Lake Belvedere Estates, FL Profile: Facts & Data

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Lake Belvedere Estates, Florida - Basic Facts

The Lake Belvedere Estates Census Designated Place had a population of 3,894 as of July 1, 2020. Lake Belvedere Estates ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Lake Belvedere Estates is located at latitude 26.6892 and longitude -80.1334 in Palm Beach County. The formal boundaries for the Lake Belvedere Estates Census Designated Place encompass a land area of 0.58 sq. miles and a water area of 0 sq. miles. Palm Beach County is in the Eastern time zone (GMT -5). The elevation is 7 feet.

The Lake Belvedere Estates Census Designated Place (GNIS ID: 2403187) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Lake Belvedere Estates Census Designated Place is located within West Palm Beach CCD of Palm Beach County.


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Lake Belvedere Estates, FL Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 3,894 (100%)
Population in Households 3,892 (99.9%)
Population in Families 3,394 (87.2%)
Population in Group Quarters1 2 ( 0.1%)
Population Density 7,190
Diversity Index2 82
 
 

INCOME

Median Household Income $67,241
Average Household Income $80,885
% of Income for Mortgage4 15%
Per Capita Income $24,514
Wealth Index5 69
 

HOUSING

Total HU (Housing Units) 1,210 (100%)
Owner Occupied HU 886 (73.2%)
Renter Occupied HU 242 (20.0%)
Vacant Housing Units 82 ( 6.8%)
Median Home Value $241,485
Average Home Value $267,748
Housing Affordability Index3 151
 

HOUSEHOLDS

Total Households 1,128
Average Household Size 3.45
Family Households 914
Average Family Size 4
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2020 2020-2025
Population 1.53% 1.34%
Households 1.39% 1.26%
Families 1.11% 1.24%
Median Household Income   2.22%
Per Capita Income   2.72%
Owner Occupied HU   1.32%

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Lake Belvedere Estates, FL - Peer Comparisons by Rank and Percentile

The table below compares Lake Belvedere Estates to the other 919 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 536 42nd
Population Density # 54 94th
Median Household Income # 261 72nd
Housing Affordability Index # 415 45th
Per Capita Income # 592 36th
Diversity Index # 27 97th

Additional comparisons and rankings can be made with a VERY EASY TO USE Florida Census Data Comparison Tool.

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