West Palm Beach, FL 33415 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

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West Palm Beach, FL—33415

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$276,000

6.9% YoY Growth

Household Income

$57,200

35.9% YoY Growth

Days on Market

83

8.0% Longer YoY

Home Price Forecast

1.9%

Median Rent

$2,100

1.8% YoY Growth

1-Bed Rent

$1,500

3.7% YoY Growth

2-Bed Rent

$2,000

0.5% YoY Growth

3-Bed Rent

$2,700

5.8% YoY Growth

Other Zip Codes in West Palm Beach, FL

33405 33413 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 $276,000, with a year-over-year change of -6.9%. This indicates that home prices in West 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	$276,000	-6.9%
Single Family	$353,000	-5.4%
Condos	$165,000	-11.8%

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 $2,280, with a year-over-year rent change of 1.8%. Per bedroom, the median rent as of July '25 in West Palm Beach, FL is 1-bedrooms: $1,540, 2-bedrooms: $2,030, 3-bedrooms: $2,910, 4-bedrooms: $3,120. The most common rental property sizes in West Palm Beach, FL are 2-bedroom and 3-bedroom, accounting for 45.8% and 35.0% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,100	$2,280
Studio Rent	N/A	N/A
1 Bed Rent	$1,500	$1,540
2 Bed Rent	$2,000	$2,030
3 Bed Rent	$2,700	$2,910
4 Bed Rent	$3,100	$3,120

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% of Rental Stock

Studio

2.0%

1 Bedroom

15.4%

2 Bedrooms

45.8%

3 Bedrooms

35.0%

4 Bedrooms

1.8%

5+ Bedrooms

0.1%

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 81. 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 24.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$219,000	0.0%
Listing Count	270	-5.0%
Listings as % of Homes	1.0%	-5.0%
Days on Market	83	8.0%

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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 53,100, which has increased by 2.9% over the past 5 years. West Palm Beach, FL is a moderately popular place for families, as children make up 24.8% of the population. The area has a poorly educated workforce, with 18.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	53,100	2.9%
% Under 18	24.8%	1.6%
% Seniors	16.1%	12.6%
% WFH	4.5%	136.8%
% w/ College Degree	18.9%	12.5%

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As of the latest ACS Survey released in 2023, West Palm Beach, FL is a predominantly hispanic area, with 52.7% of the population identifying as hispanic. The hispanic population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in West Palm Beach, FL is black, making up 22.1% of the population. Foreign-born residents account for 44.3% of the population in West Palm Beach, FL, and this percentage has increased by 2.1% 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	21.3%	-14.1%
% Black	22.1%	12.8%
% Hispanic	52.7%	-0.8%
% Asian	1.7%	-29.2%
% Foreign Born	44.3%	2.1%

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Mortgage and Risk — West Palm Beach, FL

According to HUD data as of 2023, there were 659 mortgage originations in West Palm Beach, FL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 45.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	659
% Conventional Loans	75.0%
% Government Loans	25.0%
% Investor Loans	1.0%
% Second Loans	2.0%
% Cash Out Refinance	9.0%

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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 4.7%. 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. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in West Palm Beach, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	475
Total Units Section 8	341
% Rentals under Section 8	4.7%
% Occupied Section 8	83.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$120	$1,500	$1,620
2 Bedroom	-$60	$2,000	$1,940
3 Bedroom	-$170	$2,700	$2,530
4 Bedroom	-$70	$3,100	$3,030