West Palm Beach, FL Real Estate
According to census data in the year 2000 there were 40,398 housing units in West Palm Beach.
This represents a 15.5% growth from 34,971 in 1990.
Of those housing units, 38,901 were located in either urbanized areas or urban clusters, and 1,497 were located in what is classified as a rural area.
Homeownership rate in West Palm Beach is about 52.1%.
West Palm Beach's vacancy rate, including seasonal lodging, is about 14.2%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in West Palm Beach were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.10% |
| One Bedroom | 23.70% |
| Two Bedrooms | 41.70% |
| Three Bedrooms | 24.80% |
| Four Bedrooms | 4.90% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $98,000 |
| Median Price asked for vacant units | $127,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $617 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6.30% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 60.80% |
| Debt Free | 25.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
