribution among the sectors, presented in Table 4. TABLE 4. Changes in Value: Owner-Occupied Housing by Sector, 2000 and 2005 Owner-occupied housing stock, 2005 Percentage of All Owner-Occupied Units Valued at $200,000 or More 2000 2005 Northeast Sector 4,157 6.1% 15.1% Southeast Sector 4,833 13.5% 27.9% Northwest Sector 6,022 15.8% 40.8% Southwest Sector 5,328 13.4% 29.7% Source: US Census 2000, Clatitas, Inc. Note: Claritas and American Community Survey estimates differ significantly; therefore individual numbers should be interpreted with caution. In the last decade, downtown redevelopment in Boynton Beach lagged behind other municipalities located north and and south of the city. Housing values of existing units in the eastern sectors are still lower than those in the western sectors (see also sales data in section 3). In 2005, developers’ interest in the city’s downtown and surrounding neighborhoods remained high, and the residential appreciation in the eastern sectors picked up. However, the abrupt change in the residential market has slowed down development activities, and price adjustments are expected. Several projects are delayed. 20 LAWRENCE RD BOYNTON BEACH BLVD WO OLBRIGHT RD S FEDERAL HWY OLD BOYN TON RD S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE $195,612 $124,876 $168,750 $119,643 $78,913 $127,091 $155,938 $152,178 $241,561 $127,269 $166,595 $106,500 $324,121 $196,238 $393,896 $171,695 $86,195 INTERSTATE 95 $153,705 $156,593 $568,775 WOOLBRIGHT RD S FEDERAL HWY SE 23RD AVE GU L FSTRE AM BLVD N FEDERAL HWY MEDIAN VALUES OF ALL OWNER-OCCUPIED HOUSING IN 2005 BY CENSUS TRACT ® 0 1,050 2,100 4,200 6,300 8,400 Feet Legend Median value of owner-occupied housing $75,000 -$140,000 $140,001 -$180,000 $180,001 -$240,000 $240,001 -$300,000 $300,000 -$600,000 City-wide median value: $155,429 Source: Claritas, Inc. 2. Housing Price Appreciation in Boynton Beach as Reflected by the Taxable Value TABLE 5. Changes in Taxable Value of Residential Property, 1993-2005 Taxable Value of All Real Property Taxable Value of Residential Real Property Taxable Value of Residential Real Property as % of Total Taxable Value Annual % Change in Taxable Value of Residential Real Property 1993 1,633,422,631 1,095,335,716 67.1% X 1998 1,982,265,769 1,368,473,215 69.0% X 1999 2,091,124,017 1,439,306,747 68.8% 5.2% 2000 2,221,736,564 1,517,349,529 68.3% 5.4% 2001 2,402,706,325 1,671,747,547 69.6% 10.2% 2002 2,636,109,342 1,829,141,969 69.4% 9.4% 2003 2,975,816,191 2,134,737,593 71.7% 16.7% 2004 3,364,067,217 2,423,973,983 72.1% 13.5% 2005 3,975,909,602 2,896,500,352 72.9% 19.5% Source: Palm Beach County Property Appraiser’s Office The taxable value of residential properties stays well below their market value. The chief factor, beyond the homestead exemption, is the Florida law stipulating that all residences with a homestead exemption are limited to a 3% per year cap on assessment increases. In the last few years, economic conditions in Florida favored residential versus commercial development. The numbers for the last three years certainly reflect investors' choices: between 2002 and 2005 the taxable value of residential real estate jumped 58%, pushing the share of the residential taxable value in the total taxable value to 73%. TRENDS IN TAXABLE VALUE OF REAL PROPERTY -500,000,000 1,000,000,000 1,500,000,000 2,000,000,000 2,500,000,000 3,000,000,000 3,500,000,000 2000 2001 2002 2003 2004 2005 Taxable Value of Residential Real Property Taxable Value of Other Real Property 21 Residential construction in 2005 was up sharply after falling the previous year to its lowest level since 2000 (note the recession-related low levels of permit activity in 2002 and 2003, p.12). The 2004 number of residential building permits was the highest in a decade. Construction value is likely to remain relatively high in 2006, until the current residential market slump is reflected in the slowing growth of the city’s tax base. TABLE 6. Assessed Value of New Residential Construction, 2002-2005 Total value of new construction, 2002: $96,039,912 -in which residential: $45,774,490 Total value of new construction, 2003: $95,160,396 -in which residential: $75,833,776 Total value of new construction, 2004: $55,097,497 -in which residential: $18,595,334 Total value of new construction, 2005 $97,781,792 -in which residential $69,925,622 TOTAL NEW CONSTRUCTION 2002-2005: $344,079,597 Percentage of residential: 61% Source: Palm Beach County Property Appraiser’s Office 3. Residential Sales in 2005 SINGLE FAMILY HOME SALES BY SECTOR MEDIAN PRICE FOR HOMES SOLD 1998-2005 $0 $50,000 $100,000 $150,000 $200,000 $250,000 $300,000 $350,000 1998 2000 2001 2002 2003 2004 2005 Northeast Southeast Northwest Southwest 22 Table 7. Housing Sales by Sector, 2004 and 2005 NORTHEAST SOUTHEAST NORTHWEST SOUTHWEST SINGLE FAMILY 2004 2005 2004 2005 2004 2005 2004 2005 Number of sales 115 93 112 144 243 231 237 215 Median price $125,000 $162,000 $225,000 $287,000 $239,000 $324,000 $179,900 $220,000 % price increase 29.6% 27.6% 35.6% 22.3% TOWNHOMES/VILLAS Number of sales 17 27 21 39 122 147 62 78 Median price $323,000 $401,500 $143,900 $175,000 $169,000 $235,000 $150,000 $204,000 % price increase 24.3% 21.6% 39.1% 36.0% CONDOMINIUMS Number of sales 57 93 151 133 13 38 146 81 Median price $83,500 $164,800 $108,000 $160,000 $159,900 $185,500 $133,900 $174,000 % price increase 97.4% 48.1% 16.0% 29.9% Source: Regional MLS, Inc. 2004. Analysis provided by SalefisRealty, Inc., City of Boynton Beach Note: Sales datincludes only existing properties listed in MLS (no by-owner transactions or of new units) Sales data for existing single family homes confirms that an upward trend in prices in all four sectors of the city continued in 2005. Between 2004 and 2005, the median price for single family homes soared on average 29%, from 22% in the Southwest sector to nearly 36% in the Northwest sector. Table 8 on the following page shows that, over the last five years, the eastern sectors registered higher price increases that the western ones. The sector with the highest 5-year median price increase was Northeast at 177%. The sector still has, at $162,000, the lowest median price in the city. The 2005 condominium prices remained below $200,000; the townhome prices likewise stayed in the relatively affordable range with the exception of the Northeast, where few new townhome units were resold. This weighed heavily in the small number of transactions and resulting in the high median price of $401,500. The median city-wide price of a single family home in 2005 was $269,000, approximately 35% higher than in 2004. The median prices for townhomes and condominiums were 37% higher ($223,500) and 44% higher ($162,500), respectively. A September 2005 Palm Beach Post housing market study based on the appraiser’s database of all qualified1 sales for Boynton Beach (excluding mobile homes) showed the median price of $185,000 for single family homes and $180,000 for townhomes and condominiums. The sales data for the third quarter of 2006 shows a median price for single-family at $285,000, for townhomes at$248,000 and for condominiums, at$167,500. It needs to be stressed that the data in this section includes properties from age-restricted developments; all such development in the city are older and carry lower prices. 1 Sales involving parties that are unrelated and have no common interest that may affect the price. 23 TABLE 8. Single Family Home Sales by Sector, 1998-2004 NORTHEAST SOUTHEAST NORTHWEST SOUTHWEST # of Units 1998 36 71 100 107 Median Price of House Sold $56,000 $93,000 $113,000 $79,000 Avr. Ratio:Sales/Asking Price 94% 94% 96% 96% Avr. # of Days on Market 123 92 69 65 # of Units 1999 96 126 222 214 Median Price of House Sold $53,000 $91,000 $127,500 $84,000 Avr. Ratio:Sales/Asking Price 97% 95% 96% 94% Avr. # of Days on Market 73 67 76 78 # of Units 2000 100 151 226 228 Median Price of House Sold $58,476 $108,000 $137,000 $85,000 Avr. Ratio:Sales/Asking Price 113% 96% 98% 95% Avr.# of Days on Market 56 56 54 68 # of Units 2001 84 117 248 226 Median Price of House Sold $68,000 $116,000 $155,000 $104,000 Avr. Ratio:Sales/Asking Price 96% 94% 97% 101% Avr. # of Days on Market 66 53 49 50 # of Units 2002 99 102 53 56 Median Price of House Sold $75,000 $132,000 $174,500 $125,000 Avr. Ratio:Sales/Asking Price n/a n/a n/a n/a Avr. # of Days on Market 63 61 53 56 # of Units 2003 109 129 324 306 Median Price of House Sold $94,000 $170,000 $200,000 $135,000 Avr. Ratio:Sales/Asking Price 96% 95% 97% 98% Avr. # of Days on Market 58 68 48 70 # of Units 2004 115 112 243 237 Median Price of House Sold $125,000 $225,000 $239,000 $179,900 Avr. Ratio:Sales/Asking Price 98% 97% 98% 97% Avr. # of Days on Market 52 50 40 36 # of Units 2005 Median Price of House Sold $162,000 $287,000 $324,000 $220,000 Avr. Ratio:Sales/Asking Price 97% 96% 98% 96% Avr. # of Days on Market 56 60 54 62 MEDIAN PRICE INCREASE 2004/2005 29.6% 27.6% 35.6% 22.3% MEDIAN PRICE INCREASE 2000/2005 177.0% 165.7% 136.5% 158.8% Source: Regional MLS, Inc. 2004. Analysis provided by SalefisRealty, Inc., City of Boynton Beach Note: Sales datincludes only existing properties listed in MLS (no by-owner transactions or new units) 24 III. VACANT RESIDENTIAL LAND While over 311 small scattered vacant residential lots exist throughout the city (a total of 63 acres), this section looks at the few remaining parcels of 2 or more acres. There are four such parcels, as listed in Table 9. These properties may not be currently on the market, but could be developed with residential uses in the future. All have been assessed for their residential development potential in terms of the number of allowable units based, generally, on their current land use designations and zonings. Any additional sites would be dependent on land use amendments and rezonings, or would require either redevelopment or infill projects or a combination of the two. TABLE 9. Vacant Parcels with Residential Development Potential as of October 2006 No. NAME ACREAGE DENSITY UNITS 1 High Ridge Country Club 68.4 4.84 242 2 Palmland Villas 3.7 10.8 45 3 City of Boynton Beach 3.6 7.26 26 4 FPL 3.4 4.84 16 5 Bible Church of God 2.3 4.84 11 X TOTAL 81.4 X 340 Note: Indicated densities are maximum densities under respective current land use designations. The following provides an overview of properties listed in Table 9: • Property (1), surrounding the High Ridge Country Club (west of High Ridge Road and north of Miner Road), is designated Low Density Residential (LDR). • Property (2) is an undeveloped parcel in the Palmland Villas development. The vacant 3.7-acre site could be developed utilizing the remaining unused density from the 60-unit development. • Property (3) is an undeveloped parcel south of Boynton Beach Boulevard and west of SW 8th Street. The property, designated Moderate Density Residential (MoDR), was originally earmarked for recreation development. Depending on the recreational needs of the area being satisfied by existing parks, it could be developed as a residential property. • In the same general area of the City, the FPL parcel (4) is adjacent to Old Boynton Road, north of Boynton Beach Boulevard and is designated Low Density Residential (LDR). 