Palm Coast, Florida

Flagler County Real Estate - Palm Coast

Palm Coast is in North Eastern Florida. It's population as recorded in the 2010 Census was 75,180.

The median age for residents of Palm Coast is 45.1. Around 29.2% of Palm Coast households include school aged children and 39.7% of households include individuals aged 65 years or over. Census records indicate 79.8% of the Palm Coast population are White, 12.7% are Black or African American, .2% American Indian, 2.5% Asian and 2.5% are Two or more Races.

There are 35,058 housing units in Palm Coast. 5,253 (14.9%) of these were reported as vacant in the 2010 Census. Palm Coast is a tourist destination, 33.2% (1,744) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 8,119 residential rental units in Palm Coast. 7,213 of them were occupied in 2010 providing a residential rental vacancy rate of 10.4%.

Palm Coast links:

Sue Goldthorp

I'm here to help

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 Palm Coast, Florida.

Palm Coast is located in Flagler County. It has a population of approximately 75,180 people. The population increased 2.9% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida, 2.8% for Flagler County and a 1.7% increase for the country as a whole. Palm Coast occupies 89.88 of the 485.46 square miles in Flagler County. It had a population density of 836.5 persons per square mile in 2010. This compared to 197.1 for the county, 350.6 for Florida and 87.4 for the country.

71.4% ( 35,058) of the 49,068 housing units in Flagler County are in Palm Coast (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.) Palm Coast has a 79.5% homeownership rate compared to Flagler County's 81.2% 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
Flagler County 95,696 $1,035 2.8% $48,708 49,068 $201,300
Palm Coast 75,180 $6582.9%$48,594 35,058$197,000

Palm Coast's medium household income in 2011 was $48,594. Flagler County's medium household income was $48,708, which is higher than the medium income for Florida as a whole: $47,827. 13.7% of the population in Palm Coast lives below the poverty line, compared to 14.7% in Florida, 13.3% of the population in Flagler County and 14.3% nationwide. Additional Information:

Palm Coast 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 Palm Coast. 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 $658 million, Palm Coast's economic activity represents 63.59% of Flagler County's $1,035MM in economic activity. Flagler County represents 0.16% of the Florida economy.

Palm Coast Economic Activity
ActivityValue (Millions)Percentage
Manufacturers shipments $0 0.0%
Merchant wholesaler sales $37 5.6%
Retail sales $532 80.9%
Accommodation and food services sales $88 13.4%
Total $658100%

Flagler 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
Palm Coast 75,180 $6582.9%$48,594 35,058$197,000

Flagler County is located in Northeastern Florida. This region is responsible for 8.7% of Florida's economic activity. Flagler County represents 1.9% 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
Baker County 27,115 $200 -0.1% $47,041 9,782 $142,600
Clay County 190,865 $2,614 1.8% $59,994 76,175 $178,900
Duval County 864,263 $43,464 1.8% $49,964 389,434 $170,300
Nassau County 73,314 $1,614 1.8% $58,933 35,286 $202,300
Putnam County 74,364 $1,703 -1.5% $34,174 37,406 $105,300
St. Johns County 190,039 $3,952 6.4% $64,153 91,348 $279,700
Flagler County 95,696 $1,035 2.8% $48,708 49,068 $201,300
Total 1,549,472 $54,582 1.9% $51,852 688,499 $182,914

Palm Coast Real Estate

There are 39,215 properties in Palm Coast. The following table shows a summary of them based on 2014 sales data.

Palm Coast Real Estate by Usage
Usage TypeProperty Count%Sales CountMedian PriceMedian Price/FtSales FromTo
Agricultural 24 0.06 0n/an/an/an/a
Commercial Property 0 0.00 0n/an/an/an/a
Government Property 335 0.85 2 $9,960,250 $106June 1st, 2014August 1st, 2014
Hotel & Motel 209 0.53 0n/an/an/an/a
Industrial 49 0.12 3 $4,000,000 $70January 1st, 2014January 1st, 2014
Miscellaneous Property 15 0.04 0n/an/an/an/a
Mobile/Manufactured 195 0.50 7 $95,000 $71January 1st, 2014August 1st, 2014
Multifamily 812 2.07 41 $143,000 $53January 1st, 2014August 1st, 2014
Office 615 1.57 20 $280,500 $179January 1st, 2014July 1st, 2014
Residential 36,705 93.60 1,858 $140,000 $69January 1st, 2014August 1st, 2014
Residential Property 0 0.00 0n/an/an/an/a
Retail 162 0.41 6 $6,762,500 $244May 1st, 2014July 1st, 2014
Senior Housing 34 0.09 0n/an/an/an/a
Special Purpose 41 0.10 0n/an/an/an/a
Sports & Entertaining 19 0.05 0n/an/an/an/a

