There are currently 16 real estate properties in South Palm Beach, FL, with a median automated valuation model (AVM) price of $327,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in South 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 South Palm Beach, FL, is $362,756.00, with the most expensive house in South Palm Beach, FL, topping out at $833,700.00 and the cheapest home in South Palm Beach, FL, clocking in at $132,000.00. In other words, there’s something for every potential homebuyer or savvy investor in South Palm Beach, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in South Palm Beach, FL, is on a rollercoaster ride. The average rent price in South Palm Beach, FL, is $2,242.00. Indeed, when looking to rent in South Palm Beach, FL, you can expect to pay as little as $1,220.00 or as much as $4,900.00, with the average rent median estimated to be $2,040.00. The good news is that finding an affordable and desirable property to rent in South 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the South Palm Beach, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in South Palm Beach, FL and much more. Save thousands at closing with home foreclosure listings in South Palm Beach, FL — up to 75% off market value!
South Palm Beach is located in Palm Beach, Florida, with an estimated municipal population of 1,470 residents. All of the best foreclosed homes for sale in South Palm Beach are located in the following zip code areas on Foreclosure.com: 33480. The estimated population per square kilometer (.62 miles) in South Palm Beach is 5,658.
So, about how much do homes cost in South Palm Beach? The most recent median value of resident-owned homes in South Palm Beach is 262,440. An estimated 81.6 percent of households in South Palm Beach own their homes, with an average family size of 2.4. The median household income in South Palm Beach is 60,500, with30.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in South Palm Beach, the median commute time of resident workers (in minutes) is 34.4. And last, but certainly not least, are you looking for homes to rent in South Palm Beach? If so, the average rent price paid by renters in South Palm Beach is 1,500, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to South Palm Beach, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in South Palm Beach is 65, split between 41.8 percent male versus 58.2 female. The percentage of residents who report being married in South Palm Beach is 54.8, with an average family size of 2.4.
The percentage of residents who report their race in South Palm Beach is as follows:
|Black / African American||0.5%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near South Palm Beach? Or maybe you are searching for 55+ active adult communities in and/or near South Palm Beach?
The percentage of residents who report their age in South Palm Beach is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in South Palm Beach with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in South Palm Beach.
How do you know that living in -- or moving to -- South Palm Beach is right where you need to be? Perhaps you grew up in South Palm Beach or already live nearby; therefore, the decision to buy a home in South Palm Beach is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to South Palm Beach for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in South Palm Beach:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like South Palm Beach.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in South Palm Beach can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in South Palm Beach, meanwhile, can field multiple offers from more qualified buyers.
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