Palm City, FL
Full City Profile · Florida · Martin County County
4.5
/5.0
A+
Excellent
25,699
Population
1,854/sq mi density
$117,689
Median Income
$64,875 per capita
$532,100
Home Value
$622,339 Zillow
$1,965
Median Rent
27.1% income on rent
75°F
Avg Temperature
A+
Overall
4.5 / 5.0
Strong
A
Economy
4.4 / 5.0
$117,689 median income, 5.9% unemployment
A
Affordability
4.1 / 5.0
$532,100 home value, $1,965/mo rent
A+
Education
4.8 / 5.0
47.9% bachelor's degree or higher
Housing Overview
Median Home Value
$532,100
89% above
US avg: $281,900
Median Rent
$1,965/mo
69% above
US avg: $1,163/mo
Homeownership Rate
88.7%
36% above US avg (65.4%)
Total Housing Units
11,579
Median year built: 1992
Home Value by Source
Census Median
$532,100
Zillow (ZHVI)
$622,339
Redfin Median Sale
$567,000
Median Sale Price
$567,000
Median List Price
$625,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
88.7%
Owner-Occupied
11.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent:
$1,965/mo
· Zillow rent:
$2,489/mo
Market Indicators (Redfin)
Median Sale Price
$567,000
Median Days on Market
137 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
30
Price Drops
25.1%
of listings with price reduction
Price Per Sq Ft
$280
Active Inventory
211
homes for sale
Affordability & Housing Stock
Rent Burden
27.1%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
1992
Average age of housing stock: 34 years
Homeownership Rate
88.7%
Complete Housing Data
Home Values
| Census Median Value | $532,100 |
| Zillow Home Value (ZHVI) | $622,339 |
| Redfin Median Sale | $567,000 |
| Median Sale Price | $567,000 |
| Median List Price | $625,000 |
| Price Per Sq Ft | $280 |
Rent
| Census Median Rent | $1,965 |
| Zillow Rent (ZORI) | $2,489 |
| FMR Studio | $1,212 |
| FMR 1-Bedroom | $1,296 |
| FMR 2-Bedroom | $1,526 |
| FMR 3-Bedroom | $1,971 |
| FMR 4-Bedroom | $2,261 |
Market
| Days on Market | 137 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.1% |
| Homes Sold | 30 |
| Active Inventory | 211 |
| Price Per Sq Ft | $280 |
Ownership & Stock
| Owner-Occupied | 88.7% |
| Renter-Occupied | 11.3% |
| Homeownership Rate | 88.7% |
| Total Housing Units | 11,579 |
| Median Year Built | 1992 |
| Rent Burden | 27.1% |