West Palm Beach, FL—33413
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Palm Beach, FL
As of Oct '25, the median home price in West Palm Beach, FL is $480,000, with a year-over-year change of -4.2%. This indicates that home prices in West Palm Beach, FL are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $480,000 | -4.2% |
| Single Family | $485,000 | -4.5% |
| Condos | $258,000 | -11.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $329,000 | -6.8% |
3 Bed | $460,000 | -4.6% |
4 Bed | $543,000 | -4.1% |
| 5 Bed | $643,000 | -4.3% |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — West Palm Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in West Palm Beach, FL is 77. This is a increase of 25.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $510,000 | -6.0% |
Listing Count | 110 | 43.0% |
| Listings as % of Homes | 0.8% | 43.0% |
Days on Market | 77 | 25.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — West Palm Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $480,000 |
| Median Household Income | $80,500 |