Agricultural Real Estate in Palm Coast, Florida

24( .06%) of the properties in Palm Coast are classified as Agricultural.

Commercial Real Estate in Palm Coast, Florida

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

Government Real Estate in Palm Coast, Florida

335( .85%) of the properties in Palm Coast are classified as Government. 2 of them sold between June 1st, 2014 and August 1st, 2014. The total value of these sales was $19,920,500. The median sales price was $9,960,250. In 2014 the median sales price for Government Property in Palm Coast was $106 per sq ft.

Hotel & Motel Real Estate in Palm Coast, Florida

209( .53%) of the properties in Palm Coast are classified as Hotel & Motel.

Industrial Real Estate in Palm Coast, Florida

49( .12%) of the properties in Palm Coast are classified as Industrial. 3 of them sold between January 1st, 2014 and January 1st, 2014. The total value of these sales was $14,550,000. The median sales price was $4,000,000. In 2014 the median sales price for Industrial in Palm Coast was $70 per sq ft.

Miscellaneous Real Estate in Palm Coast, Florida

15( .04%) of the properties in Palm Coast are classified as Miscellaneous.

Mobile/Manufactured Real Estate in Palm Coast, Florida

195( .50%) of the properties in Palm Coast are classified as Mobile/Manufactured. 7 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $807,000. The median sales price was $95,000. In 2014 the median sales price for Mobile/Manufactured in Palm Coast was $71 per sq ft.

Multifamily Real Estate in Palm Coast, Florida

812( 2.07%) of the properties in Palm Coast are classified as Multifamily. 41 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $6,993,500. The median sales price was $143,000. In 2014 the median sales price for A Class Multifamily in Palm Coast was $75 per sq ft, B Class properties sold for $53/ft and C Class $40/ft.

Office Real Estate in Palm Coast, Florida

615( 1.57%) of the properties in Palm Coast are classified as Office. 20 of them sold between January 1st, 2014 and July 1st, 2014. The total value of these sales was $7,632,000. The median sales price was $280,500. In 2014 the median sales price for A Class Office in Palm Coast was $242 per sq ft, B Class properties sold for $179/ft and C Class $77/ft.

Residential Real Estate in Palm Coast, Florida

36,705( 93.60%) of the properties in Palm Coast are classified as Residential. 1,858 of them sold between January 1st, 2014 and August 1st, 2014. The total value of these sales was $331,828,904. The median sales price was $140,000. In 2014 the median sales price for A Class Residential in Palm Coast was $119 per sq ft, B Class properties sold for $69/ft and C Class $46/ft.

Residential Real Estate in Palm Coast, Florida

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

Retail Real Estate in Palm Coast, Florida

162( .41%) of the properties in Palm Coast are classified as Retail. 6 of them sold between May 1st, 2014 and July 1st, 2014. The total value of these sales was $41,160,000. The median sales price was $6,762,500. In 2014 the median sales price for Retail in Palm Coast was $244 per sq ft.

Senior Housing Real Estate in Palm Coast, Florida

34( .09%) of the properties in Palm Coast are classified as Senior Housing.

Special Purpose Real Estate in Palm Coast, Florida

41( .10%) of the properties in Palm Coast are classified as Special Purpose.

Sports & Entertaining Real Estate in Palm Coast, Florida

19( .05%) of the properties in Palm Coast are classified as Sports & Entertaining.

