Palm Shores, 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 Palm Shores, Florida rental market.
Palm Shores, Florida
Average Apartment Rent
$1,754
Y-o-Y Change in Average
Apartment Rent
2%
As of November 2024
Compared to a year ago, Palm Shores, Florida apartments have recorded a 2% rent increase.
Palm Shores, Florida Average apartment rent trend
Palm Shores, Florida Average Apartment Rent
Palm Shores, Florida Apartment rent ranges
At 45.89%, apartments priced $1,500 - $2,000 represent the bulk of Palm Shores, Florida rentals, while condos priced Over $2,000 hold the lowest share of the market – 23.47%.
Palm Shores, Florida Housing tenure**
Renters take up 8% of Palm Shores, Florida real estate, occupying a total of 45 units, while homeowners live in 524 properties.
Median number of rooms of renter-occupied housing units**
6.9
Average household size of renter-occupied housing units**
2.13
Rental vacancy rate**
19.6%
Palm Shores, Florida Renter-occupied housing units by no. of bedrooms**
There are 15 rentals in Palm Shores, Florida with 5 or more beds making up the highest share of the market, at 33%. Units with 3 beds, on the other hand, hold the lowest percentage (4%), amounting to 2 units. Overall, the median number of rooms in Palm Shores, Florida homes for rent is 6.9.
Palm Shores, Florida Renter-occupied units by age of householder**
Most condos for rent in Palm Shores, Florida are occupied by residents in the 35 - 44 years age group (49%), followed by those in the 65 - 74 years age group (31%). At the same time, people in the 45 - 54 years age group make up the lowest share of the local rental market – 9%.
Palm Shores, Florida Renter-occupied housing units by family type**
Palm Shores, Florida Renter-occupied housing units by the presence of own children**
A total of 22 apartments for rent in Palm Shores, Florida, or 49% of all rentals are family households. Additionally, 49% of rental homes include children under the age of 18 – that’s 22 units. All in all, the median size of a renter-occupied household in Palm Shores, Florida is 2.13.
Palm Shores, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Palm Shores, Florida.
Palm Shores, Florida Renter-occupied units by year structure built**
The highest share of Palm Shores, Florida apartment rentals, namely 33% or 15 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (20%, 9 units), and the ones Built 2000 - 2009 (20%, 9 units).
Palm Shores, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2013
Most Palm Shores, Florida renters (53%) moved in 2010 to 2017, while only 13% of them moved in 2021 or later. Overall, the median year renters have occupied their Palm Shores, Florida condos for rent is 2013.
Palm Shores, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Palm Shores, Florida renters have 1 vehicle available per household, 33% of them have 5 or more vehicles available, and 22% have 2 vehicles available.
Palm Shores, Florida Means of transportation to work of householders living in renter-occupied housing units**
Palm Shores, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
Palm Shores, 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 Palm Shores, 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
