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Palm

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

Median Home$562,340
Median Rent$2,407/month
Population26,371
Leading IndustriesArts, Food & Hospitality · Education · Healthcare11% arts, food & hospitality
Home Value Growth⬆⬆⬆+23.2% over 2 years
Retirees30% of residentswell above average
Homeowners90% of occupied units
NotableVeteran Community13% of residents · top 4% nationally
NotableHigh Incomes$126k/year · top 7% nationally
Palm City
FL

Frequently Asked Questions

What are today's mortgage rates in Palm?

As of today, the 30-year fixed mortgage rate for Palm is approximately 6.847% (6.881% 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?

The median home value in Palm is $562k. The median monthly rent is $2,407. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palm?

Home values in Palm have increased 23.2% 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?

Based on a typical all-in ownership cost of $1,885/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $81k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palm is $126k/year.

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What industries drive the economy in Palm?

The largest employment sectors in Palm are public administration (21%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.