Palm Beach, FL—33480
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Palm Beach, FL
As of Oct '25, the median home price in Palm Beach, FL is $1,447,000, with a year-over-year change of -2.6%. This indicates that home prices in Palm Beach, FL are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,447,000 | -2.6% |
| Single Family | $9,547,000 | 1.6% |
| Condos | $942,000 | -4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $340,000 | -9.3% |
2 Bed | $898,000 | -4.9% |
3 Bed | $3,231,000 | -3.1% |
4 Bed | $9,135,000 | 0.4% |
| 5 Bed | $20,020,000 | 3.5% |
% of Housing Stock
Rental Trends — Palm Beach, FL
As of July '25, Rentcast reports the average rent in Palm Beach, FL is $5,080, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Palm Beach, FL is studios: $4,510, 1-bedrooms: $3,970, 2-bedrooms: $5,600, 3-bedrooms: $7,670. The most common rental property sizes in Palm Beach, FL are 2-bedroom and 1-bedroom, accounting for 55.5% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,500 | $5,080 |
| Studio Rent | $2,050 | $4,510 |
| 1 Bed Rent | $3,000 | $3,970 |
| 2 Bed Rent | $5,000 | $5,600 |
| 3 Bed Rent | $7,000 | $7,670 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Palm Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Palm Beach, FL is 99. This is a increase of 10.0% 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 11.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,740,000 | -8.0% |
Listing Count | 403 | 3.0% |
| Listings as % of Homes | 2.7% | 3.0% |
Days on Market | 99 | 10.0% |
Demographics — Palm Beach, FL
As of the latest ACS Survey released in 2023, Palm Beach, FL has a population of 10,900, which has increased by 8.7% over the past 5 years. Palm Beach, FL is a less popular place for families, as children make up 4.7% of the population. The area has a highly educated workforce, with 64.6% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 35.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,900 | 8.7% |
% Under 18 | 4.7% | -17.5% |
% Seniors | 61.8% | 1.5% |
% WFH | 35.9% | 31.5% |
% w/ College Degree | 64.6% | -0.8% |
As of the latest ACS Survey released in 2023, Palm Beach, FL is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Palm Beach, FL is hispanic, making up 6.5% of the population. Foreign-born residents account for 20.4% of the population in Palm Beach, FL, and this percentage has increased by 42.7% 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 | 89.4% | -3.2% |
% Black | 0.4% | -42.9% |
% Hispanic | 6.5% | 51.2% |
% Asian | 1.3% | -35.0% |
% Foreign Born | 20.4% | 42.7% |
Mortgage and Risk — Palm Beach, FL
According to HUD data as of 2023, there were 142 mortgage originations in Palm Beach, FL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 45.0%, with 0.0% above 90% LTV (normal). This implies small mortgage risk in Palm Beach, FL. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 142 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 3.0% |
% Second Loans | 32.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Palm Beach, FL
Palm Beach, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$950 | $3,000 | $2,050 |
| 2 Bedroom | -$2,550 | $5,000 | $2,450 |
| 3 Bedroom | -$3,800 | $7,000 | $3,200 |
| 4 Bedroom | N/A | N/A | $3,830 |
Affordability — Palm Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.2 |
| Median Home Price | $1,447,000 |
| Median Household Income | $151,000 |