Palm Beach Gardens, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Palm Beach Gardens Neighborhoods Since 2000




Palm Beach Gardens, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Palm Beach Gardens Housing Market Information

With a population of 52,923, 22,945 total housing units (homes and apartments), and a median house value of $365,644, Palm Beach Gardens house prices are not only among the most expensive in Florida, Palm Beach Gardens real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Palm Beach Gardens, accounting for 46.99% of the city's housing units. Other types of housing that are prevalent in Palm Beach Gardens include large apartment complexes or high rise apartments ( 23.06%), row houses and other attached homes ( 18.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palm Beach Gardens. Owner-occupied housing accounts for 70.47% of Palm Beach Gardens's homes, and 53.39% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Palm Beach Gardens built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Palm Beach Gardens built between 2000 and later ( 32.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.38%).

Vacant housing appears to be an issue in Palm Beach Gardens. Fully 19.77% of the housing stock is classified as vacant. Left unchecked, vacant Palm Beach Gardens homes and apartments can be a drag on the real estate market, holding Palm Beach Gardens 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.

Palm Beach Gardens Home Appreciation Rates

Palm Beach Gardens's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Palm Beach Gardens during the period has been just -1.19%, which is lower than 70% of US communities.

Appreciation rates are so strong in Palm Beach Gardens that despite a nationwide downturn in the housing market, Palm Beach Gardens real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Palm Beach Gardens appreciation rates continue to be some of the highest in America, at 6.82%, which is higher than appreciation rates in 80.11% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Palm Beach Gardens. Palm Beach Gardens appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.

Importantly, this makes Palm Beach Gardens one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Palm Beach Gardens's latest annual appreciation rate is lower than 60% 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 Palm Beach Gardens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Palm Beach Gardens - 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 Palm Beach Gardens real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$365,644

Palm Beach Gardens, FL HOME PRICES

Value Range
> $1,307,000 4.8
$981,001 - $1,307,000 4.7
$654,001 - $981,000 11.6
$523,001 - $654,000 9.3
$392,001 - $523,000 14.0
$261,001 - $392,000 19.2
$131,001 - $261,000 26.4
$65,001 - $131,000 5.9
$0 - $65,000 4.3

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
11.1625454119302 19.2307692307692

Number Of Homes And Apartments:
22,945

Palm Beach Gardens Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
103.85% 4.22% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,826 / per month

Homeownership Rate

Homeownership
Owners 70.47
Renters 29.53
Vacant 19.77

Housing Market Details

 

Age of Homes

AGE OF Palm Beach Gardens HOMES
2000 or Newer 32.9
1970 - 1999 59.6
1940 - 1969 7.4
1939 or Older 0.2

Types of Homes

TYPE OF Palm Beach Gardens HOMES
Single-Family 47.0
Townhomes 18.3
Small Apt. Buildings 10.4
Apt. Complexes 23.1
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Palm Beach Gardens HOMES
No Bedroom 0.33
1 Bedroom 6.21
2 Bedrooms 34.86
3 Bedrooms 39.97
4 Bedrooms 13.42
5 or more bedrooms 5.21