25 LAWRENCE RD BOYNTON BEACH BLVD WO OLBRIGHT RD S FEDERAL HWY OLD B OYNTON RD S SEACREST BLVD SW 23RD AVE N CONGRESS AVE GATEWAY BLVD N FEDERAL HWY N OCEAN BLVD S CONGRESS AVE INTERSTATE 95 High Ridge County Club 50 acres Units: 242 FPL 3.4 acres Units: 36 City of Boynton Beach 3.6 acres Units: 26 Palmland Villas 3.7 acres Units: 45 WOOLBRIGHT RD S FEDERAL HWY SE 23RD AVE GULFSTREAM BLVD N FEDERAL HWY VACANT PARCELS WITH RESIDENTIAL DEVELOPMENT POTENTIAL ® 0 1,000 2,000 4,000 6,000 8,000 Feet Note: Iwnictlhu dreesdi daerne tpiaalr lcaenlsd oufs e2 doer smigonrea taiocnres AS OF MAY 2005 As the City’s supply of vacant land designated for residential development has dwindled, the City has witnessed two trends: 1) the conversion of vacant land designated for other uses to residential use; 2) the redevelopment of previously developed property that may also include a conversion in use or an increase in residential density and 3) the annexation of property, either developed or undeveloped, for residential development. The first trend, converting vacant land designated for other uses to residential use was first seen when the development order for Quantum Park DRI, which had been designated for industrial development and related uses, was amended to ultimately include 1,905 residential units. Approvals have been granted to develop 548 rental apartments and 426 townhouses in the park. Two other conversions of land designated for industrial development to residential uses are the Monterey Bay, approved for 300 townhomes, and Carriage Pointe, approved for 172 townhomes. Lastly, within the former Motorola DRI, a total of 1,676 of residential units are currently under construction as a part of a mixed-use Renaissance Commons' development. Approvals of residential projects or mixed use projects with residential component in the area east of I-95 and in the Federal Highway Corridor have generally occurred either on properties previously designated for commercial development or involved the conversion of already developed commercial property to residential-and mixed use. Three projects were annexed to the city and approved for residential use in 2005: townhome development of Boynton Dixie, townhome/single family development of High Ridge and a single-family home project of Knollwood Goves (see the map of residential projects approved in 2005). 26 THE DEVELOPMENT ATLAS OF BOYNTON BEACH Part 3 of 3 ECONOMY AND COMMERCIAL DEVELOPMENT Department of Development Planning and Zoning Division I. LOCATION ADVANTAGES Boynton Beach, the third largest city in Palm Beach County, has a number of location advantages which contribute significantly to its overall economic potential. • The city is located approximately 45 miles north of Miami and 15 miles south of West Palm Beach. This puts it in the heart of southeast Florida’s rapidly growing tri-county Dade/Broward/Palm Beach metropolitan areas. • The city has direct access to the Intracoastal Waterway and both Interstate 95 and the Florida Turnpike. It also has a market of over 6.5 million people within a 100 mile radius of the city and ready access to three international airports, three major seaports, two major rail lines as well as the Tri-Rail commuter rail system. Palm Beach County has consistently been recognized as one of the leading metropolitan areas in the US in terms of job growth, economic opportunities and entrepreneurship. For example, it ranked 4th in the top ten best performing cities and metropolitan areas in the Milken Institute’s “Best Performing Cities: Where America’s Jobs are Created and Sustained” reports in 2003 and 2004, and 12th in job growth between March 2001 and November 2004 in the study of 318 metropolitan areas presented at The US Conference of Mayors in January 2005. Palm Beach County is also one of the nation’s wealthiest counties. According to the US Department of Commerce’s Bureau of Economic Analysis 2003 data, in terms of per capita personal income the county ranked 1st among Florida’s 105 counties and 38th among the 3111 counties in the United States. II. REAL PROPERTY TAX BASE 1. A Regional Picture TABLE 1. Taxable Real Property Value by Use, 2005: Selected Municipalities REAL PROPERTY TAXABLE VALUE IN DOLLARS PALM BEACH COUNTY Boynton Beach Delray Beach Boca Raton West Palm Beach Residential 102,345,302,405 2,896,500,399 4,986,250,352 12,104,066,125 5,849,794,839 as % of all uses 82.8% 72.9% 80.7% 77.3% 68.7% Commercial 15,019,455,873 770,213,540 995,949,586 3,016,898,179 2,083,911,721 as % of all uses 12.2% 19.4% 19.4% 16.1% 19.3% 24.5% Industrial 2,889,882,137 249,268,290 175,979,474 427,596,281 322,477,302 as % of all uses 2.3% 6.3% 2.8% 2.7% 3.8% Other 3,335,563,046 59,927,373 21,411,556 120,063,392 261,853,132 as % of all uses 2.7% 1.5% 0.3% 0.8% 3.1% ALL USES 123,590,203,461 3,975,909,602 6,179,590,968 15,668,623,977 8,518,036,994 Population 1,265,900 65,601 63,888 85,311 101,111 Per Capita Value 97,630 60,607 96,725 183,665 84,244 Millage R. (aggr.) X 7.6300 8.0000 3.555 8.4179 Source: Palm Beach County Appraiser’s Office, Budget/Financial Departments of selected cities 27 The real property tax base by use and tax base per capita provide a quick evaluation of the relative wealth of the community and its character. Table 1 and the accompanying chart compare the taxable value of the Boynton Beach real property with that of the Palm Beach County and the three other largest county’s municipalities – West Palm Beach, Boca Raton and Delray Beach. The data indicates that: • The taxable value per capita of Boynton Beach’s real property remains the lowest of the four largest municipalities of the county, only about 62% of the figure for the county as a whole. It continues to be lower than the taxable value per capita for Delray Beach, a municipality with a comparable population; over the past 3 years, this gap increased: in 2005, Boynton’s taxable value per capita was 63% that of Delray’s, down from 66% in 2002. Palm Beach County Boynton Beach Delray Beach Boca Raton West Palm Beach 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2005 TAXABLE VALUE BY PROPERTY USE: PALM BEACH COUNTY AND SELECTED MUNICIPALITIES Residential Commercial Industrial Other • Boynton Beach still has by far the highest share of industrial properties in its total taxable value, 6.3%, although it declined from 7.5% in 2004. • As compared with 2004, the City’s share of residential value increased by about 1%; the County’s share declined slightly. 28 2. The City’s Real Property Tax Base A. Trends in Taxable Value Even though the impact of the recent real estate boom on the growth of the taxable value is tempered by the Florida assessment cap on homesteaded residential properties, Table 2 confirms an impressive gain in the average annual growth of real property taxable value of the city during the last several years. Comparison of the average annual growth over the 1993-2002 period versus the 2002-2005 period shows sharp growth increases in all real property sectors, with residential values growing at a highest average rate of nearly 17%. The 2002/2005 average annual change of industrial property value, although still high compared to 1992/2002 number, lagged significantly behind residential and industrial. Table 2. Changes in Real Property’s Taxable Value, 1993-2005 1993 2002 2004 Average Annual Change 1993/2002 Average Annual Change 2002/2004 TOTAL TAXABLE 1,919,335,450 2,636,109,842 3,364,067,217 3.9% 13.0% in which: RESIDENTIAL 1,095,335,716 1,829,142,969 2,423,973,983 5.9% 15.1% COMMERCIAL 390,772,702 578,841,097 647,175,110 4.5% 5.7% INDUSTRIAL 147,314,213 197,200,737 251,605,670 3.3% 13.0% Source: Palm Beach County’s Appraiser’s Office, 2002 The Housing and Residential Development section of this report emphasized that the recent dynamic growth of new residential developments occurred as a result of a number of the land use amendments, converting industrially-and commercially designated land to residential uses. Such land use decisions have fiscal impacts. A growing residential population within the city will continue to create demand for new and better services. Nationally, studies have shown that residential uses often have a net negative fiscal impact on municipal budgets, even though the property tax per acre may be higher for residential uses than commercial and industrial uses. This means that the revenues brought by residential uses tend to be lower than the incurred expenditures in terms of municipal services. B. The Property Tax Distribution Distribution There are 29,707 properties listed on Boynton Beach 2005 tax roll. A significant number of them either pay no taxes or pay very little. Out of the properties paying zero taxes, slightly more than one fourth have a tax-exempt status (properties with a non-profit status, publicly-owned properties and others). Some 9% of all properties paid one penny to two hundred dollars in property taxes in 2005, down from 12% in 2004 (and 24% in 1999). 29 HYPOLUXO RD LAWRENCE RD BOYNTON BEACH BLVD WOOLBRIGHT RD MILITARY TRL GOLF R D S FEDERAL HWY N SEACREST BLVD OLD BO YNTON RD S SEACREST BLVD MINER RD HIGH RIDGE RD SE 23RD AVE GULFST REAM BL VD N CONGRESS AVE N OCEAN BLVD GATEWAY BLVD S CONGRESS AVE N FEDERAL HWY GATEWA Y BLVD * $375 $356 $389 $1,063 $875 $861 $812 $389 $676 $598 $638$1,114 $465 $550 $1,443 $805 $697 $3,944 $1,563 MEDIAN BOYNTON BEACH PROPERTY TAX IN 2005 0 650 1,300 2,600 3,900 5,200 Feet LEGEND City Boundary Notes: S* iTnrgalce tfsa wmiitlyh hnoom seinsg ilnec flaumdiinlyg hdoemtaecshed and attached units by Census Tract Census Tract Boundary Median single family home property tax for the City: $651 ® SINGLE FAMILY HOMES HYPOLUX O RD LAWRENCE RD BOYNTON BEACH BLVD WOOLBRIGHT RD MILITARY TRL GOLF RD S FEDERAL HWY N SEACREST BLVD OLD BOYN TON RD S SEACREST BLVD MINER RD HIGH RIDGE RD SE 23RD AVE CONGRESS AVE GULFSTREAM BLVD N CONGRESS AVE N OCEAN BLVD GATEWAY BLVD S CONGRESS AVE N FEDERAL HWY GATEWAY BLVD * * * $359 $2,738 $778 $572 $382 $262 $336 $519 $1,206 $339 $1,091 $382 $328 $416 $496 $885 $1,036 ® 0 700 1,400 2,800 4,200 5,600 Feet MEDIAN BOYNTON BEACH PROPERTY TAX IN 2005 LEGENDCity Boundary Notes: Census Tract Boundary *MTeradciatsn wcoitnhd noom cinoinudmo mhoinmiuem p rhoopmeretsy tax for the City: $509 CONDOMINIUMS By Census Tract TABLE 3. Property Tax Distribution for Selected Types of Properties No. of Properties Properties paying zero taxes Properties paying one penny to two hundred dollars 2005 2005 2002 2005 All properties 29,707 1,750 (5.9%) 4,523 (16.5%) 2,616 (8.8%) -condominiums 9,225 747 (8.1%) 2,556 (30.4%) 1,472 (16.0%) -detached single family 13,690 76 (0.56%) 1,043 (9.8%) 582 (4.3%) Source: Property Appraiser’s Office, 2005; Note: Single family homes include zero-lot line properties. • Of all 9,225 condominiums within the city, 8% do not pay any property taxes. The median tax for condo properties is $509, reflecting the fact that the majority of city’s condominium stock consists of older buildings, lacking in contemporary amenities. It is, however, 51% higher than the last year. Moreover, percentage of units with a tax bill exceeding $1000 increased from 14% in 2004 to 21% in 2005. • The median property tax for single family home is $651, only 16% higher than in 2004. C. Principal Taxpayers TABLE 4. Ten Principal Taxpayers, 2005 Taxes % of TAXPAYER Type of Business ($) Total Taxes 1. Boynton JCP Assoc. Retail shopping mall 2,146,086 7.05% 2. ERP Operating LTD PRTNRSHP Rental apartments 715,944 2.35% 3. California State Teachers Retirement System Rental apartments 688,372 2.26% 4. Gateway Business Park Warehouses 666,035 2.19% 5. Publix Supermarkets, Inc. Grocery stores 657,583 2.16% 6. Boynton Beach Development Assoc. Retail shops 652,257 2.14% 7. Villas At Quantum Lakes, Inc. Rental apartments 648,834 2.13% 8. Boynton Meadows LLC Rental apartments 612,543 2.01% 9. CPRE 1 PBP LLC Rental apartments 492,263 1.62% 10. TCRDAD Vinings at Boynton Rental apartments 487,686 1.60% Total 7,767,603 25.53% TOTAL REAL PROPERTY TAX REVENUES FOR THE CITY 30,424,941 100.00% Source: Palm Beach County Appraiser’s Office, Department of Finance The ten principal taxpayers within the city pay about 26% of all property taxes, up from 10% in 2004. 