here - City of Boynton Beach
Transcription
here - City of Boynton Beach
2 0 1 3 THEDEVELOPMENTATLAS OF THECI TYOFBOYNTON BEACH De pa r t me ntofDe ve l opme nt Di vi s i onofPl a nni nga ndZoni ng Table of Contents City Boundaries Map Part 1 – Demographic Trends I - The population growth II - Demographic profiles: City and its four sectors 1. Racial and ethnic characteristics 2. Median age, and age distribution 3. Household composition 4. Education 5. Population mobility and foreign-born residents 6. Household income characteristics Summary of Sector Characteristics Part 1 Maps • • • • • • • • • Nonwhites as percent of population in 2010 by census tract numbers Blacks/African Americans as percent of population in 2010 by census tract numbers Hispanics/Latino as percent of population in 2010 by census tract numbers Haitian population in 2000 by census tract numbers Haitian population 2007-2011 Median Age of population and percent of persons 65 and older by census tract Median household income in 2008 by census tract Average household size and percent of one person household in 2010 by census tract Median household income 2007-2011 by census tract numbers Part 2 – Housing and Residential Development I Changing Stock characteristics and construction activity 1. Existing housing 2. Trends in new construction II Trends in housing values 1. A look at housing values in City and its sectors 2. Housing values as reflected by City tax roll 3. Residential sales III Vacant residential land Part 2 Maps • Owner occupied housing as percent of all occupied unites in 2010 by census tract numbers • Units for seasonal/recreational or occasional use as percent of all units in 2010, by census tract • Median value of owner occupied housing, 2007-2011 by census tract numbers Part 3 – Economy and Commercial Development I Location advantages II Real property tax base 1. A regional picture 2. The City’s real property tax base III New commercial development 1. Palm Beach County commercial markets overview 2. Commercial approvals IV Vacant land V Boynton’s industry and labor force profiles 1. 2. The industry profiles The Boynton’s workforce profile Appendix A – Boynton Beach Census Geography 2010 and Sector Boundaries City of Boynton Beach Census Tracts 2010 City of Boynton Beach Census Tracts 2010 with sector boundaries Appendix B – Demographic Data Table 1 – Population Profile, Census 2010 Table 2 – Profile of Social Characteristics: 2009-2011 Table 3 – Population Trends and Projections Table 4 – Population Changes by Census Tract, 2000-2010 Table 5 – Population Age Distribution by Census Tract, 2010 Table 6 – Race and Hispanics by Census Tract, 2010 Table 7 – Household Characteristics by Census Tract, 2010 Table 8 – Household Income Distribution by Census Tract, 2008 Table 9 – Educational Attainment by Census Tract, 2008 Table 10 – Haitian Population by Census Tract, 2000 Appendix C – Housing Data Table 1 – Boynton Beach Housing Profile: Census 2010 and American Community Survey 2009-2011 Table 2 – Boynton Beach Housing Inventory, 2012 Table 3 – Changes in Housing Stock by Census tract, 2000-2010 Table 4 – Changes in Tenancy Status by Census Tract, 2000-2010 Table 5 – Changes in Housing Occupancy by Census Tract, 2000-2010 Table 6 – Value Distribution of Owner Occupied Units by Census Tract, 2008 Table 6A – Value Distribution of Owner Occupied Units, ACS 2007-2011 Table 7 – Residential Building Permits, 1991-2012 Appendix D – Commercial Development and Economic Data Table 1 – Boynton Beach Economic Profile, 2009-2011 Table 2 – Changes inn City’s Taxable Value of Residential, Commercial and Industrial Land Uses, 2000-2012 Table 3 – Commercial and Industrial Permit Values, 1992-2012 Table 4 – New Commercial and Industrial Project Approvals, 2003-2012 Appendix E – Selected County Data Table 1 – Palm Beach County Profile of Selected Demographic, Housing and Economic Characteristics, American Community Survey, 2009-2011 Table 2 – Selective Comparative 2012 Statistics for Boynton Beach, Delray Beach and Boca Raton Table 3 – Population Changes in Palm Beach County Municipalities, 1990-2010 CITY OF BOYNTON BEACH LAW RENC E RD HYPOLUXO RD LAW RENC E RD N FEDE RA L HW Y GATEWAY BLVD N SEACR EST BLVD OLD BOYNTON RD BOYNTON BEACH BLVD S SEACREST BLVD N CONGR ESS AVE NW 22N D AVE S FEDERAL HWY FEC rs ta te I -9 5 SW 23RD AVE I n te GOLF RD WOOLBRIGHT RD 0 500 1,000 5 2,000 3,000 4,000 Feet VD N OCEAN BL S CONGRESS AVE GATEW AY BLVD HIGH RIDG E RD MINER RD Par t1of3 THEDEVELOPMENTATLASOF BOYNTON BEACH De par t me ntofDe ve l opme nt Di vi s i onofPl anni ngandZoni ng De mogr a phi cTr e nds I. THE POPULATION GROWTH The population of the City of Boynton Beach grew rapidly, at the average annual rate of 6.3%, throughout the 1960’s and 1970’s. The growth rate decreased in the 1980’s and 1990’s, but remained at a fairly high level of 2.7% until the year 2000. During the last ten years (2000-2010), the growth rate for the city slowed even more, to an average annual rate of 1.23%. It is notable that the city is nearing buildout, but this deceleration in growth is a trend in both the state and the Palm Beach County. Severe recession combined with high unemployment and sharp downturn in the housing markets nationwide has stalled population influx to Florida. Average Annual Growth Rates, 1960-2010 7.00% 6.00% 5.00% 4.00% 3.00% 2.00% 1.00% 0.00% 1960/70 1970/80 1980/90 1990/00 2000/10 Boynton Beach 5.64% 7.00% 2.65% 2.70% 1.23% Palm Beach County 4.34% 5.15% 4.12% 2.74% 1.56% BOYNTON BEACH POPULATION GROWTH 69,000 66,000 63,000 60,000 57,000 54,000 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Population 60,389 61,816 62,847 64,593 65,208 65,601 67,071 66,872 66,671 66,978 68,217 68,409 68,741 Source: US CENSUS for 1960, 1970, 1980, 1990, 2000 and 2010. University of Florida, Bureau of Economic and Business Research for 2001-2009 and 2011-2012. 1 The Palm Beach County population projections for the City have been adjusted downwards in 2013 to reflect the results of the Census 2010 and new BEBR county-level projections. Boynton Beach Population Projections 90,000 85,000 80,000 75,000 70,000 65,000 60,000 2010 2015 2020 2025 2030 PB County projections 11/11 68,217 72,336 76,603 82,172 86,595 PB County revisions 5/13 68,217 71,752 76,144 79,703 83,901 Source: Census 2010, Palm Beach County Planning Division, Population Allocation Model and University of Florida, Bureau of Economic and Business Research. The impacts of the recession and housing crisis can also be linked to the changes in the population growth components in Palm Beach County. The net domestic migration, a leading component of growth between 2000 and 2004, turned negative between 2005 and 2007, while net international migration experienced only a small decline. While domestic migration growth was again positive in the 2008 – 2009 period, international migration is presently a primary source of population growth in the county. 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, when the share of Whites in the total population was nearly 78%: the 2010 Census shows this share down at 62%. At the same time, the number of African Americans and Blacks increased by 122%, more than twice as much as the total population; they now constitute over 30% of all the City’s residents. This group includes a growing Boynton Beach Haitian community. The 2000 Census reported 4,009 Haitians living in the City; although the 2010 Census data does not include information on the number of persons of Haitian origin, the 2007-2011 American Community Survey estimates this number to be about 9,160. 1 See sector’s map in Appendix A 2 Population of Boynton Beach: Racial Composition 2010 2000 0% 40% 20% 60% White American Indian/Alaska Native Native Hawaiian/Pacific Islander Two or more Races 80% 100% Black/African American Asian Other Race Source: Census 2000 and 2010 TABLE 1. Changes in race and ethnic origin, 1990-2000 and 2000- 2010 Total Population White Alone Black/ Afr. American Alone Am. Indian/ Alaskan Native Alone Asian Alone Nat. Hawiian/ Other Race Pacific Isl. Alone Alone Two or More Races Hispanic/ Latino (any race) 3,124 1990 Census 46,284 35,912 9,296 52 279 11 644 X as % of total 100.0% 77.7% 20.1% 0.1% 0.6% 0.0% 1.4% X 6.8% 2000 Census 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% 2010 Census 68,217 42,599 20,646 196 1,473 26 1,777 1,500 8,702 as % of total 100.0% 62.4% 30.3% 0.3% 2.2% 0.0% 2.6% 2.2% 12.8% 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 2000/2010 Change 112 6,824 63 555 -4 349 -71 3,138 % Change 13.0% 0.3% Source: Census 1990, 2000, and 2010 7,828 49.4% 47.4% 60.5% -13.3% 24.4% -4.5% 56.4% Another strong ongoing trend is the increase of the Hispanic population. According to the 2010 Census, the number of Hispanics grew by 2,440 persons, and the share of this ethnic group in the total population increased from 9.2% in 2000 to 12.8% in 2010. The racial composition of each of the four sectors of the city (Northeast, Southeast, Northwest and Southwest) is shown on the following page. 3 Sectors' Population by Race, 2010 Sectors SW NW SE NE 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% White Black/African American American Indian/Alaska Native Asian Native Hawaiian/Pacific Islander Other Race Two or more Races Source: Census 2010 Table 2: Hispanic and Haitian population by sector Percent of Hispanics in total population Sector Southeast Northeast Northwest Southwest City Source: Census 2000 and 2010 2000 2010 8.8% 12.4% 9.5% 6.0% 9.2% 12.4% 12.6% 15.6% 9.6% 12.8% Percent of Haitians in total population 2000 10.7% 9.2% 2.7% 4.8% 6.6% The Northwest sector has the highest concentration of Hispanics; Table 2 shows a significant increase in the share of the Hispanic population in this sector between 2000 and 2010. No sector-level data is available on the current distribution of the Haitian population, but the map at the end of this section shows a census-tract level distribution (for tracts at least partially within Boynton Beach). 2. Median Age and Age Distribution The median age for the City’s population remains at 41.9 years, essentially unchanged from 41.8 registered by the 2000 Census. However, there have been significant changes in age distribution, as shown in Table 3. 4 TABLE 3. Changes in age distribution, 1990-2010 1990 Number Total Population Under 5 years 5 to 9 years 10 to 14 years 15 to 24 years 25 to 34 years 35 to 44 years 45 to 54 years 55 to 64 years 65 to 74 years 75 to 84 years 85 years and over Under 18 years 65 years and older Median Age 2000 2010 Change 2000-2010 Percentage Number Percentage Number Percentage Number Percentage 46,194 2,695 2,373 2,049 4,584 7,057 5,487 3,680 4,272 6,527 6,044 1,426 9,005 13,997 42.5 100% 5.8% 5.1% 4.4% 9.9% 15.3% 11.9% 8.0% 9.2% 14.1% 13.1% 3.1% 19.5% 30.3% 60,389 3,461 3,413 3,315 5,677 8,056 8,938 6,672 5,277 6,619 6,093 2,868 11,990 15,580 41.8 100% 5.7% 5.7% 5.5% 9.4% 13.3% 14.8% 11.0% 8.7% 11.0% 10.1% 4.7% 19.9% 25.8% 68,217 3,924 3,557 3,529 7,579 9,293 9,018 9,230 7,520 6,270 5,498 2,799 13,150 14,567 41.9 100% 5.8% 5.2% 5.2% 11.1% 13.6% 13.2% 13.5% 11.0% 9.2% 8.1% 4.1% 19.3% 21.4% 7,828 463 144 214 1,902 1,237 80 2,558 2,243 (349) (595) (69) 1,160 (1,013) 13% 13% 4% 6% 34% 15% 1% 38% 43% -5% -10% -2% 10% -7% Source: Census 1990, 2000 and 2010 • • • The share of persons over 65 in the total population continues to decrease, falling from 25.8% in the year 2000 to 21.4% in 2010. The number of persons in this age group dropped by 7% over the last ten years. Given the above trend, the virtually unchanged 2010 median age of the city’s residents is due mainly to a significant growth of the 45-to-64 age group. In the meanwhile, the “under 18” category grew slower than the population as a whole. The 34% growth of the 15-to-24 age cohort (and the associated increase of its share in the total population) may potentially be explained by unemployed young adults staying (or moving back) with their parents. A more detail breakdown shows a 41% increase in the 20-to-24 group, supporting this assumption. Table 4 shows significant differences in age distribution in the four sectors. TABLE 4. Age distribution and median age by sector, 2010 Sector Southeast Northeast Northwest Southwest City % 65 and Over 23.5% 15.4% 12.3% 36.5% 21.4% % Under 18 17.7% 24.1% 20.4% 14.9% 19.3% Median Age 43.7 36.4 36.2 52.9 41.9 Source: Census 2010 3. Household Composition Over the last decade, the two main trends in a household composition in the City were a shrinking percentage of married-couple families (especially those with children) and an increasing share of one-person households.. 