West Palm Beach, FL—33415
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 $278,000, with a year-over-year change of -6.7%. This indicates that home prices in West Palm Beach, 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 | $278,000 | -6.7% |
| Single Family | $356,000 | -5.6% |
| Condos | $166,000 | -11.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $101,000 | -15.1% |
2 Bed | $208,000 | -11.1% |
3 Bed | $360,000 | -5.3% |
4 Bed | $488,000 | -4.5% |
| 5 Bed | $612,000 | -3.6% |
% of Housing Stock
Rental Trends — West Palm Beach, FL
As of July '25, Rentcast reports the average rent in West Palm Beach, FL is $2,280, 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 |
% 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 85. This is a increase of 15.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $225,000 | -2.0% |
Listing Count | 284 | 6.0% |
| Listings as % of Homes | 1.0% | 6.0% |
Days on Market | 85 | 15.0% |
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% |
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% |
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% |
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 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 |
Affordability — West Palm Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $278,000 |
| Median Household Income | $57,200 |