What to know before you move: cost, market timing, who it fits.
If you're considering a move to Palm Beach, FL, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Palm Beach is a city in Palm Beach County, Florida, with an estimated population of 9,493. It anchors the Miami-Fort Lauderdale-Pompano Beach metro area. The population grew 0.7% annually from 2020 to 2024, a moderate gain. The median home value in Palm Beach is $2,071,518 as of 2026-04, down 1.2% over the last 12 months. Over the last five years, home values have averaged +11.1% annual growth (-5.7% from the 5-year peak). Rents in Palm Beach average $8,647 per month, up 10.1% year-over-year. The composite momentum score is 67 of 100 (Rising). The market is healthy with prices supported by underlying demand.
Quiet strength: prices near or at all-time highs (-5.7% from 5-year peak). Solid market for owner-occupiers; investors should underwrite conservatively given the elevated entry point.
Reasons people move here
- Multi-year compounder: home values up an average 11.1% per year over the last 5 years — sustained, not a one-year pop.
- Hot rental market: rents up 10.1% YoY — landlords have pricing power, supports new investment math.
Things to know first
- Expensive AND not growing: median home $2,071,518 with only -1.2% YoY. You're paying premium pricing for a flat trend.
- Rental squeeze: rents up 10.1% YoY — tenants face tough renewals. Affordability deteriorating fast.
More about Palm Beach
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.