Market Overview
Home Prices in South Palm Beach, FL
The median home value in South Palm Beach, FL is $373,219 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.1% compared to a year ago and down 11.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Palm Beach are priced9% below average. South Palm Beach is part of the Miami-Fort Lauderdale-Pompano Beach, FL metro area.
Over the past five years, South Palm Beach home values have risen by approximately15.6%, reflecting steady appreciation in this market.
Price History
South Palm Beach Home Price Trend
City Comparison
South Palm Beach vs. National Median
At $373,219, homes in South Palm Beach cost 9% below the national median of $410,000. This makes South Palm Beach a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Palm Beach?
20% Down Payment
$74,644
on $373,219
Monthly P&I
$1,946/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,471/mo
incl. taxes & insurance
Income Needed
$98,840
gross annual (30% rule)
10% Down Option
$37,322
+ PMI applies
Loan Amount (20% dn)
$298,575
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in South Palm Beach, FL?
The median home value in South Palm Beach is $373,219 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.1% year-over-year.
How much have home prices changed in South Palm Beach?
Over the past year, home values in South Palm Beach have decreased by 5.1%. Over five years, prices have risen approximately 15.6%.
How much do I need to earn to buy a home in South Palm Beach?
To comfortably afford the median home price of $373,219 with a 20% down payment ($74,644) at today's rates (6.8%), you'd need a gross annual income of approximately $98,840. This assumes keeping total housing costs at or below 30% of gross income.
How does South Palm Beach compare to the national average home price?
The national median home value is approximately $410,000. At $373,219, homes in South Palm Beach are 9% below the national average.
What metro area is South Palm Beach part of?
South Palm Beach is part of the Miami-Fort Lauderdale-Pompano Beach, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.