There are currently 98,138 real estate properties in West Palm Beach, FL, with a median automated valuation model (AVM) price of $380,825.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in West Palm Beach, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in West Palm Beach, FL, is $554,374.00, with the most expensive house in West Palm Beach, FL, topping out at $38,210,900.00 and the cheapest home in West Palm Beach, FL, clocking in at $19,007.00. In other words, there’s something for every potential homebuyer or savvy investor in West Palm Beach, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in West Palm Beach, FL, is on a rollercoaster ride. The average rent price in West Palm Beach, FL, is $1,757.00. Indeed, when looking to rent in West Palm Beach, FL, you can expect to pay as little as $670.00 or as much as $6,380.00, with the average rent median estimated to be $1,560.00. The good news is that finding an affordable and desirable property to rent in West Palm Beach, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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