Home Values

Palm Beach Gardens Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$284,800

  • 9.7% 1-year change
  • 0.1% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Cool

Buyers' Market
Sellers' Market

The median home value in Palm Beach Gardens is $284,800. Palm Beach Gardens home values have gone up 9.7% over the past year and Zillow predicts they will rise 0.1% within the next year. The median list price per square foot in Palm Beach Gardens is $179, which is higher than the Miami-Fort Lauderdale Metro average of $161. The median price of homes currently listed in Palm Beach Gardens is $339,000 while the median price of homes that sold is $262,850. The median rent price in Palm Beach Gardens is $1,900, which is higher 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 Gardens is 11.5%, 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 Gardens homeowners underwater on their mortgage is 13.3%, which is lower than Miami-Fort Lauderdale Metro at 21.9%.

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Relative ZHVI
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Palm Beach Gardens Market Overview

Data through Oct 31, 2014
  • $284,800 ZHVI
  • 0.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $339,000 Median listing price
  • $262,850 Median sale price
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Palm Beach Gardens Market Health

Data through Oct 31, 2014
  • 3.9/10 Less healthy
    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.
  • No data Average days on Zillow
  • 13.3% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 11.5% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Nearby Cities

Name Median ZHVI
Juno Beach $360,600
Tequesta $280,700
Jupiter $273,900
Name Median ZHVI
North Palm Beach $225,400
West Palm Beach $163,900
Lake Park $147,800
Name Median ZHVI
Riviera Beach $140,300
Lakeside Green $128,200
Cypress Lakes $124,800

Listings & Sales

Data through Oct 31, 2014
  • $179 Median list price / sq ft
  • $157 Median sale price / sq ft
  • 29.5% Listings with price cut
25.8%
Sold below listing
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Palm Beach Gardens Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,207 Palm Beach Gardens
    $1,776 Miami-Fort Lauderdale Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,900 Rent list price
  • $1.32 Rent list price / sq ft
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