West Palm Beach, FL is a popular destination for those looking to purchase a home. With a median value of $397,000, it is slightly higher than the US house median value of $338,100. Furthermore, West Palm Beach's 1 year house appreciation rate is significantly higher than the national rate of 8.27%, standing at 22.04%. This indicates that buying a home in West Palm Beach is a smart investment as it is likely to appreciate in value rapidly over time. It may also indicate that there is an increasing demand for housing in this city due to its attractive characteristics and opportunities.
The median home cost in West Palm Beach is $397,000. Home appreciation the last 10 years has been 200.8%. Home Appreciation in West Palm Beach is up 27.8%.
Average Age of Homes
- The median age of West Palm Beach real estate is 33 years old
The Rental Market in West Palm Beach
- Renters make up 37.7% of the West Palm Beach population
- 3.5% of houses and apartments in West Palm Beach, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.