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Palm Beach

Learn about the people, housing, costs and businesses in Palm Beach, Florida

Median Home$1,666,481
Median Rent$2,577/month
Population9,348
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare8% education
Home Value Growth⬆⬆+17.8% over 2 years
Retirees57% of residentstop 1% nationally
Homeowners84% of occupied units
NotableHigh Incomes$191k/year · top 1% nationally
NotableAmenity Score82/100 · highly walkable area
Palm Beach
FL

Frequently Asked Questions

What are today's mortgage rates in Palm Beach?

As of today, the 30-year fixed mortgage rate for Palm Beach is approximately 6.969% (7.008% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Palm Beach?

The median home value in Palm Beach is $1.7M. The median monthly rent is $2,577. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palm Beach?

Home values in Palm Beach have increased 17.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Palm Beach?

Based on a typical all-in ownership cost of $3,617/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $155k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palm Beach is $191k/year.

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What industries drive the economy in Palm Beach?

The largest employment sectors in Palm Beach are healthcare (22%) and arts, food, and hospitality (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.