$189,000 House For Sale
3 bed, 2.0 bath, 1,603 sqft
The median home value in Palm Beach County is $196,200. Palm Beach County home values have gone up 16.1% over the past year and Zillow predicts they will rise 3.3% 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 $159. The median price of homes currently listed in Palm Beach County is $275,000 while the median price of homes that sold is $217,500. The median rent price in Palm Beach County is $1,695, 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%.more
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.