North Palm Beach, Florida

Palm Beach County Real Estate - North Palm Beach

North Palm Beach is in South East Florida. It's population as recorded in the 2010 Census was 12,015. North Palm Beach is approximately 68 miles from Hialeah (population 224,669) and around 48 miles from Fort Lauderdale (population 165,521).

The median age for residents of North Palm Beach is 51.8. Around 16.5% of North Palm Beach households include school aged children and 41.9% of households include individuals aged 65 years or over. Census records indicate 93.3% of the North Palm Beach population are White, 2.6% are Black or African American, 0% American Indian, 1.6% Asian and 1.3% are Two or more Races.

There are 7,710 housing units in North Palm Beach. 1,617 (20.9%) of these were reported as vacant in the 2010 Census. North Palm Beach is a tourist destination, 62.7% (1,014) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 1,826 residential rental units in North Palm Beach. 1,596 of them were occupied in 2010 providing a residential rental vacancy rate of 11.7%.

North Palm Beach links:

Sue Goldthorp

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My name is Sue Goldthorp. I am a real estate broker and co-founder of Visulate. Drop me a line if you would like me to help you buy or sell a property in North Palm Beach, Florida.

North Palm Beach is located in Palm Beach County. It has a population of approximately 12,015 people. The population increased 2.2% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 2.8% for Palm Beach County and a 1.7% increase for the country as a whole. North Palm Beach occupies 3.59 of the 1969.76 square miles in Palm Beach County. It had a population density of 3347.7 persons per square mile in 2010. This compared to 670.2 for the county, 350.6 for Florida and 87.4 for the country.

1.2% ( 7,710) of the 668,159 housing units in Palm Beach County are in North Palm Beach (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) North Palm Beach has a 78.1% homeownership rate compared to Palm Beach County's 72.6% homeownership rate and Florida's rate of 69.0%.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
United States 313,914,040 $14,025,202 1.7% $52,762 132,312,404 $186,200
Florida 18,801,310 $630,738 2.7% $47,827 9,026,965 $188,600
Palm Beach County 1,320,134 $38,668 2.8% $52,951 668,159 $236,600
North Palm Beach 12,015 $1132.2%$62,587 7,710$268,800

North Palm Beach's medium household income in 2011 was $62,587. Palm Beach County's medium household income was $52,951, which is higher than the medium income for Florida as a whole: $47,827. 6.0% of the population in North Palm Beach lives below the poverty line, compared to 14.7% in Florida, 13.3% of the population in Palm Beach County and 14.3% nationwide. Additional Information:

North Palm Beach Economic Activity

The U.S. Bureau of the Census, Economic Census, 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in North Palm Beach. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.

At $113 million, North Palm Beach's economic activity represents 0.29% of Palm Beach County's $38,668MM in economic activity. Palm Beach County represents 6.13% of the Florida economy.

North Palm Beach Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $23 20.1%
Retail sales $75 66.5%
Accommodation and food services sales $15 13.4%
Total $113100%

Palm Beach County Regional Comparisons

Economic Indicators
CityPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Belle Glade 17,467 $4052.0%$27,895 6,368$138,600
Boca Raton 84,392 $8,6664.1%$71,414 44,539$395,800
Boynton Beach 68,217 $1,8952.8%$45,156 36,289$172,700
Delray Beach 60,522 $2,4182.9%$49,823 34,156$234,700
Jupiter 55,156 $1,8783.5%$66,370 29,825$293,400
Lake Worth 34,910 $8702.5%$37,288 16,473$161,700
North Palm Beach 12,015 $1132.2%$62,587 7,710$268,800
Pahokee 5,649 $215.5%$34,159 2,002$109,500
Palm Beach 8,348 $7932.2%$109,167 9,091$913,700
Palm Beach Gardens 48,452 $1,9793.0%$71,349 27,663$323,200
West Palm Beach 99,919 $4,8972.0%$45,806 54,179$220,900

Palm Beach County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Palm Beach County represents 16.3% of the region's economy.

