There are currently 98,671 real estate properties in West Palm Beach, FL, with a median automated valuation model (AVM) price of $271,300.00. 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 $338,583.00, with the most expensive house in West Palm Beach, FL, topping out at $20,813,600.00 and the cheapest home in West Palm Beach, FL, clocking in at $31,300.00. 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 $1,742.00. 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 $1,540.00. 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the West Palm Beach, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in West Palm Beach, FL and much more. Save thousands at closing with home foreclosure listings in West Palm Beach, FL — up to 75% off market value!
West Palm Beach is located in Palm Beach, Florida, with an estimated municipal population of 111,955 residents. All of the best foreclosed homes for sale in West Palm Beach are located in the following zip code areas on Foreclosure.com: 33411 33412 33417 33409 33407 33405 33401 33402 33422. The estimated population per square kilometer (.62 miles) in West Palm Beach is 803.
So, about how much do homes cost in West Palm Beach? The most recent median value of resident-owned homes in West Palm Beach is 252,138. An estimated 48.8 percent of households in West Palm Beach own their homes, with an average family size of 3.43. The median household income in West Palm Beach is 54,334, with23.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in West Palm Beach, the median commute time of resident workers (in minutes) is 23.5. And last, but certainly not least, are you looking for homes to rent in West Palm Beach? If so, the average rent price paid by renters in West Palm Beach is 1,303, 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 West 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 West Palm Beach is 39.5, split between 47.9 percent male versus 52.1 female. The percentage of residents who report being married in West Palm Beach is 36.8, with an average family size of 3.43.
The percentage of residents who report their race in West Palm Beach is as follows:
|Black / African American||34.4%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near West Palm Beach? Or maybe you are searching for 55+ active adult communities in and/or near West Palm Beach?
The percentage of residents who report their age in West 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 West Palm Beach with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in West Palm Beach.
How do you know that living in -- or moving to -- West Palm Beach is right where you need to be? Perhaps you grew up in West Palm Beach or already live nearby; therefore, the decision to buy a home in West Palm Beach is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to West 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 West 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 West 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 West Palm Beach can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in West Palm Beach, meanwhile, can field multiple offers from more qualified buyers.
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