Palm Coast, Florida Housing Market Prices
Palm Coast 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$335,643
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Median rent 6% above the Florida median$1,765
Housing Market Overview
| Metric | Palm Coast | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,643 | $311,338 | $248,835 |
| Price Trend (Annual %) | 9.2% | 11.2% | 7.5% |
| Median Gross Rent | $1,765 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Palm Coast is about 8% higher than in Florida. Rent is about 6% 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 Coast, up about 9.2% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Palm Coast rose about 62.0% between 2015 and 2024, from $1,090 to $1,765. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Palm Coast.
Buying the median-priced home in Palm Coast costs roughly 15.8 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 Coast. The price-to-rent ratio in Florida is about 15.6.
| Metric | Palm Coast | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,643 | $311,338 | $248,835 |
| Median Household Income | $76,900 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Palm Coast rose about 85.3%, while median household income rose about 48.1% 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 Coast | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.5% | 57.7% | 58.5% |
| Rental Rate | 17.0% | 27.7% | 31.2% |
| Vacancy Rate | 10.5% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Palm Coast has a homeownership rate of 72.5%, higher than the Florida average of 57.7%. Its housing vacancy rate is 10.5%, compared with 14.6% in Florida.
Housing Stock
| Metric | Palm Coast | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.45 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2001 | 1988 | 1978 |
| Median Number of Rooms | 5.9 | 5.2 | 5.5 |
The typical housing unit in Palm Coast was built around 2001. On average, 2.5 people live in a home with about 5.9 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Palm Coast, Florida.
What is the median home price in Palm Coast, Florida?
The median home price in Palm Coast, Florida is $335,643, higher than the Florida average of $311,338.
What is the average home price in Palm Coast, Florida?
The typical home price in Palm Coast, Florida, reported as the median sale price, is $335,643. 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 Coast, Florida?
The median gross rent in Palm Coast, Florida is $1,765 per month, higher than the Florida average of $1,668.
What was the median gross rent in Palm Coast in 2020?
In 2020, the median gross rent in Palm Coast, Florida was $1,366 per month.
What is the price-to-rent ratio in Palm Coast, Florida?
The price-to-rent ratio in Palm Coast, Florida is about 15.8, meaning it would take roughly 15.8 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 Coast.
Are home prices or rent rising faster in Palm Coast, Florida?
Both home prices and rent are rising in Palm Coast, up about 9.2% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Palm Coast, Florida?
72.5% of households in Palm Coast, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Palm Coast, Florida?
The housing vacancy rate in Palm Coast, Florida is 10.5%, lower than the Florida average of 14.6%.
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