5 • • The share of married-couple family households in all households fell from 45.4% to 39%. The share of those with own children under 18 decreased from 14.6% to 13%. The share of one-person households rose from 33% to 34% (it was 30% in 1990). About 46% of these householders are 65 or older. Between 2000 and 2010, the average household size increased slightly, from 2.26 to 2.31 persons, possibly due to the recession-related doubling up of households. Table 5 contains the update on household information for each sector. TABLE 5. Household composition by sector, 2010 Sector Southeast Northeast Northwest Southwest City Number of Number of Households Households 2000 2010 5,988 5,667 7,158 7,649 26,462 Average Household Size, 2000 Average Household Size, 2010 % 1-Person Households 2010 % Married Couples w/ own Children under 18 2010 2.13 2.65 2.24 1.96 2.26 2.22 2.76 2.30 2.08 2.31 39.8% 30.5% 31.4% 35.7% 34.3% 11.5% 12.8% 17.5% 9.2% 13.0% 6,531 5,386 9,282 7,905 29,104 Source: Census 2000 and 2010 4. Education Education of the population continues to improve. The overall percentage of population 25 years of age and over with an associate or higher degree increased from 28.5% in 2000 to 34.2% (based on the 2007-2011 American Community Surveys). Some 55% of the City’s population age 25 or older has at least some education above high school, up from 51% in 2000. TABLE 6. Educational attainment, population 25 years and over, 2007-2011 Educational Attainment Less than 9th grade 9th to 12th grade, no diploma High school graduate (inc. equivalency) Some college, no degree Associate degree Bachelor's degree Graduate or professional degree High school graduate or higher Bachelor's degree or higher Palm Beach County High school graduate or higher, 2000 Bachelor's degree or higher, 2000 Boca Raton Delray Beach West Palm Beach 5.8% 7.1% 26.6% 20.6% 7.7% 20.3% 11.9% 83.7% 27.9% 2.2% 3.5% 18.0% 17.7% 8.0% 30.0% 20.6% 94.4% 55.3% 6.3% 8.9% 27.8% 22.8% 8.6% 16.9% 8.7% 83.5% 22.6% 7.7% 7.1% 21.5% 21.1% 7.6% 23.8% 11.1% 85.1% 34.8% 8.8% 7.7% 25.1% 21.5% 7.0% 18.8% 11.1% 83.5% 29.9% 83.6% 27.7% 92.0% 44.2% 80.5% 20.7% 81.0% 29.3% 75.5% 26.9% Source: American Community Survey, Census 2000 and pooled samples 2007-2011 6 Boynton Beach Also, the American Community Survey’s 2009-2011 estimates show an improvement over the 2000 figures in the educational attainment of the Boynton Beach population as compared to that of three other largest municipalities in Palm Beach County and the County as a whole. The lag declined but it remains significant in the “Bachelor’s Degree or Higher” category with respect to both the County’s level overall and the level achieved in the three comparison municipalities. Boca Raton continues to lead with a major higher educational institution, Florida Atlantic University, within its borders. IMPROVEMENT IN EDUCATIONAL ATTAINMENT: POPULATION 25 YEARS AND OVER 5. Population Mobility and Foreign-Born Residents The data in Table 7 demonstrates a high mobility of the City’s population, a characteristic generally shared with population of the County, the state of Florida, and 7 also with the nation as a whole. Approximately 17.5% of persons at least one year old relocated within County during the last year. TABLE 7. Geographic mobility: past year by selected characteristics, 2007-2011 MOVED from TOTAL Population 1 year and over RACE AND HISPANIC OR LATINO ORIGIN One race White Black or African American American Indian and Alaska Native Asian Native Hawaiian and Other Pacific Islander Some other race Two or more races Hispanic or Latino origin (of any race) White alone, not Hispanic or Latino CITIZENSHIP STATUS Native Foreign born Naturalized U.S. citizen Not a U.S. citizen same county different county different state abroad 66,866 10.90% 2.10% 3.20% 1.30% 66,252 42,113 20,232 98 1,364 24 2,421 614 8,160 36,986 11.00% 9.70% 12.40% 0.00% 13.70% 0.00% 19.10% 7.00% 12.00% 9.90% 2.10% 2.60% 1.40% 0.00% 2.60% 0.00% 1.00% 0.00% 2.60% 2.50% 3.10% 3.40% 1.80% 9.20% 6.20% 0.00% 7.40% 6.50% 3.70% 3.70% 1.30% 0.40% 3.30% 0.00% 2.00% 0.00% 0.50% 0.00% 0.40% 0.40% 50,996 15,870 7,257 8,613 11.20% 10.20% 7.90% 12.00% 2.50% 1.00% 1.00% 1.00% 3.70% 1.60% 1.40% 1.80% 0.10% 5.00% 2.00% 7.50% Source: American Community Survey, 2007-2011 TABLE 8. Foreign-born population: Palm Beach County and its four largest cities, 2007-2011 Palm Beach County Boynton Beach Boca Raton Delray Beach West Palm Beach Total foreign-born population as % of the 2010 population 289,118 21.9% 15,874 23.3% 15,403 18.3% 13,231 21.9% 26,731 26.8% Year of entry 2000 or later Naturalized citizen Not a citizen 94,350 9.8% 90.2% 5,447 14.7% 85.3% 3,604 10.1% 89.9% 4,847 7.8% 92.2% 10,506 7.2% 92.8% Year of entry 1990 to 1999 Naturalized citizen Not a citizen 78,611 39.1% 60.9% 4,092 49.8% 50.2% 4,300 51.4% 48.6% 3,363 38.6% 61.4% 6,950 34.1% 65.9% Year of entry 1980 to 1989 Naturalized citizen Not a citizen 51,910 61.3% 38.7% 3,045 57.6% 42.4% 2,919 66.9% 33.1% 2,427 50.0% 50.0% 4,150 67.7% 32.3% Year of entry before 1980 Naturalized citizen Not a citizen 64,247 85.2% 14.8% 3,290 81.1% 18.9% 4,580 87.2% 12.8% 2,594 85.7% 14.3% 5,125 84.6% 15.4% Source: American Community Survey, 2007-2011 8 Some 25% of city residents are foreign-born, higher that 22% in the County as a whole; approximately 43% are naturalized citizens. The percentage of naturalized citizens 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. The two largest groups of foreign-born residents in the City are Hispanics and Haitians. The total number of Hispanics, including both “foreign-born” persons and those born in the U.S, is captured by the Census 2010, at 8,702 (see Table 1); the number of Haitians is estimated by the American Community Survey 2007-2011 to be about 8,734. Proficiency in English is an important factor in assimilation and the successful entry into the job market. Table 9 indicates the ability to speak English by age: TABLE 9. Ability to speak English by population 5 years and over: Boynton Beach and Palm Beach County, 2007-2011 Boynton Beach ABILITY TO SPEAK ENGLISH Palm Beach County Number Percent Number Percent 1,228,545 63,917 197,071 100.0% 8,790 100.0% Population 5 to 17 years: 138,573 70.3% Speak only English 5,443 61.9% 5.3% 3,814 1.9% 463 Speak English not well or not at all 752,915 100.0% Population 18 to 64 years: 39,957 100.0% 67.1% 522,278 69.4% Speak only English 26,796 8.3% 7.5% 62,272 Speak English not well or not at all 2,982 278,559 100.0% 15,170 100.0% Population 65 years and over: 85.8% 237,541 85.3% Speak only English 13,021 12,055 4.3% Speak English not well or not at all 498 3.3% 78,141 6.4% 3,943 6.2% TOTAL, SPEAK ENGLISH NOT WELL/NOT AT ALL POPULATION 5 YEARS OF AGE OR OVER ABILITY TO SPEAK ENGLISH BY SPANISH SPEAKERS Speak Spanish, 5 years of age or over Population 5 to 17 years: of which speak Spanish: of which speak English not well or not at all Population 18 to 64 years: of which speak Spanish: of which speak English not well or not at all Population 65 years and over: of which speak Spanish: of which speak English not well or not at all 7,363 8,790 1,361 115 39,957 5,282 1,240 15,170 719 264 100.0% 15.5% 8.4% 100.0% 13.2% 23.5% 100.0% 4.7% 36.7% TOTAL, SPANISH SPEAKERS SPEAKING ENGLISH NOT WELL OR NOT AT ALL 1,619 22.0% 192,735 197,071 100.0% 36,843 18.7% 7.2% 2,642 752,915 100.0% 138,477 18.4% 46,537 33.6% 278,559 100.0% 17,415 6.3% 7,558 43.4% 56,737 29.4% Source: American Community Survey, 2007-2011 Generally, the percentage of population with low proficiency in English (6.2%) was comparable with that in the County as a whole (6.4%). However, among Spanish speakers, more that one fifth speaks English “not well” or “not at all” and nearly 30% in 9 the County as a whole report low English proficiency. Those percentages are particularly high in the 18- to 64 age group, a significant issue for people in the workforce. A percentage of Haitians with a low command of English can only be estimated using the American Community Survey’s “other Indo-European” language category, which includes Creole. Approximately one-fifth of the 10,746 persons speaking a language included in this category speaks English “not well” or “not at all,” which is comparable with the Spanish-speaking group. 6. Household Income Characteristics TABLE 10. Household income characteristics for Palm Beach County and the four largest municipalities, 2007-2011 Median household income Palm Beach County $52,951 % Households with income $50K and over % of households w/earnings Mean earnings % of households w/Social Security Income Mean Social Security income 52.8% 70.4% $78,617 37.7% $18,318 $45,156 46.1% 70.0% $60,976 38.2% $16,988 % of households w/retirement income Mean retirement income 18.1% $27,160 16.5% $23,699 13.3% 15.1% % of all people with income below poverty level in the last 12 months Boynton Beach Boca Raton Delray Beach West Palm Beach $71,414 $49,823 $45,806 63.9% 75.7% $105,834 32.9% $19,489 50.0% 69.4% $81,387 37.6% $16,864 45.9% 75.6% $70,193 28.3% $16,325 15.3% $34,243 17.9% $26,146 13.7% $23,041 10.6% 13.9% 18.8% Source: American Community Survey 2007-2011 Generally, during the 2007-2011 period: • • • The Boynton Beach median household income continued to lag behind the countywide median income and that of three other municipalities. The City had a slightly higher percentage of households in which at least one member collected Social Security income than both the County as a whole and all other 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. The American Community Survey one-year estimates, though not as accurate as those based on surveys over a five-year period, clearly show a recession-based decline in the median household income in the city, from $48,892 in 2007 to $41,769 in 2011; mean earnings also fell, from $64,030 to $57,953. However, one-year estimates also indicate that both median household income and earnings inched up between 2010 and 2011. 10 Geography of household income distribution For census tracks truncated by the City boundary, the American Community Survey no longer provides two separate figures (for the part of the track within and the part outside the City). Therefore, the map of household income distribution in 2006-2010 (see the end of this section) shows all census tracts that are at least partly within the City. For the same reason, the 2008 income estimates in Table 11 could not be revised. Still, they remain a good approximation of the differences among the four City sectors. TABLE 11. Median household income by sector, 2008 Sectors Southeast Northeast Northwest Southwest City Number of Households 6,327 6,016 8,876 8,403 29,622 % w/ Income < $25K 26.1% 31.1% 17.8% 22.6% 23.6% % w/ Income > $75K 20.2% 16.2% 25.6% 26.2% 22.7% Median Income $ $ $ $ $ 43,513 37,678 52,056 46,906 46,209 Source: Claritas, Inc., 2008 estimates SUMMARY OF SECTOR CHARACTERISTICS The following section summarizes the basic socio-economic characteristics of the population residing within each of the four sectors. NORTHEAST SECTOR: • The sector has the second youngest population of all sectors (median age 36.4), and the highest percentage of residents under 18 years of age (24.1%). It also has the highest average household size (2.76) and the lowest percentage of one-person households (30.5%). • The non-whites account for the highest share of population (approximately 67%) among the four sectors. In 2000, the sector had the second highest concentration of Haitians (9.2% of the population). It is also home to a sizeable Hispanic community: 12.6% of its residents are of Hispanic/Latino origin. • In 2008, the sector’s population had the lowest median household income ($37,678); about 31% of households had incomes below $25,000, and only 16.2% had incomes of $75,000 or more. In 2010, the sector’s best faring census tract had a median income of only $37,810; its two poorest ones had median incomes between $29,000 and $30,000. SOUTHEAST SECTOR • The two chief demographic characteristics of this sector are the high concentration of the elderly (people 65 years of age and over comprise about 24.5% of all residents) and the highest share of people living alone, who make up nearly 40% of all households. 11 • The population is 68% white and 28% Black/African American. Part of the latter group is a large Haitian community – in 2000, Haitians constituted nearly 11% of the sector’s residents, the highest percentage among all sectors. The share of Hispanics in the sector’s population is 12.4%. • In 2008, the Southeast sector had the second lowest median household income of $43,513; 26.1% of households had annual incomes of less than $25,000 and only one-fifth incomes over $75,000. In 2010, its poorest census tract, 62.03, was also the poorest in the City, with a median household income of $28,813. NORTHWEST SECTOR • The Northwest is the sector of young families: it has the highest percentage of married couples with children under 18 (17.5%), as compared with 13.0% for the city as a whole. Its median age is 36.2, the lowest of all sectors. • The sector’s residents are predominantly white; of all sectors, it has the lowest percentage (27%) of non-white persons (including is a sizeable Asian population of 882 people). The sector is home to the largest Hispanic community of 3,375 residents; Hispanics constitute 15.6% of the area’s population, up from 9.5% in 2000. • In 2008, the Northwest sector’s median household income ranked the highest at $52,056. The sector had the lowest incidence of households with income below $25,000 (17.8%), as well as the second highest number of households with income surpassing $75,000 (25.6%). In 2010, three of the sector’s census tracts comprising 57% of its population had estimated median incomes between $55,000 and $63,000. SOUTHWEST SECTOR • . • • The Southwest sector has by far the oldest population in the city. Its median age is 52.9 as compared to 41.9 citywide; people aged 65 and over make up 36.5% of all residents. The incidence of one-person household is the second highest at 35.7%, and only 9.2% of all households are married couples with own children. The Southwest sector has a low percentage (29%) of non-white persons. It has a small Hispanic population; 35% of Hispanics reside in tract 60.10, where they comprise about 15% of the population. In 2008, the sector had a second highest median household income at $46,906, and the highest percentage of households with incomes over $75,000 (26.2%). In 2010, two of the sector’s census tracts wholly contained within the City’s boundary had a median income at about $59,000. These tracts, 60.10 and 66.03, represented 41% of the sector’s population. 12 Pa r t1Ma ps NON-WHITES AS PERCENT OF POPULATION IN 2010 BY CENSUS TRACT NUMBERS HYPOLUXO RD NW 22ND AVE GATEWAY BLVD 58.10 57.02 N CONGRESS AVE 58.12 60.12 S CONGRESS AVE 60.08 BOYNTON BEACH BLVD 60.09 60.10 62.01 62.02 WOOLBRIGHT RD 62.03 60.05 SW 23RD AVE VD N OCEAN BL GOLF RD 61.00 OLD BOYNTON RD 60.07 N FEDER AL HW Y 58.08 57.01 GATEWAY BLVD S FEDERAL HW Y 58.13 N SEACREST BLVD LAWRENCE RD MINER RD HIGH RIDGE RD 58.17 58.11 56.01 58.16 S SEACREST BLVD LAWRENCE RD 58.17 54.11 66.02 FEC Inte 66.03 rsta te I -95 63.00 Legend Non-Whites as % of Population Citywide percentage of Non-Whites: 37.6% Source: Census 2010 2. 5% 42 .3 1 -7 2. 3% -4 1 29 .1 19 .1 1 -2 9. 1% 1% -1 9. 9. 31 0. 9 -9 .3 % 0 ® 875 1,750 3,500 5,250 7,000 Feet High Ridge Rd BLACKS/AFRICAN AMERICANS AS PERCENT OF POPULATION IN 2010 BY CENSUS TRACT NUMBERS 58.17 58.16 58.17 56.01 E Gat eway Gateway Blvd 57.02 58.12 61.00 60.12 Old Boynton Rd Blvd W Boynton Beach 60.10 Woolbright Rd 60.05 SE 23rd Ave 66.02 63.00 54.11 Hw y IN TE RS TA TE S.Congress Ave 66.03 62.02 62.03 95 60.08 62.01 S. F ede ra l 60.07 60.09 Ocean Ave Blvd 58.10 Blvd N Ocea n 58.11 57.01 58.08 58.13 N. Federal Hwy Lawrence Rd Miner Rd Legend Blacks/African Americans as % of Population -6 8. 