Palm Beach County, Florida Housing Market Prices
Palm Beach County 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 25% above the Florida median More expensive than 86% of counties in Florida$390,107
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Median rent 15% above the Florida median Among the 3 most expensive counties in Florida$1,916
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Palm Beach County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $390,107 | $311,338 | $248,835 |
| Price Trend (Annual %) | 13.0% | 11.2% | 7.5% |
| Median Gross Rent | $1,916 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Palm Beach County is about 25% higher than in Florida. Rent is about 15% higher 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 Palm Beach County, up about 13.0% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Palm Beach County rose about 63.9% between 2015 and 2024, from $1,169 to $1,916. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Palm Beach County.
Buying the median-priced home in Palm Beach County costs roughly 17.0 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 Palm Beach County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Palm Beach County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $390,107 | $311,338 | $248,835 |
| Median Household Income | $84,275 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.6 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Palm Beach County rose about 183.0%, while median household income rose about 50.7% 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 | Palm Beach County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.0% | 57.7% | 58.5% |
| Rental Rate | 25.2% | 27.7% | 31.2% |
| Vacancy Rate | 15.8% | 14.6% | 10.2% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Palm Beach County has a homeownership rate of 59.0%, higher than the Florida average of 57.7%. Its housing vacancy rate is 15.8%, compared with 14.6% in Florida.
Housing Stock
| Metric | Palm Beach County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.49 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1987 | 1988 | 1978 |
| Median Number of Rooms | 5.0 | 5.2 | 5.5 |
The typical housing unit in Palm Beach County was built around 1987. On average, 2.5 people live in a home with about 5.0 rooms, staying for about 14.0 years on average.
Palm Beach County, FL Housing Compared With Nearby Counties
Palm Beach County, FL is the 2nd largest of the 6 counties compared here, 1,530,264 residents against a local median of 160,388. Palm Beach County, FL's median home price, at $390,107, runs 40% above the $278,803 typical of the counties around it.
Median rent tells the same story from another angle: $1,916 against a local median of $1,569, 22% above it. The counties themselves spread $188,907 on median home price, so Palm Beach County, FL sits at one end of an already wide local range rather than apart from it. Palm Beach County, FL has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Palm Beach County, FL | 1,530,264 | $390,107 #1/6 | $1,916 #1/6 | 70.1% #5/6 |
| Martin County, FL | 160,388 | $349,758 | $1,569 | 79.5% |
| Broward County, FL | 1,975,984 | $374,033 | $1,906 | 63.6% |
| St. Lucie County, FL | 360,498 | $278,803 | $1,585 | 78.6% |
| Hendry County, FL | 42,373 | $211,483 | $1,003 | 73.6% |
| Glades County, FL | 12,560 | $185,126 | $885 | 85.1% |
Frequently Asked Questions
Common questions about the housing market in Palm Beach County, Florida.
What is the median home price in Palm Beach County, Florida?
The median home price in Palm Beach County, Florida is $390,107, higher than the Florida average of $311,338.
What is the average home price in Palm Beach County, Florida?
The typical home price in Palm Beach County, Florida, reported as the median sale price, is $390,107. 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 Palm Beach County, Florida?
The median gross rent in Palm Beach County, Florida is $1,916 per month, higher than the Florida average of $1,668.
What was the median gross rent in Palm Beach County in 2020?
In 2020, the median gross rent in Palm Beach County, Florida was $1,451 per month.
What is the price-to-rent ratio in Palm Beach County, Florida?
The price-to-rent ratio in Palm Beach County, Florida is about 17.0, meaning it would take roughly 17.0 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 Palm Beach County.
Are home prices or rent rising faster in Palm Beach County, Florida?
Both home prices and rent are rising in Palm Beach County, up about 13.0% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Palm Beach County, Florida?
59.0% of households in Palm Beach County, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Palm Beach County, Florida?
The housing vacancy rate in Palm Beach County, Florida is 15.8%, higher than the Florida average of 14.6%.
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