Area Insights of West Palm Beach, FL

Stay ahead with market trends and local insights that matter.

Demand Insights

The market shows moderate activity with a price ratio of 2%, reflecting steady buyer interest. A total of 4003 homes were sold with 1460 properties undergoing price cuts. Leverage these insights to assess market conditions and plan your next move.

Location

West Palm Beach, FL

Date

04-06-2022

Price Ratio

100%

Schools

Choosing the right school is crucial for your child's education. Compare ratings, distance, and academic offerings across elementary, middle and high schools to make a well-informed decision.

Elementary School

Ldr Academy

PK to 2

Little Dude Ranch Academy

KG to 2

Conklin International Academy

1 to 7

New Generation Montessori Wpb

PK to KG

The Foundations School at Center for Creative Education

KG to 3

Middle School

No schools available

High School

No schools available

Climate

Weather plays a crucial role in real estate decisions. Consider environmental factors like flood risks, wildfire hazards, extreme heat, and other climate conditions for a well-informed choice.

Weather Indices
Scaled to National average of 100 for each category.
Temperature

Demographics

Population dynamics, income levels, and employment patterns are key indicators of real estate demand and future growth. Use these insights to make well-informed decisions.

Population

With a steadily growing population, the area offers a vibrant community atmosphere. Current data indicates a population increase of 14% since 2010, reflecting rising demand for housing and local amenities. This trend highlights the area's potential for continued development and long-term residential appeal.

Population (397,419)
192,192 Male
205,227 Female
Education
27% High School
10% Associate
19% Bachelor
11% Graduate
Age

Average Age is 41 Years

Household Details

The area's household landscape is diverse, with 58% owner-occupied homes and 42% renter-occupied properties. Family households represent 62% of the population, indicating a strong community focus on family living. The average home value stands at $560,908, which suggests ample demand for multi-bedroom properties.

Total Households
158,795
Average home value
$560,908
Owned
58%
Rented
42%
Vacant
11%
Families
62%
Married
39%
With children
28%

Racial Diversity

The area's community showcases a dynamic blend of cultures, contributing to a rich and inclusive environment. Demographic data highlights a diverse composition, with 3% Asian, 29% Black, and 1% Native residents, alongside 38% White and 32% Hispanic/Other populations. This multicultural landscape offers residents a vibrant and culturally enriched living experience.

Income

The area reflects a well-distributed income pattern with approximately 26% of households earning over $100,000 annually, while 32% fall within the $50,000 to $100,000 range. The median income stands at $75,000, signalling a financially stable community with growth potential.

Employment

The area has a diverse workforce with employment spanning across sectors like technology, healthcare, education, and retail. Below is the percentage of residents employed across various industries, highlighting the region's balanced and dynamic economic landscape.

% of People are working in various industries.

Arts
3%
Healthcare
15%
Professional
6%
Education
6%
Services
28%
Labor
17%
Retail
15%
Other
9%
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