Palm Coast, Flagler County Market Data

Palm Coast Real Estate
Property UsageProperty CountTotal Sq Ft
Agricultural 24 11,055
Government Property 394 2,112,965
Hotel & Motel 262 408,351
Industrial 49 1,758,293
Land 18,869 234,494
Miscellaneous Property 17 57,080
Mobile/Manufactured 192 226,479
Multifamily 813 3,111,997
Office 617 1,623,967
Residential 37,738 82,451,290
Retail 164 3,837,454
Senior Housing 57 501,138
Special Purpose 42 699,487
Sports & Entertaining 17 397,351

Palm Coast Median Property Values per Sq Ft

Palm Coast 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 $246$20 $129$15 $88$10
Auto sales, auto repair and storage or auto service shop 2016 $379$28 $169$14 $80$8
Bowling alley, skating rink, pool hall or enclosed arena 2016 $379$37 $169$17 $80$7
Church 2016 $67$20 $67$15 $67$10
Club, lodge or union hall 2016 $77$20 $66$15 $66$10
College 2016 $77$28 $66$13 $66$8
Community Shopping Center 2016 $379$28 $169$14 $80$8
Condominium 2016 $233$16 $135$16 $91$16
Cooperative 2016 $233$16 $135$16 $91$16
County Owned 2016 $77$28 $66$13 $66$8
Department Store 2016 $379$28 $169$14 $80$8
Drive-in Restaurant 2016 $246$28 $129$14 $88$8
Enclosed theater or auditorium 2016 $379$37 $169$17 $80$7
Federal Owned 2016 $77$28 $66$13 $66$8
Financial institution (bank, saving and loan company, mortgage company, credit services) 2016 $379$28 $169$14 $80$8
Florist or greenhouse 2016 $379$28 $169$14 $80$8
Forest, park or recreational area 2016 $77$28 $66$13 $66$8
Golf course or driving range 2016 $379$37 $169$17 $80$7
Grazing land soil capability Class I 2016 $67$27 $67$15 $67$9
Heavy industrial 2016 $67$8 $67$5 $67$4
Home for the aged 2016 $77$12 $66$11 $66$10
Hospital 2016 $77$28 $66$13 $66$8
Hotel or motel 2016 $379$33 $169$33 $80$33
Improved agricultural 2016 $67$27 $67$15 $67$9
Leasehold interests (government owned property leased by a non-governmental lessee) 2016 $77$42 $66$15 $66$6
Light manufacturing 2016 $67$8 $67$5 $67$4
Miscellaneous Residential (migrant camp or boarding home.) 2016 $233$33 $135$33 $91$33
Mixed use - store and office or store and residential or residential combination 2016 $379$28 $169$14 $80$8
Mobile Home 2016 $62$6 $40$6 $23$6
Mortuary, cemetery or crematorium 2016 $77$20 $66$15 $66$10
Multi-family - 10 units or more 2016 $114$10 $71$9 $55$8
Multi-family - less than 10 units 2016 $96$10 $68$9 $55$8
Municipal Owned 2016 $77$28 $66$13 $66$8
Office building, non-professional service building, multi-story 2016 $246$15 $129$13 $88$10
Office building, non-professional service building, one story 2016 $246$15 $175$13 $88$10
Open storage (building supplies, auto wrecking, fuel, equipment or material storage) 2016 $67$8 $67$5 $67$4
Orphanage, other non-profit or charitable services 2016 $77$20 $66$15 $66$10
Private school or college 2016 $67$20 $67$15 $67$10
Professional service building 2016 $246$15 $129$13 $88$10
Public county school 2016 $77$28 $66$13 $66$8
Repair service shop (excluding automotive) 2016 $379$28 $169$14 $80$8
Restaurant, cafeteria 2016 $246$28 $129$14 $88$8
Service station 2015 $214$29 $86$15 $63$8
Single Family 2016 $122$16 $83$16 $65$16
State Owned 2016 $77$28 $66$13 $66$8
Store, one story 2016 $96$28 $68$14 $55$8
Supermarket 2016 $379$28 $169$14 $80$8
Timberland - site index 80 to 89 2016 $67$27 $67$15 $67$9
Timberland not classified by site index to Pines 2016 $67$27 $67$15 $67$9
Tourist attraction, permanent exhibit or other entertainment facilities 2016 $379$37 $169$17 $80$7
Undefined - Reserved for Use by Department of Revenue 2016 $96$16 $68$16 $55$16
Utility 2016 $77$42 $66$15 $66$6
Warehousing, distribution terminal, trucking terminal, or van and storage warehousing 2016 $67$8 $67$5 $67$4