5% 34 .5 1 -3 4. 5% 24 .5 1 -2 4. 5% 6. 5% 16 .5 1 -1 6. 51 0 -6 .5 % 0 Citywide percentage of Blacks/African Americans: 30.3% Source: Census 2010 875 1,750 ® 3,500 5,250 7,000 Feet HISPANICS/LATINO AS PERCENT OF POPULATION IN 2010 High Ridge Rd BY CENSUS TRACT NUMBERS E Gatew a Gateway Blvd 57.02 58.12 61.00 60.12 Old Boynton Rd h Blvd W Boynton Beac 60.07 60.09 E Ocean Ave 60.10 62.01 Woolbright Rd Legend Hispanics/Latino as % of Population 62.02 62.03 60.05 INT ERS TAT E9 5 SE 23rd Ave 63.00 54.11 66.02 NE 2nd Ave 66.03 S Congress Ave 60.08 y Blvd 27 % 18 .1 - 18 % 12 .1 - 2% 8. 11 08% 0 Citywide percentage of Hispanics/lLatinos: 12.8% Source: Census 2010 Blvd 58.10 57.01 58.08 58.13 N Ocea n 58.11 Miner Rd N Fede ral Hwy 58.17 56.01 58.16 S Federal Hw y Lawrence Rd 58.17 875 1,750 ® 3,500 5,250 7,000 Feet CONGRESS AVE S MILITARY TRL HAITIAN POPULATION IN 2000 BY CENSUS TRACT NUMBERS HYPOLUXO RD 58.09 N FE DE R GATE WAY BLVD 57.02 N CONGRESS AVE AL H W Y 57.01 N. FEDERAL HWY 58.08 56.0 LVD TB RES EAC NS 58.04 58.05 HIGH RIDGE RD MINER RD 60.03 61.00 OLD BOYNTON RD WOOLBRIGHT RD 66.03 62.02 62.03 60.05 SE 23RD AVE 54.03 S FE DER AL 66.02 63.00 HW Y E9 5 AT ER ST INT S CONGRESS AVE 60.08 S SEACREST BLVD 62.01 60.02 60.07 GU L FST R EA M B LV D Legend Haitian Population, Number of Persons 06 41 5 -8 14 -4 8 10 0 -1 07 0 Note: Census tracts and City boundary of 2000 Source: US Census 2000 N OCEAN BLVD D BOYNTON BEACH BLV ® 900 1,800 3,600 5,400 7,200 Feet HAITIAN POPULATION 2007-2011 BY CENSUS TRACT NUMBERS 58.07 HYPOLUXO RD 56.01 58.17 MINER RD 58.13 58.12 BOYNTON BEACH BLVD 0 - 174 175 - 597 598 - 1,608 60.09 3,000 4,500 95 IN T 6,000 Feet 66.05 SW 23RD AVE 62.02 62.03 63.00 ERS 66.03 62.01 WOOLBRIGHT RD 60.05 TAT E 60.08 750 1,500 60.10 60.07 Estimated total Haitian population : 8,900 0 61.00 OLD BOYNTON RD S CONGRESS AVE Haitians, Number of Persons ® 57.02 60.12 Legend 57.01 N FEDERA L HWY 58.10 58.08 N CONGRESS AVE 58.11 E RD IDG HR HIG 58.16 KNOLLWOOD RD 56.02 S FEDE RAL HW Y LAWRENCE RD 58.15 66.02 65.01 64.01 54.11 MEDIAN AGE OF POPULATION AND PERCENT OF PERSONS 65 AND OLDER High Ridge Rd BY CENSUS TRACT 36.9 Miner Rd 39.3 33.7 E Gat eway Blvd Gateway Blvd 38.4 30.2 39.6 40.8 Old Boynton Rd Blvd W Boynton Beach 36.9 34.0 Woolbright Rd 53.7 51.4 SE 23rd Ave 74.4 IN TE RS TA TE S.Congress Ave 95 52.2 53.7 47.4 44.5 75.4 Hw y 73.8 S. F ede ra l 31.9 Ocean Ave Blvd 70.3 N Ocea n 34.5 58.11 36.2 N. Federal Hwy Lawrence Rd 36.9 40.3 Legend Percentage Population Age 65 or Older Citywide percentage of population age 65 or older: 21.4% Source: Census 2010 -8 0. 7% 48 .9 1 -4 8. 9% 24 .5 1 4. 5% -2 17 .1 7% -1 7. 31 % 2. 5 -7 .3 % 0 875 1,750 ® 3,500 5,250 7,000 Feet CONGRESS AVE S MILITARY TRL MEDIAN HOUSEHOLD INCOME IN 2008 BY CENSUS TRACT HYPOLUXO RD $41,047 ATEW AY B LV D AL H W Y $50,615 $39,715 G N FE DE R $48,607 HIG H RIDG E RD MINER RD $46,339 N. FEDERAL HWY $59,773 N CONGRESS AVE $35,252 $54,901 $35,641 OLD BOYNTON RD $37,321 $40,595 WOOLBRIG HT RD SE 23RD AVE HW AL SF ED E R $80,729 $43,722 Y $75,180 E9 5 ER ST INT S CONGR ESS AVE $67,188 $41,875 $34,899 $43,426 AT $81,279 S SEACREST BLVD $43,304 N OC EAN BLVD D BOYNTO N BEACH BLV GU L FST RE A M BLV D Legend Median Household Income Note: Census tracts and City boundary of 2000 9 8 1, 27 3 -$ ,7 7 9 $5 Source: Nielsen-Claritas INC 4 -$ 5 9, 77 7 8 ,6 0 8 $4 $4 1 ,8 7 6 -$ 4 8, 60 5 87 1, 4 -$ 1 ,7 0 7 $3 $3 4 ,8 9 9 -$ 3 7, 70 0 0 ® 875 1,750 3,500 5,250 7,000 Feet AVERAGE HOUSEHOLD SIZE AND PERCENT OF ONE-PERSON HOUSEHOLD IN 2010 High Ridge Rd BY CENSUS TRACT 2.76 2.46 Miner Rd 2.72 2.21 E Gat ew ay 2.02 1.58 N. Federal Hwy Gateway Blvd 2.85 1.92 2.53 Old Boynton Rd Blvd 2.58 h Blvd W Boynton Beac Ocean Ave 2.34 2.62 3.11 Blvd Lawrence Rd 2.44 3.01 1.71 Woolbright Rd 1.71 SE 23rd Ave 2.13 1.51 y Hw IN TE RS TA TE 2.56 2.18 S. F ede r al 1.81 S.Congress Ave 95 2.15 N O cea n 1.53 Legend 9% 5 40 . -5 5. 4% 7 34 . -4 0. 6% 1 29 . -3 4. 0% 6 19 . -2 9. 2 16 . -1 9. 5% % One-Person Households Citywide percentage of one-person households: 34.3% Source: Census 2010 0 875 1,750 ® 3,500 5,250 7,000 Feet MEDIAN HOUSEHOLD INCOME 2007-2011 BY CENSUS TRACT NUMBERS 58.07 HYPOLUXO RD 56.01 58.17 56.02 58.16 MINER RD KNOLLWOOD RD 58.13 57.02 60.12 Legend 61.00 OLD BOYNTON RD BOYNTON BEACH BLVD Median Household Income 60.07 0 700 1,400 2,800 4,200 66.03 5,600 Feet 62.02 WOOLBRIGHT RD 60.05 62.03 SW 23RD AVE 63.00 TAT E ® 62.01 60.09 95 60.08 S CONGRESS AVE Citywide median income: $45,156 60.10 66.02 S SEACREST BLVD $40,256 $52,173 $64,091 $76,008 $87,926 ERS - IN T $28,338 $40,257 $52,174 $64,092 $76,009 N FEDERAL HWY 58.12 57.01 S FEDE RAL HW Y 58.10 58.08 N CONGRESS AVE 58.11 HIGH RIDGE RD LAWRENCE RD 58.15 65.01 66.05 64.01 54.11 Par t2of3 THEDEVELOPMENTATLASOF BOYNTON BEACH De par t me ntofDe ve l opme nt Di vi s i onofPl anni ngandZoni ng Hous i nga nd Re s i de nt i a l De ve l opme nt I. CHANGING STOCK CHARACTERISTICS AND CONSTRUCTION ACTIVITY 1. Existing Housing A. Changes in types of housing and tenure HOUSING STOCK BY TYPE OF STRUCTURE, 2012 Mobile Homes 1% Apartments 13% Co-ops 1% Single-family Homes 39% Townhomes & Villas 13% Condominiums 33% Source: Palm Beach County Appraiser’s Office, 2012 TABLE 1. Housing occupancy and housing tenure, 1990-2010 1990 Number Total Housing Units Occupied Housing Units Owner-occupied Renter-occupied Vacant Housing Units Vacant (Seasonal & Rec.) Percent 2000 Number 25,544 100.0% 20,292 79.4% 15,514 76.5% 4,778 23.5% 5,252 20.6% 2,762 10.8% 30,643 26,210 19,072 7,138 4,433 2,944 Percent 100.0% 85.5% 72.8% 27.2% 14.5% 9.6% 2010 Number 36,289 29,104 19,316 9,788 7,185 3,330 % change Percent 2000-2010 100.0% 80.2% 66.4% 33.6% 19.8% 9.2% 18.4% 11.0% 1.3% 37.1% 62.1% 13.1% Source: Census 1990, 2000 and 2010 . The chart and Table 1 above provide information on the City’s housing stock in terms of type of structures and tenure choices (owning or renting). The 2010 tenure data reflects changes brought by a collapse of the housing market. First, there has been a very significant increase in renter-occupied dwellings, in absolute and especially relative terms. More than one-third of all units are now rented. Secondly, there has also been a sharp increase in the overall number of vacant units, from 4,433 in 2000 to 7,185 in 2010. 1 B. Age of housing stock AGE OF HOUSING STOCK 1960-1969 12% pre 1960 8% 2005 or later 4% 2000-2004 9% 1990-1999 16% 1970-1979 28% 1980-1989 23% Source: Census 2010, ACS 2007-2011 Approximately 51% of the City’s residential stock was built in the period of 1970-1989, and about 8% prior to 1960. C. Sectoral differences As expected (see Table 2 below), the housing stock located within the eastern sectors is much older than housing located west of Interstate 95. Both eastern sectors have a substantial number of older condominiums. The table also shows a reduction in the 2010 share of owner-occupied units in all sectors as compared to the year 2000. The shift from the owner to renter occupancy has been particularly noteworthy in the south east sector. TABLE 2. Selected Housing Characteristics by Sector TOTAL HOUSING STOCK Percentage SF (detached) homes Percentage pre-1960 housing Percentage owner-occupied, 2000 Percentage owner-occupied, 2010 SE 8,366 43.9% 13.0% 75.4% 53.7% NE 7,442 35.7% 16.3% 69.9% 63.3% NW 9,571 39.6% 1.4% 68.9% 64.1% SW 10,270 54.9% 2.1% 76.5% 70.9% Source: Claritas, Inc, and Census 2010 2. Trends in New Construction A. Residential approvals In 2005, the peak of the residential boom, the City approved a total of 2,981 housing units (as part of site-planned projects and rezonings with a master plan). The number of approvals dwindled to 669 in 2006, 254 in 2007 and 47 in 2008; there were no residential approvals in 2009 and 2010 and only six units were approved in 2011. The 456 multifamily units approved in 2012 replaced previously approved and expired projects. 2 B. Decline in residential permit activity in response to market downturn Between 2004 and 2008, Boynton Beach permitted 421 single family (detached) units and 3,369 multifamily units. The activity was particularly high in 2004 and 2005, followed by a sharp decline in permit numbers starting in 2006, when the level of the residential permit activity dropped by 65%. In 2009, the drop was even more dramatic (93%); only 9 permits were issued in 2010. The rebound of housing, reflected by the increasingly higher number of permits issued in 2011, 2012, and during the first five months of 2013, is driven mainly by the high demand for rental units. RESIDENTIAL BUILDING PERMITS 2004-2013 1,400 1,200 1,000 800 600 400 200 0 2004 2005 2006 2007 2008 2009 Single family permits 2010 2011 2012 2013 May Multi-family permits Source: Building Department, City of Boynton Beach (single-family permits include detached units only) II. TRENDS IN HOUSING VALUES TABLE 3. Median Housing Price Trends in Palm Beach County, 2007-2013 YEAR SINGLE FAMILY HOMES TOWNHOUSE-CONDO 2007 2008 2009 2010 2011 2012 2013 April Median Sale Price % Change (year-over year) Median sale Price % Change (year-over-year) $365,000 $300,000 $235,000 $227,000 $193,000 $212,500 $265,000 x -17.8% -21.7% -3.4% -14.1% 10.1% 26.2% $200,000 $146,000 $110,000 $92,000 $78,000 $88,000 $108,000 x -27.0% -24.7% -16.4% -15.2% 12.8% 20.0% Source: Realtors Association of the Palm Beaches; data from the Regional Multiple Listing Service. Note: The November 2012 figures must be regarded with caution, as monthly data may show significant volatility. Since publication of the last issue of The Development Atlas in March of 2009, the residential values in Palm Beach County had continued to drop. By 2011, a year experts agree prices in South Florida hit bottom, median price for all units sold in the County was 3 down roughly 56% from its 2007 peak of $287,000. The trend reversed in 2012; as Table 3 indicates, prices went up significantly in 2012 for all types of dwellings. 1. Housing Values as Reflected by City Tax Roll A. Changes in Taxable Value TABLE 4. Changes in Taxable Value of Residential Property, 2000-2012 Taxable Value of All Real Property Taxable Value of Residential Property Total 2000 $ 2,221,736,564 $ 1,517,349,529 2001 $ 2,402,706,325 $ 1,671,747,547 2002 $ 2,636,109,342 $ 1,829,141,969 2003 $ 2,975,816,191 $ 2,134,737,593 2004 $ 3,364,067,217 $ 2,423,973,983 2005 $ 3,975,909,602 $ 2,896,500,352 2006 $ 5,347,478,285 $ 3,768,766,280 2007 $ 5,869,516,099 $ 4,414,576,000 2008 $ 5,344,481,475 $ 3,851,131,700 2009 $ 4,364,061,452 $ 2,923,891,282 2010 $ 3,631,168,241 $ 2,389,870,003 2011 $ 3,522,987,585 $ 2,372,668,214 2012 $ 3,449,429,826 $ 2,312,553,079 Source: Palm Beach County Property Appraiser’s Office as % of Total Taxable Value 68.3% 69.6% 69.4% 71.7% 72.1% 72.9% 70.5% 75.2% 72.1% 67.0% 65.8% 67.3% 67.0% Annual % Change in TV of Residential Property X 10.2% 9.4% 16.7% 13.5% 19.5% 30.1% 17.1% -12.8% -24.1% -18.3% -0.7% -2.5% As shown in Table 4 above, between 2000 and 2007 the share of residential taxable value in the total value grew from 68.3% to 75%, and then declined every year to reach 67% in 2012. Since 2007, the taxable value decreased by 48%. (Note that the drop in residential taxable value in 2008 was partly due to the legislative changes allowing for an additional homestead exemption.) The preliminary estimate of the City’s total taxable value for 2013 signals the possible reversal of this trend: the total value increased by 5.5%. 4 TRENDS IN TAXABLE VALUE OF REAL PROPERTY $5,000,000,000 $4,500,000,000 $4,000,000,000 $3,500,000,000 $3,000,000,000 $2,500,000,000 $2,000,000,000 $1,500,000,000 $1,000,000,000 $500,000,000 $- 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Taxable Value of Residential Real Property Taxable Value of Other Real Property . B. Value of New Residential Construction TABLE 5. Value of New Residential Construction, 2002-2012 Total Value Total Value Percent Residential YEAR New Residential in New Construction New Construction Construction 2002 96,039,912 $ $ 45,774,490 48% 2003 95,160,396 $ $ 75,833,776 80% 2004 $ 55,097,497 $ 18,595,334 34% 2005 $ 97,781,792 $ 69,925,622 72% 2006 $ 214,209,219 $ 150,022,934 70% 2007 $ 338,926,436 $ 306,235,582 90% 2008 $ 232,000,000 $ 162,000,000 70% 2009 $ 143,528,989 $ 32,635,715 23% 2010 $ 49,782,272 $ 7,642,508 15% 2011 $ 92,838,504 $ 80,944,193 87% 2012 $ 19,478,541 $ 8,608,396 44% Total, 2002-2012 $ 1,434,843,558 $ 958,218,550 67% Source: Palm Beach County Property Appraiser’s Office The chart and Table 5 above demonstrate the trends in value of new construction. The value of residential construction surged in 2005 and peaked in 2007 at $306,235,582 when its share reached 90% of total new construction. During the following three years, residential construction plummeted to $7.6 million, reaching its lowest level in a decade. Note that the high 2011 numbers reflect completion of the Promenade project, which constituted 93% of the total value of new residential construction. The 2013 estimate of new construction (completed by the end of 2012) is $69 million, which reflects the 2011 surge in permit activity. 5 2 Residential Sales The data in this section presents the analysis of existing home sales in the City. HOUSING SALE PRICES 2004-2012 300,000 250,000 200,000 150,000 100,000 50,000 2004 2005 Single-family 2008 2006 Townhomes 2011 2012 Condominiums Source: Regional MLS, Inc. The chart above demonstrates citywide price trends for existing homes from 2004 to 2012. The median 2012 sale prices of existing single-family homes, townhomes and condominiums were between 65%, 48% and 70%, respectively, off the peak prices reached in 2005 or 2006. For single-family homes, the median price dropped from $280,000 to $98,000; for townhomes, from $223,000 to $115,000; and for condominiums, the price decreased from $185,000 to $55,000. The chart shows that median prices stabilized in 2012, or at least – in case of singlefamily homes, decreased only slightly. Also, the number of closed sales increased 11% year-over-year (as compared to 3.6% countywide). Some 18.2% of the sales were lendermediated (which include foreclosures and short sales), slightly lower that 18.9% for the county as a whole. Table 6 on the following page shows changes in sales and median price of single-family homes, townhomes and condominiums by sector since 2004. 