Home Values

Palm City 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

$275,900

  • 6.9% 1-year change
  • 4.7% 1-year forecast

The median home value in Palm City is $275,900. Palm City home values have gone up 6.9% over the past year and Zillow predicts they will rise 4.7% within the next year. The median list price per square foot in Palm City is $144, which is higher than the Port St. Lucie Metro average of $118. The median price of homes currently listed in Palm City is $349,990 while the median price of homes that sold is $285,450.

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 City is 8.7%, which is higher than the national value of 6.3%. 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 City homeowners underwater on their mortgage is 10.5%, which is lower than Port St. Lucie Metro at 21.4%.

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Relative ZHVI
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Palm City Market Overview

Data through Feb 28, 2015
  • $275,900 ZHVI
  • 4.7% 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
    (Feb 29, 2016)
  • $349,990 Median listing price
  • $285,450 Median sale price
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Palm City Market Health

Data through Feb 28, 2015
  • 2.4/10 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
  • 10.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 8.7% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Sewalls Point $589,100
Hobe Sound $191,000
Jensen Beach $147,700
Name Median ZHVI
Port Salerno $134,700
North River Shores $128,900
Rio $125,700
Name Median ZHVI
Port Saint Lucie $124,700
Stuart $97,300
Indiantown $90,100

Listings & Sales

Data through Feb 28, 2015
  • $144 Median list price / sq ft
  • $129 Median sale price / sq ft
  • 13.6% Listings with price cut
29.8%
Sold below listing
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Palm City Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $2,194 Palm City
    $1,369 Port St. Lucie Metro
    $1,355 United States

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

  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • $1.03 Rent list price / sq ft
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