Palm Coast, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Palm Coast, FL Housing Market Trends

With 89,800 people, 31,683 houses or apartments, and a median cost of homes of $261,158, Palm Coast real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Palm Coast, accounting for 88.02% of the city's housing units. Other types of housing that are prevalent in Palm Coast include row houses and other attached homes ( 4.89%), large apartment complexes or high rise apartments ( 4.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.15%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Palm Coast. Owner-occupied housing accounts for 74.09% of Palm Coast's homes, and 82.59% have either three or four bedrooms, which is average sized relative to America.

Palm Coast homes and real estate are some of the newest in America. 49.97% of Palm Coast's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Palm Coast real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 49.02%), and between 1940-1969 ( 0.85%).

Vacant housing appears to be an issue in Palm Coast. Fully 13.86% of the housing stock is classified as vacant. Left unchecked, vacant Palm Coast homes and apartments can be a drag on the real estate market, holding Palm Coast real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Palm Coast Home Appreciation Rates

In the last 10 years, Palm Coast has experienced some of the highest home appreciation rates of any community in the nation. Palm Coast real estate appreciated 95.12% over the last ten years, which is an average annual home appreciation rate of 6.91%, putting Palm Coast in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Palm Coast definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Palm Coast's appreciation rate, at 10.15%, has been at or slightly above the national average. In the latest quarter, Palm Coast's appreciation rate has been 3.25%, which annualizes to a rate of 13.63%.

Relative to Florida, our data show that Palm Coast's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Palm Coast differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Palm Coast - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Palm Coast real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$261,158

Palm Coast, FL HOME PRICES

> $1,316,000
0.4%
0.4%
$987,001 - $1,316,000
0.3%
0.3%
$658,001 - $987,000
2.1%
2.1%
$526,001 - $658,000
3.7%
3.7%
$395,001 - $526,000
8.6%
8.6%
$264,001 - $395,000
38.4%
38.4%
$131,001 - $264,000
40.7%
40.7%
$66,001 - $131,000
4.1%
4.1%
$0 - $66,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
31,683

Palm Coast Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
108.05% 3.47%
2
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,791 / per month

Homeownership Rate

Owners
74.1%
74.1%
Renters
25.9%
25.9%
Vacant
13.9%
13.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
50.0%
50.0%
1970 - 1999
49.0%
49.0%
1940 - 1969
0.9%
0.9%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
88.0%
88.0%
Townhomes
4.9%
4.9%
Small Apt. Buildings
2.1%
2.1%
Apt. Complexes
4.5%
4.5%
Mobile Homes
0.5%
0.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.6%
0.6%
1 Bedroom
1.5%
1.5%
2 Bedrooms
13.4%
13.4%
3 Bedrooms
64.3%
64.3%
4 Bedrooms
18.3%
18.3%
5 or more bedrooms
1.9%
1.9%
0.0% 100.0%
% OF HOMES