6 Table 6. Housing Sales by Sector and Type of Dwelling SECTOR SF Homes (detached) Sales Median Price Townhomes/Villas Sales Median Price Condominiums Sales Median Price NORTHEAST 2004 2005 2006 2007 2008 2011 2012 % Change in Median Price from peak year to 2012 SOUTHEAST 2004 2005 2006 2007 2008 2011 2012 % Change in Median Price from peak year to 2012 NORTHWEST 2004 2005 2006 2007 2008 2011 2012 % Change in Median Price from peak year to 2012 SOUTHWEST 2004 2005 2006 2007 2008 2011 2012 % Change in Median Price from peak year to 2012 115 93 150 89 51 115 120 $125,000 $162,000 $257,000 $235,000 $146,000 $40,000 $50,000 17 27 21 22 14 20 31 $225,000 $287,000 $281,000 $269,000 $172,125 $87,000 $116,875 21 39 16 16 12 0 72 -59.3% 243 231 146 110 112 175 210 $239,000 $324,000 $345,000 $285,000 $234,900 $160,000 $167,450 $179,900 $220,000 $235,000 $185,000 $149,500 $150,000 $101,000 -57.0% $143,900 $175,000 $205,000 $175,000 $107,500 n/a $82,500 122 147 119 84 61 152 171 $169,000 $235,000 $237,000 $211,000 $175,000 $125,000 $120,100 151 133 78 96 66 179 188 $150,000 $204,000 $220,000 $202,000 $107,500 $105,000 $104,600 -52.5% $108,000 $160,000 $182,000 $140,000 $118,750 $83,000 $67,500 -62.9% 13 38 39 31 55 203 170 -49.3% 62 78 45 37 35 89 106 $83,000 $164,800 $168,000 $135,000 $66,500 $32,000 $35,000 -79.2% -59.8% -51.5% 237 215 169 130 96 205 237 57 93 120 131 77 79 74 -46.5% -80.5% 112 144 76 56 40 131 152 $323,000 $401,500 $205,000 $179,900 $136,000 $140,000 $215,000 $159,900 $185,500 $203,000 $165,000 $65,000 $45,000 $57,000 -71.9% 146 81 70 44 50 93 92 $133,900 $174,000 $185,000 $151,000 $126,500 $59,000 $47,000 -74.6% Source: Regional MLS, Inc. Table 6 shows that the 2012 sales prices were significantly off their peaks – from 46.5% to 80.5% - for all types of dwellings in all four sectors. In most cases, the 2012 sales activity was higher than in 2011. 7 MEDIAN PRICE OF SINGLE FAMILY HOME SALES BY SECTOR $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2004 NORTHEAST 2005 2006 2007 SOUTHEAST 2008 NORTHWEST 2011 2012 SOUTHWEST The chart and Table 6 show that the median price in the Northwest sector was the highest of all sectors in each of the years reported. III. VACANT RESIDENTIAL LAND TABLE 7. Selected Vacant Parcels with Residential Development Potential, January 23, 2013 No 1 2 3 4 5 6 No 7 8 9 10 X NAME/LOCATION ACREAGE DENSITY High Ridge Country Club 68.4 5 Quantum Park PID outparcel 24.4 11 Palmland Villas 3.7 11 City of Boynton Beach 3.6 7.5 FPL 3.4 5 Bible Church of God 2.3 5 Residential/mixed use projects w/expired site plans NAME/LOCATION ACREAGE DENSITY 500 Ocean (aka Arches) 4.69 80 Harbor Cay 1.43 20 Meadows 7.97 5 Baywalk 2.26 20 TOTAL 122.15 X UNITS 342 201 40 27 17 11 UNITS* 378 23 34 40 1,113 Note: For numbers 1-6, indicated densities are maximum densities under respective current land use designations (with the exception of the FPL property – see comment on the following page). For 7-10, the number of units is as previously approved. Since 2008 there have been no changes in the inventory of vacant residential parcels of 2 or more acres. 8 The following list provides a brief overview of properties listed in Table 7: • 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, a Quantum Park outparcel located between Gateway Boulevard and Miner Road, west of High Ridge Road, and south of a 30-acre county-owned enclave. The county parcel has an industrial land use classification; the parcel within the City has an industrial land use classification, a residential single-family zoning designation and a Conservation Overlay (the parcels contain one of the largest remaining “A”-classified scrub sites in the City; therefore, any developer of the property would be required to set aside or preserve at least 25% of the environmentally sensitive lands). These considerations will have to be balanced out in any future development scenarios. Although a significant percentage of Quantum Park has been developed as a mixture of uses with a large residential component, the city economic development efforts to preserve and expand industrial acreage may ultimately prevail and lead to industrial zoning designation on this property as well as the county enclave when annexed. . • Property #3 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 #4 is an undeveloped parcel south of Boynton Beach Boulevard and west of SW 8th Street. The property, classified 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 for residential use. • In the same general area of the City, the FPL parcel (#5) is adjacent to Old Boynton Road, north of Boynton Beach Boulevard. The parcel’s future land use classification is split between High Density Residential (HDR) and Local Retail Commercial (LRC). Ultimately, the property will require land use reclassification, most likely to Low Density Residential (LDR). • Property #6, located west of Seacrest Boulevard and north of Boynton Canal, is classified Moderate Density Residential (MODR). • Property #7 is located at the southwest corner of Ocean Avenue and Federal Highway. Originally approved in 2004 for a project known as The Arches. The project was modified in 2005 and approved under the new name of “500 Ocean Plaza” for a mixed use of 378 condominiums and 40,596 square feet of retail in 2005. The site plan expired in 2009. The property changed hands in 2011; a recent surge of the demand for rental units is likely to bring it back to the market. 9 • Property #8, located on the east side of Federal Highway, north of Gateway Boulevard, was approved in 2006 for 23 townhouse project under the name “Harbor Cay”. The site plan expired in 2008. • Property #9 is located within the Meadows 300 Planned Unit Development, north of Meadows Boulevard and west of Congress Avenue. It was approved for 34 townhomes in 2007; the site plan expired in 2009. • Property #10, located on the west side of Federal Highway south of Old Dixie Highway, was approved for 40 townhomes as the “Baywalk” project in 2006. The site plan expired in 2010. A number of other site plans approved for residential projects in recent years are the subject of legislatively enabled time extensions which will expire in the near future. Such extension provisions were enacted in recognition of the prolonged recession and difficult market conditions. As housing prices begin to rise and the economy continues to improve, the prospects for these projects to be developed is becoming more realistic. . 10 Pa r t2Ma ps OWNER-OCCUPIED HOUSING AS PERCENT OF ALL OCCUPIED UNITS IN 2010 High Ridge Rd BY CENSUS TRACT NUMBERS Miner Rd E Gat eway Blvd Gateway Blvd 58.10 57.02 58.12 61.00 60.12 Old Boynton Rd d W Boynton Beach Blv 60.07 60.09 Ocean Ave 60.10 62.01 62.02 Woolbright Rd 60.05 54.11 IN TE RS TA TE 66.02 63.00 S. F ede r al Hw y 66.03 S.Congress Ave 95 60.08 62.03 SE 23rd Ave Blvd 58.11 57.01 58.08 58.13 56.01 N Oce an Lawrence Rd 58.17 58.16 N. Federal H wy 58.17 Legend Percent of Owner-Occupied Units Citywide owner-occupancy: 66.4% Source: Census 2010 5. 3% 71 % -9 0. 7% 90 . 79 . 51 % -9 9. 5% -7 61 . 31 % -6 % 51 27 . 0. 9 % -2 1. 3% 7. 5% 0 875 1,750 ® 3,500 5,250 7,000 Feet High Ridge Rd UNITS FOR SEASONAL/RECREATIONAL OR OCCASIONAL USE AS PERCENT OF ALL UNITS IN 2010, BY CENSUS TRACT 1% 6% 3% 58.13 E Gat eway Gateway Blvd 15% 7% 0% 6% 15% Old Boynton Rd d W Boynton Beach Blv 1% 19% Blvd Ocean Ave 6% 21% 2% Woolbright Rd 16% SE 23rd Ave 5% 39% IN TE RS TA TE 2% 16% S. F ede ral Hw y 20% S.Congress Ave 95 6% ® Legend % 00 21 . 01 -3 1. -2 01 16 . 9. 00 % 6. -1 1 7. 0 3. 0 1 -7 .0 00 0% % .0 0 -3 0 % % Units for Seasonal/Recreational Use Citywide percentage of homes for seasonal/recreational use: 9.2% Source: Census 2010 N Oce an Blv d 4% Miner Rd 11% N. Federal H wy Lawrence Rd 2% 0 875 1,750 3,500 5,250 7,000 Feet MEDIAN VALUE OF OWNER-OCCUPIED HOUSING, 2007-2011 BY CENSUS TRACT NUMBERS 58.07 58.15 56.01 58.17 56.02 58.16 MINER RD GH HI KNOLLWOOD RD BOYNTON BEACH BLVD 60.07 Citywide median home value:$188,600 60.09 66.05 62.03 SW 23RD AVE 63.00 TAT E ERS 66.03 62.02 WOOLBRIGHT RD 60.05 95 60.08 S CONGRESS AVE NOTE: These are self-reported values pooled over 5 years of falling prices. The map illustrates differences across tracts; the actual values should be regarded with caution. 62.01 60.10 66.02 54.11 S SEACREST BLVD $112,200 - $171,400 - $228,200 - $293,600 - $575,800 IN T Median Housing Value 61.00 OLD BOYNTON RD N FEDERAL HWY 57.02 60.12 Legend $59,800 $112,201 $171,401 $228,201 $293,601 58.12 N CONGRESS AVE 58.10 58.08 RD 58.11 57.01 E DG RI 58.13 S FEDE RAL HW Y LAWRENCE RD ® HYPOLUXO RD 65.01 64.01 0 875 1,750 3,500 5,250 7,000 Feet Par t3of3 THEDEVELOPMENTATLASOF BOYNTON BEACH De par t me ntofDe ve l opme nt Di vi s i onofPl anni ngandZoni ng Ec onomya nd Comme r c i a l De ve l opme nt I. LOCATION ADVANTAGES Boynton Beach, the third largest city in Palm Beach County, has a number of significant location advantages which contribute significantly to its overall economic potential. • • The city, encompassing roughly 16.5 square miles, is located approximately 45 miles north of Miami and 15 miles south of West Palm Beach. This puts it in the heart of southeast Florida’s tri-county Dade/Broward/Palm Beach metropolitan areas. The city has direct access to the Intracoastal Waterway, both Interstate 95 and the Florida Turnpike, and one of only four ocean inlets existing along 47 miles of shoreline within Palm Beach County. It also has a market of over 6.5 million people within a 100 mile radius of the city and ready access to three international airports, three major seaports, two major rail lines as well as the Tri-Rail commuter rail system. These advantages will continue to benefit Boynton Beach, its residents and businesses as the city is rebounding from a major national recession. The metro area of Palm Beach County, long recognized as one of the leading metropolitan divisions in the U.S. in terms of job growth, has been severely affected. Employment in residential and commercial construction, as well as in manufacturing and financial activities, and trade and utilities sector, suffered significant losses. The unemployment rate for the county reached 12% in July 2010; it has since fallen to 6.8% (the April 2013 preliminary estimate). II. REAL PROPERTY TAX BASE 1. A Regional Picture TABLE 1. Taxable Real Property Values, 2012: Selected Municipalities Palm Beach County, Total Residential ($) as % of all uses Boca Raton Boynton Beach Delray Beach West Palm Beach 95,204,031,203 11,827,804,074 2,312,553,079 4,632,642,518 4,831,351,814 81.0% 74.4% 67.0% Commercial ($) 15,782,451,546 3,229,139,727 13.4% 20.3% as % of all uses Industrial ($) 4,231,046,508 692,369,020 as % of all uses 3.6% 4.4% Other ($) 2,321,849,147 150,632,690 as % of all uses 2.0% 0.9% Source: Palm Beach County Appraiser’s Office 739,282,258 21.4% 338,673,090 77.8% 64.0% 975,958,131 2,045,819,052 16.4% 27.1% 280,657,429 424,966,951 9.8% 4.7% 5.6% 58,921,399 68,435,598 251,679,043 1.7% 1.1% 3.3% Table 1 and the accompanying chart compare the profile of the taxable value of the Boynton Beach real property with that of Palm Beach County, and the three other largest municipalities – West Palm Beach, Boca Raton and Delray Beach. 1 2012 TAXABLE VALUES BY USE : PALM BEACH COUNTY AND SELECTED MUNICIPALITIES 100% 90% Residential Commercial % of Taxable Value 80% Industrial 70% 60% 50% 40% 30% 20% 10% Other 0% Palm Beach Boca Raton Boynton County Beach Delray beach West Palm Beach The data indicates that: • As Table 1 and the chart above show, Boynton Beach still has by far the highest share of industrial properties in its total taxable value, 9.8%, up from 7.0% in 2008, and the second highest overall share – after West Palm Beach - in all commercial properties (including industrial), at 31.3%. • Since 2008, the share of the value of residential real estate in total taxable real estate property value decreased in the County and in all but one municipality (Boca Raton) where it increased from 73.5% to 74.4%. 2. The City’s Real Property Tax Base A. Trends in Taxable Value Even though the impact of the ongoing real estate recession on the growth of the taxable value is tempered by the way the Florida Save Our Homes program determines annual assessments of homesteaded residential properties (they increase with inflation, for a maximum of 3%), Table 2 shows a remarkable reversal of trends in growth of the City’s real property taxable value. The decline of the residential value between 2008 and 2012 was almost 38.5%, followed by nearly 30% drop in commercial value; the industrial sector fared best. 2 TABLE 2. Changes in Real Property’s Taxable Value, 2002-2012 2002 2005 2008 2012 Change 2008/2011 TOTAL TAXABLE ($) in which: 2,636,109,842 3,975,909,602 5,344,481,475 3,449,429,826 -35.5% RESIDENTIAL 1,829,142,969 2,896,500,399 3,761,525,883 2,312,553,079 -38.5% COMMERCIAL 578,841,097 770,213,540 1,051,563,834 739,282,258 -29.7% INDUSTRIAL 197,200,737 249,268,290 374,727,428 338,673,090 -9.6% Source: Palm Beach County’s Appraiser’s Office B. The Property Tax Distribution There were 30,251 residential properties (excluding apartments) listed on the Boynton Beach 2012 tax roll. Table 3 shows changes in the property tax distribution in terms of numbers and percentages of properties that either pay no taxes or pay very little. TABLE 3. Property Tax Distribution for Residential Properties, 2005 and 2012 Owner-Occupied Residential Properties All properties -Single Family/Townhomes -Condominiums/Cooperatives No. of Properties Properties Paying Zero Taxes 2012 2012 30,251 17,851 12,400 1,307 (4.3%) 391 (2.2%) 916 (7.4%) Properties paying below $200 in Taxes 2005 3,300 (12.4%) 992 (5.7%) 2,338 (24.5%) 2012 8,859 (29.3%) 4,168(23.3%) 4,691 (37.8%) Source: Palm Beach County’s Property Appraiser’s Office The two main causes of the sharp increase in the number of such properties were the decrease in property values and the enactment in 2008 of the constitutional amendment allowing for an additional $25,000 homestead exemption. The exemption had a strong impact on single-family homes, 77% of which are homesteaded, as opposed to only 47% of condominiums. C. Principal Taxpayers The ten principal taxpayers within the city pay 47% of all property taxes, up from 30% in 2008, as shown in the table below. 3 TABLE 4. Ten Principal Taxpayers, 2012 TAXPAYER Type of Business 1. Florida Power and Light 2. Duke PGC 1 9 LLC 3. Boynton Waterways Investment Association, LLC 4. Boynton JCP Associates, LTD 5. Las Ventanas at Boynton Beach LTD 6. Moreguard Boynton Town Center 7. City National Bank of Florida 8. Boynton Dev. Associates 9. EQR FREWAC 2008 Limited Partnership 10. Villas at Quantum Lakes, INC Utility Real estate company Developer Retail shopping mall Rental apartments Retail Community bank Developer Rental apartments Rental apartments Total TOTAL REAL PROPERTY TAX REVENUES FOR THE CITY Taxes ($) % of Total Taxes 1,958,518 1,613,125 1,374,350 1,170,731 1,169,702 1,051,061 1,002,536 923,745 754,039 754,016 7.89% 6.50% 5.54% 4.72% 4.71% 4.24% 4.04% 3.72% 3.04% 3.04% 11,771,823 47.44% 24,815,543 100.00% Source: Palm Beach County Appraiser’s Office, Department of Finance III. NEW COMMERCIAL DEVELOPMENTS 1. Palm Beach County Commercial Markets Overview To give the context for the review of new commercial approvals for the city, Table 5 on the following page offers a comparative look at commercial submarkets, which cover four of the largest Palm Beach County municipalities. As shown, Boynton Beach submarkets share of the total county market ranges from 14.2% of the retail market and 9.2% of the industrial market, to only 1.9% of the office market. (Note that the retail submarket includes Lantana.) None of the four submarkets had retail or office projects under construction during the first quarter of 2013; West Palm Beach had new industrial development under construction. Reports from the commercial real estate firm CB Richard Ellis (CBRE) confirm that, consistently with a gradual improvement in the Palm Beach County unemployment rate and active residential sector, the County commercial markets continue a gradual recovery. 4 TABLE 5. Selected Submarkets of the Palm Beach County Retail, Office and Industrial Markets, First Quarter of 2013 SUBMARKETS** Boca Raton Boynton Beach Delray Beach West Palm Beach TOTAL PALM BEACH COUNTY 6,973,532 6,335,182 4,032,661 7,113,100 44,621,560 RETAIL Building Square Footage as % of total market Direct Vacancy Rate % 2013 Net Absorption Under Construction SF Avr. Dir. Asking Lease Rate 15.6% 14.2% 9.0% 15.9% 100.0% 4.7% 8.9% 7.5% 7.5% 7.9% 43,063 14,227 230,200 1,516 281,765 0 0 0 0 61,500 $24.14 $15.76 $22.50 $16.14 $17.33 11,334,882 448,063 1,496,872 5,572,311 23,246,311 OFFICE Building Square Footage as % of total market 48.8% 1.9% 6.4% 24.0% 100.0% Total Vacancy Rate % 23.7% 30.2% 53.4% 23.3% 24.8% 2013 Net Absorption 3,369 (1,472) (6,586) (12,629) 17,071 Under Construction SF 0.00 0.00 0.00 0.00 0.00 $17.25 $13.15 $12.66 $17.64 $17.08 7,567,857 4,143,478 2,743,288 13,695,809 45,049,686 Avr. Dir. Asking Lease Rate INDUSTRIAL Building Square Footage as % of total market 16.8% 9.2% 6.1% 30.4% 100.0% Total Vacancy Rate % 8.8% 9.1% 14.5% 6.9% 8.1% 2013 Net Absorption 13,424 (34,412) 28,541 (13,521) 166,395 0 0 0 125,000 145,900 $8.80 $7.07 $7.04 $7.40 $6.47 Under Construction SF Avr. Dir. Asking Lease Rate Source: CB Richard Ellis * Boynton Beach submarket boundaries: north – Lake Worth city limits; south – Delray Beach city limits; west –441 * For Retail, the Boynton Beach submarket includes Lantana. The County retail market is improving, supported by progress in employment and tourism as well as climbing home sales and values. The retail market posted 281,765 square feet of positive absorption in the first quarter of 2013. Note that, since CBRE retail reports do not cover malls, Table 6 omits construction of the 900,000 square foot outlet mall underway in West Palm Beach. The CBRE short-term forecast predicts the year-over-year growth in core retail sales (without auto and gas sales) to stay within the 3% to 4% range, and the demand for space to continue at a slower pace as compared to previous recoveries. A noteworthy trend is that of smaller footprint stores of companies such as Walmart, Best Buy, Kohl’s, Staples, Target and Office Depot, the response to competition from internet sellers, rising costs and the weak economy. 5 The vacancy rate for the County office market is improving. It is 2.7 percentage points lower than total vacancy in the first quarter of 2012 and below 25% for the first time since first quarter of 2009, reflecting an increase in the job growth. Year-over-year, the overall average asking lease rates for office space increased 1.3%. No new projects 30,000 square feet or greater have been developed during the past several quarters. The CBRE analysts’ short-term outlook for the office market is favorable based on the continued job growth in 2013. The industrial market also continues to recover. The demand during the first quarter of 2013 resulted in over 166,000 square feet of positive absorption, while the market total vacancy rate decreased 1.5 percentage points, and asking lease rates increased 1.1 percentage points. Flex properties experienced the largest year-over-year 11.5% increase of leasing rates. New development has been driven mostly by build-to-suit projects from tenants looking for opportunities with specifications not readily available in the market. The CBRE analysts anticipate that scarcity and high pricing of industrial-zoned land in Miami-Dade and Broward counties will likely start to push demand north to Palm Beach County. 2. Commercial Approvals As the charts in this section demonstrate, the recession –high unemployment, the lack of demand, the unavailability of financing - has had a strong negative impact on the commercial and industrial sectors in the city. With the exception of a new 93,755 square foot Walmart in 2010, there have been no new retail project approvals since 2007. Office approvals, which averaged about 87,000 square feet during the 2000-2006 period, have been flat, averaging about 9,000 square feet since. RETAIL AND OFFICE PROJECT APPROVALS Square footage 100,000 50,000 2006 2007 2008 2009 Retail 2010 Office Source: Development Department Note: Approvals with valid development orders 6 2011 2012 2012 Not included in the chart are: (i) three projects not in the retail or office category, approved in 2010: Casa Del Mar (a yacht club), Timeless Life Care (assisted living facility), and the Gateway Hotel, for a total of 185,000 square feet; (ii) approvals for three commercial buildings previously reported in approved master plan for Quantum Village South, and; (iii) two new Publix stores which replaced old stores in 2012. INDUSTRIAL PROJECT APPROVALS 350,000 300,000 Square Footage 250,000 200,000 150,000 100,000 50,000 - 2003 2004 2005 2006 Warehouse/Distribution 2008 2007 2009 Manufacturing 2009 2010 2011 2012 TOTAL INDUSTRIAL Source: Development Department With the exception of one small project in 2008, there have been no industrial approvals; the last approval for a manufacturing facility was in 2003. 7 NON-RESIDENTIAL* NEW CONSTRUCTION: PERMIT VALUES 90,000,000 80,000,000 70,000,000 Current $ 60,000,000 50,000,000 40,000,000 30,000,000 20,000,000 10,000,000 0 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 May Source: Development Department *Note: Includes residential in mixed-use buildings The permit value chart above includes all non-residential projects. The three highest in value include a new Walmart store (2011), the Imagine Charter School (2009) and the reconstruction of a Publix store (2011). After two years of low activity, annual permit value is rebounding, reflecting the improving economy. IV. VACANT LAND There currently remain approximately 75 acres of vacant land with commercial/mixeduse classifications and 26 acres of vacant land with industrial classifications (about 7% and 7.5% of the total acreage corresponding to each of these land use categories). TABLE 6. Vacant commercial and Industrial Land as of May 2013 VACANT COMMERCIAL VACANT INDUSTRIAL # of Parcels # of Parcels 1 Total vacant # of Parcels # of Parcels 1 Total vacant under 1 acre acre or more under 1acre acre or more acreage acreage 85 17 79 acres 13 11 50 acres Source: Development Department/Palm Beach County Appraiser’s Office Note: Vacant commercial inventory includes parcels with a mixed use future land use designations. Vacant industrial inventory includes 23.3 acre parcel adjacent to the Quantum Industrial Park with the Industrial land use but with the single-family residential zoning. Most of vacant parcels are small and unfeasible for larger scale projects: only 17 out of 102 vacant commercial/mixed use and 11 out of 24 vacant industrial properties are 1 acre or over in size; and only 10 and 6 parcels, respectively, are 2 or more acres. 8 V. BOYNTON’S INDUSTRY AND LABOR FORCE PROFILES 1. The Industry Profiles A. Employment trends in Palm Beach County Palm Beach County was for a number of years recognized as one of the leading areas in the U.S. with respect to job growth. In August 2006 the unemployment rate was 2.8% (as compared to 3.1% for a State of Florida). Mid-2006 was the peak of the housing boom in the County; subsequently, the construction sector began to shed jobs. TABLE 7. Palm Beach County Private Employment Trends % Change 2006/2009 2006 2009 2012 Total, All Industries, (000) 498.5 440.4 457.3 -8.3% Manufacturing 20.2 16.3 15.2 -24.8% Construction 49.5 27.6 24.0 -51.5% Trade/Transportation/Utilities 106.5 97.3 99.8 -6.3% Information 11.2 9.5 9.2 -17.9% Financial Activities 41.2 35.2 36.6 -11.2% Professional/Business Services 95.8 82.7 90.0 -6.1% Education and Health Services 77.0 80.1 82.6 7.3% Leisure and Hospitality 71.9 68.3 72.8 1.3% Other Services 24.9 23.1 26.8 7.6% % Change 2009/2012 3.8% -6.7% -13.0% 2.6% -3.2% 4.0% 8.8% 3.1% 6.6% 16.0% Source: Bureau of Labor Statistics, U.S. Department of Labor. Note: not seasonally adjusted. Percentage-wise, job losses between 2006 and 2012 were the highest for the construction industry, followed by manufacturing, information and financial activities. In terms of numbers, the construction sector was by far the most affected, with 25.5 thousand jobs lost. Between 2009 and 2012, the County’s private sector experienced a 3.8% job growth; a majority of industries added jobs, but construction, manufacturing and information continued their losses. The job losses were reflected in the rapidly rising unemployment rates that only recently began to drop. 9 TABLE 8. Unemployment Rates, Palm Beach County and Boynton Beach A. Annual Unemployment Rates, 2003-2012 2005 2006 2007 2008 U.S. 5.1 4.6 4.6 5.8 Florida 3.8 3.3 4.0 6.3 2009 9.3 10.4 2010 9.6 11.3 2011 8.9 10.3 2012 8.1 8.6 Palm Beach County 4.2 3.6 4.2 6.5 10.5 11.4 10.8 8.8 Boynton Beach 3.6 3.0 3.7 5.9 9.8 11.1 10.4 8.5 B. Monthly Unemployment Rates, 2013 Jan Feb Mar U.S. 8.5 8.1 7.6 Florida 8.0 7.6 7.0 Palm Beach County 8.0 7.5 6.9 Boynton Beach 8.1 7.4 6.7 Apr 7.1 6.8 6.8 6.5 Source: U.S. Bureau of Labor Statistics. Note: Not seasonally adjusted, preliminary for April except U.S. B. Boynton Beach Business Profile This section presents the establishment-based employment by industry using the 2011 estimates furnished by Nielsen-Claritas, Inc. The data comes from businesses and other establishments located within the City’s limits, showing industry profile of jobs in Boynton Beach. The residence-based employment data, which provides information on jobs held by Boynton Beach residents, is provided by the American Community Survey (see Appendix D). The comparison of 2007 and 2011 employment estimates for Boynton Beach provided by Nielsen Claritas Inc. indicates a disappearance of 215 businesses, and a loss of nearly 10.5 thousand jobs over this four-year period. In 2007, 90% of all businesses employed fewer than 20 people and the average business employed about 11; in 2011, 92.7% had fewer that 20 employees and the average number was slightly over eight. Boynton Beach is a city of small business. As demonstrated by Table 9 on the following page, the industry with by far the highest share of the total employment in 2011 was retail trade, at almost 27%. The health services were next at 11.4%, followed by the finance, insurance and real estate group at 8.6%. 