Greenacres Real Estate
History
In 1923, Greenacres was founded by L. C. Swain and was officially incorporated in 1926, when Lawrence Carter Swain and his family moved to this area from Massachusetts.
During the 1920’s, the Town of Palm Beach and other coast resort areas were booming. The wealthy were well provided for in terms of housing and community services. However, there were few homes that were built or available for the middle class. Motivated by the desire to provide a community for the middle class, Mr. Swain began accumulating property in this area, ending up with approximately 1,000 acres of property. This land was divided into sections or "plats". Plat II laid out one-half mile west of Military Trail, became the "original section" of the City and still exists today.
Economics
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The median household income in the City of Greenacres is $36,941 (12000 households).
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Median family income: $41,250 (7565 families).
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Median monthly cost of owner occupied housing units: $876.
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Public Education
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