Safe Rate Local

West Palm Beach

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

Median Home$520,867
Median Rent$1,771/month
Population122,655
Leading IndustriesEducation · Healthcare · Arts, Food & Hospitality3% education
Home Value Growth⬆⬆+18.2% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners51% of occupied units
NotableAmenity Score83/100 · highly walkable area
NotableTransit81/100 · excellent transit access
West Palm Beach
FL

Frequently Asked Questions

What are today's mortgage rates in West Palm Beach?

As of today, the 30-year fixed mortgage rate for West Palm Beach is approximately 6.833% (6.887% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for West Palm Beach
What is the median home price in West Palm Beach?

The median home value in West Palm Beach is $521k. The median monthly rent is $1,771. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Palm Beach?

Home values in West Palm Beach have increased 18.2% 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 West Palm Beach?

Based on a typical all-in ownership cost of $1,761/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $75k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Palm Beach is $76k/year.

Calculate your buying power
What industries drive the economy in West Palm Beach?

The largest employment sectors in West Palm Beach are public administration (20%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.