10 TABLE 9. Non-Agricultural, Establishment-Based Employment by Industry, Boynton Beach, 2011 INDUSTRY Construction Manufacturing Transportation/Public Utilities Wholesale Trade Retail Trade Finance/ Insurance/ Real Estate Services, in which: Personal Services Business Services Legal Services Health Services Social Services Educational Services Hotels/Other Lodging Auto and Other Repair Recreation Services Eng/Acct/Research/Mgt Other Services Public Administration Other TOTAL Number of Employment Firms 315 104 117 162 681 403 2,166 981 922 1,100 7,824 2,497 200 219 97 387 70 37 13 166 75 118 114 37 180 Percent with 20 or more Employment employees % of Total Firms 9.0% 3.0% 3.3% 4.6% 19.5% 11.5% 7.5% 3.4% 3.2% 3.8% 26.9% 8.6% 4.4% 15.4% 6.0% 4.3% 13.4% 3.00% 905 5.7% 3.1% 3.5% 1,031 6.3% 3.5% 5.0% 415 2.8% 1.4% 3.1% 3,321 11.1% 11.4% 6.7% 1,178 2.0% 4.1% 15.7% 1,000 1.1% 3.4% 40.5% 147 0.4% 0.5% 30.8% 570 4.7% 2.0% 3.0% 1,198 2.1% 4.1% 16.0% 814 3.4% 2.8% 5.9% 553 3.3% 1.9% 1.8% 1,818 1.1% 6.3% 18.9% 618 5.2% 2.1% X 3,495 29,058 100% 100% 7.3% Source: Nielsen- Claritas, Inc. 2. The Boynton’s Workforce Profile A. Occupational Profile TABLE 11. Occupations, Boynton Beach and Palm Beach County, 2009-2011 OCCUPATION Civilian employed population 16 years and Management, business, science, and arts Service occupations Sales and office occupations Natural resources/ construction/ maintenance Production/ transportation / material moving PERCENT OF TOTAL BOYNTON BEACH PALM BEACH COUNTY BOYNTON BEACH PALM BEACH COUNTY 30,508 9,049 8,593 7,887 2,272 2,707 572,078 200,294 125,722 153,608 50,963 41,491 100% 29.7% 28.2% 25.9% 7.4% 8.9% 100% 35.0% 22.0% 26.9% 8.9% 7.3% Source: U.S. Census: American Community Survey 11 By and large, the Boynton Beach workforce occupational profile mirrors that of Palm Beach County as a whole. About 30% of the employed city residents hold higher wage management and professional occupations, lower than the county’s overall 35%. Some 54% are employed in service, sales and office jobs, compared to 49% of those residing anywhere in the county. A comparable percentage of workers in the City and the County are self-employed in their own (not incorporated) businesses – 6% and 5.7%, respectively. Median earnings for workers 16 age and over during the 2009-2011 time period were $29,152, $27,375, $27,009 and $33,296 for Boynton Beach, Delray Beach, West Palm Beach and Boca Raton, respectively. The median earnings were $28,870 for the County as a whole. B. Commuting to Work The American Community Survey 2009-2011 data indicates that about 81.2% of the City residents drove alone to their place of employment; only about 2.1% used public transportation while 0.8% walked. The average travel time to work was about 22 minutes. Public transportation, Tri-Rail and the Palm Tran bus system, could certainly be used by more commuters, but the location, schedules and other issues cannot offset the convenience of the proximity of the Interstate 95, which provides good access to employment centers throughout the tri-county area. 12 Appe ndi xA BOYNTON BEACH CENSUS GEOGRAPHY2 0 1 0AND SECTOR BOUNDARI ES CITY OF BOYNTON BEACH CENSUS TRACTS 2010 HYPOLUXO RD 57.01 60.12 OLD BOYNTON RD BOYNTON BEACH BLVD 60.10 60.07 60.09 62.02 WOOLBRIGHT RD 62.03 SW 23RD AVE 60.05 S FE DERA L HWY 60.08 62.01 61.00 VD N OC EA N BL GOLF RD N SEACREST BLVD 57.02 N F EDE RA L HW Y GATEWAY BLVD 58.12 54.11 66.03 tate I-95 63.00 Inte rs 58.10 58.08 NW 22ND AVE N CONGRESS AVE GATEWAY BLVD 58.13 S CONGRE SS AVE LAWRENCE RD MINER RD HIGH RIDGE RD 58.17 58.11 56.01 58.16 S SEACR EST BLVD LAWRENCE RD 58.17 66.02 0 625 5 1,250 2,500 3,750 5,000 Feet CITY OF BOYNTON BEACH CENSUS TRACTS 2010 WITH SECTOR BOUNDARIES HYPOLUXO RD 57.01 57.02 58.12 60.12 OLD BOYNTON RD BOYNTON BEACH BLVD 60.07 60.09 62.02 WOOLBRIGHT RD 62.03 SW 23RD AVE 60.05 S FE DERA L HWY 60.08 62.01 61.00 VD N OC EA N BL GOLF RD 60.10 N F EDE RA L HW Y GATEWAY BLVD N SEACREST BLVD 58.10 58.08 NW 22ND AVE N CONGRESS AVE GATEWAY BLVD 58.13 S CONGRE SS AVE LAWRENCE RD MINER RD HIGH RIDGE RD 58.17 58.11 56.01 58.16 S SEACR EST BLVD LAWRENCE RD 58.17 54.11 63.00 66.03 66.02 0 625 5 1,250 2,500 3,750 5,000 Feet Appe ndi xB DEMOGRAPHI CDATA TABLE 1. BOYNTON BEACH PROFILE OF GENERAL DEMOGRAPHIC CHARACTERISTICS: CENSUS 2010 General Demographic NUMBER PERCENT General Demographic Characteristics NUMBER PERCENT Characteristics Total population SEX AND AGE Male Female Under 5 years 5 to 9 years 10 to 14 years 15 to 19 years 20 to 24 years 25 to 34 years 35 to 44 years 45 to 54 years 55 to 59 years 60 to 64 years 65 to 74 years 75 to 84 years 85 years and over Median age (years) 18 years and over 21 years and over 62 years and over 65 years and over 18 years and over Male Female 65 years and over Male Female RACE Total population One race White Black or African American Indian/ Alaska Native Asian Native Hawaiian and Other Pacific Islander Some other race Two or more races 68,217 32,196 36,021 3,924 3,557 3,529 3,561 4,018 9,293 9,018 9,230 3,957 3,563 6,270 5,498 2,799 41.9 55,067 52,885 16,752 14,567 25,625 29,442 6,009 8,558 68,217 66,717 42,599 20,646 100 HISPANIC/LATINO AND RACE Total population Hispanic or Latino (of any race) Mexican 5.8 Puerto Rican 5.2 Cuban 5.2 Other Hispanic or Latino 5.2 Not Hispanic or Latino 5.9 13.6 RELATIONSHIP 13.2 Population in Households 13.6 Householder 5.8 Spouse 5.2 Child 9.2 Other relatives 8.1 Nonrelatives 4.1 Unmarried partner (x) 80.7 HOUSEHOLDS BY TYPE 77.5 Total households 24.6 Family households (families) with own children under 18 21.4 Married-couple families with own children under 18 37.6 Male householder, no wife 43.2 with own children under 18 Female householder, no husband 8.8 with own children under 18 12.5 Nonfamily households Householder living alone 65 years and over 100 97.8 62.4 Households with people under 18 30.3 Households with people 65 and over 196 1,473 0.3 2.2 Average household size 26 1,777 1,500 0 Average family size 2.6 2.2 68,217 8,702 1,555 2,137 899 4,111 59,515 100 12.8 2.3 3.1 1.3 6 87.2 67,217 29,104 11,357 15,906 5,812 5,038 2,232 98.5 42.7 16.6 23.3 8.5 7.4 3.3 29,104 16,570 6,271 11,357 3,790 1,410 584 3,803 1,897 12,534 9,975 4,572 100 56.9 21.5 39 13 4.8 2 13.1 6.5 43.1 34.3 15.7 7,298 10,323 25.1 35.5 2.31 (x) 3.00 (x) TABLE 2. BOYNTON BEACH SOCIAL PROFILE, 2009-2011 Selected Social Characteristics Estimate Margin of Error SCHOOL ENROLLMENT Population 3 years and over enrolled in school Selected Social Characteristics Estimate Margin of Error PLACE OF BIRTH Nursery school, preschool Kindergarten Elementary school (gr. 1-8) High school (grades 9-12) 14,632 1,069 741 5,441 2,876 College or graduate school 4,505 +/-1,154 Total population +/-304 Native +/-262 Born in United States State of residence +/-715 Different state +/-629 68,372 51,095 49,621 20,107 29,514 +/-63 +/-1,680 +/-1,578 +/-1,669 +/-1,607 1,474 17,277 +/-446 +/-1,674 17,277 8,186 9,091 +/-1,674 +/-1,192 +/-1,484 18,751 1,474 320 +/-1,569 +/-446 +/-201 1,154 +/-369 17,277 6,761 10,516 +/-1,674 +/-1,246 +/-1,304 68,372 +/-63 10,618 6,735 6,172 4,906 4,634 4,151 2,241 +/-1,754 +/-963 +/-1,115 +/-729 +/-786 +/-896 +/-581 2,000 +/-522 Born in Puerto Rico, U.S. Island areas, or EDUCATIONAL ATTAINMENT +/-752 abroad to American parent(s) Foreign born Less than 9th grade 9th to 12th grade, no diploma 50,085 2,947 4,260 U.S. CITIZENSHIP STATUS +/-1,128 Foreign-born population +/-728 Naturalized U.S. citizen +/-825 Not a U.S. citizen High school graduate (includes equivalency) 14,232 +/-1,358 Some college, no degree Associate's degree Bachelor's degree 11,439 4,574 8,527 Population 25 years & over Graduate or professional degree % high school grad./ higher % bachelor's degree/ higher 4,106 X X MARITAL STATUS Males 15 years and over 27,469 Never married Now married, exc. separated Separated Widowed Divorced 10,331 12,090 566 1,379 3,103 Females 15 years and over 30,551 Never married Now married, except separated Separated Widowed Divorced RESIDENCE 1 YEAR AGO Population 1 year and over Same house Different house in the U.S. Same county Different county Same state Different state Abroad 9,421 12,013 YEAR OF ENTRY Population born outside the United +/-955 States +/-749 Native +/-849 Entered 2000 or later +/-654 Entered before 2000 X Foreign born X Entered 2000 or later Entered before 2000 ANCESTRY +/-896 Total population West Indian (excluding Hispanic origin +/-1,006 groups) +/-808 Irish +/-361 Italian +/-292 German +/-622 English American +/-914 Polish +/-1,003 Russian +/-856 French (except Basque) 1,597 +/-548 1,009 +/-396 Scottish 791 +/-324 3,688 +/-510 Dutch 743 +/-258 4,420 +/-648 Subsaharan African French Canadian Swedish 299 384 429 +/-182 +/-274 +/-181 +/-255 Hungarian 314 +/-130 337 320 68 249 240 147 +/-182 +/-184 +/-58 +/-130 +/-220 +/-93 67,785 55,942 11,010 7,255 3,755 1,926 1,829 +/-1,580 +/-1,424 +/-1,363 +/-915 +/-604 +/-664 833 +/-517 Scotch-Irish Czech Swiss Ukrainian Arab Norwegian TABLE 3. YEAR 1970 1980 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2015 2020 POPULATION TRENDS 1970-2012 AND PROJECTIONS FOR 2015 AND 2020 POPULATION 18,115 35,624 44,056 46,310 47,451 46,194 47,022 48,144 48,428 48,848 49,085 50,940 52,311 53,635 55,483 60,389 61,816 62,847 64,593 65,208 65,601 67,071 66,872 66,671 66,978 68,217 68,409 68,741 72,336 76,603 ANNUAL % CHANGE X X X 5.12% 2.46% -2.60% 1.79% 2.39% 0.59% 0.87% 0.49% 3.78% 2.69% 2.53% 3.45% 8.84% 2.36% 1.67% 2.78% 0.95% 0.60% 2.24% -0.30% -0.30% 0.46% 1.85% 0.28% 0.49% 1.70% 1.15% Source: US Census for 1970, 1980, 1990, 2000 and 2010; Bureau of Economic and Business Research (BEBR), University of Florida and Palm Beach County estimates for the remaining years; Palm Beach County projections for 2015 and 2020 TABLE 4. POPULATION CHANGES BY CENSUS TRACT, 2000-2010 CENSUS TRACTS POPULATION 2000 POPULATION 2010 CHANGE (%) 2000/2010 54.03/ now 54.11 56.00/ now 56.01 137 1,605 109 -20.4% 57.01 57.02 58.04/(now 58.10 & 58.11) 58.05/(now 58.12 & 58.13) 58.06 58.07 58.08 58.09 (now 58.16 & 58.17) 60.02/(now 60.09 & 60.10) 60.03/now 60.12 60.05 60.07 60.08 61.00 3,728 5,533 1,962 3,428 5 7 1,270 7,394 4,975 2,458 3,703 2,673 1,268 4,508 5112* 6,185 2,255 4,584 4,717 7,735 5,661 2,364 3,673 3,163 1,254 -4.3% 11.8% 14.9% 33.7% x x 43.7% 13.8% -3.8% -0.8% 18.3% -1.1% 62.01 62.02 62.03 63.00 66.02 66.03 4,139 1,765 2,328 4,468 589 2,446 8,345* 2,110 2,161 5,068 601 3,120 -3.5% 19.5% -7.2% 13.4% 2.0% 27.6% CITY TOTAL 60,389 54,760 13.0% Source: U.S. Census 2000 and 2010 * The census tract geography underwent changes in 2010. The new Census 2010 tract numbers are noted alongside the 2000 ones. In four cases (tracts 56.01 and 57.01 and also 61.00 and 62.01) tract boundary adjustment necessitated aggregation so that the overall 2000-2010 population change for the area could be calculated. TABLE 5. CENSUS TRACT 54.11 56.01 57.01 57.02 58.08 58.10 58.11 58.12 58.13 58.16 58.17 60.05, 60.07 60.08 60.09, 60.10, 60.12 61.00 62.01, 62.02, 62.03, 63.00 66.02 66.03 TOTAL POPULATION AGE DISTRIBUTION BY CENSUS TRACT, CENSUS 2010 Under 18 18 to 34 TOTAL years POPULATION 109 1 1 1501 374 345 3611 890 748 6185 1524 1334 4717 741 1733 240 0 2 2,015 433 266 833 141 380 3,751 768 1,148 4,843 1,011 949 2,892 831 537 3,673 554 514 3,163 888 857 1,254 192 183 1,938 9 26 3,723 694 1,108 2,364 491 492 3,726 836 842 4,619 1,198 1,183 2,110 194 447 2,161 214 282 5,068 860 1,009 601 133 67 3,120 173 279 68,217 13,150 14,732 35 to 49 years 50 to 64 years 65 to 84 years 4 304 612 1123 1042 6 467 187 964 1,255 814 684 720 218 62 721 582 781 1,072 319 261 1,068 132 227 13,625 15 244 639 1347 638 65 355 104 602 997 499 760 373 241 334 594 497 772 832 392 347 1,026 167 303 12,143 69 203 601 777 299 145 418 19 228 550 191 884 190 357 1,207 504 242 432 287 637 793 917 91 1,727 11,768 85 years and 65 years Percent 65 over and over and over 19 19 17.4% 31 31 2.1% 121 121 3.4% 80 80 1.3% 264 264 5.6% 22 167 69.6% 76 494 24.5% 2 21 2.5% 41 269 7.2% 81 631 13.0% 20 211 7.3% 277 1,161 31.6% 135 325 10.3% 63 420 33.5% 300 1,507 77.8% 102 606 16.3% 60 302 12.8% 63 495 13.3% 47 334 7.2% 121 758 35.9% 264 1,057 48.9% 188 1,105 21.8% 11 102 17.0% 411 2,138 68.5% 2,799 21.40% 14,567 Median age 75.4 36.2 39.3 38.5 33.7 70.3 45.1 30.2 34.5 40.3 36.9 51.4 31.9 52.2 73.8 36.0 40.8 39.6 34.0 53.7 64.3 44.5 47.4 74.4 41.9 TABLE 6. POPULATION BY RACE/HISPANIC ORIGIN BY CENSUS TRACT, CENSUS 2010 CENSUS TRACT Total Population White alone 54.11 56.01 57.01 57.02 58.08 58.10 58.11 58.12 58.13 58.16 58.17 60.05, 60.07 60.08 60.09, 60.10, 60.12 61.00 62.01, 62.02, 62.03, 63.00 66.02 66.03 TOTAL 109 1,501 3,611 6,185 4,717 240 2,015 833 3,751 4,843 2,892 3,673 3,163 1,254 1,938 3,723 2,364 3,726 4,619 2,110 2,161 5,068 601 3,120 68,217 108 591 1,312 1,978 3,575 234 1,562 565 2,661 3,532 1,871 2,973 1,203 931 1,894 2,150 1,782 1,023 1,994 1,839 1,597 3,838 555 2,831 42,599 1 763 2,033 3,806 680 1 302 201 711 778 644 496 1,686 248 12 1,285 452 2,549 2,209 162 416 987 27 197 20,646 0 5 14 56 17 0 2 2 6 6 2 4 4 8 1 7 10 5 20 7 11 6 0 3 196 0 10 19 44 191 0 84 14 151 227 178 70 67 37 6 58 37 22 40 36 75 63 9 35 1,473 Native Hawaiian/ Other Pacific Islander alone 0 3 1 1 4 0 0 0 2 1 1 1 1 0 0 3 1 3 0 0 0 4 0 0 26 Percent of total 100.0% 62.4% 30.3% 0.3% 2.2% 0.0% American Black or African Indian/ Alaska American alone Native alone Asian alone Some Other Race alone Two or Hispanic More or Latino Races 0 404 577 673 689 18 247 146 700 786 484 281 340 136 108 565 305 233 791 243 240 505 42 189 0 90 138 168 114 2 38 25 122 157 98 66 103 19 10 134 32 51 230 25 42 85 1 27 1,777 0 39 94 132 136 3 27 26 98 142 98 63 99 11 15 86 50 73 126 41 20 85 9 27 1,500 8,702 2.6% 2.2% 12.8% TABLE 7. HOUSEHOLD CHARACTERISTICS BY CENSUS TRACT, CENSUS 2010 Total Family HusbandCENSUS TRACT Households Households Wife Family 54.11 56.01 57.01 57.02 58.08 58.10 58.11 58.12 58.13 58.16 58.17 60.05 60.07 60.08 60.09 60.10 60.12 61.00 62.01 62.02 62.03 63.00 66.02 66.03 72 498 1,328 2,115 2,262 152 825 434 1,701 1,971 1,048 1,723 1,173 582 1,270 1,520 889 1,445 1,486 1,211 1,264 2,263 235 1,637 35 352 813 1,352 1,038 67 566 190 906 1,305 782 974 767 338 554 853 566 859 961 488 476 1,183 179 966 35 207 496 795 694 60 454 89 584 950 562 728 381 279 487 544 404 437 554 382 342 871 143 879 With Own Children Under 18 Female Householder w/Children under 18 One-Person Households 0 73 186 282 279 0 189 37 259 384 310 190 202 81 0 193 163 148 292 54 52 298 55 63 0 46 117 188 124 0 31 40 133 129 102 59 212 22 0 111 57 144 142 39 43 120 8 30 37 121 441 613 913 72 211 168 587 515 204 619 303 194 666 470 242 470 382 602 706 834 38 567 Percent One- Average Percent Household Person Family Size Households Households 48.6% 70.7% 61.2% 63.9% 45.9% 44.1% 68.6% 43.8% 53.3% 66.2% 74.6% 56.5% 65.4% 58.1% 43.6% 56.1% 63.7% 59.4% 64.7% 40.3% 37.7% 52.3% 76.2% 59.0% 51.4% 24.3% 33.2% 29.0% 40.4% 47.4% 25.6% 38.7% 34.5% 26.1% 19.5% 35.9% 25.8% 33.3% 52.4% 30.9% 27.2% 32.5% 25.7% 49.7% 55.9% 36.9% 16.2% 34.6% 1.51 3.01 2.72 2.85 2.02 1.58 2.44 1.92 2.21 2.46 2.76 2.13 2.62 2.15 1.53 2.34 2.53 2.58 3.11 1.71 1.71 2.18 2.56 1.81 TABLE 8. HOUSEHOLD INCOME DISTRIBUTION BY CENSUS TRACT, 2008 CENSUS TRACT Total number of Households Less than $15,000 $15,000024,999 $25,00034,999 $35,00049,999 $50,00074,999 $75,00099,999 $100,000149,999 $150,000249,999 $250,000499,999 $500,000 or more Percent households with income of $75,000 and over Median household income 54.03 56.00 57.01 57.02 58.04 58.05 58.06 58.07 58.08 58.09 60.02 60.03 60.05 60.07 60.08 61.00 62.01 62.02 62.03 63.00 66.02 66.03 77 714 1,484 1,996 1,038 1,858 2 3 1,294 3,598 3,084 1,083 1,868 1,120 701 1,822 1,352 1,024 1,468 2,154 252 1,630 8 74 216 435 144 124 0 0 256 156 467 85 159 127 26 362 136 175 235 267 14 126 5 95 238 313 107 159 0 0 125 307 401 114 266 119 24 298 137 125 269 265 13 180 5 94 221 243 118 254 0 0 128 392 609 113 309 226 58 236 197 151 232 281 17 163 10 118 267 444 143 429 0 1 259 594 431 171 298 193 84 310 350 126 323 409 21 189 11 147 268 339 246 422 0 1 352 861 658 271 423 246 133 266 279 197 269 449 52 248 6 70 174 135 153 221 0 0 118 629 243 141 248 100 102 112 144 129 81 214 42 184 11 78 83 56 91 205 0 0 56 486 223 130 120 55 111 168 94 50 37 191 53 175 7 24 11 23 31 41 0 0 0 157 52 42 29 36 74 37 10 60 22 45 25 198 6 12 4 8 4 3 0 0 0 12 0 13 14 14 45 28 5 8 0 20 8 106 8 3 4 0 0 1 0 0 0 2 0 3 2 3 44 5 0 3 0 13 7 61 49.4% 26.2% 18.6% 11.1% 26.9% 25.3% 0.0% 0.0% 13.4% 35.7% 16.8% 30.4% 22.1% 18.6% 53.6% 19.2% 18.7% 24.4% 9.5% 22.4% 53.6% 44.4% $75,180 $46,339 $39,715 $35,252 $50,615 $48,607 $37,700 $50,483 $41,047 $59,773 $37,321 $54,901 $43,426 $40,595 $81,279 $35,641 $43,304 $41,875 $34,899 $43,722 $80,729 $67,188 CITY 29,622 3,592 3,560 4,047 5,170 6,138 3,246 2,473 924 310 159 24.0% $46,209 Source: Claritas, Inc. Note: The 2008 Claritas data is provided here due to the fact that the ACS no longer provides separate income data for portions of tracts within the City of Boynton Beach. This is the most recent income data available for ALL tracts, including those only partially within the City boundaries. 