Economic Indicators
RegionPopulation
2010
Economic Activity
2007 (Millions)
Population Growth
2010 to 2012
Median Household
Income 2011
Housing
Units
Median Price
2007 to 2011
Indian River County 138,028 $2,455 1.8% $46,363 76,251 $179,300
St. Lucie County 277,789 $5,576 2.2% $44,947 137,581 $157,600
Martin County 146,318 $4,347 1.7% $53,612 78,356 $238,200
Palm Beach County 1,320,134 $38,668 2.8% $52,951 668,159 $236,600
Broward County 1,748,066 $73,668 3.8% $51,782 810,795 $225,300
Miami-Dade County 2,496,435 $110,643 3.8% $43,957 990,558 $246,800
Monroe County 73,090 $2,136 2.4% $53,889 52,552 $463,100
Total 6,410,776 $237,494 2.6% $49,643 2,814,252 $249,557

North Palm Beach Real Estate

There are 11,565 properties in North Palm Beach. The following table shows a summary of them based on 2014 sales data.

North Palm Beach Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 27 0.23 0n/an/an/an/a
Hotel & Motel 6 0.05 0n/an/an/an/a
Industrial 74 0.64 0n/an/an/an/a
Miscellaneous Property 2 0.02 0n/an/an/an/a
Mobile/Manufactured 76 0.66 4 $52,000 $59February 1st, 2014July 1st, 2014
Multifamily 276 2.39 18 $164,600 $112January 1st, 2014July 1st, 2014
Office 221 1.91 2 $1,085,550 $57May 1st, 2014May 1st, 2014
Residential 10,603 91.68 541 $230,000 $154January 1st, 2014September 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 166 1.44 6 $3,350,000 $137January 1st, 2014August 1st, 2014
Senior Housing 1 0.01 0n/an/an/an/a
Special Purpose 103 0.89 1 $750,000 $95February 1st, 2014February 1st, 2014
Sports & Entertaining 10 0.09 0n/an/an/an/a

Commercial Real Estate in North Palm Beach, Florida

0( .00%) of the properties in North Palm Beach are classified as Commercial.

Government Real Estate in North Palm Beach, Florida

27( .23%) of the properties in North Palm Beach are classified as Government.

Hotel & Motel Real Estate in North Palm Beach, Florida

6( .05%) of the properties in North Palm Beach are classified as Hotel & Motel.

Industrial Real Estate in North Palm Beach, Florida

74( .64%) of the properties in North Palm Beach are classified as Industrial.

Miscellaneous Real Estate in North Palm Beach, Florida

2( .02%) of the properties in North Palm Beach are classified as Miscellaneous.

Mobile/Manufactured Real Estate in North Palm Beach, Florida

76( .66%) of the properties in North Palm Beach are classified as Mobile/Manufactured. 4 of them sold between February 1st, 2014 and July 1st, 2014. The total value of these sales was $209,000. The median sales price was $52,000. In 2014 the median sales price for Mobile/Manufactured in North Palm Beach was $59 per sq ft.

Multifamily Real Estate in North Palm Beach, Florida

276( 2.39%) of the properties in North Palm Beach are classified as Multifamily. 18 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $5,823,000. The median sales price was $164,600. In 2014 the median sales price for A Class Multifamily in North Palm Beach was $134 per sq ft, B Class properties sold for $112/ft and C Class $56/ft.

Office Real Estate in North Palm Beach, Florida

221( 1.91%) of the properties in North Palm Beach are classified as Office. 2 of them sold between May 1st, 2014 and May 1st, 2014. The total value of these sales was $2,171,100. The median sales price was $1,085,550. In 2014 the median sales price for Office in North Palm Beach was $57 per sq ft.

Residential Real Estate in North Palm Beach, Florida

10,603( 91.68%) of the properties in North Palm Beach are classified as Residential. 541 of them sold between January 1st, 2014 and September 1st, 2014. The total value of these sales was $249,333,920. The median sales price was $230,000. In 2014 the median sales price for A Class Residential in North Palm Beach was $315 per sq ft, B Class properties sold for $154/ft and C Class $92/ft.

Residential Real Estate in North Palm Beach, Florida

0( .00%) of the properties in North Palm Beach are classified as Residential.

Retail Real Estate in North Palm Beach, Florida

166( 1.44%) of the properties in North Palm Beach are classified as Retail. 6 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $17,172,192. The median sales price was $3,350,000. In 2014 the median sales price for Retail in North Palm Beach was $137 per sq ft.

