West Palm Beach, FL 33401 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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West Palm Beach, FL—33401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$451,000

1.8% YoY Growth

Household Income

$60,900

25.0% YoY Growth

Days on Market

92

0.0% Longer YoY

Home Price Forecast

1.2%

Median Rent

$2,600

3.2% YoY Growth

1-Bed Rent

$2,300

2.0% YoY Growth

2-Bed Rent

$2,800

3.2% YoY Growth

3-Bed Rent

$3,500

3.1% YoY Growth

Other Zip Codes in West Palm Beach, FL

33405 33413 33415 33409 33406 33407

Home Price Trends — West Palm Beach, FL

As of May '26, the median home price in West Palm Beach, FL is $451,000, with a year-over-year change of -1.8%. This indicates that home prices in West Palm Beach, FL are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$451,000	-1.8%
Single Family	$563,000	-2.1%
Condos	$411,000	0.2%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — West Palm Beach, FL

As of July '25, Rentcast reports the average rent in West Palm Beach, FL is $3,050, with a year-over-year rent change of -3.2%. Per bedroom, the median rent as of July '25 in West Palm Beach, FL is studios: $2,130, 1-bedrooms: $2,410, 2-bedrooms: $3,310, 3-bedrooms: $4,010, 4-bedrooms: $4,140. The most common rental property sizes in West Palm Beach, FL are 2-bedroom and 1-bedroom, accounting for 43.8% and 31.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,600	$3,050
Studio Rent	$2,050	$2,130
1 Bed Rent	$2,300	$2,410
2 Bed Rent	$2,800	$3,310
3 Bed Rent	$3,500	$4,010
4 Bed Rent	$3,800	$4,140

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% of Rental Stock

Studio

8.5%

1 Bedroom

31.4%

2 Bedrooms

43.8%

3 Bedrooms

14.9%

4 Bedrooms

1.1%

5+ Bedrooms

0.2%

Property Listings — West Palm Beach, FL

As of May '26, Realtor.com reports that the median days on market for a home in West Palm Beach, FL is 92. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$544,000	-4.0%
Listing Count	477	-7.0%
Listings as % of Homes	1.9%	-7.0%
Days on Market	92	0.0%

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Demographics — West Palm Beach, FL

As of the latest ACS Survey released in 2023, West Palm Beach, FL has a population of 32,000, which has increased by 13.0% over the past 5 years. West Palm Beach, FL is a moderately popular place for families, as children make up 15.8% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	32,000	13.0%
% Under 18	15.8%	-4.8%
% Seniors	21.5%	15.0%
% WFH	15.0%	92.3%
% w/ College Degree	42.5%	13.9%

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As of the latest ACS Survey released in 2023, West Palm Beach, FL is a predominantly white area, with 42.6% of the population identifying as white. The white population has grown by 1.7% in the last 5 years. The second most common race or ethnicity in West Palm Beach, FL is black, making up 33.5% of the population. Foreign-born residents account for 25.7% of the population in West Palm Beach, FL, and this percentage has increased by 30.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	42.6%	1.7%
% Black	33.5%	-14.5%
% Hispanic	16.9%	8.3%
% Asian	3.1%	40.9%
% Foreign Born	25.7%	30.5%

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Mortgage and Risk — West Palm Beach, FL

According to HUD data as of 2023, there were 366 mortgage originations in West Palm Beach, FL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in West Palm Beach, FL. Investor activity is low, as 7.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	366
% Conventional Loans	93.0%
% Government Loans	7.0%
% Investor Loans	7.0%
% Second Loans	10.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — West Palm Beach, FL

As of 2024, the percent of homes in West Palm Beach, FL under the Section 8 program is 13.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In West Palm Beach, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	1,287
Total Units Section 8	1,286
% Rentals under Section 8	13.6%
% Occupied Section 8	82.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$530	$2,300	$1,770
2 Bedroom	-$680	$2,800	$2,120
3 Bedroom	-$730	$3,500	$2,770
4 Bedroom	-$490	$3,800	$3,310