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How Much Does It Cost to Buy a Home in West Palm Beach? (2026)
2026 home prices by budget in West Palm Beach, plus what to check in a condo and the taxes, insurance and closing costs that come with owning.
Short answer: the median single-family sale price in West Palm Beach was $651,000 in the second quarter of 2026, up 1.7% from a year earlier, and condos and townhomes sold for a median of $364,500, up 13.7%, according to MIAMI REALTORS. That makes West Palm Beach one of the more approachable places to buy near the water in Palm Beach County, with a single-family median just under the countywide figure.
Prices still swing hard from neighborhood to neighborhood. Here's how the market breaks down in 2026, plus the costs that come with owning here.
Under $400,000: condos and townhomes, including older buildings near downtown and along the Intracoastal. Condos make up a big share of the market here, so there's plenty to choose from.
$500,000 to $900,000: single-family homes in established neighborhoods, including many of the city's historic districts, where 1920s and 1930s homes sit on tree-lined streets close to downtown.
$1 million to $3 million: renovated historic homes, newer construction near downtown and luxury condos with Intracoastal views.
$3 million and up: waterfront estates along Flagler Drive and the Intracoastal, and the top floors of downtown's newest towers.
With so much of the market in condos, the building matters as much as the unit. Ask for the association's budget and reserves, any planned or recent special assessments, the latest inspection reports and the rental rules. If you plan to rent the unit while you're away, read our guide to West Palm Beach condos that allow rentals first.
Property taxes. Your bill combines county, school, district and city rates. The City of West Palm Beach's operating rate was 8.1308 mills for fiscal 2026, and the city proposed keeping that rate for the coming year; check the Property Appraiser's hearing page for the adopted rate. A homesteaded primary residence gets up to $51,411 off its assessed value for 2026 through the homestead exemption.
Homeowners insurance. The average Palm Beach County premium was $6,323 a year in the state's July 2026 Property Insurance Stability Report. Condo owners usually need a smaller policy that covers the interior, while the association insures the building.
Closing costs. Buyers in Palm Beach County typically budget about 2% to 3% of the price, including documentary stamp tax on the mortgage, intangible tax, the lender's title policy and inspections.
On the ballot. Florida voters will decide Amendment 3 on November 3, 2026, which would raise the homestead exemption from non-school property taxes to $150,000 in 2027 and $250,000 in 2028. The Property Appraiser's calculator shows the effect on a specific home.
What is the median home price in West Palm Beach?
The single-family median was $651,000 in the second quarter of 2026, and the condo and townhome median was $364,500, according to MIAMI REALTORS.
Are home prices going up in West Palm Beach?
Yes, modestly. The single-family median was up 1.7% year over year in Q2 2026, and the condo median was up 13.7%.
Is West Palm Beach cheaper than Jupiter or Palm Beach Gardens?
Yes. Q2 2026 single-family medians were $651,000 in West Palm Beach, $1,099,900 in Jupiter and $1,150,000 in Palm Beach Gardens.
Are condos a good buy in West Palm Beach?
They can be. Condos make up a big share of the market, but review the association's reserves, assessments and rental rules before you buy.
From a downtown condo you can lock and leave to a historic home a short bike ride from Clematis Street, West Palm Beach has a lot of range. Start with our West Palm Beach guide and whether West Palm Beach is a good place to live, then tell us what you're looking for.
The Meyer Lucas Team serves buyers, sellers, relocators and investors throughout Jupiter, Palm Beach Gardens, North Palm Beach, Juno Beach, Tequesta, Palm Beach, West Palm Beach, Stuart, Hobe Sound and Palm City.
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