West Palm Beach is becoming a prime location for investors with its mix of charm and urban sophistication, drawing seasonal renters. In 2024, the average daily rental price was $246, while the median home price is $365K, leading to potential rental income that nearly covers a homeowner's mortgage. Small investors are particularly interested in the market, driven by its affordability and stable rental demand. With significant tourist attractions and low home prices relative to other beachfront areas, West Palm Beach presents an enticing opportunity for new and seasoned investors alike.
With a current median home price of $365K, what would make the monthly mortgage payment approximately $2,157-or $25,883 annually.
An investor who rented out a property for 14 weeks in peak season... would yield about $24,122.
With vibrant art districts, views of the Atlantic ocean, and easy access to Palm Beach Island, it draws seasonal renters looking for culture and coast.
West Palm Beach fits their typical strategy: relatively low home prices, stable tourist demand, and consistent rental activity without oversaturation.
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