Palm Beach County Home Prices & Values

$195,400 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 16.4% 1-year change
  • 3.6% 1-year forecast

The median home value in Palm Beach County is $195,400. Palm Beach County home values have gone up 16.4% over the past year and Zillow predicts they will rise 3.6% within the next year. The median list price per square foot in Palm Beach County is $152, which is lower than the Miami-Fort Lauderdale Metro average of $158. The median price of homes currently listed in Palm Beach County is $275,000 while the median price of homes that sold is $226,375. The median rent price in Palm Beach County is $1,656, which is lower than the Miami-Fort Lauderdale Metro median of $1,800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Palm Beach County is 14.0%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Palm Beach County homeowners underwater on their mortgage is 19.9%, which is lower than Miami-Fort Lauderdale Metro at 21.9%.

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Relative ZHVI
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Palm Beach County Market Overview

Data through Jul 31, 2014
  • $195,400 ZHVI
  • 3.6% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $275,000 Median listing price
  • $226,375 Median sale price
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Palm Beach County Market Health

Data through Jul 31, 2014
  • 5.2/10 Stable What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • 119 Average days on Zillow (Jun 30, 2014)
  • 19.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Palm Beach County

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Wellington $296,200 Royal Palm Beach $208,400 Boynton Beach $181,500
Lake Belvedere Estates $159,000 Belle Glade $94,500 Greenacres $94,300
South Bay $82,000 Pahokee $79,800 Golden Lakes $60,000

Listings & Sales

Data through Jul 31, 2014
  • $152 Median list price / sq ft
  • $136 Median sale price / sq ft
  • 30.1% Listings with price cut
23.5%
Sold below listing
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Palm Beach County Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,780 Palm Beach County
$1,761 Miami-Fort Lauderdale Metro
$1,318 United States
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $1,656 Rent list price
  • $1.19 Rent list price / sq ft
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