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Housing Profile
Palm Beach County, Florida
  • Population, 2015: 1378425. Palm Beach County ranks # 3 of Florida's 67 counties in population.
  • Households, 2015: 574690
  • Homeownership Rate, 2015: 71.7%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Palm Beach County is projected to have a population of 1738108, ranking it # 5 of Florida's 67 counties.

Projected Total Population, Palm Beach County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Palm Beach County 1320134 1378425 1472605 1554911 1624025 1684391 1738108
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $352737. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $50723.
  • Condominium, average just value, 2016: $180804.

Home Sales Prices

  • The average sales price for a single family home was $534503 in 2016. The median sales price that year was $316915, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Palm Beach County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Palm Beach County Condominiums 102500 103000 102500 104000 120000 128345 142009 172000 205000 253738 272070 249550 130000 95000 82000 73500 79900 93000 110000 121000 126000
Palm Beach County Single Family Homes 127900 133000 134900 142000 159000 173990 197518 239665 296000 370000 375000 369972 285000 239900 237984 235000 232000 280000 311000 323000 316915
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Palm Beach County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Palm Beach County 1158 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Palm Beach County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $765 for a studio apartment, $991 for a one-bedroom, $1240 for a two-bedroom, $1691 for a three-bedroom, and $2044 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Palm Beach County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Palm Beach County 1180 2083 3855 13540 31661 60530 37899 7220 157968
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 85 licensed manufactured housing parks in Palm Beach with 12525 lots in 2012.
  • There are 3314 licensed condominium developments in Palm Beach with 184629 units in 2012. Of these, 238 properties with 22047 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Palm Beach County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Palm Beach County Palm Beach One to four-family (other than manufactured housing) 51950 38800 19650 10864 9898 9686 10331 17894 20931 24809
Palm Beach County Palm Beach Manufactured housing 278 237 183 125 77 71 14 27 26 54
Palm Beach County Palm Beach Multifamily 74 37 34 10 8 8 13 35 25 46
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

This table is not available outside of Metropolitan Statistical Areas (MSAs)

Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 256971 Palm Beach County households (45%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 134003 households in Palm Beach County (23%) pay more than 50% of income for housing.

Households by Cost Burden, Palm Beach County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 317719 122968 134003
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Palm Beach County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 246122 84201 81827
Renter 71597 38767 52176
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Palm Beach County and the surrounding metro area, the HUD-estimated median income for a family of four is $65400 in 2016.

Households by Income and Cost Burden, Palm Beach County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 6307 7686 59655
30.01-50% AMI 14173 22400 35627
50.01-80% AMI 38899 35259 23520
80.01+% AMI 258340 57623 15201
Total 317719 122968 134003
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 200483 households in Palm Beach County (34.9%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 172773 of elderly households in Palm Beach (86.2%) own their homes.
  • 92163 elderly households (46%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Palm Beach County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 108320 43854 48309
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Palm Beach County was 2338 square feet.

Year Structure Built, Palm Beach County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Palm Beach County 115298 118507 188862 134345 56614 34866 8948 11024 668464 17.2 17.7 28.3 20.1 8.5 8.2
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Palm Beach County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Palm Beach County 15344 2.9 10108 1.9 8576 1.3 5335 0.8
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File