North Palm Beach, FL—33408
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Palm Beach, FL
As of Oct '25, the median home price in North Palm Beach, FL is $591,000, with a year-over-year change of -8.2%. This indicates that home prices in North Palm Beach, FL are decreasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $591,000 | -8.2% |
| Single Family | $868,000 | -5.4% |
| Condos | $420,000 | -13.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $188,000 | -13.8% |
2 Bed | $404,000 | -10.6% |
3 Bed | $894,000 | -6.5% |
4 Bed | $1,563,000 | -2.5% |
| 5 Bed | $5,439,000 | -0.6% |
% of Housing Stock
Rental Trends — North Palm Beach, FL
As of July '25, Rentcast reports the average rent in North Palm Beach, FL is $4,000, with a year-over-year rent change of 6.4%. Per bedroom, the median rent as of July '25 in North Palm Beach, FL is studios: $2,330, 1-bedrooms: $2,300, 2-bedrooms: $3,830, 3-bedrooms: $5,130, 4-bedrooms: $7,430. The most common rental property sizes in North Palm Beach, FL are 2-bedroom and 1-bedroom, accounting for 56.5% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,050 | $4,000 |
| Studio Rent | $2,280 | $2,330 |
| 1 Bed Rent | $2,000 | $2,300 |
| 2 Bed Rent | $3,000 | $3,830 |
| 3 Bed Rent | $4,500 | $5,130 |
| 4 Bed Rent | $7,000 | $7,430 |
% of Rental Stock
Property Listings — North Palm Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in North Palm Beach, FL is 82. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $765,000 | -8.0% |
Listing Count | 391 | 19.0% |
| Listings as % of Homes | 1.7% | 19.0% |
Days on Market | 82 | -5.0% |
Demographics — North Palm Beach, FL
As of the latest ACS Survey released in 2023, North Palm Beach, FL has a population of 18,800, which has increased by 2.8% over the past 5 years. North Palm Beach, FL is a less popular place for families, as children make up 11.2% of the population. The area has a highly educated workforce, with 52.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,800 | 2.8% |
% Under 18 | 11.2% | -4.3% |
% Seniors | 40.1% | 12.3% |
% WFH | 25.2% | 89.5% |
% w/ College Degree | 52.1% | 8.1% |
As of the latest ACS Survey released in 2023, North Palm Beach, FL is a predominantly white area, with 86.1% of the population identifying as white. The white population has grown by 0.3% in the last 5 years. The second most common race or ethnicity in North Palm Beach, FL is hispanic, making up 9.1% of the population. Foreign-born residents account for 10.5% of the population in North Palm Beach, FL, and this percentage has decreased by 12.5% 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 | 86.1% | 0.3% |
% Black | 1.4% | -39.1% |
% Hispanic | 9.1% | -7.1% |
% Asian | 1.1% | -26.7% |
% Foreign Born | 10.5% | -12.5% |
Mortgage and Risk — North Palm Beach, FL
According to HUD data as of 2023, there were 328 mortgage originations in North Palm Beach, FL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in North Palm Beach, FL. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 328 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 3.0% |
% Second Loans | 13.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — North Palm Beach, FL
As of 2024, the percent of homes in North Palm Beach, FL under the Section 8 program is 0.2%. 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 North 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 | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $2,000 | $1,820 |
| 2 Bedroom | -$830 | $3,000 | $2,170 |
| 3 Bedroom | -$1,670 | $4,500 | $2,830 |
| 4 Bedroom | -$3,610 | $7,000 | $3,390 |
Affordability — North Palm Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $591,000 |
| Median Household Income | $91,400 |