47 TABLE 9. EDUCATIONAL ATTAINMENT FOR POPULATION 25 AND OVER, 2008 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 Percent population over 25 with bachelor's or higher degree 54.03 56.00 57.01 57.02 58.04 58.05 58.06 58.07 58.08 58.09 60.02 60.03 60.05 60.07 60.08 61.00 62.01 62.02 62.03 63.00 66.02 66.03 119 1,215 2,468 3,678 1,640 2,981 3 7 1,993 6,260 4,918 1,846 3,085 1,926 1,128 3,139 2,583 1,530 2,338 3,840 432 2,782 2 162 301 420 61 75 0 0 62 198 280 65 116 58 12 405 236 56 108 250 5 44 5 249 408 682 221 271 1 1 252 580 771 202 360 146 52 651 523 233 431 413 29 200 18 313 752 1,084 615 748 1 2 579 1,539 1,488 575 1,168 677 228 1,076 693 494 847 1,235 79 893 33 194 544 691 301 850 1 2 501 1,609 1,167 427 723 524 280 404 719 319 544 849 103 685 7 64 122 289 120 236 0 1 139 749 256 152 163 132 75 164 177 68 102 264 35 114 33 154 216 334 218 546 0 1 251 1,181 670 283 345 297 329 308 179 261 183 496 134 567 21 79 125 178 104 255 0 0 209 404 286 142 210 92 152 131 56 99 123 333 47 279 45.4% 19.2% 13.8% 13.9% 19.6% 26.9% 0.0% 14.3% 23.1% 25.3% 19.4% 23.0% 18.0% 20.2% 42.6% 14.0% 9.1% 23.5% 13.1% 21.6% 41.9% 30.4% CITY 49,911 2,916 6,681 15,104 11,470 3,429 6,986 3,325 20.7% Source: Claritas, Inc. Note: The 2008 Claritas data is provided here due to the fact that the ACS no longer provides this data for portions of tracts within the City of Boynton Beach. This is the most recent idata available for ALL tracts, including those only partially within the City boundaries. TABLE 10. HAITIAN POPULATION BY CENSUS TRACT, 2000 CENSUS TRACT 54.03 56.0 57.01 57.02 58.04 58.05 58.08 58.09 60.02 60.03 60.05 60.07 60.08 61.0 62.01 62.02 62.03 63.0 66.02 66.03 Total population 145 1,664 3,641 5,533 1,925 3,106 1,242 7,146 4,975 2,594 3,703 2,726 1,269 4,508 4,139 1,657 2,436 4,546 563 2,433 Haitian population 0 170 259 695 0 4 0 332 100 107 82 508 29 283 806 0 220 414 0 0 % Haitian population 0.0% 10.2% 7.1% 12.6% 0.0% 0.1% 0.0% 4.6% 2.0% 4.1% 2.2% 18.6% 2.3% 6.3% 19.5% 0.0% 9.0% 9.1% 0.0% 0.0% Source: Census 2000, sample data Note: No updates are available for this data. For a map depicting distribution of Haitian population by census tracts wholly or partly within Boynton Beach, see "DemographicTrends" section of this report. Appe ndi xC HOUSI NGDATA TABLE 1. BOYNTON BEACH HOUSING PROFILE SELECTED HOUSING CHARACTERISTICS HOUSING OCCUPANCY 1/ Total housing units Occupied housing units Vacant housing units ESTIMATE 36,289 29,104 6,686 Margin of Error SELECTED HOUSING CHARACTERISTICS VEHICLES AVAILABLE X No vehicles available X 1 vehicle available X 2 vehicles available 3 or more vehicles available UNITS IN STRUCTURE 1-unit, detached 1-unit, attached 2 units 3 or 4 units 5 to 9 units 10 to 19 units 20 or more units Mobile home Boat, RV, van, etc. 36,310 4,559 589 2,236 1,998 3,003 8,329 551 50 +/-1,081 +/-593 +/-198 +/-419 +/-452 +/-531 +/-719 +/-216 +/-81 YEAR STRUCTURE BUILT Built 2005 or later 2,140 +/-451 Owner-occupied units VALUE Less than $50,000 $50,000 to $99,999 $100,000 to $149,999 $150,000 to $199,999 $200,000 to $299,999 $300,000 to $499,999 $500,000 to $999,999 $1,000,000 or more Median (dollars) ESTIMATE Margin of Error 2,037 13,887 9,295 2,523 +/-389 +/-945 +/-859 +/-439 18,612 +/-987 1,389 3,140 4,415 3,965 3,750 1,477 225 251 153,800 +/-299 +/-480 +/-593 +/-616 +/-583 +/-274 +/-134 +/-120 +/-5,972 11,210 1,538 7,379 468 +/-894 +/-87 +/-680 +/-14 11,210 2,290 1,585 1,330 661 5,344 23 7,229 1,693 1,437 838 928 545 170 1,618 150 +/-894 +/-468 +/-389 +/-305 +/-186 +/-696 +/-38 +/-665 +/-348 +/-294 678 1,412 811 870 521 4,341 497 +/-276 +/-373 +/-285 +/-298 +/-225 +/-656 +/-190 MORTGAGE STATUS/ SELECTED Built 2000 to 2004 Built 1990 to 1999 Built 1980 to 1989 Built 1970 to 1979 Built 1960 to 1969 Built 1950 to 1959 4,228 4,580 8,214 10,378 9,960 2,317 +/-641 MONTHLY OWNER COSTS +/-571 Hs units with a mortgage +/-813 Median (dollars) cost +/-777 Hs units without a mortgage +/-752 Median (dollars) cost +/-476 MONTHLY OWNER COSTS AS % OF Built 1940 to 1949 Built 1939 or earlier 310 157 BEDROOMS No bedroom 1 bedroom 2 bedrooms 3 bedrooms 4 bedrooms 5 or more bedrooms 437 5,732 17,721 9,773 2,143 504 HOUSING TENURE 1/ Occupied housing units Owner-occupied Renter-occupied 29,104 19,316 9,788 X X X 2.28 2.36 X X Average household size, O/O Average household size, R/O +/-129 HOUSEHOLD INCOME +/-152 Housing unit with a mortgage Less than 20.0 percent 20.0 to 24.9 percent +/-231 25.0 to 29.9 percent +/-715 30.0 to 34.9 percent +/-1,133 35.0 percent or more +/-865 Not computed +/-484 Unit without a mortgage +/-204 Less than 10.0 percent 10.0 to 14.9 percent 15.0 to 19.9 percent 20.0 to 24.9 percent 25.0 to 29.9 percent 30.0 to 34.9 percent 35.0 percent or more Not computed +/-225 +/-310 +/-196 +/-100 +/-334 +/-107 GROSS RENT AS % OF HOUSEHOLD INCOME YEAR HOUSEHOLD MOVED IN Moved in 2005 or later Moved in 2000 to 2004 Moved in 1990 to 1999 Moved in 1980 to 1989 Moved in 1970 to 1979 Moved in 1969 or earlier 13,052 5,611 5,314 2,329 1,096 340 +/-1,018 +/-613 +/-686 +/-456 +/-330 +/-147 Less than 15.0 percent 15.0 to 19.9 percent 20.0 to 24.9 percent 25.0 to 29.9 percent 30.0 to 34.9 percent 35.0 percent or more Not computed Source: 1/ U.S. CENSUS 2010; all other items from the American Community Survey (pooled samples 2009-2011) TABLE 2. BOYNTON BEACH HOUSING INVENTORY 2012 TYPE OF DWELLING Single family homes Zero-lot line homes Single Family total Townhomes/villas Condominiums Coops Apartments Mobile Homes TOTAL NO. OF DWELLINGS NO. OF DWELLINGS 10,987 3,059 14,046 3,851 12,382 246 4,584 437 35,546 Source: Palm Beach County Appraiser's Office, Development Department, Fire Department Notes: *The total number of dwellings in Table 2 is lower than the Census 2010-based number in Table 1, possibly due to the underestimated 2012 number of apartments. *The figure for mobile homes is an estimate. TABLE 3. CHANGES IN HOUSING STOCK BY CENSUS TRACT, 2000-2010 CENSUS TRACTS NUMBER OF HOUSING UNITS 2000 2010 54.03/ now 54.11 56.00/ now 56.01 57.01 57.02 58.04/(now 58.10 & 58.11) 58.05/(now 58.12 & 58.13) 58.06 58.07 58.08 58.09 (now 58.16 & 58.17) 60.02/(now 60.09 & 60.10) 60.03/now 60.12 60.05 60.07 60.08 61.00 62.01 62.02 62.03 63.00 66.02 66.03 168 620 1,791 2,228 988 2,121 1 3 712 3,205 3,140 1,020 1,918 1,099 678 1,794 1,491 1,585 1,616 2,289 236 1,940 CITY TOTAL 30,643 CHANGE (%) 2000/2010 145 -13.7% 2,407 2,644 1,125 2,330 2,955 3,416 3,447 1,039 2,012 1,264 647 -0.1% 18.7% 13.9% 9.9% x x 315.0% 6.6% 9.8% 1.9% 4.9% 15.0% -4.6% 3,493 2,087 1,714 3,125 253 2,185 6.3% 31.7% 6.1% 36.5% 7.2% 12.6% 36,288 18.4% Source: U.S. Census 2000 and 2010 * The census tract geography underwent changes in 2010. The new Census 2010 tract numbers are noted alongside the 2000 ones. In two cases (tracts 56.01 and 57.01 and also 61.00 and 62.01) tract boundary adjustment necessitated aggregation so that the overall 2000-2010 change in number of housing units for the area could be calculated. TABLE 4. CHANGES IN TENANCY STATUS BY CENSUS TRACT, 2000-2010 OCCUPIED CENSUS TRACT 54.03/ now 54.11 56.00/ now 56.01 57.01 57.02 58.04/(now 58.10 & 58.11) 58.05/(now 58.12 & 58.13) 58.06 58.07 58.08 58.09 (now 58.16 & 58.17) 60.02/(now 60.09 & 60.10) 60.03/now 60.12 60.05 60.07 60.08 61.00 62.01 62.02 62.03 63.00 66.02 66.03 CITY TOTAL HOUSING UNITS 2000 79 534 1,459 1,920 880 1,732 1 3 644 3,029 2,717 963 1,782 1,052 592 1,606 1,419 1,053 1,281 1,905 224 1,335 26,210 OWNER-OCCUPIED 2,931 1,211 1,264 2,263 235 1,637 Number 2000 71 439 1,111 1,407 842 577 1 3 383 2,488 2,158 702 1,658 289 402 901 955 715 930 1,609 216 1,215 29,104 19,072 2010 72 1,826 2,115 977 2,135 0 0 2,262 3,019 2,790 889 1,723 1,173 582 RENTER-OCCUPIED Percent Number Percent 2000 2010 2010 89.9% 64 88.9% 82.2% 76.1% 1,387 76.0% 73.3% 1,240 58.6% 95.7% 929 95.1% 33.3% 960 45.0% 100.0% x 100.0% x 59.5% 925 40.89% 82.14% 2,517 83.37% 79.4% 1,854 66.5% 72.9% 707 79.5% 93.0% 1,490 86.5% 27.5% 323 27.5% 67.91% 428 73.54% 56.1% 67.3% 1,675 57.1% 67.9% 677 55.9% 72.6% 775 61.3% 84.5% 1,636 72.3% 96.4% 220 93.6% 91.0% 1,509 92.2% 72.8% 19,316 66.4% Number Percent 2000 2000 8 10.1% 95 17.8% 348 23.9% 513 26.7% 38 4.3% 1155 66.7% 0.0% 0.0% 261 40.5% 541 17.86% 559 20.6% 261 27.1% 124 7.0% 763 72.5% 190 32.09% 705 43.9% 464 32.7% 338 32.1% 351 27.4% 296 15.5% 8 3.6% 120 9.0% 7,138 27.2% Number 2010 8 Percent 2010 11.1% 439 875 48 1,175 1,337 502 936 182 233 850 154 24.0% 41.4% 4.9% 55.0% x x 59.1% 16.6% 33.5% 20.5% 13.5% 72.5% 26.5% 1,256 534 489 627 15 128 42.9% 44.1% 38.7% 27.7% 6.4% 7.8% 9,788 33.6% Source: U.S.Census 2000 and 2010 * The census tract geography underwent changes in 2010. The new Census 2010 tract numbers are noted alongside the 2000 ones. In two cases (tracts 56.01 and 57.01 and also 61.00 and 62.01), tract boundary adjustement necessitated aggregation so that the overall 2000-2010 changes for the area could be calculated. TABLE 5. CHANGES IN HOUSING OCCUPANCY BY CENSUS TRACT, 2000-2010 CENSUS TRACT TOTAL OCCUPIED Housing Units Housing Units 2000 54.03/ now 54.11 56.00/ now 56.01 57.01 57.02 58.04/(now 58.10 & 58.11) 58.05/(now 58.12 & 58.13) 58.06 58.07 58.08 58.09 (now 58.16 & 58.17) 60.02/(now 60.09 & 60.10) 60.03/now 60.12 60.05 60.07 60.08 61.00 62.01 62.02 62.03 63.00 66.02 66.03 CITY TOTAL 168 620 1,791 2,228 988 2,121 1 3 712 3,205 3,140 1,020 1,918 1,099 678 1,794 1,491 1,585 1,616 2,289 236 1,940 30,643 2010 145 2,407 2,644 1,125 2,330 2,955 3,416 3,447 1,039 2,012 1,264 647 3,493 2,087 1,714 3,125 253 2,185 36,288 2000 2010 79 534 1,459 1,920 880 1,732 1 3 644 3,029 2,717 963 1,782 1,052 592 1,606 1,419 1,053 1,281 1,905 224 1,335 72 1,826 2,115 977 2,135 0 0 2,262 3,019 2,790 889 1,723 1,173 582 2,931 1,211 1,264 2,263 235 1,637 26,210 29,104 VACANT UNITS 2000 Seasonal/Recr. Use No. % of Total 89 86 332 308 108 389 0 0 68 176 423 57 136 43 86 188 72 532 335 384 12 605 53.0% 13.9% 18.5% 13.8% 10.9% 18.3% 0.0% 0.0% 9.6% 6.2% 13.5% 5.6% 7.1% 3.9% 7.5% 10.5% 4.8% 33.6% 20.7% 16.8% 5.1% 31.2% 4,429 14.5% No. % of Vacant 89 50 234 195 55 65 0 0 44 96 258 18 93 5 58 57 19 458 264 304 6 576 100.0% 58.1% 70.5% 63.3% 50.9% 16.7% X X 64.7% 57.4% 61.0% 31.6% 68.4% 11.6% 47.4% 30.3% 26.4% 86.1% 78.8% 79.2% 50.0% 95.2% 2,944 66.4% VACANT UNITS 2010 Seasonal/Recr. Use No. % of Total 72 Seasonal/ Recr. Use Recr. Use % all units % all units No. % of Vacant 2000 2010 49.7% 57 79.2% 39.3% 581 529 148 195 0 0 693 397 657 150 289 91 65 24.1% 20.0% 13.2% 8.4% X X 23.5% 11.6% 19.1% 14.4% 14.4% 7.2% 10.0% 361 197 67 44 X X 87 59 435 55 108 9 38 62.1% 37.2% 45.3% 22.6% X X 12.6% 14.9% 66.2% 36.7% 37.4% 9.9% 58.5% 562 876 450 862 18 548 16.1% 42.0% 26.3% 27.6% 7.1% 25.1% 147 445 271 501 5 444 26.2% 50.8% 60.2% 58.1% 27.8% 81.0% 53.0% 8.1% 13.1% 8.8% 5.6% 3.1% X X 6.2% 3.0% 8.2% 1.8% 4.8% 0.5% 8.6% 3.2% 1.3% 28.9% 16.3% 13.3% 2.5% 29.7% 46.4% 9.6% 9.2% 7,183 19.8% 3,330 Source: U.S. Census 2000 and 2010 * The census tract geography underwent changes in 2010. The new Census 2010 tract numbers are noted alongside the 2000 ones. In two cases (tracts 56.01 and 57.01 and also 61.00 and 62.01), tract boundary adjustement necessitated aggregation so that the overall 2000-2010 changes for the area could be calculated. Seasonal/ 15.0% 7.5% 6.0% 1.9% X X 2.9% 1.7% 12.6% 5.3% 5.4% 0.7% 5.9% 4.2% 21.3% 15.8% 16.0% 2.0% 20.3% TABLE 6. VALUE DISTRIBUTION OF OWNER-OCCUPIED UNITS BY CENSUS TRACT, 2008 CENSUS TRACT ALL OWNEROCCUPIED UNITS MEDIAN Less than $40,000 - $80,000 - $100,000- $150,000- $200,000- $300,000- $400,000 VALUE $40,000 79,999 99,000 149,000 199,999 299,999 399,999 or more 54.03 65 $ 715,485 0 1 1 5 6 7 4 41 56.00 57.01 57.02 482 1,140 1,481 $ $ $ 168,122 108,567 179,990 11 64 37 42 421 154 33 57 84 112 166 192 99 274 476 89 141 351 31 16 64 65 0 123 58.04 58.05 58.06 58.07 1,005 891 2 2 $ $ $ $ 141,372 205,166 150,298 277,720 44 139 0 0 214 113 0 0 84 36 0 0 188 78 0 0 75 61 0 0 82 232 0 1 236 145 0 0 83 87 0 0 58.08 58.09 60.02 814 3,034 2,440 $ $ $ 236,737 283,856 179,877 24 154 0 0 40 75 0 8 69 0 64 565 218 205 837 269 1,229 745 181 792 91 121 542 58 60.03 843 $ 212,298 0 9 6 64 296 272 83 112 60.05 1,738 $ 233,738 20 0 0 87 289 868 335 139 60.07 565 $ 343,491 0 0 0 8 2 216 131 209 60.08 594 $ 436,323 0 0 0 0 18 122 119 334 61.00 1,051 $ 196,147 0 53 43 173 277 319 88 98 62.01 908 $ 229,963 0 0 3 80 208 451 133 33 62.02 696 $ 138,710 17 110 50 213 141 70 18 77 62.03 1,077 $ 122,409 0 153 165 390 266 71 16 16 63.00 1,793 $ 233,575 25 56 65 225 289 581 335 217 66.02 66.03 237 1,490 $ $ 595,103 224,033 0 5 0 9 0 46 0 373 1 255 13 211 31 92 191 500 Source: Claritas, Inc. Note: The 2008 Claritas data is provided here due to the fact that the ACS no longer provides separate data for portions of tracts within the City of Boynton Beach. This is the most recent value data available for ALL tracts, including those only partially within the City boundaries. See Table 6A to see 2007-2011 pooled values; data for census tracts which do not coincide within the city boundaries apply for the entire tract area. 55 TABLE 6A. VALUE DISTRIBUTION OF OWNER-OCCUPIED UNITS, 2007-2011 CENSUS TRACT ALL OWNEROCCUPIED UNITS 54.11 56.01 57.01 57.02 58.08 58.10 58.11 58.12 58.13 58.16 58.17 60.05 60.07 60.08 60.09 60.10 60.12 