30 III. NEW COMMERCIAL DEVELOPMENTS 1. Commercial Markets Overview To give the context for the review of new commercial approvals for the city, Table 5 offers a comparative look at commercial submarkets, which cover four of the largest Palm Beach County municipalities. As shown, Boynton Beach submarket’s share of the county’s retail market is 12.0%, of the county industrial market – 9.7%, and of the county office market, only 1.8%. Reports from commercial real estate firms (CB Richard Ellis, TrammellCrow and others) continue to paint a favorable outlook for the Palm Beach County commercial markets. The county and the surrounding areas feature a strong economy with exceptionally strong job growth (13,000 jobs were added in 2005). Moreover, regionwide momentum is building with the upcoming Scripps Institute. As land becomes more scarce, developers, following the residential markets, will have to redevelop underperforming properties with a higher use. Skyrocketing insurance costs, rising construction costs and land availability are main concerns. Favorable outlook for Retail Market is driven by steady residential growth. Vacancy rates continued to decline, and rental rates increased compared with the same period of last year. By the second quarter of 2006, retail square footage under construction in Boynton Beach/Lantana market constituted about 50% of the total square footage under construction within the county. Vacancy rate for this market declined from 4.8% to 4.5%. Average asking lease rate remains much lower than the county’s average, $16.99 versus $21.54. TABLE 5. Selected Submarkets of the Palm Beach County Commercial Markets, Second Quarter of 2006 SUBMARKETS* Boca Raton Boynton Beach/Lantana Delray Beach West Palm Beach TOTAL PALM BEACH COUNTY RETAIL Gross Leasable Area SF 5,485,772 3,338,854 2,707,806 4,401,779 28,378,497 Vacancy Rate % 3.7% 4.5% 3.3% 3.1% 3.1% Under Construction SF -763,388 -46,000 1,552,642 OFFICE Net Rentable Area SF 10,374,085 348,063 900,339 5,040,811 20,872,849 Vacancy Rate % 8.1% 6.9% 10.7% 11.2% 8.2% Under Construction SF 45,803 50,000 -657,430 1,023,858 INDUSTRIAL Gross Building SF 8,372,221 4,524,474 3,200,238 14,895,119 46,624,774 Vacancy Rate % 2.5% 1.4% 3.1% 2.8% 2.6% Under Construction SF -44,000 -68,000 291,967 Source: CB Richard Ellis * Boynton Beach submarket boundaries: north – Lake Worth city limits; south – Delray Beach city limits; west –441 31 Boynton/Lantana market has three large retail centers under construction, all of them within Boynton Beach: ?? Quantum Village, a 92,000 sq ft Publix-anchored project with 47,000 sq ft of small shop space, with rental rates $28-$32 psf; ?? Boynton Town Center, a 400,000 mixed use project; 70% leased as of the second quarter of 2006, with rental rates $32-$40 psf; and ?? Renaissance Commons, mixed use project with 184,388 retail space; rental rates are $38 psf. The Palm Beach County Office Market continues to demonstrate high demand, with vacancies at their lowest level in the past 5 years ( the lowest in the tri-county area) and rising rents. Boynton Beach office market constitutes a mere 1.8% of the county market; of 348,063 square feet of office, only 30,000 square feet is Class A space. The overall vacancy rate is 6.9%, down from 11.8% at the same time last year. Extremely low vacancies in the county’s Industrial Market – one of the lowest within the US -are due part to the lack of land and low availability of existing product. The demand for all industrial products continues to grow. As service-driven small businesses expand in response to the population growth, demand for small bay industrial space continues to grow. The biggest factor in the market’s outlook is the arrival of the Scripp`s Institute, expected to cause a surge in demand for R&D space. As shown in Table 5, Boynton’s vacancy rate dropped from the already low 2.7% in the second quarter of 2005 to 1.4% a year later. 2. Commercial and Industrial Approvals in 2005 As the chart on the following page demonstrates, the 2005 volume of commercial approvals reached its highest level since 2000. Some 73% of it is retail, driven by high level of residential construction. Most of the approved retail square footage is located in Boynton Village and Town Center projects. As of the second quarter of 2006, the retail square footage under construction in the Boynton Beach/Lantana submarket constituted over 49% of that in the county as a whole, while the Boynton submarket’s share of the total inventory is only about 12%. The level of approved office square footage is comparable to that of 2004; Boynton remains a marginal office market. The largest approved office project is the Children Services Council’s. After four very active years, industrial approvals fell sharply in 2004 and were only slightly higher in 2005. As in 2004, there were no manufacturing projects among the approvals. Even as demand is increasing, development opportunities are dwindling because of the limited supply of industrial land, a large amount of which was converted in recent years to residential or mixed uses. 32 COMMERCIAL PROJECT APPROVALS 503,329 194,482 305,649620,402 126,346 206,831 -100,000 200,000 300,000 400,000 500,000 600,000 700,0002000 2001 2002 2003 2004 2005 Square footage Retail Office TOTAL COMMERCIAL INDUSTRIAL PROJECT APPROVALS 398,479 251,657 17,727 251,657 33,866 304,910 144,576182,430 -12,480 -317,390 327,006 33,866 17,727 -50,000 100,000 150,000 200,000 250,000 300,000 350,000 400,000 450,000 2000 2001 2002 2003 2004 2005 Square Footage Warehouse/Distribution Manufacturing TOTAL INDUSTRIAL 68,650 333,323 33 Neptune Commerce Center Industrial 16,482 sq ft S SEACREST BLVD Boynton Lofts Mixed Use 17,718 sq ft Retail/office Grove Plaza Pacel B Office 14,291 sq ft Bethesda Memorial Hospital Comprehensive Heart Center 86,167 sq ft Children's Services Council Office 100,000 sq ft Uptown Lofts at Boynton Place Retail 43,361 sq ft Boynton Town Center Retail/Office 248,898 sq ft Boynton Village Mixed Use 160,182 sq ft Retail/office Forum Professional Center Office 20,000 sq ft BOYNTON BEACH BLVD BO YNTON BEACH BL VD WOOLBRIGHT RD GU L FSTRE AM BLVD N SEACREST BLVD OLD BOYNTON RD CONGRESS AVE GULFSTR EAM B LVD GATEW AY BLVD S CONGRESS AVE N OCEAN BLVD N CONGRESS AVE N FEDERAL HWY INTERSTATE 95 NON-RESIDENTIAL PROJECTS APPROVED IN 2005 ® 0 1,000 2,000 4,000 6,000 8,000 Feet Notes: * Included are projects of 10,000 sq ft or more. * bhFauoidrl dubimen egP nar otg frteahsnissti eolodnc afaol trCi oaen n2.t 2e,r3:1 p7r esvqiuoaurse a fpoporto rveatla il 0 10,000,000 20,000,000 30,000,000 40,000,000 50,000,000 60,000,000 70,000,000 Current $ 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 COMMERCIAL PERMIT VALUES, 1994-2005 The permit value chart above includes industrial projects; as expected, it roughly trails the approval trends with a lag of about one year. After a two-year decline, commercial permit values rose sharply in 2003, reflecting the ongoing economic rebound. The 2005 total value was only slightly lower than 2004, the highest in the decade. IV. FUTURE LAND USE TABLE 6. Future Land Use Distribution as of July 2006 LAND USE DESIGNATION ACREAGE % OF TOTAL Residential, in which: 5,624 65.74% Low and Moderate Density 4,316 50.45% Medium, High & Special High Density 1,308 15.29% Commercial 878 10.26% Mixed Uses (MU, MU Core & MU Suburban) 267 3.12% Development of Regional Impact* 87 1.02% Industrial 900 10.52% Recreation 469 5.48% Conservation 67 0.78% Public/Private Governmental & Institutional 263 3.07% TOTAL 8,555 100.00% Conservation Conservation Overlay 176 X Source: Department of Development Note: Net acreage (no rights-of-way included) * Mixed use development w/1683 dwelling units and 316 thousand s.f. of commercial uses 34 Table 6 shows the future land use distribution for the city. The Palm Beach County Appraiser’s Office database indicates that 93 commercial parcels and 13 industrial parcels are currently vacant. • 93 vacant commercial parcels total 64 acres. Out of 92 parcels, 10 are over 1 acre, and only 6 are two acres or over in size. Mixed use parcels are included in the count; • 13 vacant industrial parcels total 42 acres. Out of 13 parcels, 3 are two acres or over in size. The remaining vacant Quantum parcels are included in this count, even though selected commercial uses are permitted. As indicated in Housing and Residential Development section of this report, there are also very few remaining larger parcels for potential future residential development. This would suggest that Boynton Beach is fast approaching build-out. V. BOYNTON’S INDUSTRY AND LABOR FORCE PROFILES This issue of the Development Atlas reports the establishment-based employment by industry, occupations and sales using the 2005 estimates furnished by Claritas, Inc. The data comes from businesses and other establishments located within the city’s limits, showing industry-and occupational profile of jobs held in Boynton Beach. 1. The Industry Profiles A. Current Employment trends in Palm Beach County The 2005 was another year of strong employment growth for the county. Total employment grew 3.4% and private sector employment 3.4% (December 2004 to December 2005). This trend continues. In August 2005, West Palm Beach-Boca Raton-Boynton Beach metropolitan division (the area of which coincides with that of the Palm beach County) had the third highest over-the year employment increase, 2.8%, of the 32 metropolitan divisions in the U.S. The August 2006 unemployment rate was 2.8% (as compared to 3.1% for a state of Florida) In 2005, construction was still one of the fastest growing sectors, with 6.8% increase of employment. Large increase of employment occurred also in employment services, 11%, hotel industry, 7.3%, wholesale trade, 6.3% and transportation, warehousing and utilities, 5.2%. Manufacturing continued to loose jobs; employment in the sector fell by 4.5%, and a total of 22% since 2001. 15% in the last three years. Information sector was flat, after job losses during the three previous years. 35 A. Boynton Beach Business Profile TABLE 7. Non-Agricultural, Establishment-Based Employment and Sales by Industry, Boynton Beach 2005 % OF TOTAL INDUSTRY EMPLOYMENT NUMBER OF FIRMS SALES ($ millions) FIRMS EMPLOYMENT SALES Construction 303 2,489 449 10.6% 7.8% 14.2% Manufacturing 124 1,692 150 4.4% 5.3% 4.8% Transportation/Public Utilities 107 1,205 122 3.8% 3.8% 3.9% Wholesale Trade 135 1,135 203 4.7% 3.5% 6.4% Retail Trade 564 7,353 798 19.8% 22.9% 25.3% Finance/Insurance/Real Estate 323 2,139 413 11.3% 6.7% 13.1% Services, in which: 1,189 13,609 1,020 41.7% 42.4% 32.3% Personal Services 157 626 25 5.5% 2.0% 0.8% Business Services 179 1,168 153 6.3% 3.6% 4.8% Legal Services 55 283 51 1.9% 0.9% 1.6% Health Services 287 6,801 386 10.1% 21.2% 12.2% Educational Services 29 1,216 127 1.0% 3.8% 4.0% Hotels/other Lodging 12 91 4 0.4% 0.3% 0.1% Public Administration 43 2,081 0 1.5% 6.5% 0.0% Other 60 374 0 2.1% 1.2% 0.0% TOTAL 2,848 32,077 3,155 100% 100% 100% TABLE 8. Private Establishment Size by Industry, 2005 2005 Establishments INDUSTRY Percent with Percent with Total 1-19 employees 100 or more employees Construction 303 92.4% 1.7% Manufacturing 124 75.0% 0.8% Transportation/Public Utilities 107 82.2% 0.9% Wholesale Trade 135 91.1% 0.0% Retail Trade 564 86.0% 1.6% Finance/Insurance/Rea Estate 323 0.0% 0.0% Selected Service Categories: Personal Services 157 99.4% 0.0% Business Services 179 93.9% 0.6% Legal Services 55 98.2% 0.0% Health Services 287 88.5% 3.5% Educational Services 29 34.5% 17.2% Hotels/other Lodging 12 91.7% 0.0% ALL INDUSTRIES 2,806 90.3% 1.0% Source: Claritas Inc. (SIC Industry Classification) In 2005, industries with the highest share of the employment in the city were retail trade and medical services. Construction’s share remained at nearly 8%, with no change vis-àvis 2004 (and 2 points higher than in 2001). Manufacturing employment’s share rose from 2.9% in 2001 to 5.3% in 2005. 36 Boynton Beach is a city of small business. Although the data may not be reliable enough to make such a difference significant, the average number of employees per establishment declined from about 13 employees in 2001 to about 11 in 2005. The 2004 Claritas survey shows some 2,806 establishments in Boynton Beach, 90% of which employ fewer than 20 people. 2. Boynton’s Workforce Profile A. Occupational Profile TABLE 9. Non-Farm Occupations for the Employed Civilian Population 16 Years and Over, 2005 % OF TOTAL BOYNTON PALM OCCUPATIONS BOYNTON BEACH BEACH PALM BEACH COUNTY BEACH COUNTY Management 2,398 18,490 8.4% 3.4% Business and Financial Operations 1,130 24,590 4.0% 4.5% Professional/Science 1,376 22,680 4.8% 4.1% Services, in which: 9,469 X 33.3% X Community/Social Services 345 5,180 1.2% 0.9% Legal 293 6,990 1.0% 1.3% Education/Training/Libraries 1,244 * 4.4% X Art/Entertainment/Sport /Media 498 6,700 1.8% 1.2% Healthcare and Support 2,076 48,440 7.3% 8.8% Protective Services 703 15,130 2.5% 2.8% Food Preparation/Serving 1,713 52,580 6.0% 9.6% Building/Grounds Maintenance 1,757 28,200 6.2% 5.1% Personal Services 840 15,260 3.0% 2.8% Sales 3,934 66,620 13.9% 12.2% Office and Administative Support 4,683 103,110 16.5% 18.8% Construction/Extraction 1,895 * 6.7% X Installation/Maintenance/Repairs 1,140 20,180 4.0% 3.7% Production 1,006 19,150 3.5% 3.5% Transportation/Materials Moving 1,366 28,760 4.8% 5.2% TOTAL 28,397 548,130 100.0% X Source: Palm Beach County: Bureau of Labor Statistics; Boynton Beach: Claritas, Inc. Notes: Due to the difference in methodology, direct comparison is limited. * Estimates not released By and large, the Boynton Beach workforce occupational profile mirrors that of Palm Beach County as a whole (both management occupation estimates are probably deficient). About one third of the city’s employed residents hold service occupations; office and administrative support and sales jobs are second and third most commonly held both for the city and for the county. About 7% of Boynton’s employed employed workers have their own (not incorporated) businesses, a percentage that has remained unchanged for the last few years. 37 B. Commuting to Work According to the 2000 Census, some 75% of Boynton’s employed workers commute to work outside of the city limits, 96% of them by car (82 % drive alone). For about 35% of workers, commuting time is 30 minutes or more. The 2005 estimates indicate no change in these numbers. The average travel time to work is about 27 minutes. The public transportation -the Tri-Rail and bus system – could certainly be used by more of these commuters, but the location, schedules and other issues cannot offset the convenience of the proximity of the Interstate 95, which provides a good access to employment centers throughout the tri-county area. 38 STATISTICAL APPENDIX A. BOYNTON BEACH CENSUS GEOGRAPHY 2000 AND SECTOR BOUNDARIES B. DEMOGRAPHIC DATA LIST OF TABLES TABLE 1. Boynton Beach Profile of General Demographic Characteristics: 2005 American Community Survey TABLE 2. Boynton Beach Profile of Social Characteristics: 2005American Community Survey TABLE 3. Population Trends 1970-2005 and Projections for 2010 and 2015 TABLE 4. Population Changes 1990-2005 by Census Tract TABLE 5. Population Age Distribution by Census Tract, 2005 TABLE 6. Population by Race by Census Tract, 2005 TABLE 7. Hispanic or Latino by Race by Census Tract, 2005 TABLE 8. Household Characteristics by Census Tract, 2005 TABLE 9. Household Income Distribution by Census Tract, 2005 TABLE 10. Educational Attainment for Population 25 and over by Census Tract, 2005 TABLE 11. Haitian Population by Census Tract, 2000 TABLE 1. BOYNTON BEACH PROFILE OF GENERAL DEMOGRAPHIC CHARACTERISTICS: 2005 AMERICAN COMMUNITY SURVEY General Demographic Characteristics Estimate Margin of Error General Demographic Characteristics Estimate Margin of Error Total population 58,611 +/-7,641 RACE SEX AND AGE One race 57,814 +/-7,684 Male 28,980 +/-5,881 Two or more races 797 +/-565 Female 29,631 +/-3,233 Under 5 years 3,916 +/-1,420 Total population 58,611 +/-7,641 5 to 9 years 2,936 +/-1,094 One race 57,814 +/-7,684 10 to 14 years 3,885 +/-2,224 White 35,931 +/-3,630 15 to 19 years 3,190 +/-1,180 Black or African American 19,358 +/-6,641 20 to 24 years 3,865 +/-1,522 Native 455 +/-648 25 to 34 years 6,504 +/-1,991 Asian 330 +/-350 35 to 44 years 5,660 +/-1,374 Pacific Islander 0 +/-301 45 to 54 years 10,108 +/-2,339 Some other race 1,740 +/-1,436 55 to 59 years 3,443 +/-1,018 Two or more races 797 +/-565 60 to 64 years 2,476 +/-698 65 to 74 years 5,695 +/-1,115 HISPANIC OR LATINO AND RACE 75 to 84 years 4,961 +/-1,043 Total population 58,611 58,611 +/-7,641 85 years and over 1,972 +/-708 Hispanic or Latino (of any race) N N Mexican 791 +/-636 Median age (years) 44.1 +/-3.5 Puerto Rican 2,435 +/-1,645 Cuban 595 +/-561 18 years and over 45,270 +/-4,055 Other Hispanic or Latino 3,037 +/-1,566 21 years and over 44,355 +/-3,973 Not Hispanic or Latino 51,753 +/-7,506 62 years and over 14,256 +/-1,708 65 years and over 12,628 +/-1,603 RELATIONSHIP Household population 58,611 +/-7,641 18 years and over 45,270 +/-4,055 Householder 26,129 +/-2,005 Male 19,454 +/-2,412 Spouse 10,947 +/-1,726 Female 25,816 +/-2,485 Child 15,436 +/-3,839 Other relatives 2,945 +/-1,710 65 years and over 12,628 +/-1,603 Nonrelatives 3,154 +/-1,392 Male 5,348 +/-1,036 Unmarried partner 1,741 +/-855 Female 7,280 +/-1,064 HOUSEHOLDS BY TYPE Source: US Census Total households 24,848 +/-1,964 Notes: * Data is limited to the household population and excludes the populations living in institutions, college dormitories , and other group quarters. Family households (families) 13,885 +/-1,738 18 years 5,415 +/-1,397 Married-couple families 10,385 +/-1,658 18 years 3,190 +/-1,153 present 463 +/-316 * Boynton Beach 2005 "official" population figure was 65,601; 2006 figure is 67,072. The source of these estimates is the Bureau of Economic and Business Research of the University of Florida. 18 years 92 +/-110 husband present 3,037 +/-812 18 years 2,133 +/-720 * This is the first time Boynton Beach has been included in the American Community Survey. Since ACS does not provide Census-tract level data, Claritas data was generally used throughout the report for consistency. Nonfamily households 10,963 +/-1,801 Householder living alone 9,103 +/-1,734 65 years and over 3,755 +/-756 people under 18 years 5,841 +/-1,392 people 65 years and over 8,737 +/-1,078 Average household size 2.36 +/-0.23 Average family size 3.18 +/-0.28 40 TABLE 2. BOYNTON BEACH PROFILE OF SOCIAL CHARACTERISTICS: 2005 AMERICAN COMMUNITY SURVEY Selected Social Characteristics Estimate Margin of Error Selected Social Characteristics Estimate Margin of Error SCHOOL ENROLLMENT PLACE OF BIRTH Population 3 years and over enrolled in school 15,716 +/-4,710 Total population 58,611 +/-7,641 Nursery school, preschool 1,561 +/-1,009 Native 46,590 +/-6,334 Kindergarten 554 +/-291 Born in United States 45,094 +/-6,226 Elementary school (gr. 1-8) 6,174 +/-2,966 State of residence 18,390 +/-5,246 High school (grades 9-12) 2,827 +/-1,309 Different state 26,704 +/-2,984 College or graduate school 4,600 +/-1,690 Born in Puerto Rico, U.S. Island areas, or abroad to American parent(s) 1,496 +/-931 Foreign born 12,021 +/-2,977 EDUCATIONAL ATTAINMENT U.S. CITIZENSHIP STATUS Population 25 years & over 40,819 +/-3,542 Foreign-born population 12,021 +/-2,977 Less than 9th grade 2,555 +/-1,220 Naturalized U.S. citizen 3,627 +/-1,084 9th to 12th grade, no diploma 3,015 +/-936 Not a U.S. citizen 8,394 +/-2,658 equivalency) 12,300 +/-1,780 YEAR OF ENTRY Some college, no degree 10,793 +/-1,738 United States 13,517 +/-3,107 Associate's degree 3,155 +/-1,009 Native 1,496 +/-931 Bachelor's degree 5,622 +/-1,244 Entered 2000 or later 240 +/-395 Graduate or professional degree 3,379 +/-958 Entered before 2000 1,256 +/-637 % high school grad./higher 86.4% +/-3.3 Foreign born 12,021 +/-2,977 % bachelor's degree/higher 22.1% +/-3.4 Entered 2000 or later 1,725 +/-1,016 Entered before 2000 10,296 +/-2,743 MARITAL STATUS ANCESTRY Males 15 years and over 21,270 +/-2,837 Total population 58,611 +/-7,641 Never married 6,214 +/-1,692 West Indian (excluding Hispanic origin groups) 11,187 +/-6,557 Now married, exc. separated 11,975 +/-1,947 Irish 6,759 +/-1,476 Separated 523 +/-512 Italian 5,493 +/-1,264 Widowed 765 +/-437 German 5,172 +/-1,026 Divorced 1,793 +/-648 English 4,243 +/-1,107 American 2,681 +/-970 Females 15 years and over 26,604 +/-2,570 Polish 2,562 +/-722 Never married 8,016 +/-2,164 Scottish Scottish 1,556 +/-1,188 Now married, except separated 11,111 +/-1,694 French (except Basque) 1,335 +/-471 Separated 594 +/-381 Russian 866 +/-387 Widowed 3,987 +/-887 Dutch 849 +/-513 Divorced 2,896 +/-836 Subsaharan African 672 +/-760 French Canadian 606 +/-431 RESIDENCE 1 YEAR AGO Swedish 333 +/-263 Population 1 year and over 57,751 +/-7,524 Hungarian 249 +/-212 Same house 48,123 +/-7,538 Scotch-Irish 239 +/-252 Different house in the U.S. 9,427 +/-2,602 Czech 206 +/-254 Same county 5,235 +/-1,639 Swiss 149 +/-141 Different county 4,192 +/-1,716 Ukrainian 143 +/-136 Same state 1,625 +/-1,114 Arab 135 +/-224 Different state 2,567 +/-1,359 Norwegian 117 +/-137 Abroad 201 +/-246 Other European 187 300 X Source: US Census. See notes for Table 1. 41 TABLE 3. POPULATION TRENDS 1970-2004 AND PROJECTIONS FOR 2010 AND 2015 YEAR POPULATION ANNUAL % CHANGE 1970 18,115 X 1980 35,624 X 1987 44,056 X 1988 46,310 5.12% 1989 47,451 2.46% 1990 46,194 -2.60% 1991 47,022 1.79% 1992 48,144 2.39% 1993 48,428 0.59% 1994 48,848 0.87% 1995 49,085 0.49% 1996 50,940 3.78% 1997 52,311 2.69% 1998 53,635 2.53% 1999 55,483 3.45% 2000 60,389* 8.84%* 2001 61,816 2.36% 2002 62,847 1.67% 2003 6 4,593 2.78% 2004 6 5,208 0.95% 2005 65,601 0.60% 2006 67,071 2.24% 2010 73,835 X 2015 81,517 X Source: US Census for 1970, 1980, 1990 and 2000; Bureau of Economic and Business Research (BEBR), University of Florida and Palm Beach County estimates for the remaining years and projections for 2010 and 2015 * BEBR 2000 estimate was 56,619 Note: In 2006, the Florida International University's Metropolitan Center developed population projections for the city. The MC projections for 2010 range from 74,179 to 75,839; the 2015 projections range from 83,878 to 87,674. 