Palm Beach, Florida.
Typical home $2,137,594 (+3.8% in a year), asking rent $8,627 (+15.4%). Miami-Fort Lauderdale-Pompano Beach, FL metro.
to buy the typical home at today's mortgage rate — +$7,327 (+188%) since Jan 2020.
- 1 year
- Up $78,427 +4%
- $2,059,168$2,137,594 since Sep 2025
- 5 years
- Up $707,183 +49%
- $1,430,412$2,137,594 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Palm Beach$11,220
- Florida$1,970
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Palm Beach, FL rose 3.8% over the past year — faster than the nation's +1.2%.
Asking rents in Palm Beach, FL rose 15.4% over the past year — faster than the nation's +2.7%.
Owning the typical home in Palm Beach runs $6,417/mo more than renting one. The gap peaked at $9,348 in Oct 2022.
That is $15,045 a month against $8,627 rent: a $11,220 mortgage payment, plus $1,536 property tax and $2,288 insurance & upkeep.
Owning vs renting — Palm Beach
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$15,045
- Renting$8,627
- Mortgage only$11,220
Property tax · $1,536/mo 0.86% of value a year — the ACS 2020-2024 median bill over the median home value for Palm Beach County, FL
Insurance & upkeep · $2,288/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Palm Beach, Palm Beach County, Florida
Palm Beach is a town of 9,245 people in Palm Beach County. 84% of its homes are lived in by their owners and 16% are rented. Unemployment in Palm Beach County was 4.6% in August 2026, and the county had 0.6% more jobs in 2025 than the year before. The most people in Palm Beach County work in schools and health care, then professional services.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Palm Beach is a small barrier-island town where the people who live here are, on the whole, considerably older than across the country. Nearly everyone owns the home they live in, and homes here cost far more than the typical home elsewhere, with rents well above what most renters across the county would expect. Incomes are not shown for the town itself, but a large majority of adults hold a four-year degree or more. Winters are mild, with the coldest month still staying comfortably warm by the afternoon, and summers are hot, with plenty of rain through the year.
Work. Many residents work in schools, hospitals and social care, in professional and business services, and in shops, restaurants and hotels. Among the largest workplaces in town are The Breakers Palm Beach, a hotel with golf courses, tennis courts and spa facilities, the Publix supermarket, and The Sailfish Club of Florida, a yacht club with a marina. Unemployment across Palm Beach County is a little higher than a year ago, and the number of jobs there has grown only slightly.
Things to do. Within town or right beside it are the Norton Museum of Art and the Flagler Museum, along with the Society of the Four Arts, which has botanical gardens. Palm Beach Zoo is also close by. For a short drive, Mounts Botanical Garden and John D. MacArthur Beach State Park, a protected coastal area, are both within easy reach.
Report a mistake
- 5,479households
- 70%of adults have a degree
- 7%below the poverty line
- 24 mintypical commute
What people in Palm Beach County work in
Employed residents by industry, from the Census survey. Palm Beach County had 670,798 jobs in 2025, 0.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 75° and lows near 58°; warmest in July, with highs near 90° and lows near 76°. About 62 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the West Palm Beach International Airport weather station, 4 miles away (NOAA).
Largest employers in Palm Beach
- Breakers Palm Beach Inc2,042
- Four Seasons412
- Town of Palm Beach384
- Everglades Club343
- Colony Palm Beach315
- John Hopkins University258
- Mar-a-Lago Club252
- Publix189
From the Town of Palm Beach’s annual financial report for 2025, its schedule of principal employers (its source: “Florida Department of Economic Opportunity (DEO), Bureau of Labor Market Statistics”), as Florida’s Auditor General publishes it: the report. Employees as the report counts them.
Natural hazards
- Coastal floodingRelatively high
- HurricanesRelatively high
- Inland floodingRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Palm Beach’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Palm Beach County and the Miami-Fort Lauderdale-Pompano Beach, FL metro.
Palm Beach home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Palm Beach$2,137,594
- Florida$375,361
- United States$366,157
Sellers are cutting prices on about 1 in 12 Palm Beach listings, and the typical home goes pending in 80 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Palm Beach8.09%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
Not enough data to draw this yet.
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Palm Beach212
New listings per month
Sellers arriving at the market.
- Palm Beach34
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Palm Beach$1,494,918
- United States$371,407
Zip codes with a Palm Beach address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Palm Beach — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.