West Palm Beach, FL
Palm Beach County · Pop. 120,422
Ranked #196 of 243 cities
28Crisis
Median Home Price
🏠$380K
6.0% YoY
Median Rent
🔑$1,900
4.5% YoY
Median Income
💰$52K
Rent Burden
📊38.5%
% of income to rent
Income to Buy
🏦$109K
annual income needed
Income to Rent
📝$76K
annual income needed
Price-to-Income
⚖️7.3x
Homeownership
🏡36.0%
Rent vs. Buy
Buy
$2,023/mo
Est. mortgage (7%, 20% down)
Need $109K/yr income
Rent
$1,900/mo
Median rent
Need $76K/yr income
How West Palm Beach Compares
| Metric | West Palm Beach | Florida | National |
|---|---|---|---|
| Home Price | $380K | $381K | $410K |
| Rent | $1,900 | $1,719 | $1,500 |
| Income | $52K | $73K | $75K |
| Rent Burden | 38.5% | 37.8% | 30.0% |
Key Takeaways
- • Home prices in West Palm Beach are 7% lower than the national average.
- • Rent is 27% higher than the national average.
- • You need an income of $109K to comfortably buy a home here.
- • The homeownership rate is 36.0%, compared to 65.0% nationally.