42 TABLE 4. POPULATION CHANGES 1990-2005 BY CENSUS TRACT CENSUS TRACTS POPULATION POPULATION POPULATION CHANGE (%) 1990 2000 2005 1990/2005 54.03 1 33 137 140 5.3% 56.00 1 ,218 1,605 1,809 48.5% 57.01 3 ,422 3,728 3,946 15.3% 57.02 4 ,953 5,533 5,785 16.8% 58.04 -1,962 2,216 X 58.05 1 ,968 3,428 4,221 114.5% 58.06 4 5 5 25.0% 58.07 6 7 7 16.7% 58.08 58.09 4,859* 8,664* 9,908* 103.9% 60.02 3 ,938 4,975 5,827 48.0% 60.03 1 ,725 2,458 2,500 44.9% 60.05 3 ,769 3,703 3,597 -4.6% 60.07 60.08 2,909* 3,941* 4,014* 37.0% 61.00 4 ,715 4,508 4,597 -2.5% 62.01 3 ,378 4,139 4,183 23.8% 62.02 1 ,792 1,765 1,775 -0.9% 62.03 2 ,079 2,328 2,726 31.1% 63.00 4 ,048 4,468 4,969 22.8% 64.01 ---X 65.01 ---X 66.02 5 10 589 647 26.9% 66.03 1 ,957 2,446 2,744 40.2% 66.05 ---X CITY TOTAL 4 8,354 6 0,389 6 5,616 38.2% Source: US Census 1990 and 2000; 2004 estimates by Claritas, Inc. * The census tract geography underwent changes in 2000. Housing units from tracts 58.03 and 60.04 in 1990 are compared with housing units aggregated over two new tracts for each (58.08 and 58.09 for tract 58.3 and 60.07 and 60.08 for tract 60.04). 43 TABLE 5. POPULATION AGE DISTRIBUTION BY CENSUS TRACT, 2005 CENSUS TOTAL UNDER 18 to 34 35 to 49 50 to 64 65 to 84 85 and over 65 and over % of 65 % under 18 MEDIAN TRACT POPULATION 18 years years years years years and over AGE 54.03 1 41 16 10 21 37 48 9 58 41.1% 11.3% 60.1 56.00 1 ,810 461 393 414 280 220 42 261 14.4% 25.5% 36.8 57.01 3 ,945 1,061 858 698 530 565 233 798 20.2% 26.9% 36.2 57.02 5 ,785 1,482 1,418 1,059 1,034 632 160 792 13.7% 25.6% 34.9 58.04 2 ,215 445 174 377 300 809 110 920 41.5% 20.1% 57.1 58.05 4 ,221 880 1,184 1,078 659 373 47 419 9.9% 20.8% 35.6 58.06 5 0 2 3 0 0 0 1 20.0% 0.0% 37.2 58.07 6 0 1 2 1 1 1 2 33.3% 0.0% 44.5 58.08 1 ,608 274 266 364 264 213 227 440 27.4% 17.0% 45.9 58.09 8 ,301 2221 1,707 2,218 1,325 730 100 830 10.0% 26.8% 36.5 60.02 5 ,827 670 815 846 689 2,187 620 2,807 48.2% 11.5% 63.1 60.03 2 ,499 515 399 568 429 469 119 589 23.6% 20.6% 44.1 60.05 3 ,597 543 433 657 608 1,081 275 1,356 37.7% 15.1% 53.7 60.07 2 ,621 604 601 567 296 382 171 553 21.1% 23.0% 37.4 60.08 1 1 ,392 160 148 152 227 628 77 706 50.7% 11.5% 65.3 61.00 4 ,597 1,313 1,164 980 693 381 66 447 9.7% 28.6% 32.4 62.01 4 ,183 1,166 1,043 1,015 613 264 82 346 8.3% 27.9% 33. 62.02 1 ,775 181 232 259 302 629 172 801 45.1% 10.2% 61.5 62.03 2 ,726 258 337 340 275 1,020 496 1,516 55.6% 9.5% 69. 63.00 4 ,970 946 853 1,100 925 888 258 1,146 23.1% 19.0% 45.3 66.02 6 48 160 94 181 136 63 14 78 12.0% 24.7% 41.8 66.03 2 ,744 87 72 129 294 1,860 302 2,162 78.8% 3.2% 73.9 TOTAL 6 5,616 13,443 12,204 13,028 9,917 13,443 3,581 17,028 26.0% 20.5% Source: Claritas, Inc. 44 TABLE 6. POPULATION BY RACE BY CENSUS TRACT, 2005 Black/Afr. Am. Indian/Nat. Haw./Population CENSUS TOTAL Population White American Alaska nat. Asian Pacific Isl. Other race of two or TRACT POPULATION of one race alone alone alone alone alone alone more races 54.03 1 41 140 137 1 0 1 0 1 1 56.00 1 ,810 1,710 1,043 503 7 23 2 132 99 57.01 3 ,945 3,649 1,573 1,787 28 43 4 214 296 57.02 5 ,785 5,540 1,889 3,419 22 39 23 148 245 58.04 2 ,215 2,185 1,946 135 0 59 0 45 31 58.05 4 ,221 4,108 3,568 276 9 116 1 138 114 58.06 5 5 4 1 0 0 0 0 0 58.07 6 6 6 0 0 0 0 0 0 58.08 1 ,608 1,569 1,449 78 4 6 1 31 39 58.09 8 ,301 8,078 5,823 1,540 19 374 8 314 223 60.02 5 ,827 5,712 4,837 595 16 91 1 172 115 60.03 2 ,499 2,470 2,146 210 0 45 0 69 30 60.05 3 ,597 3,521 3,135 288 11 35 11 41 76 60.07 2 ,621 2,555 1,454 871 6 127 0 97 64 60.08 1 ,392 1,386 1,256 101 0 14 0 15 9 61.00 4 ,597 4,299 1,099 3,052 29 22 2 95 298 62.01 4 ,183 4,030 1,749 2,021 26 34 1 199 153 62.02 1 ,775 1,735 1,593 72 7 18 0 45 40 62.03 2 ,726 2,675 2,060 396 13 73 2 131 51 63.00 4 ,970 4,877 3,793 947 7 63 0 67 91 66.02 6 48 635 593 27 0 6 1 8 11 66.03 2 ,744 2,736 2,687 42 0 5 1 1 7 TOTAL 6 5,616 63,621 43,840 16,362 204 1,194 58 1,963 1,993 Percent of total 100% 97.0% 66.8% 24.9% 0.3% 1.8% 0.1% 3.0% 3.0% Source: Claritas,Inc. Note: Race distribution for respondents declaring one race only. 45 TABLE 7. HISPANIC OR LATINO POPULATION BY RACE BY CENSUS TRACT, 2005 NOT Hispanic Black/Afr. Am. Indian/Nat. Haw./Other Population CENSUS TOTAL Hispanic or White American Alaska nat. Asian Pacific Isl. race of two or TRACT POPULATION or Latino Latino alone alone alone alone alone alone more races 54.03 1 41 136 4 3 0 0 0 0 1 0 56.00 1 ,810 1,340 470 295 9 4 0 0 129 33 57.01 3 ,945 3,303 644 348 18 17 0 0 211 50 57.02 5 ,785 5,020 765 467 73 7 16 8 136 58 58.04 2 ,215 1,979 236 182 2 0 2 0 40 10 58.05 4 ,221 3,511 709 530 21 2 0 0 128 28 58.06 5 4 1 1 0 0 0 0 0 0 58.07 6 5 1 1 0 0 0 0 0 0 58.08 1 ,608 1,426 184 117 2 2 0 1 29 33 58.09 8 ,301 6,993 1,308 888 30 5 2 5 297 81 60.02 5 ,827 5,154 673 422 37 1 1 0 168 44 60.03 2 ,499 2,236 264 183 4 0 0 0 66 11 60.05 3 ,597 3,344 253 186 19 0 0 0 37 11 60.07 2 ,621 2,339 281 160 8 2 2 0 90 19 60.08 1 ,392 1,319 76 48 14 0 0 0 14 0 61.00 4 ,597 4,262 335 202 19 15 0 0 85 14 62.01 4 ,183 3,558 625 353 35 12 0 0 193 32 62.02 1 ,775 1,588 187 129 2 3 0 0 45 8 62.03 2 ,726 2,384 342 166 23 8 3 0 130 12 63.00 4 ,970 4,457 512 412 3 1 0 0 59 37 66.02 6 48 602 44 32 0 0 0 0 8 4 66.03 2 ,744 2,711 32 31 0 0 0 0 1 0 TOTAL 6 5,616 57,671 7,946 5,156 319 79 26 14 1,867 485 % of total 100.0% 87.9% 12.1% 7.9% 0.5% 0.1% 0.0% 0.0% 2.8% 0.7% % of hisp. X 100.0% 64.9% 4.0% 1.0% 0.3% 0.2% 23.5% 6.1% Source: Claritas, Inc. Note: Race distribution for respondents declaring one race only. 46 TABLE 8. HOUSEHOLD CHARACTERISTICS BY CENSUS TRACT, 2005 CENSUS No. of Average One-Person Family Family Female-headed % FAMILY % ONE-PERSON TRACT Households Household Households Households Households: Households HOUSEHOLDS HOUSEHOLDS Size Married Couples w/children under 18 54.03 79 1.76 35 41 38 1 51.9% 44.3% 56.00 716 2.53 213 436 327 43 60.9% 29.7% 57.01 1,568 2.52 541 919 616 141 58.6% 34.5% 57.02 2,052 2.77 608 1,329 852 189 64.8% 29.6% 58.04 1,072 2.07 330 681 626 18 63.5% 30.8% 58.05 1,963 2.15 628 1,068 794 118 54.4% 32.0% 58.06 2 2.59 0 1 1 0 50.0% 0.0% 58.07 3 2.18 1 1 2 0 33.3% 33.3% 58.08 803 1.89 383 388 295 35 48.3% 47.7% 58.09 3,203 2.59 684 2,223 1,755 208 69.4% 21.4% 60.02 3,130 1.86 1,320 1,584 1,343 59 50.6% 42.2% 60.03 1,099 2.20 327 700 590 43 63.7% 29.8% 60.05 1,768 2.02 597 1,088 905 53 61.5% 33.8% 60.07 1,101 2.29 260 727 536 98 66.0% 23.6% 60.08 744 1.87 251 468 427 19 62.9% 33.7% 61.00 1,673 2.72 475 1,095 535 243 65.5% 28.4% 62.01 1,407 2.94 332 919 607 135 65.3% 23.6% 62.02 1,045 1,045 1.69 531 439 357 29 42.0% 50.8% 62.03 1,529 1.63 866 569 451 36 37.2% 56.6% 63.00 2,107 2.29 718 1,216 969 84 57.7% 34.1% 66.02 261 2.48 54 184 156 10 70.5% 20.7% 66.03 1,556 1.70 588 947 894 8 60.9% 37.8% TOTAL 28,881 2.25 9,742 17,023 13,076 1,570 58.9% 33.7% Source: Claritas, Inc. Note: Due to the methodology used by the data provider, the number of households obtained through aggregation over all city's census tracts differs slightly from the number cited in the report for the city as a whole. 47 TABLE 9. HOUSEHOLD INCOME DISTRIBUTION BY CENSUS TRACT, 2005 CENSUS TRACT Total number of Households Less than $15,000 $15,0000-24,999 $25,000-34,999 $35,000-49,999 $50,000-74,999 $75,000-99,999 $100,000-149,999 $150,000-249,999 $250,000-499,999 $500,000 or more Percent households with income of $75,000 and over Median household income 54.03 79 8 5 6 10 10 7 11 8 6 8 50.6% $75,242 56.00 716 82 100 103 122 136 70 70 21 10 2 24.2% $43,869 57.01 1,568 242 264 234 304 273 153 79 11 5 4 16.1% $37,853 57.02 2,052 485 330 246 487 313 131 35 21 4 0 9.3% $33,158 58.04 1,072 155 118 125 153 262 140 93 21 3 0 24.0% $48,053 58.05 1,963 139 192 295 458 428 234 182 32 4 0 23.0% $46,027 58.06 2 0 0 0 1 0 0 0 0 0 0 0.0% $37,428 58.07 3 0 0 0 1 1 0 0 0 0 0 0.0% $47,993 58.08 803 163 76 90 169 216 64 26 0 0 0 11.2% $39,337 58.09 3,203 152 293 371 542 794 536 380 125 9 2 32.8% $57,459 60.02 3,130 488 431 601 457 648 247 209 49 0 0 16.1% $36,490 60.03 1,099 89 117 121 196 263 140 119 39 12 3 28.5% $52,318 60.05 1,768 156 263 288 281 415 221 102 27 13 2 20.6% $43,021 60.07 1,101 128 121 229 179 252 93 49 36 12 2 17.4% $39,719 60.08 744 28 30 66 91 143 105 111 81 46 43 51.9% $78,404 61.00 1,673 364 276 244 262 227 120 129 27 22 2 17.9% $33,159 62.01 1,407 157 163 240 352 266 160 63 4 2 0 16.3% $40,475 62.02 1,045 190 136 166 129 202 104 58 51 8 1 21.2% $40,278 62.03 1,529 255 290 252 348 247 77 36 24 0 0 9.0% $33,611 63.00 2,107 264 268 277 414 425 208 175 45 20 12 21.8% $43,157 66.02 261 15 14 18 22 54 44 54 25 8 7 52.9% $79,233 66.03 1,556 123 186 148 177 248 174 166 186 96 52 43.3% $65,536 CITY 28,881 3,683 3,673 4,120 5,155 5,823 3,028 2,147 833 280 140 22.3% $44,084 Source: Claritas, Inc. Note: Due to the methodology used by the data provider, the number of households obtained through aggregation over all city's census tracts differs slightly from the number cited in the report for the city as a whole. 48 TABLE 10. EDUCATIONAL ATTAINMENT FOR POPULATION 25 AND OVER, 2005 CENSUS TRACT Population 25 years and over Less than 9th grade Some high school, no diploma High school graduate (includes equivalency) Some college, no degree Associate degree Bachelor's degree Graduate or professional degree 54.03 121 2 6 18 33 7 33 22 56.00 1,185 158 243 306 189 63 149 77 57.01 2,554 305 424 785 563 123 223 131 57.02 3,625 416 677 1,066 680 282 328 176 58.04 1,707 62 231 640 314 126 226 108 58.05 3,097 77 282 777 883 245 567 266 58.06 3 0 1 1 1 0 0 0 58.07 6 0 1 2 1 1 1 0 58.08 1,242 38 157 361 312 86 157 131 58.09 5,479 172 505 1,340 1,408 656 1,038 360 60.02 4,935 279 775 1,503 1,172 252 667 287 60.03 1,850 65 203 576 421 153 285 147 60.05 2,878 108 339 1,092 672 152 318 197 60.07 1,865 57 141 650 509 127 291 90 60.08 1,185 12 54 235 296 80 348 160 61.00 2,790 372 595 971 348 134 260 110 62.01 2,601 239 523 698 726 178 181 56 62.02 1,545 56 236 499 323 68 264 99 62.03 2,384 110 442 863 554 104 187 124 63.00 3,662 239 397 1,178 810 253 471 314 66.02 444 5 30 82 106 36 137 48 66.03 2,625 45 192 839 634 106 545 264 CITY 47,783 2,817 6,454 14,482 10,955 3,232 6,676 3,167 Source: Claritas, Inc. 49 TABLE 11. HAITIAN POPULATION BY CENSUS TRACT, 2000 CENSUS TRACT Total population Haitian population % Haitian population 54.03 145 0 0.0% 56.0 1,664 170 10.2% 57.01 3,641 259 7.1% 57.02 5,533 695 12.6% 58.04 1,925 0 0.0% 58.05 3,106 4 0.1% 58.08 1,242 0 0.0% 58.09 7,146 332 4.6% 60.02 4,975 100 2.0% 60.03 2,594 107 4.1% 60.05 3,703 82 2.2% 60.07 2,726 508 18.6% 60.08 1,269 29 2.3% 61.0 4,508 283 6.3% 62.01 4,139 806 19.5% 62.02 1,657 0 0.0% 62.03 2,436 220 9.0% 63.0 4,546 414 9.1% 66.02 563 0 0.0% 66.03 2,433 0 0.0% Source: Census 2000, sample data Note: No updates available for this data. 50 C. HOUSING DATA LIST OF TABLES TABLE 1. Boynton Beach Housing Profile: American Community Survey 2005 TABLE 2. Boynton Beach Housing Inventory 2005 TABLE 3. Changes in Housing Stock, 1990-2005, by Census Tract TABLE 4. Changes in Tenancy Status by Census Tract, 1990-2005 TABLE 5. Changes in Housing Occupancy by Census Tract, 1990-2000 TABLE 6. Value Distribution