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Palm Beach County, FL

RANK #405 / 1001 NAT  ·  #8 / 41 FL  ·  POP 1,533,806

1YR FORECAST: -0.6%

5YR OUTLOOK: +30%

Palm Beach County's housing market is projected to grow -0.6% over the next year, tracking near the national average.

[01] Why Palm Beach County?

Palm Beach County, Florida, is often recognized for its distinctive coastal towns, such as Palm Beach, known for its historic estates and upscale shopping along Worth Avenue, and Jupiter, a popular spot for families and celebrities. Located on Florida's southeastern coast, the county is part of the Miami metropolitan area and is approximately 46 miles north of Fort Lauderdale and 73 miles north of Miami. The community offers a blend of urban centers and natural landscapes, stretching from the Atlantic Ocean to the Everglades. Residents and visitors have access to 47 miles of beaches, as well as numerous parks and nature preserves like Green Cay Nature Center and Okeeheelee Park, which provide opportunities for hiking, biking, and wildlife viewing. The climate allows for year-round outdoor recreation. Commute options include Palm Tran bus services, Tri-Rail, and the high-speed Brightline train, connecting to other South Florida cities.

Life in Palm Beach County attracts a mix of young professionals, families, and retirees, drawn by the outdoor environment and diverse communities. The School District of Palm Beach County is one of the largest in the nation and Florida, with highly rated public schools. The economy has experienced growth, with significant investment in commercial and residential development. While specific projects are numerous, broad sectors like finance, technology, healthcare, and logistics contribute to the area's economic landscape. The county's population has expanded, with notable growth in younger demographics, contributing to a dynamic environment.

MARKET PROFILE

Idiosyncratic Markets

Palm Beach County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices -2.8% YoY, population +1.8%, wages +6.3%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
12.5x

Overvalued relative to economy

Home Prices
-2.8%

Prices declining

Climate & Terrain
5.1

Favorable climate & terrain

Price/Rent
14x

Below national median (15x)

Housing looks overvalued at 12.5x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Palm Beach County School District Education
    10,000+
  2. 2
    Florida Atlantic University Education
    5,000+
  3. 3
    Palm Beach County Board of County Commissioners Government
  4. 4
    Tenet Healthcare Corporation (Coastal Division) Healthcare
  5. 5
    NextEra Energy, Inc. (Parent company of Florida Power & Light) Energy
  6. 6
    Baptist Health South Florida Healthcare
    2,500+
  7. 7
    Veterans Health Administration Healthcare
  8. 8
    HCA Florida Healthcare Healthcare
  9. 9
    Jupiter Medical Center Healthcare
  10. 10
    The Breakers Palm Beach Hospitality
    1,000+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Palm Beach County U.S. National

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
1,533,806
+1.75% YoY
Median Household Income
$83,581
Median Home Value
$447,300
-2.83% 12mo
Median Rent
$1,916
Average Annual Pay
$82,076
+6.3% YoY
Employment
670,416
+0.5% YoY
Income-to-Home-Value
0.1869
Near national average
Migration Inflow
1.96%
of pop. from another state
Bachelor's Degree+
40.5%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$540,000
Days on Market
81
Slower market
Months of Supply
5.3
Buyer's market
Sale-to-List Ratio
95.3%
Negotiation room for buyers
Sold Above List
8.0%
Listings w/ Price Drops
24.2%
Building Permits (2025)
4,228
Single-Family Permits
2,495

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.3
per 100K · nat avg 6.3
Firearm Fatalities
12.6
per 100K · nat avg 14.8
Injury Deaths
95.4
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
42.3
Good
Good Air Days
73%
798 of 1,095 days
Unhealthy+ Days (3yr)
1
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
43
2022
41
2023
43
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$2,648M
TOTAL
PROJECT AMOUNT STATUS
Project Tango AI Data Center Campus
PBA Holdings (Palm Beach Aggregates & Phillips Inc.)
$1,000M Proposed
Renewable Energy Facility 2 (Waste-to-Energy)
Solid Waste Authority of Palm Beach County
$600M Operating
Avenir Master-Planned Community
Various (DiVosta, Toll Brothers, Kenco Communities)
$500M Under Construction
FPL Solar Energy Centers (Holopaw, Silver Palm, Sabal Palm, Hibiscus)
Florida Power & Light Co.
$298M Operating
Singer Island Gateway
Continuum Company
$150M Proposed
Central Park Commerce Center (Warehouse component)
WPB Logistics Owner LLC (TPA Group)
$100M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

Population Growth +1.8% 84 percentile
Income Growth +3.0% 58 percentile
Vacancy Rate 1.5% 20 percentile
Home Price Change -2.8% 7 percentile
Rent Growth +2.0% 34 percentile
Price/Rent 14x 64 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

Is Palm Beach County, FL a good place to move to?

Palm Beach County scores 59/100 on the Boom Town Index, landing in the middle of the pack among 1001 U.S. counties (#405). Median household income is $83,581 and job growth is running at +0.5%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Palm Beach County affordable?

Palm Beach County leans toward the expensive side. A median home value of $447,300 against an income-to-home-value ratio of 0.19 means housing eats a bigger share of local earnings than the national norm. Renters face $1,916/month on average.

Is Palm Beach County growing or shrinking?

Palm Beach County's population is growing — up +1.8% YoY — while the job market is roughly flat (employment change of +0.5%). Home values shifted -2.8% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are many people relocating to Palm Beach County?

Not particularly — 1.96% of Palm Beach County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Alachua County, FL 53 Escambia County, FL 70 St. Lucie County, FL 46 Santa Rosa County, FL 46 Brevard County, FL 42 Volusia County, FL 42 Honolulu County, HI 62 Oklahoma County, OK 55