North Palm Beach Village, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the North Palm Beach Village, Florida rental market.
North Palm Beach Village, Florida
Average Apartment Rent
$2,959
Y-o-Y Change in Average
Apartment Rent
4.4%
As of November 2024
Compared to a year ago, North Palm Beach Village, Florida apartments have recorded a 4.4% rent increase.
North Palm Beach Village, Florida Average apartment rent trend
North Palm Beach Village, Florida Average Apartment Rent
North Palm Beach Village, Florida Housing tenure**
Renters take up 22% of North Palm Beach Village, Florida real estate, occupying a total of 1,425 units, while homeowners live in 4,938 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$66,875
Average household size of renter-occupied housing units**
1.95
Rental vacancy rate**
3.4%
North Palm Beach Village, Florida Renter-occupied housing units by no. of bedrooms**
There are 842 rentals in North Palm Beach Village, Florida with 2 beds making up the highest share of the market, at 59%. Units with No bedrooms, on the other hand, hold the lowest percentage (1%), amounting to 21 units. Overall, the median number of rooms in North Palm Beach Village, Florida homes for rent is 4.2.
North Palm Beach Village, Florida Renter-occupied units by age of householder**
Most condos for rent in North Palm Beach Village, Florida are occupied by residents in the 25 - 34 years age group (18%), followed by those in the 45 - 54 years age group (17%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 1%.
North Palm Beach Village, Florida Renter-occupied housing units by family type**
North Palm Beach Village, Florida Renter-occupied housing units by the presence of own children**
A total of 537 apartments for rent in North Palm Beach Village, Florida, or 38% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 253 units. All in all, the median size of a renter-occupied household in North Palm Beach Village, Florida is 1.95.
North Palm Beach Village, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 46% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in North Palm Beach Village, Florida.
North Palm Beach Village, Florida Renter-occupied units by year structure built**
The highest share of North Palm Beach Village, Florida apartment rentals, namely 27% or 382 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (22%, 313 units), and the ones Built 1990 - 1999 (19%, 276 units).
North Palm Beach Village, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most North Palm Beach Village, Florida renters (41%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their North Palm Beach Village, Florida condos for rent is 2018.
North Palm Beach Village, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 57% of North Palm Beach Village, Florida renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 2% have No vehicle available.
North Palm Beach Village, Florida Means of transportation to work of householders living in renter-occupied housing units**
North Palm Beach Village, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
North Palm Beach Village, Florida Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all North Palm Beach Village, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
