West Palm Beach, FL 33413 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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West Palm Beach, FL—33413

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$484,000

2.8% YoY Growth

Household Income

$80,500

32.8% YoY Growth

Days on Market

69

2.0% Longer YoY

Home Price Forecast

0.6%

Median Rent

$2,500

10.2% YoY Growth

1-Bed Rent

$1,660

3.9% YoY Growth

2-Bed Rent

$2,170

2.3% YoY Growth

3-Bed Rent

$3,100

7.7% YoY Growth

Other Zip Codes in West Palm Beach, FL

33405 33415 33409 33406 33407 33401

Home Price Trends — West Palm Beach, FL

As of May '26, the median home price in West Palm Beach, FL is $484,000, with a year-over-year change of -2.8%. This indicates that home prices in West Palm Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$484,000	-2.8%
Single Family	$489,000	-2.2%
Condos	$244,000	-12.9%

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 $2,710, with a year-over-year rent change of 10.2%. Per bedroom, the median rent as of July '25 in West Palm Beach, FL is 1-bedrooms: $1,740, 2-bedrooms: $2,270, 3-bedrooms: $3,090, 4-bedrooms: $3,990. The most common rental property sizes in West Palm Beach, FL are 2-bedroom and 3-bedroom, accounting for 41.4% and 36.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,500	$2,710
Studio Rent	N/A	N/A
1 Bed Rent	$1,660	$1,740
2 Bed Rent	$2,170	$2,270
3 Bed Rent	$3,100	$3,090
4 Bed Rent	$3,700	$3,990

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% of Rental Stock

Studio

2.6%

1 Bedroom

12.1%

2 Bedrooms

41.4%

3 Bedrooms

36.6%

4 Bedrooms

5.5%

5+ Bedrooms

1.9%

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 69. This is a increase of 2.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$530,000	-1.0%
Listing Count	91	-23.0%
Listings as % of Homes	0.8%	-23.0%
Days on Market	69	2.0%

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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 17,900, which has increased by 2.5% over the past 5 years. West Palm Beach, FL is a popular place for families, as children make up 26.8% of the population. The area has a moderately educated workforce, with 27.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	17,900	2.5%
% Under 18	26.8%	3.5%
% Seniors	11.5%	-6.5%
% WFH	8.7%	155.9%
% w/ College Degree	27.2%	9.2%

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As of the latest ACS Survey released in 2023, West Palm Beach, FL is a predominantly black area, with 41.7% of the population identifying as black. The black population has grown by 70.9% in the last 5 years. The second most common race or ethnicity in West Palm Beach, FL is hispanic, making up 29.8% of the population. Foreign-born residents account for 36.3% of the population in West Palm Beach, FL, and this percentage has increased by 11.7% 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	22.5%	-31.8%
% Black	41.7%	70.9%
% Hispanic	29.8%	-16.8%
% Asian	3.2%	-8.6%
% Foreign Born	36.3%	11.7%

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Mortgage and Risk — West Palm Beach, FL

According to HUD data as of 2023, there were 256 mortgage originations in West Palm Beach, FL, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in West Palm Beach, FL. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	256
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	11.0%

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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 2.5%. 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, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

Section 8 Market Size

Total Units under HUD	42
Total Units Section 8	41
% Rentals under Section 8	2.5%
% Occupied Section 8	82.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$410	$1,660	$2,070
2 Bedroom	$300	$2,170	$2,470
3 Bedroom	$130	$3,100	$3,230
4 Bedroom	$160	$3,700	$3,860