of All Owner-Occupied units in 2005, by Census Tract TABLE 7. Residential Building Permits, 2005 TABLE 8. Residential Development Projects Approved in 2005 TABLE 1. BOYNTON BEACH HOUSING PROFILE: AMERICAN COMMUNITY SURVEY 2005 Selected Housing Characteristics Estimate Margin of Error Selected Housing Characteristics Estimate Margin of Error HOUSING OCCUPANCY VEHICLES AVAILABLE Total housing units 31,988 +/-2,448 No vehicles available 1,131 +/-472 Occupied housing units 24,848 +/-1,964 1 vehicle available 12,359 +/-1,906 Vacant housing units 7,140 +/-1,796 2 vehicles available 8,855 +/-1,834 3 or more vehicles available 2,503 +/-781 UNITS IN STRUCTURE 1-unit, detached 13,465 +/-1,301 Owner-occupied units 18,109 +/-1,619 1-unit, attached 3,080 +/-780 VALUE 2 units 787 +/-498 Less than $50,000 578 +/-462 3 or 4 units 2,163 +/-659 $50,000 to $99,999 1,784 +/-572 5 to 9 units 2,145 +/-953 $100,000 to $149,999 1,857 +/-633 10 to 19 units 4,148 +/-1,667 $150,000 to $199,999 3,980 +/-904 20 or more units 5,546 +/-1,275 $200,000 to $299,999 4,508 +/-1,147 Mobile home 654 +/-417 $300,000 to $499,999 4,419 +/-1,186 Boat, RV, van, etc. 0 +/-301 $500,000 to $999,999 731 +/-+/-311 $1,000,000 or more 252 +/-209 YEAR STRUCTURE BUILT Median (dollars) 215,300 +/-17,840 Built 2005 or later 0 +/-301 Built 2000 to 2004 2,284 +/-810 MORTGAGE STATUS/SELECTED MONTHLY OWNER COSTS Built 1990 to 1999 5,405 +/-1,311 Hs units with a mortgage 11,209 +/-1,541 Built 1980 to 1989 8,544 +/-1,626 Median (dollars) cost 1,300 +/-97 Built 1970 to 1979 10,244 +/-1,399 Hs units without a mortgage 6,900 +/-1,031 Built 1960 to 1969 3,370 +/-833 Median (dollars) cost 427 +/-25 Built 1950 to 1959 1,717 +/-669 Built 1940 to 1949 64 +/-105 MONTHLY OWNER COSTS AS % OF HOUSEHOLD INCOME Built 1939 or earlier 360 +/-228 Housing unit with a mortgage 11,209 +/-1,541 Less than 20.0 percent 2,816 +/-736 BEDROOMS 20.0 to 24.9 percent 1,298 +/-570 No bedroom 91 +/-108 25.0 to 29.9 percent 1,231 +/-477 1 bedroom 6,238 +/-2,017 30.0 to 34.9 percent 1,539 +/-672 2 bedrooms 15,182 +/-1,703 35.0 percent or more 4,325 +/-1,201 3 bedrooms 8,322 +/-1,378 Not computed 0 +/-301 4 bedrooms 1,793 +/-605 Unitst without a mortgage 6,900 +/-1,031 5 or more bedrooms 362 +/-376 Less than 10.0 percent 1,735 +/-448 10.0 to 14.9 percent 1,294 +/-491 Occupied housing units 24,848 +/-1,964 15.0 to 19.9 percent 1,088 +/-461 HOUSING TENURE 20.0 to 24.9 percent 734 +/-305 Owner-occupied 18,109 +/-1,619 25.0 to 29.9 percent 374 +/-261 Renter-occupied 6,739 +/-1,627 30.0 to 34.9 percent 552 +/-444 35.0 percent or more 1,078 +/-507 Average household size, O/O 2.47 +/-0.31 Not computed 45 +/-75 Average household size, R/O 2.07 +/-0.29 GROSS RENT AS % OF HOUSEHOLD INCOME YEAR HOUSEHOLD MOVED IN Less than 15.0 percent 247 +/-269 Moved in 2000 or later 12,801 +/-1,826 15.0 to 19.9 percent 666 +/-518 Moved in 1995 to 1999 4,829 +/-1,154 20.0 to 24.9 percent 820 +/-602 Moved in 1990 to 1994 2,272 +/-618 25.0 to 29.9 percent 778 +/-522 Moved in 1980 to 1989 3,308 +/-775 30.0 to 34.9 percent 371 +/-334 Moved in 1970 to 1979 1,173 +/-620 35.0 percent or more 3,348 +/-1,356 Moved in 1969 or earlier 465 +/-249 Not computed 509 +/-427 Source: US CENSUS TABLE 2. BOYNTON BEACH HOUSING INVENTORY 2005 TYPE OF DWELLING NO. OF DWELLINGS Single family homes 10,756 Zero-lot line 2,934 Single Family total 13,690 Townhomes/villas 3,651 Condominiums 10,538 Coops 303 Apartments 5,035 Mobile Homes 702 TOTAL NO. OF DWELLINGS 33,919 Source: Palm Beach County Appraiser's Office, Development Department, Fire Department Notes: 1. The figures for apartments and condominiums are estimates, adjusted for recent apartment-to-condo conversions. 2. The figure for mobile homes is also an estimate. 51 TABLE 3. CHANGES IN HOUSING STOCK, 1990-2005 BY CENSUS TRACT CENSUS TOTAL NUMBER OF HOUSING UNITS CHANGE (%) TRACT 1990 2000 2005 1990/2005 54.03 125 133 135 8.0% 56.00 584 741 828 41.8% 57.01 1,918 2,087 2,128 10.9% 57.02 1,887 2,228 2,358 25.0% 58.04 807 1,177 1,288 59.6% 58.05 1,195 1,926 2,324 94.5% 58.06 2 2 2 0.0% 58.07 3 3 3 0.0% 58.08 58.09 2470* 3782* 4285* 73.5% 60.02 2,607 3,140 3,580 37.3% 60.03 912 1,205 1,239 35.9% 60.05 1,944 1,918 1,894 -2.6% 60.07 60.08 1885* 2,122* 2167* 15.0% 61.00 1,938 1,794 1,855 -4.3% 62.01 1,498 1,491 1,473 -1.7% 62.02 1,607 1,585 1,531 -4.7% 62.03 1,613 1,616 1,896 17.5% 63.00 2,403 2,300 2,489 3.6% 66.02 213 245 271 27.2% 66.03 1,783 1,877 2,115 18.6% CITY TOTAL 27,398 31,372 33,861 23.6% Source: US Census 1990 and 2000, Claritas, Inc. 2005 * The census tract geography underwent changes in 2000. Housing units from tracts 58.03 and 60.04 in 1990 are compared with housing units aggregated over two new tracts for each (58.08 and 58.09 for tract 58.3 and 60.07 and 60.08 for tract 60.04). 52 TABLE 4. CHANGES IN TENANCY STATUS BY CENSUS TRACT, 1990-2005 OCCUPIED OWNER-OCCUPIED RENTER-OCCUPIED CENSUS HOUSING UNITS TRACT 1990 2005 Number 1990 Percent 1990 Number 2005 Percent 2005 Number 1990 Percent 1990 Number 2005 Percent 2005 54.03 70 8 0 61 87.1% 6 7 83.8% 9 12.9% 1 3 16.3% 56.00 479 7 16 372 77.7% 4 85 67.7% 1 07 22.3% 2 31 32.3% 57.01 1,479 1 ,569 1,167 78.9% 1 ,205 76.8% 3 12 21.1% 3 64 23.2% 57.02 1,541 2 ,052 1,237 80.3% 1 ,515 73.8% 3 04 19.7% 5 37 26.2% 58.04 561 1 ,072 543 96.8% 1 ,037 96.7% 1 8 3.2% 3 5 3.3% 58.05 940 1 ,963 549 58.4% 9 43 48.0% 391 41.6% 1 ,020 52.0% 58.06 1 2 1 100.0% 2 100.0% 0 X -0.0% 58.07 3 3 2 66.7% 2 66.7% 1 33.3% 1 33.3% 58.08 58.09 2,090* 4006* 1,561* 74.70% 3180* 80.60% 529* 25.30% 826* 19.40% 60.02 2,238 3 ,130 2,105 94.1% 2 ,488 79.5% 1 33 5.9% 6 42 20.5% 60.03 750 1 ,099 626 83.5% 8 62 78.4% 1 24 16.5% 2 37 21.6% 60.05 1,763 1 ,768 1,613 91.5% 1 ,645 93.0% 1 50 8.5% 1 23 7.0% 60.07 60.08 1,334* 1845* 899* 67.40% 1,196 62.70% 435* 32.60% 649* 37.20% 61.00 61.00 1,575 1 ,673 858 54.5% 9 53 57.0% 7 17 45.5% 7 20 43.0% 62.01 1,383 1 ,407 938 67.8% 9 48 67.4% 4 45 32.2% 4 59 32.6% 62.02 1,107 1 ,045 805 72.7% 7 10 67.9% 3 02 27.3% 3 35 32.1% 62.03 1,261 1 ,529 976 77.4% 1 ,112 72.7% 2 85 22.6% 4 17 27.3% 63.00 1,912 2 ,107 1,612 84.3% 1 ,753 83.2% 3 00 15.7% 3 54 16.8% 66.02 200 2 60 183 91.5% 2 45 94.2% 1 7 8.5% 1 5 5.8% 66.03 971 1,556 882 90.8% 1,415 90.9% 89 9.2% 141 9.1% CITY TOTAL 21,658 2 8,882 16,990 78.4% 2 1,763 75.4% 4 ,668 21.6% 7,119 24.6% Source: US Census 1990 and Claritas, Inc. * The census tract geography underwent changes in 2000. Housing units from tracts 58.03 and 60.04 in 1990 are compared with housing units aggregated over two new tracts for each (58.08 and 58.09 for tract 58.03 and 60.7 and 60.08 for tract 60.04). 53 TABLE 5. CHANGES IN HOUSING OCCUPANCY BY CENSUS TRACT, 1990-2000 CENSUS TRACT TOTAL OCCUPIED VACANT UNITS 1990 VACANT UNITS 2000 Seasonal/Seasonal/Housing Units Housing Units Recr. Recr. No. % of Total Seasonal/Recr. Use No. % of Total Seasonal/Recr. Use % all units % all units 1990 2000 1990 2000 No. % of Vacant No. % of Vacant 1990 2000 54.03 143 168 81 79 62 43.4% 47 75.8% 89 53.0% 89 100.0% 32.9% 53.0% 56.00 629 620 534 534 95 15.1% 47 49.5% 86 13.9% 50 58.1% 7.5% 8.1% 57.01 1,821 1,791 1,505 1,459 316 17.4% 182 57.6% 332 18.5% 234 70.5% 10.0% 13.1% 57.02 1,887 2,228 1,541 1,920 346 18.3% 166 48.0% 308 13.8% 195 63.3% 8.8% 8.8% 58.04 0 988 0 880 0 X 0 X 108 10.9% 55 50.9% X 5.6% 58.05 860 2,121 617 1,732 243 28.3% 89 36.6% 389 18.3% 65 16.7% 10.3% 3.1% 58.06 0 1 0 1 0 X 0 X 0 0.0% 0 X X 0.0% 58.07 0 3 0 3 0 X 0 X 0 0.0% 0 X X 0.0% 58.08 58.09 2,496* 3,917* 2,108* 3,673* 388* 15.5% 141* 36.3% 244* 6.2% 140* 57.4% 4.8% 3.6% 60.02 2,607 3,140 2,238 2,717 369 14.2% 237 423 13.5% 258 61.0% 9.1% 8.2% 60.03 694 1,020 634 963 60 8.6% 10 16.7% 57 5.6% 18 31.6% 1.4% 1.8% 60.05 1,944 1,918 1,763 1,782 181 9.3% 79 X 136 7.1% 93 68.4% 4.1% 4.8% 60.07 60.08 1,399* 1,777* 1,053* 1,644* 346* 24.7% 32* 9.3% 133* 7.5% 63* 47.4% 2.3% 3.6% 61.00 1,938 1,794 1,575 1,606 363 18.7% 104 28.7% 188 10.5% 57 30.3% 5.4% 3.2% 62.01 1,498 1,491 1,383 1,419 115 7.7% 27 23.5% 72 4.8% 19 26.4% 1.8% 1.3% 62.02 1,607 1,585 1,107 1,053 500 31.1% 365 73.0% 532 33.6% 458 86.1% 22.7% 28.9% 62.03 1,615 1,616 1,263 1,281 352 21.8% 239 67.9% 335 20.7% 264 78.8% 14.8% 16.3% 63.00 2,431 2,289 1,936 1,905 495 20.4% 303 61.2% 384 16.8% 304 79.2% 12.5% 13.3% 64.01 0 0 0 0 0 X 0 X 0 X 0 X X X 65.01 0 0 0 0 0 X 0 X 0 X 0 X X X 66.02 168 236 161 224 7 4.2% 3 42.9% 12 5.1% 6 50.0% 1.8% 2.5% 66.03 1,807 1,940 793 1,335 1,014 56.1% 691 68.1% 605 31.2% 576 95.2% 38.2% 29.7% 66.05 0 0 0 0 0 X 0 X 0 X 0 X X X CITY TOTAL 25544 30643 20292 26210 4518 20.6% 2589 52.6% 4056 14.5% 2741 66.4% 10.8% 9.6% Source: US Census 1990 and 2000 * The census tract geography underwent changes in 2000. Housing units from tracts 58.03 and 60.04 in 1990 are compared with housing units aggregated over two new tracts for each (58.08 and 58.09 for tract 58.03 and 60.7 and 60.08 for tract 60.04). Note: No updates available for this data (units for seasonal/recreational use). 54 TABLE 6. VALUE DISTRIBUTION OF ALL OWNER-OCCUPIED UNITS IN 2005, BY CENSUS TRACT CENSUS MEDIAN Less than $40,000 -$80,000 -$100,000-$150,000-$200,000-$300,000-$400,000 TRACT VALUE $40,000 79,999 99,000 149,000 199,999 299,999 399,999 or more 54.03 66 $ 289,007 0 2 2 7 5 6 4 40 56.00 484 $ 90,420 24 77 65 130 66 54 33 35 57.01 1,205 $ 62,857 240 369 112 423 39 22 0 0 57.02 1,515 $ 93,936 117 182 111 594 269 107 57 78 58.04 1,037 $ 88,346 119 250 97 86 80 365 40 0 58.05 942 $ 118,993 185 103 42 120 187 218 69 18 58.06 0 $ 50,964 0 0 0 0 0 0 0 0 58.07 1 $ 163,852 0 0 0 0 1 0 0 0 58.08 505 $ 135,976 11 0 0 189 92 148 51 14 58.09 2,673 $ 146,349 117 37 29 341 877 967 252 53 60.02 2,488 $ 98,932 27 200 370 1,228 447 150 43 23 60.03 865 $ 125,295 3 16 37 346 199 139 70 55 60.05 1,645 $ 127,547 18 12 79 627 442 409 44 14 60.07 564 $ 184,556 0 0 8 11 163 216 113 53 60.08 631 $ 221,644 0 0 0 20 91 169 147 204 61.00 953 $ 107,904 9 87 83 286 248 149 63 28 62.01 948 $ 123,195 0 13 42 265 398 198 14 18 62.02 710 $ 75,972 14 191 124 193 57 36 24 71 62.03 1,112 $ 67,103 28 458 200 371 12 30 13 0 63.00 1,751 $ 128,732 22 155 115 372 429 451 103 104 66.02 246 $ 278,317 0 0 0 2 8 49 68 119 66.03 1,415 $ 125,448 4 73 164 330 146 157 91 450 Source: Claritas, Inc. Note: Both detached and attached single family units are included under the Census definition of "specified owner-occupied" unit. Specified owneroccupied units are one family houses on fewer than 10 acres without a business or a medical office on the property. Mobile homes are excluded. This is an update of Census 2000 owner-estimated housing values. Due to the rapid residential price appreciation, actual market values are higher. The data is provided for Census tract comparison. ALL OWNEROCCUPIED UNITS 55 TABLE 7. RESIDENTIAL BUILDING PERMITS, 1991-2005 Years No. of Permits Issued (No. of Units) Construction Values (Current Dollars) Average Permit Value Single-Family Homes Multifamily Units Single-Family Homes Multifamily Units Single-Family Homes Multifamily Units 1991 156 478 $ 14,344,395 $ 16,064,352 $ 91,951 $ 33,607 1992 117 208 $ 10,176,029 $ 7,399,543 $ 86,975 $ 35,575 1993 195 6 $ 15,959,339 $ 278,800 $ 81,843 $ 46,467 1994 97 34 $ 8,839,026 $ 2,657,637 $ 91,124 $ 78,166 1995 366 385 $ 31,758,038 $ 20,493,049 $ 86,771 $ 53,229 1996 417 333 $ 35,979,761 $ 14,579,148 $ 86,282 $ 43,781 1997 414 12 $ 40,243,857 $ 997,144 $ 97,207 $ 83,095 1998 242 392 $ 25,068,196 $ 13,345,768 $ 