Palm City, FL is an area known for its high housing value. The median value for homes in Palm City is $614,700, a significantly higher amount when compared to the national median of $338,100. In addition to its higher median home value, the area also experiences a higher 1 year house appreciation rate of 17.85%, which is more than double the US average of 8.27%. These factors make Palm City an attractive and desirable place to invest in real estate.
The median home cost in Palm City is $614,700. Home appreciation the last 10 years has been 231.4%. Home Appreciation in Palm City is up 27.2%.
Average Age of Homes
- The median age of Palm City real estate is 26 years old
The Rental Market in Palm City
- Renters make up 13.8% of the Palm City population
- 0.4% of houses and apartments in Palm City, 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.