Palm Beach, FL Real Estate
According to census data in the year 2000 there were 9,897 housing units in Palm Beach.
This represents a 7.7% growth from 9,191 in 1990.
Of those housing units, 9,897 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Palm Beach is about 83.9%.
Palm Beach's vacancy rate, including seasonal lodging, is about 42.4%.
Average household size is 1.82 people.
The majority of houses, apartments or condos in Palm Beach were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 17% |
| Two Bedrooms | 46.40% |
| Three Bedrooms | 20% |
| Four Bedrooms | 7.40% |
| Five Bedrooms or more | 7.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $1,000,001 |
| Median Price asked for vacant units | $1,000,001 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.47 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $900 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 3.50% |
| Simple Mortgage | 44.90% |
| Debt Free | 48.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