103,588 $ 34,045 1999 168 395 $ 18,745,507 $ 22,243,070 $ 111,580 $ 56,312 2000 161 122 $ 17,193,484 $ 10,348,909 $ 106,792 $ 84,827 2001 135 912 $ 15,521,390 $ 98,058,511 $ 114,973 $ 107,520 2002 51 366 $ 4,481,524 $ 20,372,929 $ 87,873 $ 55,664 2003 114 211 $ 9,755,550 $ 21,612,097 $ 85,575 $ 102,427 2004 28 1,119 $ 3,147,133 $ $ 119,377,687 $ 112,398 $ 106,682 2005 159 1,135 $ 32,313,922 $ 162,936,448 $ 203,232 $ 143,556 Total 2,820 6,108 X X X X Source: Building Department 56 TABLE 8. RESIDENTIAL DEVELOPMENT PROJECTS APPROVED IN 2005 Boynton Village and Town Center Northeast corner of Congress Avenue and Old Boynton Road 1,120 Mixed Use Arches Southwest corner of Ocean Avenue and Federal Highway Additional 102 units (total of 378) Mixed Use Heritage Club Northwest corner of Federal Highway and Gulfstream Blvd 166 Mixed use Quantum Village South (Commercial) Quantum Park, Lots 62-67C (excluding a portion of 65B) and Lot 100 Additional 102 units (total of 378) Mixed Use Boynton Lofts 623 South Federal Highway 48 Mixed Use Uptown Lofts Northwest Corner of Federal Highway and Woolbright Rd 494 Townhomes/Apartments Knollwood Groves Southwest corner of the intersection of Lawrence Road and the LWDD L-20 Canal 148 Single Family High Ridge Northwest corner of High Ridge Road and Miner Road 174 Single Family/Townhomes Peninsula East side of Federal Highway, north of Gateway Boulevard 70 Townhomes/Condos Barr 1801 NE 4th Street 180 Townhomes Seaview Park Club East side of Federal Highway, Highway, north of the Boynton (C-16) Canal 64 Townhomes Boynton Dixie Northwest corner of Gulfstream Boulevard and Old Dixie Highway 82 Townhomes Gulfstream Gardens West side of Federal Highway, north of Gulfstream Boulevard 198 Townhomes Source: Department of Development, Planning and Zoning Division. Note: The term "approved" indicates the approval by the City Commission of a project's site plan or master plan. Name of Project Site Address/Location No. of Units Type of Project 57 D. COMMERCIAL DEVELOPMENT AND ECONOMIC DATA LIST OF TABLES TABLE 1. Boynton Beach Profile of Economic Characteristics: American Communty Survey 2005 TABLE 2. Changes in City’s Taxable Value by Land Use, 1993-2005 TABLE 3. Commercial and Industrial Building Permits, 1992-2005 TABLE 4. Commercial and Industrial Project Approvals, 1996-2005 TABLE 5. Large Nonresidential Projects Approved in 2005 TABLE 1. BOYNTON BEACH PROFILE OF ECONOMIC CHARACTERISTICS: AMERICAN COMMUNITY SURVEY 2005 Selected Economic Characteristics Estimate Margin of Error Selected Economic Characteristics Estimate Margin of Error INDUSTRY Families 13,885 +/-1,738 Agriculture, forestry, fishing and hunting, and mining 51 +/-83 Less than $10,000 914 +/-535 Construction 2,018 +/-839 $10,000 to $14,999 165 +/-201 Manufacturing 1,125 +/-851 $15,000 to $24,999 1,337 +/-580 Wholesale trade 502 +/-289 $25,000 to $34,999 2,590 +/-1,133 Retail trade 4,500 +/-1,597 $35,000 to $49,999 2,282 +/-715 Transportation/warehousing/utilities 316 +/-228 $50,000 to $74,999 3,286 +/-765 Information 556 +/-320 $75,000 to $99,999 1,266 +/-536 Finance and insurance, and real estate and rental and leasing 1,866 +/-636 $100,000 to $149,999 1,408 +/-513 Professional, scientific, and management, and administrative and waste management services 4,564 +/-1,345 $150,000 to $199,999 254 +/-289 Educational services, and health care, and social assistance 5,038 +/-1,448 $200,000 or more 383 +/-281 Arts, entertainment/recreation and accommodation/food services 2,910 +/-1,131 Median family income ($$) 47,212 +/-7,646 Other services, except publ. admin. 1,300 +/-530 Mean family income ($$) 62,045 +/-9,563 Public administration 730 +/-444 CLASS OF WORKER Per capita income ($$) 24,571 +/-3,239 Private wage and salary workers 21,374 +/-2,783 Nonfamily households 10,963 +/-1,801 Government workers 2,750 +/-1,071 Median nonfamily income ($$) 27,157 +/-6,602 incorporated business 1,352 +/-662 Mean nonfamily income ($$) 44,817 +/-8,611 Unpaid family workers 0 +/-301 Median earnings for workers ($$) 26,256 +/-3,066 INCOME AND BENEFITS (IN 2005 INFLATION-ADJUSTED $$ Median earnings for male full-time, year-round workers ($$) 41,077 +/-8,871 Total households 24,848 +/-1,964 Median earnings for female full-time, year-round workers ($$) 31,977 +/-4,791 Less than $10,000 2,504 +/-795 PERCENTAGE OF FAMILIES AND PEOPLE WHOSE INCOME IN THE PAST 12 MONTHS IS BELOW THE POVERTY LEVEL $10,000 to $14,999 1,445 +/-1,092 $15,000 to $24,999 3,087 +/-952 $25,000 to $34,999 3,931 +/-1,229 $35,000 to $49,999 3,543 +/-890 All people 18.5% +/-9.4 $50,000 to $74,999 5,253 +/-1,250 Under 18 years 43.9% +/-22.3 $75,000 to $99,999 1,785 +/-627 18 years and over 11.0% +/-4.4 $100,000 to $149,999 2,203 +/-712 18 to 64 years 12.1% +/-5.8 $150,000 to $199,999 400 +/-328 65 years and over 8.2% +/-3.6 $200,000 or more 697 +/-439 People in families 20.0% +/-12.3 Median household income ($$) 39,216 +/-5,829 Unrel. individuals 15 years and over 13.9% +/-5.0 Mean household income ($$) 55,157 +/-6,673 COMMUTING TO WORK With earnings 18,199 +/-1,870 Mean earnings ($$) 54,887 +/-7,930 Mean travel time to work (minutes) 22.2 +/-1.7 With Social Security 9,427 +/-1,433 Mean Social Security ($$) 14,995 +/-1,298 Source: US Census With retirement income 4,079 +/-797 Mean retirement inc. ($$) 17,715 +/-5,455 With Suppl. Security Income 1,660 +/-1,127 Mean Supplemental Security Income ($$) 8,575 +/-1,675 With cash public assistance income 594 +/-508 With Food Stamp benefits in the past 12 months 2,215 +/-706 TABLE 2. CHANGES IN CITY'S TAXABLE VALUE OF RESIDENTIAL, COMMERCIAL AND INDUSTRIAL LAND USES, 1993-2005 1993 1999 2000 2001 2002 2003 2004 2005 TOTAL TAXABLE* 1,633,422,631 2,091,124,017 2,221,736,564 2,402,706,325 2,636,109,342 2,975,816,191 3,364,067,217 3,975,909,602 in which real property: 1.Residential 1,095,335,716 1,439,306,747 1,517,349,529 1,671,747,547 1,829,142,969 2,134,737,593 2,423,973,983 2,896,500,399 in % of total taxable 67.1% 68.8% 68.3% 69.6% 69.4% 71.7% 72.1% 72.9% 2.Commercial 390,772,702 502,296,033 549,948,956 554,030,196 578,841,097 594,520,063 647,175,110 770,213,540 in % of total taxable 23.9% 24.0% 24.8% 23.1% 22.0% 20.0% 19.2% 19.4% 3.Industrial 147,314,213 149,521,237 154,438,079 176,928,582 197,200,797 206,869,860 251,605,670 249,268,290 in % of total taxable 9.0% 7.2% 7.0% 7.4% 7.5% 7.0% 7.5% 6.3% Source: Palm Beach County Appraiser's Office *Includes all real property. 60 TABLE 3. COMMERCIAL AND INDUSTRIAL BUILDING PERMITS, CALENDAR YEARS 1992-2005 No. of Permits Issued Construction Values Average Permit (No. of Buildings) (Current Dollars) Value 1992 15 $ 1 5,483,480 $ 1 ,032,232 1993 19 $ 1 6,522,970 $ 8 69,630 1994 13 $ 5 ,626,216 $ 4 32,786 1995 5 $ 5 ,244,776 $ 1 ,048,955 1996 4 $ 3 ,888,000 $ 9 72,000 1997 15 $ 1 2,315,005 $ 8 21,000 1998 22 $ 2 2,568,663 $ 1 ,025,848 1999 24 $ 1 8,377,934 $ 7 65,747 2000 31 $ 3 6,898,723 $ 1 ,190,281 2001 16 $ 1 7,052,582 $ 1 ,065,786 2002 12 $ 7 ,329,262 $ 6 10,772 2003 20 $ 3 0,009,225 $ 1 ,500,461 2004 25 $ 6 3,941,812 $ 2 ,557,672 2005 16 $ 5 8,371,103 $ 3 ,648,194 Source: Building Department Year 61 TABLE 4. COMMERCIAL AND INDUSTRIAL PROJECT APPROVALS, 1996-2005 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Retail 3 05,128 88,910 1 70,092 2 41,086 174,612 92,373 * 155,254 1 47,263 454,430 Office -36,000 69,881 80,353 32,219 33,973 * 37,225 1 58,386 165,972 TOTAL COMMERCIAL 305,128 1 24,910 2 39,973 3 21,439 206,831 1 26,346 5 03,329 192,479 3 05,649 620,402 Warehouse/Distribution 46,790 1 56,596 2 95,777 3 33,323 300,808 251,657 304,910 144,576 17,727 33,866 Manufacturing -1 85,463 22,565 68,650 97,671 -12,480 182,430 --TOTAL INDUSTRIAL 46,790 3 42,059 3 18,342 4 01,973 398,479 2 51,657 3 17,390 327,006 17,727 33,866 Source: Building Department * Some of the projects are part of mixed use developments. In master plans for such developments, often no breakdown of proposed commercial space into office and retail is initially made. 62 TABLE 5. NON-RESIDENTIAL PROJECTS* APPROVED IN 2005 PROJECT NAME PROJECT TYPE ADDRESS/LOCATION SQUARE FOOTAGE Boynton Village Mixed Use (Retail/Office) Northeast corner of Congress Avenue and Old Boynton Road 160,182 Boynton Town Center Mixed Use (Retail/Office) Northeast corner of Congress Avenue and Old Boynton Road 248,898 Boynton Lofts Mixed Use (Retail/Office) 623 South Federal Highway 17,718 Uptown Lofts Mixed Use (Retail) Northwest Corner of Federal Highway and Woolbright Rd 43,361 Grove Plaza Parcel B Office Parcel “B” of Grove Plaza Replat, southeast corner of Hypoluxo Road and Lawrence Road 14,291 Grove Plaza Parcel C Automobile Services 3940 Hypoluxo Rd 6,832 Forum Professional Center Office Ocean Drive, approximately 200 feet east of Congress Avenue 20,000 Bethesda Memorial Hospital Comprehensive Heart Center Medical Office 2815 South Seacrest Boulevard 86,167 Neptune Commerce Center Industrial South side of Neptune Drive, east of South Congress Avenue 16,482 Children's Services Council Office Quantum Park Lot 91, northeast corner of Gateway Blvd. and High Ridge Road 100,000 Quantum Park Lots 15 and 16 Office addition 3601 Quantum Boulevard 9,000 Learning Place II Daycare East side of Lawrence Road, north of Gateway 7,800 Source: Department of Development, Planning and Zoning Division * Included are projects with a minimum square footage of 5,000 63 E. SELECTED COUNTY DATA LIST OF TABLES TABLE 1. Palm Beach County Profile of Selected Demographic, Housing and Economic Characteristics: 2005 Estimates TABLE 2. Selective Comparative 2005 Statistics for Boynton Beach, Delray Beach and Boca Raton TABLE 3. Population Changes in Palm Beach County Municipalities 1990-2005 TABLE 4. Palm Beach County Population projections by Municipality, 2005-2015 TABLE 5. Palm Beach County Municipal Ad Valorem Tax Profile 2005 TABLE 1. PALM BEACH COUNTY PROFILE OF SELECTED DEMOGRAPHIC, HOUSING AND ECONOMIC CHARACTERISTICS: AMERICAN COMMUNITY SURVEY 2005 Selected Characteristics Estimate Margin of Error Selected Characteristics Estimate Margin of Error Total population 1,247,908 ***** Civilian employed population 16 years and over 549,999 +/-7,459 SEX AND AGE Male 605,738 +/-575 OCCUPATION Female 642,170 +/-575 Management, professional, and Median age (years) 41.9 +/-0.3 related occupations 185,282 +/-6,165 Service occupations 103,659 +/-6,234 18 years and over 972,642 +/-133 Sales and office occupations 157,918 +/-6,354 21 years and over 935,311 +/-1,797 Farming, fishing, and forestry 3,484 +/-1,580 62 years and over 299,678 +/-2,364 Construction, extraction, 61,057 +/-5,160 65 years and over 263,239 +/-315 Production, transportation, and material moving occupations 38,599 +/-4,390 RACE INDUSTRY Total population 1,247,908 ***** Agriculture, forestry, fishing and One race 1,235,808 +/-2,328 hunting, and mining 4,471 +/-2,069 White White 925,983 +/-6,992 Construction 56,695 +/-6,217 Black or African American 192,084 +/-2,532 Manufacturing 24,183 +/-2,851 American Indian and Alaska 3,119 +/-878 Wholesale trade 18,456 +/-2,445 Asian 26,392 +/-1,070 Retail trade 71,099 +/-5,080 Two or more races 12,100 +/-2,328 Transport./warehousing/utilities 23,570 +/-2,827 HISPANIC OR LATINO Information 13,172 +/-2,193 Hispanic or Latino (of any race) 201,633 ***** Finance and insurance, and real estate and rental and leasing 51,189 +/-3,870 HOUSEHOLDS BY TYPE Prof./scientific/management and Total households 513,556 +/-5,814 administr./waste management 73,835 +/-4,185 Family households (families) 320,877 +/-5,886 Educ./health/social assistance 103,731 +/-6,495 Married-couple families 240,737 +/-5,479 Arts, entertainment, and Nonfamily households 192,679 +/-6,588 recreation, and accommodation, 53,852 +/-4,479 Householder living alone 159,404 +/-6,143 Other services, exc. public admin. 