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City · 26,371 residents · Martin County, Florida

Palm City , Florida

In Palm City, a typical home is worth $563,400 and typical rent is $2,013 a month. Compared with all of Martin County, typical household income is 52% higher, the typical home value is 30% higher, and the share of households that own their home is 10 points higher.

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  • Typical home value

    $563,400

    30% above the county

    57% above Florida

    • Palm City
    • Martin
    • Florida

  • Typical rent

    $2,013a month

    28% above the county

    21% above Florida

    • Palm City
    • Martin
    • Florida

  • Typical household income

    $125,820a year

    52% above the county

    69% above Florida

    • Palm City
    • Martin
    • Florida

  • Households that own their home

    90%

    10 points above the county

    22 points above Florida

    • Palm City
    • Martin
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$622,346
2% more than 12 months ago
Typical rent
$3,745 a month
5.7% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Palm City is in Martin County. The FHA loan limit ($603,750 for a one-unit home), the fair market rents and the help on this page are those of all of Martin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Palm City apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in River Park, the typical home value is $244,000: 57% less than in Palm City ($563,400).

  2. The typical household income in Palm City is $125,820, 52% more than in Martin County as a whole ($82,943).

  3. Nearby, in Jensen Beach, the typical rent is $1,267: 37% less than in Palm City ($2,013).

  4. The typical home in Palm City is worth $563,400, 30% more than in Martin County as a whole ($432,200).

  5. The typical rent in Palm City is $2,013 a month, 28% more than in Martin County as a whole ($1,569).

  6. Palm City has the 32nd highest homeownership rate of the 481 cities in Florida with more than 5,000 people (90%).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Palm City

What homes there are in Palm City, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Palm City: 74% of homes, more than in Martin County (54%).

Year built

The typical home in Palm City was built in 1993, 7 years after the typical one in Martin County.

There is more room for a big family here: 71% of homes have 3 bedrooms or more, against 52% in Martin County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,824 a month

Martin County: $2,238 a month

Without a mortgage

$1,008 a month

Martin County: $789 a month

Owners with a mortgage

58%

Martin County: 47%

Owning costs more in Palm City: with a mortgage, the typical cost is $2,824 a month; in Martin County, $2,238. Without one, $1,008.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, home values in Palm City rose at about the same pace as in Martin County: 61% against 58%.

Rents in Palm City rose more slowly than in Martin County: 25% since 2015–2019, against 41%.

The typical household income in Palm City rose 49% over that time; home values changed +61% and rent +25%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasurePalm CityMartin CountyFloridaUnited States
Rental vacancy Unreliable estimate6.4%7.6%5.5%
Homeowner vacancy Unreliable estimate1.2%1.4%0.9%
More than one person per room Unreliable estimate1.7%3.3%3.4%
People per household 2.532.332.512.53
Drive alone 68%72%70%69%
Carpool 6%9%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimate2%2%3%
Work from home 25%16%16%15%
Other means Unreliable estimate2%2%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

On average, a household in Palm City has 2.53 people, more than in Martin County (2.33).

Working from home is more common in Palm City: 25%, against 16% in Martin County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Palm City?

A typical home costs more than the typical income allows

We start with a typical home in Palm City, worth $563,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 44% of the typical household income in Palm City, which is $125,820 a year. For that payment to be 28% of income, a household would need to earn about $197,849 a year.

The calculator's FHA and conventional loan limits are those of all of Martin County.

Your numbers

Local data
$

Starts at the typical home value in Palm City. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $19,719 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,616

at 7.18% · 30 years

Loan amount
$553,195
Total interest
$795,918
Paid off in
November 2056

Includes $9,514 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,936 a month

  • Tight

    $2,936 to $3,775 a month

  • Hard

    more than $3,775 a month

    Your payment · 44%

Compared with the typical household income in Palm City ($125,820 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,616
Principal & interest$3,748
Property tax$385
Home insurance$235
FHA mortgage insurance (MIP)$249

You need at least $19,719 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Palm City and Martin County

Palm City is in Martin County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Palm City's own numbers

Typical home value
$563,400
Typical monthly rent
$2,013
Typical yearly household income
$125,820
Households that own their home
90%
Effective property tax rate
0.82%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Martin County

FHA limit, one-unit home
$603,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,069
Price change over 5 years (FHFA)
+67%
Homes in a high flood-risk zone
5.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Martin County.

Everything about Martin County

Buying

Buying a home in Palm City

A typical home in Palm City is worth $563,400: 30% above the county and 57% above Florida. With the typical household income in Palm City ($125,820 a year), a typical home costs 4.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Palm City 4.5 years
  • Martin 5.2 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Martin County

According to FHFA’s house price index, home prices in Martin County rose 137% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Martin County.

