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Palm Shores

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

Median Home$455,300
Median Rent$1,820/month
Population1,385
Leading IndustriesArts, Food & Hospitality · Public Administration · Finance & Insurance11% arts, food & hospitality
Home Value Growth+8.4% over 2 years
Retirees27% of residentsabove average nationally
Homeowners91% of occupied units
NotableVeteran Community21% of residents · top 1% nationally
NotableAmenity Score75/100 · highly walkable area
Palm Shores
FL

Frequently Asked Questions

What are today's mortgage rates in Palm Shores?

As of today, the 30-year fixed mortgage rate for Palm Shores is approximately 6.946% (6.984% 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 Shores?

The median home value in Palm Shores is $455k. The median monthly rent is $1,820. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Palm Shores?

Home values in Palm Shores have increased 8.4% over the past two years. This represents moderate growth. 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 Shores?

Based on a typical all-in ownership cost of $1,803/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $77k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Palm Shores is $114k/year.

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What industries drive the economy in Palm Shores?

The largest employment sectors in Palm Shores are public administration (29%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.