The Most Affordable Neighborhoods in Downtown West Palm Beach, West Palm Beach, FL by Home Value

 

Downtown West Palm Beach, West Palm Beach, FL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Downtown West Palm Beach area can be challenging. Home prices in Downtown West Palm Beach are now at a median cost of $510,851, higher than the West Palm Beach average of $259,122.

The average cost of rent is $1,873/mo in Downtown West Palm Beach, primarily driven by the current value of real estate in the Downtown West Palm Beach area. While nearly 67.20% of residents own their homes outright in Downtown West Palm Beach, 60.79% rent.

Housing affordability isn’t just about home prices, though. The average household income in Downtown West Palm Beach is $5,969 per month. Households that rent pay about 31.38% of their income on rent here. Downtown West Palm Beach's most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the neighborhood.


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