Period County Florida U.S.
Last year (2025) −1.7% −0.5% +2.9%
5 years (2020–2025) +67% +60% +47%
10 years (2015–2025) +137% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Palm City next to Martin County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Palm City $563,400
  • Martin $432,200
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Palm City $2,013
  • Martin $1,569
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Palm City $125,820
  • Martin $82,943
  • Florida $74,568
  • United States $80,734
See the full table
Palm City next to Martin County and Florida
Measure Palm City Martin County Florida U.S.
Typical home value $563,400 $432,200 $359,000 $332,700
Typical monthly rent $2,013 $1,569 $1,669 $1,413
Typical yearly household income $125,820 $82,943 $74,568 $80,734
Households that own their home 90% 80% 68% 65%
Typical yearly property tax $4,643 $3,322 $2,730 $3,119
Effective property tax rate 0.82% 0.77% 0.76% 0.94%
Renters with high rent for their income 49% 61% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Martin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Palm City

For a typical $563,400 home in Palm City, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Palm City's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,616a month

    Least cash to close
    Down payment
    $19,719
    Cash to close
    $36,621
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $249

  • Conventional, 5% down $4,513a month

    Down payment
    $28,170
    Cash to close
    $45,072
    Rate
    7.18%
    Mortgage insurance
    PMI · $268

  • Conventional, 20% down, no PMI $3,673a month

    Down payment
    $112,680
    Cash to close
    $129,582
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,194a month

    Down payment
    $84,510
    Cash to close
    $101,412
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Palm City and for Martin County.

Property tax

Effective rate in Palm City

0.82%of the home’s value each year

$4,643 a year for the typical owner in Palm City.

  • Palm City 0.82%
  • Martin 0.77%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Martin County

FEMA does not publish these numbers by city: they are for all of Martin County.

Homes in the high-risk zone
5.8%
3,905
Of those, with NFIP insurance
78%
County Florida U.S.
Homes in the high-risk zone 5.8% 13% 3.5%
Of those, with NFIP insurance 78% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Palm City

Typical rent in Palm City is $2,013 a month: 28% above the county. In Palm City, 49% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Martin County, by unit size. To pay the 2-bedroom one ($2,069 a month) without spending more than 30% of your income, you would need to earn $39.79 an hour working full time.

HUD fair market rent for all of Martin County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,707 $32.83 $68,280
1 bedroom $1,718 $33.04 $68,720
2 bedrooms $2,069 $39.79 $82,760
3 bedrooms $2,801 $53.87 $112,040
4 bedrooms $2,924 $56.23 $116,960

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Palm City

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Palm City is in ZIP code 34990.

For 2 bedrooms it is $2,530: $461 more than the fair market rent for Martin County ($2,069).

  • 34990 $2,530$3,430

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Palm City when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Free help

Help to buy or rent in Palm City

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Martin County; 1 says it serves in Spanish.

A man leans over the armchair where a girl is reading a book.

HUD counseling is free or low-cost

Assistance programs in Palm City

No down payment, repair or rent-help program on our list is for Palm City or Martin County. The ones below are statewide in Florida: they work in Palm City the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Palm City

The HUD-approved agencies closest to the center of Palm City, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Debt Management Credit Counseling Corp.

    941 SE Central Pkwy, Stuart · 3 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 8 more
    (866) 618-3328

  • Real Estate, Education and Community Housing, Inc.

    8409 N Military Trl Ste 112, West Palm Beach · 28 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 9 more
    (561) 491-1670

  • Housing Partnership, Inc.

    2001 W Blue Heron Blvd, Riviera Beach · 30 miles away · Spanish

    Also serves in Creole.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (561) 841-3500

Every agency in Martin County All counseling agencies in Florida

Help in Spanish near Palm City

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Palm City

In HUD’s record, no housing authority with an office in Martin County is named for Palm City or Martin County.

One other authority has an office in Martin County: see the list Source: HUD

Cities

Other cities in Martin County

These cities are also in Martin County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Martin County Housing in Florida

Nearby cities

The cities closest to Palm City, with the typical home value.

Neighboring counties

If Martin County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Palm City.

All guides
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Palm City

Short answers with the numbers for Palm City and all of Martin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Palm City?

The typical home value in Palm City is $563,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Martin County it is $432,200.

How much does it cost to rent in Palm City?

Typical rent in Palm City is $2,013 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Martin County is $2,069.

What is the FHA loan limit in Palm City?

Palm City uses the FHA limit for all of Martin County (2026): $603,750 for a one-unit home and $1,161,050 for a four-unit home.

How much property tax do owners pay in Palm City?

The typical homeowner in Palm City pays $4,643 a year, according to the U.S. Census Bureau. That is 0.82% of the home’s value; in Martin County, the rate is 0.77%.

Where can I find free help to buy or rent in Palm City?

There is 1 HUD-approved counseling agency with an office in Martin County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).