West Palm Beach, FL 33405 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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West Palm Beach, FL—33405

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$575,000

2.7% YoY Growth

Household Income

$82,900

66.7% YoY Growth

Days on Market

81

13.0% Longer YoY

Home Price Forecast

3.0%

Median Rent

$2,500

7.0% YoY Growth

1-Bed Rent

$1,700

13.1% YoY Growth

2-Bed Rent

$2,500

20.5% YoY Growth

3-Bed Rent

$5,150

1.8% YoY Growth

Other Zip Codes in West Palm Beach, FL

33413 33415 33409 33406 33407 33401

Home Price Trends — West Palm Beach, FL

As of Dec '25, the median home price in West Palm Beach, FL is $575,000, with a year-over-year change of -2.7%. This indicates that home prices in West Palm Beach, FL are decreasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$575,000	-2.7%
Single Family	$592,000	-1.7%
Condos	$405,000	-7.3%

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 $3,310, with a year-over-year rent change of -7.0%. Per bedroom, the median rent as of July '25 in West Palm Beach, FL is studios: $1,350, 1-bedrooms: $1,990, 2-bedrooms: $2,760, 3-bedrooms: $5,080, 4-bedrooms: $6,660. The most common rental property sizes in West Palm Beach, FL are 2-bedroom and 1-bedroom, accounting for 33.7% and 28.2% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$3,310
Studio Rent	$1,300	$1,350
1 Bed Rent	$1,700	$1,990
2 Bed Rent	$2,500	$2,760
3 Bed Rent	$5,150	$5,080
4 Bed Rent	$7,000	$6,660

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% of Rental Stock

Studio

9.3%

1 Bedroom

28.2%

2 Bedrooms

33.7%

3 Bedrooms

27.9%

4 Bedrooms

0.9%

Property Listings — West Palm Beach, FL

As of Dec '25, Realtor.com reports that the median days on market for a home in West Palm Beach, FL is 85. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 8.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$2,260,000	43.0%
Listing Count	205	0.0%
Listings as % of Homes	1.8%	0.0%
Days on Market	81	13.0%

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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 19,700, which has decreased by -4.1% over the past 5 years. West Palm Beach, FL is a moderately popular place for families, as children make up 18.0% of the population. The area has a moderately educated workforce, with 34.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	19,700	-4.1%
% Under 18	18.0%	-9.1%
% Seniors	18.7%	4.5%
% WFH	13.7%	270.3%
% w/ College Degree	34.3%	21.2%

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As of the latest ACS Survey released in 2023, West Palm Beach, FL is a predominantly hispanic area, with 51.1% of the population identifying as hispanic. The hispanic population has shrunk by 10.4% in the last 5 years. The second most common race or ethnicity in West Palm Beach, FL is white, making up 43.7% of the population. Foreign-born residents account for 36.5% of the population in West Palm Beach, FL, and this percentage has decreased by 11.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	43.7%	30.8%
% Black	3.4%	-46.9%
% Hispanic	51.1%	-10.4%
% Asian	1.2%	-20.0%
% Foreign Born	36.5%	-11.6%

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Mortgage and Risk — West Palm Beach, FL

According to HUD data as of 2023, there were 220 mortgage originations in West Palm Beach, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in West Palm Beach, FL. Investor activity is low, as 4.0% 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	220
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	4.0%
% Second Loans	5.0%
% 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 3.7%. 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	258
Total Units Section 8	115
% Rentals under Section 8	3.7%
% Occupied Section 8	91.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$220	$1,700	$1,480
2 Bedroom	-$730	$2,500	$1,770
3 Bedroom	-$2,840	$5,150	$2,310
4 Bedroom	-$4,240	$7,000	$2,760