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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Lake Worth Beach, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lake Worth Beach, FL Housing Market Trends

With a population of 43,201, 15,029 total housing units (homes and apartments), and a median house value of $356,427, Lake Worth Beach real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Lake Worth Beach, accounting for 47.00% of the city's housing units. Other types of housing that are prevalent in Lake Worth Beach include large apartment complexes or high rise apartments ( 30.84%), duplexes, homes converted to apartments or other small apartment buildings ( 17.05%), and a few row houses and other attached homes ( 2.69%).

People in Lake Worth Beach primarily live in small (one, two or no bedroom) single-family detached homes. Lake Worth Beach has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lake Worth Beach's housing was primarily built during this period, from the '40s through the '60s. A full 41.73% of the city's housing hails from this era. Other housing ages represented in Lake Worth Beach include homes built between 1970-1999 ( 36.36%) and housing constructed before 1939 ( 11.42%). There's also some housing in Lake Worth Beach built between 2000 and later ( 10.49%).

Vacant housing appears to be an issue in Lake Worth Beach. Fully 13.14% of the housing stock is classified as vacant. Left unchecked, vacant Lake Worth Beach homes and apartments can be a drag on the real estate market, holding Lake Worth Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lake Worth Beach Home Appreciation Rates

In the last 10 years, Lake Worth Beach has experienced some of the highest home appreciation rates of any community in the nation. Lake Worth Beach real estate appreciated 201.75% over the last ten years, which is an average annual home appreciation rate of 11.68%, putting Lake Worth Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lake Worth Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Lake Worth Beach that despite a nationwide downturn in the housing market, Lake Worth Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lake Worth Beach appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 79.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lake Worth Beach. Lake Worth Beach appreciation rates in the latest quarter were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Florida, our data show that Lake Worth Beach's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lake Worth Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Worth Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lake Worth Beach real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$356,427

Lake Worth Beach, FL Home Prices
> $1,527,000
$1,146,001 - $1,527,000
$764,001 - $1,146,000
$611,001 - $764,000
$458,001 - $611,000
$306,001 - $458,000
$153,001 - $306,000
$77,001 - $153,000
$0 - $77,000
0.5%
0.5%
0.8%
0.8%
6.0%
6.0%
9.9%
9.9%
21.7%
21.7%
28.3%
28.3%
21.2%
21.2%
4.9%
4.9%
6.6%
6.6%
0% 100.0%
% of Homes
Average

for Florida

High

for nation

Number of Homes And Apartments:

15,029

Lake Worth Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,500 / per month

Homeownership Rate

Owners
Renters
42.8%
42.8%
57.2%
57.2%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.1%
13.1%
86.9%
86.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
10.5%
10.5%
36.4%
36.4%
41.7%
41.7%
11.4%
11.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
47.0%
47.0%
2.7%
2.7%
17.1%
17.1%
30.8%
30.8%
2.4%
2.4%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.8%
3.8%
23.4%
23.4%
40.7%
40.7%
26.1%
26.1%
5.3%
5.3%
0.7%
0.7%
0% 100.0%
% of Homes