33,066 +/-3,372 65 years and over 76,176 +/-3,464 Public administration 22,680 +/-2,345 Average household size 2.43 +/-0.03 Average family size 3.04 +/-0.04 CLASS OF WORKER PLACE OF BIRTH Private wage and salary workers 447,356 +/-7,856 Total population 1,247,908 ***** Government workers 64,680 +/-3,957 Native 992,822 +/-10,482 Self-employed workers in own not Foreign born 255,086 +/-10,482 incorporated business 36,851 +/-3,470 Naturalized U.S. citizen 96,643 +/-6,018 Unpaid family workers 1,112 +/-516 Not a U.S. citizen 158,443 +/-9,736 LANGUAGE SPOKEN AT HOME INCOME AND BENEFITS Population 5 years and over 1,171,149 +/-225 Median household income ($$) 48,099 +/-959 English only 874,013 +/-10,430 Mean household income (dollars) 69,642 +/-1,790 Language other than English 297,136 +/-10,428 Mean earnings (dollars) 68,521 +/-1,991 Speak English less than "very well" 149,732 +/-9,625 Mean retirement income (dollars) 22,835 +/-1,781 TOTAL HOUSING UNITS 619,427 ***** Median family income ($$) 57,677 +/-1,591 Occupied housing units 513,556 +/-5,814 Median nonfamily income ($$) 32,045 +/-1,686 HOUSING TENURE Median earnings for workers ($$) 28,213 +/-1,029 Owner-occupied 378,320 +/-6,715 Median earnings for male full-time, year-round workers ($$) 41,049 +/-1,064 Renter-occupied 135,236 +/-5,756 Median earnings for female fulltime, year-round workers ($$) 33,948 +/-1,435 Median Housing Value 269,800 +/-7,256 PERCENTAGE OF PEOPLE BELOW POVERTY LEVEL 11.1% +/-0.8 TABLE 2. SELECTED COMPARATIVE 2005 STATISTICS FOR BOYNTON BEACH, DELRAY BEACH AND BOCA RATON BOYNTON BEACH DELRAY BEACH BOCA RATON Population 65,601 63,888 85,311 Median Household Income ($)* 2000: 39,845 2000: 43,371 2000: 60,248 2005: 44,084 2005: N/A 2005: 55,733 Total Taxable Property Value 3,975,909,602 6,179,590,968 15,668,623,977 Property Tax Rate (total millage rate) 7.6300 8.0000 3.555 General Fund Budget ($) 50,607,135 94,041,697 114,766,600 General Fund Expenditures per Person ($) (of city's population) 771 1,472 1,345 Source: US Census, Palm Beach County Appraiser's Office and finance departments of cities * Median Household Income derived from 2000 Census and 2005 American Community Survey (no ACS data available Delray Beach) Note: Margin of Error for the 2005 ACS income estimates: Boca Raton: +/-$9,077; Boynton Beach: +/-$5,829 65 TABLE 3. POPULATION CHANGES IN PALM BEACH COUNTY MUNICIPALITIES 1990-2005 POPULATION POPULATION 1990/2005 GROWTH 2005 1990 RANKING BY MUNICIPALITY Hypoluxo 2,459 830 196.3% 1 Royal Palm Beach 29,845 14,589 104.6% 2 Palm Beach Gardens 45,584 22,965 98.5% 3 Jupiter 48,269 24,986 93.2% 4 Mangonia Park 2,527 1,453 73.9% 5 Juno Beach 3,651 2,121 72.1% 6 Greenacres City 31,270 18,683 67.4% 7 West Palm Beach 101,111 67,643 49.5% 8 Haverhill 1,501 1,058 41.9% 9 Palm Springs 13,850 9,763 41.9% 10 Boynton Beach 65,601 46,284 41.7% 11 Boca Raton 85,311 61,492 38.7% 12 Cloud Lake 167 121 38.0% 13 Lake Park 9,113 6,704 35.9% 14 Delray Beach 63,888 47,181 35.4% 15 Palm Beach Shores 1,383 1,040 33.0% 16 Glen Ridge 273 207 31.9% 17 Atlantis 2,151 1,653 30.1% 18 Highland Beach 4,157 3,209 29.5% 19 Tequesta Village 5,686 4,499 26.4% 20 Lake Worth 36,040 28,564 26.2% 21 Riviera Beach 33,265 27,639 20.4% 22 South Bay 4,092 3,558 15.0% 23 Lantana 9,574 8,392 14.1% 24 Manalapan 355 312 13.8% 25 North Palm Beach 12,553 11,343 10.7% 26 Gulf Stream 736 690 6.7% 27 Ocean Ridge 1,654 1,570 5.4% 28 Briny Breezes 417 400 4.3% 29 South Palm Beach 1,529 1,480 3.3% 30 Lake Clarke Shores 3,466 3,364 3.0% 31 Palm Beach 9,735 9,814 -0.8% 32 Golf Village 231 234 -1.3% 33 Belle Glade 14,994 16,177 -7.3% 34 Jupiter Inlet Colony 373 405 -7.9% 35 Pahokee 6,277 6,822 -8.0% 36 Wellington 53,429 -n/a TOTAL INCORPORATED 706,517 457,245 54.5% X Unincorporated county 559,438 406,120 37.8% X TOTAL 1,265,955 863,365 46.6% X Source: Census 1990, 2005 estimates by Palm Beach County Planning Department MUNICIPALITY % CHANGE 66 TABLE 4. PALM BEACH COUNTY POPULATION PROJECTIONS BY MUNICIPALITY, 2000-2015 JURISDICTION 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Unincorporated 5 59,438 5 72,682 5 85,921 5 99,152 6 12,377 6 25,596 6 35,017 6 44,329 6 53,533 6 62,627 6 71,613 Atlantis 2,151 2,155 2,167 2,179 2,189 2,191 2,201 2,216 2,234 2,253 2,272 Belle Glade 14,994 15,244 15,586 16,194 16,322 16,551 16,902 17,319 17,793 18,274 18,759 Boca Raton 85,311 85,693 86,760 88,088 88,540 89,028 89,880 91,006 92,295 93,933 95,305 Boynton Beach 65,601 67,014 68,836 70,849 72,600 74,882 77,030 79,002 80,988 82,641 84,263 Briny Breezes 417 417 417 417 417 417 418 419 421 423 424 Cloud Lake 167 168 169 169 170 171 174 177 181 186 190 Delray Beach 63,888 64,620 65,447 66,825 68,151 68,493 69,570 70,593 71,774 72,983 74,213 Glen Ridge 273 273 277 277 280 283 289 295 302 309 317 Golf 231 244 246 248 249 252 255 259 264 268 272 Greenacres 31,270 31,696 31,992 32,300 32,438 32,579 33,035 33,653 34,292 34,951 35,632 Gulfstream 736 741 743 746 748 756 792 841 900 961 1,025 Haverhill 1,501 1,518 1,534 1,549 1,562 1,582 1,614 1,637 1,660 1,778 1,808 Highland Beach 4,157 4,200 4,216 4,231 4,244 4,263 4,315 4,381 4,458 4,533 4,609 Hypoluxo 2,459 2,464 2,517 2,517 2,517 2,522 2,563 2,618 2,686 2,756 2,829 Juno Beach 3,651 3,709 3,720 3,730 3,741 3,758 3,804 3,861 3,924 3,987 4,052 Jupiter 48,269 50,273 52,549 54,849 56,988 59,483 61,439 62,704 64,008 65,323 66,656 Jupiter Inlet Beach 373 375 377 378 378 379 381 385 389 393 398 Lake Clarke Shores 3,466 3,473 3,475 3,480 3,484 3,491 3,505 3,518 3,531 3,545 3,559 Lake Park 9,113 9,117 9,129 9,143 9,153 9,166 9,220 9,285 9,362 9,441 9,524 Lake Worth 36,040 36,230 36,789 37,093 37,238 37,452 37,953 38,563 39,273 39,995 40,731 Lantana 9,574 10,242 10,316 10,252 10,284 10,303 10,379 10,482 10,604 10,730 10,860 Manalapan 355 381 387 393 397 404 413 423 432 440 449 Mangonia Park 2,527 2,543 2,546 2,546 2,548 2,555 2,589 2,632 2,686 2,740 2,795 North Palm Beach 12,553 12,607 12,646 12,656 12,656 12,666 12,749 12,859 12,994 13,134 13,281 Ocean Ridge 1,654 1,670 1,696 1,720 1,743 1,777 1,826 1,881 1,940 2,000 2,058 Pahokee 6,277 6,355 6,448 6,544 6,640 6,788 7,095 7,344 7,624 7,910 8,204 67 TABLE 4. PALM BEACH COUNTY POPULATION PROJECTIONS BY MUNICIPALITY, 2000-2015, CONT. JURISDICTION 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Palm Beach 9,735 9,810 9,871 9,890 9,908 9,946 10,083 10,262 1 0,471 10,687 1 0,907 Palm Beach Gardens 45,584 48,136 50,686 52,884 55,116 58,347 60,631 63,155 6 5,229 67,349 6 9,495 Palm Beach Shores 1,383 1,386 1,389 1,392 1,395 1,400 1,419 1,442 1 ,471 1,500 1 ,529 Palm Springs 13,850 14,137 14,357 14,643 14,783 14,806 14,899 15,027 1 5,184 15,346 1 5,513 Riviera Beach 33,265 34,094 35,056 36,332 37,465 39,017 40,549 42,262 4 3,354 44,471 4 5,601 Royal Palm Beach 29,845 30,466 30,958 31,336 31,688 31,780 32,166 32,654 3 3,248 33,861 3 4,494 South Bay 4,092 4,151 4,207 4,341 4,475 4,664 4,895 5,148 5 ,423 5,702 5 ,986 South Palm Beach 1,529 1,529 1,529 1,529 1,529 1,530 1,538 1,548 1 ,561 1,575 1 ,589 Tequesta 5,686 5,752 5,768 5,779 5,792 5,805 5,861 5,931 6 ,017 6,105 6 ,195 Wellington 53,429 57,423 59,613 60,589 61,596 62,903 64,534 65,790 6 7,270 68,794 68,794 7 0,352 West Palm Beach 101,111 103,192 106,121 109,498 115,219 119,317 123,079 126,918 1 30,805 134,438 1 38,340 TOTAL COUNTY 1,265,955 1,296,180 1,326,460 1,356,740 1,387,020 1,417,300 1,445,060 1,472,820 1,500,580 1,528,340 1,556,100 Source: Palm Beach County PZ&B, Population Allocation Model 2005 68 TABLE 5. PALM BEACH COUNTY 2005 MUNICIPAL AD VALOREM TAX PROFILES Municipal Government Levies 2005 Per Capita Per Capita Per Capita Population Assessed Assessed Taxable Taxable Operating Total Total Municipality Estimates Value Value Value Value Millage Taxes Levied Taxes Levied Atlantis 2 ,151 529,049,359 245,955 431,802,173 200,745 6.4083 2,767,117 1,286 Belle Glade 1 4,994 469,768,062 31,330 262,727,994 17,522 9.4100 2,472,270 165 Boca Raton 8 5,311 21,961,292,300 257,426 16,624,249,945 194,866 3.3600 55,857,479 655 Boynton Beach 6 5,601 6,147,670,940 9 3,713 4,224,788,931 64,401 7.5000 3 1,685,916 483 Briny Breezes 4 17 42,942,925 102,981 34,551,988 82,858 3.2992 113,993 273 Cloud Lake 1 67 8,766,468 52,494 6,014,988 36,018 NO MILLAGE REPORTED -Delray Beach 6 3,888 8,824,861,268 138,130 6,451,499,363 100,981 7.4500 48,063,670 752 Glen Ridge 2 73 24,493,827 89,721 15,424,663 56,501 NO MILLAGE REPORTED -Golf 2 31 184,545,971 798,900 137,252,799 594,168 6.5818 903,370 3,911 Greenacres 3 1,270 2,245,694,407 2,245,694,407 71,816 1,549,989,162 49,568 5.5735 8,638,864 276 Gulf Stream 7 36 719,183,345 977,151 588,223,094 799,216 3.1726 1,866,196 2,536 Haverhill 1 ,501 115,068,808 76,661 71,608,646 47,707 4.7854 342,676 228 Highland Beach 4 ,157 2,213,968,392 532,588 1,875,187,592 451,092 3.5921 6,735,861 1,620 Hypoluxo 2 ,459 440,759,933 179,244 344,526,256 140,108 2.6500 912,994 371 Juno Beach 3 ,596 1,252,066,692 348,183 992,737,398 276,067 3.4000 3,375,307 939 Jupiter 4 8,269 9,217,452,965 190,960 6,951,429,336 144,014 2.6195 18,209,269 377 Jupiter Inlet Colony 3 73 298,505,430 800,283 212,516,798 569,750 4.2000 892,570 2,393 Lake Clarke Shores 3 ,466 382,572,183 110,379 215,447,165 62,160 5.3164 1,145,403 330 Lake Park 9 ,113 674,541,510 74,020 516,917,894 56,723 8.2000 4,238,726 465 Lake Worth 3 6,040 2,371,545,226 65,803 1,528,643,814 42,415 8.4000 12,840,608 356 Lantana 9 ,574 1,113,932,752 116,350 744,718,243 77,785 7.3318 5,460,125 570 Manalapan 3 55 814,840,279 2,295,325 749,357,272 2,110,866 3.5322 2,646,879 7,456 Mangonia Park 2 ,527 182,170,691 72,090 155,095,596 61,375 9.4000 1,457,898 577 North Palm Beach 1 2,553 2,436,931,593 194,131 1,661,199,249 132,335 6.8000 11,296,154 900 Ocean Ridge 1 ,654 862,894,966 521,702 677,309,632 409,498 4.7500 3,217,220 1,945 Pahokee 6 ,277 185,492,173 29,551 80,784,692 12,870 3.9080 315,706 50 Palm Beach 9 ,735 13,014,644,398 1,336,892 10,375,313,831 1,065,774 3.9080 40,546,726 4,165 Palm Beach Gardens 4 5,584 8,944,653,001 196,224 7,170,109,664 157,294 5.7080 40,926,985 898 Palm Beach Shores 1 ,383 565,836,424 409,137 499,406,661 361,104 6.3500 3,171,232 2,293 Palm Springs 1 3,850 871,400,049 62,917 562,968,596 40,648 4.7714 2,686,148 194 Riviera Beach 3 3,265 4,017,944,559 120,786 2,936,045,626 88,262 9.0000 26,424,410 794 Royal Palm Beach 2 9,845 2,975,878,769 99,711 2,099,401,996 70,344 2.5900 5,437,451 182 South Bay 4 ,092 116,126,956 28,379 48,658,531 11,891 9.2889 451,984 110 South Palm Beach 1 ,529 426,514,914 278,950 333,947,001 218,409 6.5000 2,170,655 1,420 Tequesta 5 ,686 1,183,313,524 208,110 825,406,187 145,165 6.4980 5,363,489 943 Wellington 5 3,429 7,586,862,574 141,999 5,621,675,282 105,218 2.7000 15,178,523 284 West Palm Beach 1 01,111 12,823,547,761 126,826 9,304,210,060 92,020 7.9000 73,503,259 727 Statewide: 7 06,462 $ 116,247,735,394 $ 1 64,549 $ 86,881,148,118 $ 122,981 $ 441,317,133 $ 625 Source: Florida Legislative Committee on IntergovernmentalRelations Municipal Assessed and Taxable Values 69