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Housing Profile
Palm Beach County, Florida
  • Population, 2016: 1391739. Palm Beach County ranks # 3 of Florida's 67 counties in population.
  • Households, 2016: 581487
  • Homeownership Rate, 2016: 71.8%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Palm Beach County is projected to have a population of 1735109, ranking it # 5 of Florida's 67 counties.

Projected Total Population, Palm Beach County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Palm Beach County 1320134 1391739 1465898 1550598 1619103 1679692 1735109
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, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Palm Beach County, Florida 1170 1002
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, 2011-2015 American Community Survey 5-Year Summary File
  • In Palm Beach County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $869 for a studio apartment, $1093 for a one-bedroom, $1370 for a two-bedroom, $1878 for a three-bedroom, and $2228 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, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Palm Beach County 1135 1966 3928 14416 32277 62066 25937 9252 3255 1817 1390 7645 165084
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, 2011-2015 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 84 licensed manufactured housing parks in Palm Beach with 12457 lots in 2012.
  • There are 3316 licensed condominium developments in Palm Beach with 184661 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, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Palm Beach County Palm Beach One to four-family (other than manufactured housing) 51950 38800 19650 10864 9898 9686 10331 17894 20931 24809 29016
Palm Beach County Palm Beach Manufactured housing 278 237 183 125 77 71 14 27 26 54 78
Palm Beach County Palm Beach Multifamily 74 37 34 10 8 8 13 35 25 46 78
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2015

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 2016, 259900 Palm Beach County households (45%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 135510 households in Palm Beach County (23%) pay more than 50% of income for housing.

Households by Cost Burden, Palm Beach County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 321587 124390 135510
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, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 249213 85228 82817
Renter 72374 39162 52693
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 $67900 in 2017.

Households by Income and Cost Burden, Palm Beach County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 6396 7774 60306
30.01-50% AMI 14375 22681 36049
50.01-80% AMI 39448 35682 23803
80.01+% AMI 261368 58253 15352
Total 321587 124390 135510
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 205068 households in Palm Beach County (35.3%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 176701 of elderly households in Palm Beach (86.2%) own their homes.
  • 94082 elderly households (46%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Palm Beach County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 110986 44758 49324
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, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Palm Beach County 6021 113252 119130 189565 132651 55653 34510 8902 11633 671317 0.9 16.9 17.7 28.2 19.8 8.3 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, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Palm Beach County, 2011-2015 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 15857 3.0 10960 2.1 8123 1.2 4989 0.7
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, 2011-2015 American Community Survey 5-Year Summary File