61.00 62.01 62.02 62.03 63.00 66.02 66.03 1,504 946 1,353 1,271 805 1,085 1,359 784 1,410 1,978 1,310 1,617 619 1,036 1,137 796 1,014 720 918 681 905 1,842 1,211 2,093 CITY TOTAL 28,394 MEDIAN Less than VALUE $40,000 79,999 99,000 149,000 199,999 299,999 399,999 or more 33 81 136 25 0 360 193 197 154 95 0 17 0 40 54 0 36 29 8 25 96 53 10 15 58 132 320 148 34 418 29 203 312 150 52 55 0 0 162 29 37 35 10 100 99 70 0 184 30 59 103 210 85 72 0 93 68 0 30 100 8 12 176 82 32 57 27 146 208 123 13 135 93 275 433 229 73 142 142 18 112 420 0 511 69 45 288 371 206 108 131 105 276 211 13 310 107 133 210 207 201 16 287 85 283 437 200 477 121 107 347 138 220 164 192 146 150 371 17 186 180 248 151 200 316 0 333 121 195 647 589 277 222 342 110 176 361 93 355 78 66 612 213 338 115 5 0 148 88 13 299 52 162 130 276 110 106 119 0 0 122 160 157 45 10 186 303 472 888 13 0 104 8 64 76 15 124 99 163 70 93 371 0 0 0 74 38 36 0 216 642 453 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 575,800 134,300 112,200 155,400 202,700 59,800 209,100 73,300 171,400 187,400 243,300 160,100 254,300 293,600 129,800 138,100 194,800 192,200 214,600 129,400 105,300 217,200 417,700 245,500 $40,000 - $80,000 - $100,000- $150,000- $200,000- $300,000- $400,000 172,700 Source: American Community Survey, 2007-2011 (pooled samples) Notes: * Census tracts with numbers in bold italic font are wholly within the City's boundaries. See Appendix A for a Census Tract Map. ** During the sampling period, housing in most of the City neigborhood continued to lose value. This data was provided for a general tract-level comparison. TABLE 7. RESIDENTIAL BUILDING PERMITS, 1991-2012 No. of Permits Issued (No. of Units) Construction Values (Current Dollars) Years Single-Family Homes Multifamily Units 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Total 156 117 195 97 366 417 414 242 168 161 135 51 114 28 159 107 29 36 36 10 0 35 3,073 478 208 6 34 385 333 12 392 395 122 912 366 211 1,119 1,135 347 385 460 0 2 234 310 7,846 Source: Building Department Single-Family Homes $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 14,344,395 10,176,029 15,959,339 8,839,026 31,758,038 35,979,761 40,243,857 25,068,196 18,745,507 17,193,484 15,521,390 4,481,524 9,755,550 3,147,133 32,313,922 25,689,002 20,092,009 4,656,498 4,254,528 724,000 3,087,255 X Multifamily Units $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 16,064,352 7,399,543 278,800 2,657,637 20,493,049 14,579,148 997,144 13,345,768 22,243,070 10,348,909 98,058,511 20,372,929 21,612,097 119,377,687 162,936,448 49,522,439 94,345,517 36,730,958 180,000 20,359,798 18,140,422 X Average Permit Value Single-Family Multifamily Homes Units $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 91,951 86,975 81,843 91,124 86,771 86,282 97,207 103,588 111,580 106,792 114,973 87,873 85,575 112,398 203,232 240,084 692,828 129,347 118,181 72,400 88,207 X $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ 33,607 35,575 46,467 78,166 53,229 43,781 83,095 34,045 56,312 84,827 107,520 55,664 102,427 106,682 143,556 142,716 245,053 79,850 $ 90,000 $ 90,000 $ 90,000 X Appe ndi xD COMMERCI ALDEVELOPMENT AND ECONOMI CDATA LIST OF TABLES TABLE 1. Boynton Beach Economic Profile Characteristics: ACS 2009-2011 TABLE 2. Changes in City’s Taxable Value by Land Use, 2000-2012 TABLE 3. Commercial and Industrial Building Permits, 1992-2012 TABLE 4. Commercial and Industrial Project Approvals, 2003-2012 TABLE 1. BOYNTON BEACH ECONOMIC PROFILE, 2009-2011 Selected Economic Characteristics Est INDUSTRY Civilian empl. population 16 yrs and older Agriculture/ forestry/fishing/hunting/mining Construction Manufacturing Wholesale trade Retail trade Transportation/warehousing/ utilities Information Finance and insurance, and real estate and rental and leasing Professional, scientific, and management, and administrative and waste management services Educational services, and health care, and social assistance Arts, entertainment/recreation and accommodation/ food services Other services, except publ. admin. Public administration 30,508 219 1,340 892 772 4,972 1,247 590 Margin of Error +/-1,311 +/-164 +/-326 +/-314 +/-336 +/-878 +/-370 +/-229 INCOME AND BENEFITS (IN 2011 INFLATION-ADJUSTED $$) Total number of households income: Less than $10,000 $10,000 to $14,999 $15,000 to $24,999 $25,000 to $34,999 $35,000 to $49,999 $50,000 to $74,999 $75,000 to $99,999 $100,000 to $149,999 $150,000 to $199,999 $200,000 or more Median household income ($$) Mean household income ($$) with 586 510 1,961 1,908 2,024 2,995 1,992 +/-204 +/-273 +/-441 +/-372 +/-375 +/-510 +/-398 $100,000 to $149,999 1,927 +/-514 3,744 +/-796 $150,000 to $199,999 839 +/-239 7,359 +/-987 $200,000 or more 233 +/-102 4,100 +/-825 1,978 +/-473 1,395 +/-369 Median family income ($$) Mean family income ($$) 52,984 +/-4,094 66,744 +/-4,711 Per capita income ($$) 24,630 +/-1,295 Nonfamily households Median nonfamily income ($$) 12,767 +/-992 34,893 +/-5,457 Mean nonfamily income ($$) 41,779 +/-2,714 Median earnings for workers ($$) Median earnings for male full-time, yearround workers ($$) 29,152 +/-3,418 24,778 +/-1,157 3,946 +/-600 1,742 +/-558 42 +/-47 27,742 +/-923 2,081 1,882 3,824 3,516 4,055 5,134 3,162 2,904 890 294 42,468 56,057 +/-418 +/-424 +/-577 +/-520 +/-560 +/-663 +/-526 +/-564 +/-242 +/-115 +/-2,262 +/-2,852 With earnings Mean earnings ($$) 19,110 +/-838 57,834 +/-3,202 With Social Security Mean Social Security ($$) With retirement income Mean retirement inc. ($$) With Suppl. Security Income Mean Supplemental Security Income ($$) With cash public assistance income 10,638 16,892 4,478 20,696 813 8,387 386 With Food Stamps in the past 12 months Total number of families with income: Less than $10,000 $10,000 to $14,999 $15,000 to $24,999 $25,000 to $34,999 $35,000 to $49,999 $50,000 to $74,999 $75,000 to $99,999 1,900 +/-385 CLASS OF WORKER Private wage and salary workers Government workers Self-employed workers in own not incorporated business Unpaid family workers Margin of Error 14,975 +/-654 Selected Economic Characteristics Estimate +/-743 +/-768 +/-469 +/-2,644 +/-242 +/-1,957 +/-162 2,266 +/-447 Median earnings for female full-time, yearround workers ($$) 41,213 +/-1,828 36,756 +/-1,896 PERCENTAGE OF PEOPLE w/INCOME BELOW THE POVERTY LEVEL IN THE PAST 12 MONTHS All people Under 18 years 18 years and over 18 to 64 years 65 years and over People in families Unrel. individuals 15 years and over COMMUTING TO WORK Mean travel time to work (minutes) 17.1% 29.6% 14.3% 15.5% 11.0% 16.2% 19.5% 22.2 +/-2.6 +/-7.1 +/-2.0 +/-2.5 +/-2.3 +/-3.6 +/-3.4 +/-1.1 Source: U.S. Census, American Community Survey, 2009-2011 (pooled samples) TABLE 2. CHANGES IN CITY'S TAXABLE VALUE OF RESIDENTIAL, COMMERCIAL AND INDUSTRIAL LAND USES, 2000-2012 2000 2003 2005 2007 3,975,909,602 5,869,516,099 5,344,481,475 4,414,576,000 75.2% 1,041,562,823 17.7% 3,851,131,700 72.1% 1,051,563,834 19.7% 374,727,428 7.0% TOTAL TAXABLE* 2,221,736,564 2,975,816,191 in which real property: 1.Residential in % of total taxable 2.Commercial in % of total taxable 3.Industrial in % of total taxable 1,517,349,529 68.3% 549,948,956 24.8% 154,438,079 7.0% 2,134,737,593 2,896,500,399 71.7% 72.9% 594,520,063 770,213,540 20.0% 19.4% 206,869,860 249,268,290 7.0% 6.3% 2009 2008 346,890,038 5.9% 2010 2011 2012 3,522,987,585 3,449,429,826 TOTAL TAXABLE* 4,364,061,452 3,631,168,241 in which real property: 1.Residential in % of total taxable 2.Commercial in % of total taxable 3.Industrial in % of total taxable 2,923,891,282 67.0% 964,633,059 22.1% 412,852,303 9.5% 2,389,870,003 65.8% 835,657,178 23.0% 352,737,660 9.7% Source: Palm Beach County Appraiser's Office *Includes all real property; values per the first certified tax roll 2,372,668,214 67.3% 746,944,112 21.2% 348,003,702 9.9% 2,312,553,079 67.0% 739,282,258 32.0% 338,673,090 9.8% TABLE 3. NON-RESIDENTIAL BUILDING PERMIT VALUES, 1992-2012 Year 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 May $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ Construction Values (Current Dollars) 15,483,480 16,522,970 5,626,216 5,244,776 3,888,000 12,315,005 22,568,663 18,377,934 36,898,723 17,052,582 7,329,262 30,009,225 63,941,812 58,371,103 82,091,208 17,663,588 23,017,955 5,600,000 1,639,500 12,692,153 7,674,116 15,310,000 Source: Building Department Note: Includes commercial, industrial and institutional construction. TABLE 4. NEW COMMERCIAL AND INDUSTRIAL PROJECT APPROVALS, 2003-2012 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Square Footage Retail 155,254 147,263 454,430 73,267 - - - 93,755 - - Office 37,225 158,386 165,972 45,058 39,290 6,087 15,869 3,716 14,272 5,950 ALL COMMERCIAL 192,479 305,649 620,402 118,325 39,290 6,087 15,869 97,471 14,272 5,950 Warehouse/Dist. 144,576 17,727 33,866 133,911 - 7,953 - - - - Manufacturing 182,430 - - - - - - ALL INDUSTRIAL 327,006 - 7,953 - - - - Source: Development Department 17,727 33,866 133,911 Appe ndi xE SELECTED COUNTYDATA TABLE 1. PALM BEACH COUNTY PROFILE OF SELECTED DEMOGRAPHIC, HOUSING AND ECONOMIC CHARACTERISTICS, 2009-2011 Selected Characteristics Total population, 2012 estimate SEX AND AGE Male Female Median age (years) 18 years and over 21 years and over 62 years and over 65 years and over RACE Total population One race White Black or African American American Indian and Alaska Native Asian Native Hawaiian/Other Pacific Islander Two or more races HISPANIC OR LATINO Hispanic or Latino (of any race) HOUSEHOLDS BY TYPE Total households Family households (families) Married-couple families Nonfamily households Householder living alone 65 years and over Average household size Average family size PLACE OF BIRTH Total population Native Foreign born Naturalized U.S. citizen Not a U.S. citizen Estimate 1,321,827 Civilian employed population 16 years and over 48.4% OCCUPATION 51.6% Management, business,science, and arts 43.6 occupations 79.7% Service occupations 76.0% Sales and office occupations 25.1% Natural resources, construction and 21.7% maintenance occupatios 1,321,827 98.4% 76.5% 17.2% 0.2% 2.3% 0.0% 1.2% 252,237 Speak English less than "very well" TOTAL HOUSING UNITS Occupied housing units HOUSING TENURE 1,251,185 Median household income ($$) 72.1% With earnings 27.9% Mean earnings (dollars) 13.0% With Social Security income Median family income ($$) 520,524 71.8% Renter-occupied 28.2% Source: US Census, American Community Survey Estimate 572,078 35.0% 22.0% 26.9% 8.9% 1.3% 6.8% 4.4% 2.9% 13.7% 4.4% 2.0% 8.0% 14.2% 20.7% 11.5% 6.1% 4.0% 82.0% 11.9% 6.0% 0.2% INCOME in the past 12 months Owner-occupied Median Housing Value (dollars) INDUSTRY Agriculture, forestry, fishing and hunting, and mining Construction Manufacturing Wholesale trade Retail trade Transport./warehousing/utilities Information Finance and insurance, and real estate and rental and leasing Prof./scientific/management and administr./waste management Educ./health/social assistance Arts, entertainment, and recreation, and accommodation, and food services Other services, exc. public admin. Public administration 520,524 61.3% 45.4% 38.7% 31.9% 15.2% 2.50 3.17 CLASS OF WORKER Private wage and salary workers 1,321,827 Government workers 1,024,899 Self-employed workers in own not 296,928 incorporated business 136,008 Unpaid family workers 160,920 LANGUAGE SPOKEN AT HOME Population 5 years and over English only Language other than English Selected Characteristics 207,400 Individuals Per capita income Median earnings for male full-time, yearround workers ($$) Median earnings for female full-time, yearround workers ($$) PERCENTAGE OF PEOPLE BELOW POVERTY LEVEL 50,783 69.7% 73,628 38.2% 62,277 31,616 44,510 37,828 14.80% TABLE 2. SELECTED COMPARATIVE STATISTICS FOR BOYNTON BEACH, DELRAY BEACH AND BOCA RATON Population 2012 (University of Florida, BEBR) Median Household Income 2009-2011 (US Census, ACS) BOYNTON BEACH DELRAY BEACH BOCA RATON WEST PALM BEACH 68,741 61,495 85,413 101,668 $42,468 $45,720 $68,823 $43,701 $135,000 $99,900 $206,000 $80,000 50,180 96,881 186,154 74,299 Median housing price 2012 (the Realtors Association of the Palm Beaches, Regional MLS, all housing types) Taxable property value per capita 2012 Municipal operating/Total millage rate 2012 (all taxing authorities) Other sources: Palm Beach County Appraiser's Office 7.600/22.6836 7.1992/22.8869 3.4100/19.8047 8.3465/23.6305 TABLE 3. POPULATION CHANGES IN PALM BEACH COUNTY POPULATION CENSUS 1990 POPULATION CENSUS 2000 POPULATION CENSUS 2010 CHANGE Boca Raton South Bay Manalapan Mangonia Park Delray Beach Gulfstream Tequesta Village Lantana Lake Worth Lake Park Atlantis Riviera Beach Ocean Ridge Highland Beach Cloud Lake Palm Beach Shores Belle Glade Golf Village North Palm Beach Glen Ridge Lake Clarke Shores Jupiter Inlet Colony Palm Beach Pahokee South Palm Beach Loxahatchee Groves Wellington 830 14,589 24,986 22,965 18,683 9,763 1,058 400 2,121 67,643 46,284 61,492 3,558 312 1,453 47,181 690 4,499 8,392 28,564 6,704 1,653 27,639 1,570 3,209 121 1,040 16,177 234 11,343 207 3,364 405 9,814 6,822 1,480 - 2,015 21,523 39,328 35,058 27,569 11,699 1,454 411 3,262 82,103 60,389 74,764 3,859 321 1,283 60,020 716 5,273 9,404 35,133 8,721 2,005 29,884 1,636 3,775 167 1,269 14,906 230 12,064 276 3,451 368 9,676 5,985 1,531 38,216 2,588 34,140 55,156 48,452 37,573 18,928 1,873 601 3,176 99,919 68,217 84,392 4,876 406 1,888 60,522 786 5,629 10,423 34,910 8,155 2,005 32,488 1,786 3,539 135 1,142 17,467 252 12,015 219 3,376 400 8,348 5,649 1,171 3,180 56,508 211.8% 134.0% 120.7% 111.0% 101.1% 93.9% 77.0% 50.3% 49.7% 47.7% 47.4% 37.2% 37.0% 30.1% 29.9% 28.3% 13.9% 25.1% 24.2% 22.2% 21.6% 21.3% 17.5% 13.8% 10.3% 11.6% 9.8% 8.0% 7.7% 5.9% 5.8% 0.4% -1.2% -14.9% -17.2% -20.9% x x TOTAL INCORPORATED Unincorporated county TOTAL 457,245 406,120 863,365 571,528 521,447 1,092,975 732,290 587,844 1,320,134 60.2% 44.7% 52.9% MUNICIPALITY Hypoluxo Royal Palm Beach Jupiter Palm Beach Gardens Greenacres City Palm Springs Haverhill Briny Breezes Juno Beach West Palm Beach Boynton Beach Source: Census 1990, 2000 and 2010 1990-2010 Breeze into Boynton Beach America’s Gateway to the Gulfstream City of Boynton Beach Department of Development 100 E. Boynton Beach Blvd. Boynton Beach, FL 33435 561-742-6350 www.boynton-beach.org