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West Palm Beach, FL—33413

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$487,000
1.7% YoY Growth
Household Income
$80,500
32.8% YoY Growth
Days on Market
69
2.0% Longer YoY
Home Price Forecast
1.8%
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

334053341533409334063340733401
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — West Palm Beach, FL

As of May '26, the median home price in West Palm Beach, FL is $487,000, with a year-over-year change of -1.7%. This indicates that home prices in West Palm Beach, FL are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$487,000-1.7%
Single Family $492,000-1.0%
Condos $247,000-10.2%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$331,000-2.6%
    3 Bed
    		$465,000-1.3%
    4 Bed
    		$551,000-0.9%
    5 Bed $654,387-0.8%
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    6.4%
    2 Bedrooms
    24.2%
    3 Bedrooms
    44.8%
    4 Bedrooms
    16.8%
    5+ Bedrooms
    6.9%

    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.

    TypeMedian RentAverage Rent
    Average Rent$2,500$2,710
    Studio Rent N/AN/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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$530,000-1.0%
    Listing Count
    		91-23.0%
    Listings as % of Homes0.8%-23.0%
    Days on Market
    		692.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		17,9002.5%
    % 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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio5.8
    Median Home Price$487,000
    Median Household Income$80,500

    West Palm Beach, FL — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions