Palm City, FL—34990
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palm City, FL
As of Oct '25, the median home price in Palm City, FL is $600,000, with a year-over-year change of -4.7%. This indicates that home prices in Palm City, FL are decreasing. According to Zillow, the 1-year price projection is 1.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $600,000 | -4.7% |
| Single Family | $638,000 | -4.8% |
| Condos | $218,000 | -14.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $297,000 | -10.3% |
3 Bed | $563,000 | -5.1% |
4 Bed | $828,000 | -4.6% |
| 5 Bed | $1,018,000 | -4.4% |
% of Housing Stock
Rental Trends — Palm City, FL
As of July '25, Rentcast reports the average rent in Palm City, FL is $3,740, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Palm City, FL is 1-bedrooms: $1,900, 2-bedrooms: $2,780, 3-bedrooms: $3,820, 4-bedrooms: $5,730. The most common rental property sizes in Palm City, FL are 2-bedroom and 3-bedroom, accounting for 51.7% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $3,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,960 | $1,900 |
| 2 Bed Rent | $2,250 | $2,780 |
| 3 Bed Rent | $2,950 | $3,820 |
| 4 Bed Rent | $5,000 | $5,730 |
% of Rental Stock
Property Listings — Palm City, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Palm City, FL is 102. This is a increase of 31.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $643,000 | -8.0% |
Listing Count | 363 | 8.0% |
| Listings as % of Homes | 1.8% | 8.0% |
Days on Market | 102 | 31.0% |
Demographics — Palm City, FL
As of the latest ACS Survey released in 2023, Palm City, FL has a population of 29,900, which has remained stable by -0.8% over the past 5 years. Palm City, FL is a moderately popular place for families, as children make up 19.0% of the population. The area has a highly educated workforce, with 48.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,900 | -0.8% |
% Under 18 | 19.0% | 11.8% |
% Seniors | 29.4% | -1.7% |
% WFH | 20.2% | 112.6% |
% w/ College Degree | 48.5% | 14.7% |
As of the latest ACS Survey released in 2023, Palm City, FL is a predominantly white area, with 83.2% of the population identifying as white. The white population has shrunk by 7.5% in the last 5 years. The second most common race or ethnicity in Palm City, FL is hispanic, making up 9.9% of the population. Foreign-born residents account for 9.3% of the population in Palm City, FL, and this percentage has increased by 16.2% 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 | 83.2% | -7.5% |
% Black | 0.6% | -14.3% |
% Hispanic | 9.9% | 70.7% |
% Asian | 2.3% | -11.5% |
% Foreign Born | 9.3% | 16.2% |
Mortgage and Risk — Palm City, FL
According to HUD data as of 2023, there were 704 mortgage originations in Palm City, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Palm City, FL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 704 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Palm City, FL
As of 2024, the percent of homes in Palm City, 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 Palm City, 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 | -$210 | $1,960 | $1,750 |
| 2 Bedroom | -$160 | $2,250 | $2,090 |
| 3 Bedroom | -$40 | $2,950 | $2,910 |
| 4 Bedroom | -$1,840 | $5,000 | $3,160 |
Affordability — Palm City, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $600,000 |
| Median Household Income | $120,000 |