Palm Beach Gardens, Florida Housing Market Prices
Palm Beach Gardens 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.
-
Median home price 35% above the Florida median$419,236
-
Median rent 45% above the Florida median$2,422
Housing Market Overview
| Metric | Palm Beach Gardens | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,236 | $311,338 | $248,835 |
| Price Trend (Annual %) | 4.3% | 11.2% | 7.5% |
| Median Gross Rent | $2,422 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 7.1% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Palm Beach Gardens is about 35% higher than in Florida. Rent is about 45% 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 Gardens, up about 4.3% and 7.1% a year respectively. Rent is changing faster.
Median rent in Palm Beach Gardens rose about 75.2% between 2015 and 2024, from $1,382 to $2,422. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Palm Beach Gardens.
Buying the median-priced home in Palm Beach Gardens costs roughly 14.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Palm Beach Gardens. The price-to-rent ratio in Florida is about 15.6.
| Metric | Palm Beach Gardens | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $419,236 | $311,338 | $248,835 |
| Median Household Income | $109,368 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.8 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Palm Beach Gardens rose about 46.8%, while median household income rose about 52.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Palm Beach Gardens | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.5% | 57.7% | 58.5% |
| Rental Rate | 23.1% | 27.7% | 31.2% |
| Vacancy Rate | 13.5% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Palm Beach Gardens has a homeownership rate of 63.5%, higher than the Florida average of 57.7%. Its housing vacancy rate is 13.5%, compared with 14.6% in Florida.
Housing Stock
| Metric | Palm Beach Gardens | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1993 | 1988 | 1978 |
| Median Number of Rooms | 5.4 | 5.2 | 5.5 |
The typical housing unit in Palm Beach Gardens was built around 1993. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 12.0 years on average.
Palm Beach Gardens, FL Housing Compared With Nearby Cities
How Palm Beach Gardens, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Palm Beach Gardens, FL | 64,023 | $419,236 #2/2 | $2,422 #1/2 | 73.3% #2/2 |
| Jupiter, FL | 59,729 | $624,555 | $2,366 | 76.8% |
Frequently Asked Questions
Common questions about the housing market in Palm Beach Gardens, Florida.
What is the median home price in Palm Beach Gardens, Florida?
The median home price in Palm Beach Gardens, Florida is $419,236, higher than the Florida average of $311,338.
What is the average home price in Palm Beach Gardens, Florida?
The typical home price in Palm Beach Gardens, Florida, reported as the median sale price, is $419,236. 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 Gardens, Florida?
The median gross rent in Palm Beach Gardens, Florida is $2,422 per month, higher than the Florida average of $1,668.
What was the median gross rent in Palm Beach Gardens in 2020?
In 2020, the median gross rent in Palm Beach Gardens, Florida was $1,770 per month.
What is the price-to-rent ratio in Palm Beach Gardens, Florida?
The price-to-rent ratio in Palm Beach Gardens, Florida is about 14.4, meaning it would take roughly 14.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Palm Beach Gardens.
Are home prices or rent rising faster in Palm Beach Gardens, Florida?
Both home prices and rent are rising in Palm Beach Gardens, up about 4.3% and 7.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Palm Beach Gardens, Florida?
63.5% of households in Palm Beach Gardens, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Palm Beach Gardens, Florida?
The housing vacancy rate in Palm Beach Gardens, Florida is 13.5%, lower than the Florida average of 14.6%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →