West Palm Beach, FL

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the West Palm Beach short-term rental market based on reliable data.

Listings

4163 / 8470

Reliable / Active

Cap Rate

10%

Middle-Earners Gross Yield

Revenue

$40,547

Middle-Earners Revenue

Occupancy

69%

Middle-Earners Occupancy

Home Value

$396,195

Median Home Sale Price

Top Earners

$91,838

Top-Earners Revenue

West Palm Beach

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in West Palm Beach.

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B

Generally Investor friendly

West Palm Beach Regulations

West Palm Beach permits STRs citywide, but requires a multi-step city rental license, county BTR/TDT registration, code and fire inspections, and $1M liability insurance with a 24/7 responsible agent—moderate complexity and cost without hard citywide caps, keeping investor risk manageable.

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About West Palm Beach

West Palm Beach, located in southeastern Florida, is a vibrant city known for its stunning waterfront views and cultural attractions. With a population of approximately 117,415 (as of 2020), it is part of the larger Miami metropolitan area. West Palm Beach is situated about 70 miles north of Miami, making it easily accessible from one of the state's largest urban centers.

The city is renowned for its picturesque downtown and beautiful coastal scenery. A notable landmark is the Norton Museum of Art (Norton Museum), which houses a vast collection of American, European, and Chinese art. Another key attraction is the Palm Beach Zoo & Conservation Society (Palm Beach Zoo), offering a rich variety of wildlife and conservation programs.

West Palm Beach also boasts Clematis Street (Clematis Street), a vibrant area lined with trendy bars, restaurants, and shops that becomes particularly lively during the weekend. For outdoor enthusiasts, the Grassy Waters Preserve (Grassy Waters) provides extensive trails and a glimpse of Florida's unique wetland ecosystem.

The city's appealing mix of cultural, recreational, and natural attractions makes it an attractive location for short-term rentals. Its proximity to major tourist spots like Miami further enhances its appeal for visitors seeking a pleasant and convenient base for exploring South Florida.

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