Senior Housing Real Estate in North Palm Beach, Florida

1( .01%) of the properties in North Palm Beach are classified as Senior Housing.

Special Purpose Real Estate in North Palm Beach, Florida

103( .89%) of the properties in North Palm Beach are classified as Special Purpose. 1 of them sold between February 1st, 2014 and February 1st, 2014. The total value of these sales was $750,000. The median sales price was $750,000. In 2014 the median sales price for Special Purpose in North Palm Beach was $95 per sq ft.

Sports & Entertaining Real Estate in North Palm Beach, Florida

10( .09%) of the properties in North Palm Beach are classified as Sports & Entertaining.

North Palm Beach, Palm Beach County Market Data

North Palm Beach Real Estate
Property UsageProperty CountTotal Sq Ft
Government Property 27 151,406
Hotel & Motel 6 219,360
Industrial 5 168,946
Land 205 68,584
Miscellaneous Property 2 742
Mobile/Manufactured 75 71,331
Multifamily 243 1,028,599
Office 238 1,981,330
Residential 10,781 19,871,236
Retail 166 2,067,903
Senior Housing 1 364,771
Special Purpose 101 621,255
Sports & Entertaining 11 163,944

North Palm Beach Median Property Values per Sq Ft

North Palm Beach Median Property Values per Sq Ft by Property Class
Property Class Class AClass BClass C
UsageYear SaleLease SaleLease SaleLease
Airport (private or commercial), bus terminal, marine terminal, pier or marina. 2016 $520$24 $211$12 $102$7
Auto sales, auto repair and storage or auto service shop 2016 $600$50 $242$27 $102$20
Church 2016 $600$24 $242$12 $102$7
Club, lodge or union hall 2015 $284$23 $156$12 $91$6
Community Shopping Center 2016 $600$50 $242$27 $102$20
Condominium 2016 $292$16 $177$16 $130$16
Cooperative 2016 $204$16 $124$16 $76$16
County Owned 2016 $305$30 $148$15 $41$7
Department Store 2016 $600$50 $242$27 $102$20
Drive-in Restaurant 2016 $520$50 $211$27 $102$20
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $520$50 $211$27 $102$20
Forest, park or recreational area 2016 $305$30 $148$15 $41$7
Golf course or driving range 2016 $600$37 $242$17 $102$7
Government Undefined 2016 $305$30 $148$15 $41$7
Hotel or motel 2016 $600$33 $242$33 $102$33
Insurance company office 2016 $520$34 $211$24 $102$18
Mixed use - store and office or store and residential or residential combination 2016 $600$50 $242$27 $102$20
Mobile Home 2016 $82$6 $48$6 $35$6
Mortuary, cemetery or crematorium 2016 $305$24 $148$12 $41$7
Multi-family - 10 units or more 2016 $200$27 $101$21 $64$18
Multi-family - less than 10 units 2016 $200$27 $101$21 $64$18
Municipal Owned 2016 $305$30 $148$15 $41$7
Nightclub, cocktail lounge or bar 2016 $600$37 $242$17 $102$7
Office building, non-professional service building, multi-story 2016 $520$34 $211$24 $102$18
Office building, non-professional service building, one story 2016 $520$34 $211$24 $102$18
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $600$17 $242$10 $102$5
Private school or college 2016 $305$24 $148$12 $41$7
Professional service building 2016 $520$34 $211$24 $102$18
Public county school 2016 $305$30 $148$15 $41$7
Repair service shop (excluding automotive) 2016 $520$50 $211$27 $102$20
Restaurant, cafeteria 2016 $520$50 $211$27 $102$20
Retirement Home not eligible for exemption. 2016 $204$15 $124$10 $76$9
Service station 2016 $520$50 $211$27 $102$20
Single Family 2016 $341$16 $186$16 $147$16
State Owned 2016 $305$30 $148$15 $41$7
Store, one story 2016 $600$50 $242$27 $102$20
Supermarket 2016 $600$50 $242$27 $102$20
Undefined - Reserved for Use by Department of Revenue 2016 $200$16 $101$16 $64$16
Utility 2016 $305$42 $148$15 $41$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $600$17 $242$10 $102$5