Palm Coast, 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Palm Coast Housing Market Information

With 89,800 people, 30,677 houses or apartments, and a median cost of homes of $242,788, Palm Coast real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Palm Coast, accounting for 87.14% of the city's housing units. Other types of housing that are prevalent in Palm Coast include large apartment complexes or high rise apartments ( 5.03%), row houses and other attached homes ( 4.93%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.25%).

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 Coast. Owner-occupied housing accounts for 73.93% of Palm Coast's homes, and 81.87% have either three or four bedrooms, which is average sized relative to America.

Palm Coast homes and real estate are some of the newest in America. 49.87% of Palm Coast's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Palm Coast real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 49.14%), and between 1940-1969 ( 0.74%).

Vacant housing appears to be an issue in Palm Coast. Fully 15.20% of the housing stock is classified as vacant. Left unchecked, vacant Palm Coast homes and apartments can be a drag on the real estate market, holding Palm Coast 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 Coast Home Appreciation Rates

In the last 10 years, Palm Coast has experienced some of the highest home appreciation rates of any community in the nation. Palm Coast real estate appreciated 70.74% over the last ten years, which is an average annual home appreciation rate of 5.50%, putting Palm Coast in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Palm Coast 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 Palm Coast that despite a nationwide downturn in the housing market, Palm Coast real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Palm Coast appreciation rates continue to be some of the highest in America, at 6.38%, which is higher than appreciation rates in 90.52% 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 Coast. Palm Coast appreciation rates in the latest quarter were at 1.33%, which equates to an annual appreciation rate of 5.44%.

Relative to Florida, our data show that Palm Coast's latest annual appreciation rate is higher than 70% 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 Coast differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Palm Coast - 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 Coast real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$242,788

Palm Coast, FL HOME PRICES

> $1,291,000
0.5%
0.5%
$968,001 - $1,291,000
0.3%
0.3%
$645,001 - $968,000
1.5%
1.5%
$516,001 - $645,000
3.4%
3.4%
$387,001 - $516,000
7.6%
7.6%
$258,001 - $387,000
31.4%
31.4%
$129,001 - $258,000
45.8%
45.8%
$64,001 - $129,000
6.0%
6.0%
$0 - $64,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
30,677

Palm Coast Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
92.63% 3.21%
2
8
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,621 / per month

Homeownership Rate

Owners
73.9%
73.9%
Renters
26.1%
26.1%
Vacant
15.2%
15.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
49.9%
49.9%
1970 - 1999
49.1%
49.1%
1940 - 1969
0.7%
0.7%
1939 or Older
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
87.1%
87.1%
Townhomes
4.9%
4.9%
Small Apt. Buildings
2.2%
2.2%
Apt. Complexes
5.0%
5.0%
Mobile Homes
0.7%
0.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
1.7%
1.7%
2 Bedrooms
14.1%
14.1%
3 Bedrooms
63.5%
63.5%
4 Bedrooms
18.4%
18.4%
5 or more bedrooms
1.6%
1.6%
0.0% 100.0%
% OF HOMES