Lake Worth Beach, Florida Housing Market Prices
Lake Worth Beach Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 8% above the Florida median$337,266
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Median rent 7% below the Florida median$1,546
Housing Market Overview
| Metric | Lake Worth Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $337,266 | $311,338 | $248,835 |
| Price Trend (Annual %) | 17.3% | 11.2% | 7.5% |
| Median Gross Rent | $1,546 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.2% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lake Worth Beach is about 8% higher than in Florida. Rent is about 7% lower than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lake Worth Beach, up about 17.3% and 6.2% a year respectively. Home prices are changing faster.
Median rent in Lake Worth Beach rose about 62.2% between 2015 and 2024, from $953 to $1,546. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Lake Worth Beach.
Buying the median-priced home in Lake Worth Beach costs roughly 18.2 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lake Worth Beach. The price-to-rent ratio in Florida is about 15.6.
| Metric | Lake Worth Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $337,266 | $311,338 | $248,835 |
| Median Household Income | $62,294 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lake Worth Beach rose about 195.7%, while median household income rose about 48.5% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lake Worth Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 39.7% | 57.7% | 58.5% |
| Rental Rate | 47.5% | 27.7% | 31.2% |
| Vacancy Rate | 12.8% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Lake Worth Beach has a homeownership rate of 39.7%, lower than the Florida average of 57.7%. Its housing vacancy rate is 12.8%, compared with 14.6% in Florida.
Housing Stock
| Metric | Lake Worth Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1969 | 1988 | 1978 |
| Median Number of Rooms | 4.4 | 5.2 | 5.5 |
The typical housing unit in Lake Worth Beach was built around 1969. On average, 2.8 people live in a home with about 4.4 rooms, staying for about 10.0 years on average.
Lake Worth Beach, FL Housing Compared With Nearby Cities
How Lake Worth Beach, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lake Worth Beach, FL | 43,319 | $337,266 #1/2 | $1,546 #2/2 | 45.5% #2/2 |
| Palm Springs, FL | 30,360 | $181,406 | $1,703 | 56.0% |
Frequently Asked Questions
Common questions about the housing market in Lake Worth Beach, Florida.
What is the median home price in Lake Worth Beach, Florida?
The median home price in Lake Worth Beach, Florida is $337,266, higher than the Florida average of $311,338.
What is the average home price in Lake Worth Beach, Florida?
The typical home price in Lake Worth Beach, Florida, reported as the median sale price, is $337,266. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lake Worth Beach, Florida?
The median gross rent in Lake Worth Beach, Florida is $1,546 per month, lower than the Florida average of $1,668.
What was the median gross rent in Lake Worth Beach in 2020?
In 2020, the median gross rent in Lake Worth Beach, Florida was $1,136 per month.
What is the price-to-rent ratio in Lake Worth Beach, Florida?
The price-to-rent ratio in Lake Worth Beach, Florida is about 18.2, meaning it would take roughly 18.2 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Lake Worth Beach.
Are home prices or rent rising faster in Lake Worth Beach, Florida?
Both home prices and rent are rising in Lake Worth Beach, up about 17.3% and 6.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lake Worth Beach, Florida?
39.7% of households in Lake Worth Beach, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Lake Worth Beach, Florida?
The housing vacancy rate in Lake Worth Beach, Florida is 12.8%, lower than the Florida average of 14.6%.
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