Is West Palm Beach, FL a good place to invest in rental property?

West Palm Beach, FL has a median modeled monthly cash flow of $-523 and a median cap rate of 4.1%, on a median sold price of $435,000. Prices changed +3.8% year over year.

What is the average cap rate in West Palm Beach, FL?

The median cap rate across recently sold homes in West Palm Beach, FL is 4.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in West Palm Beach, FL?

The median sold price in West Palm Beach, FL is $435,000 (about $298 per square foot).

Investing in West Palm Beach, FL Real Estate

A data-driven snapshot of the West Palm Beach, FL rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$435,000Median sold price

$298Median $/sqft

4.1%Median cap rate

$-523Modeled cash flow / mo

+3.8%Appreciation YoY

54.2Months of supply

3,240Active listings

717Sold (last 12 mo)

What the West Palm Beach numbers say

In West Palm Beach, FL, the median home sold for $435,000 (about $298 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-523 of monthly cash flow. Sold prices moved +3.8% over the past year. Inventory sits at about 54.2 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 8 fix-and-flip deals in West Palm Beach — listings where the estimated after-repair value beats list price + rehab.

Other Florida markets to compare

See West Palm Beach cash-flowing listings

CashFlowRE ranks every for-sale home in West Palm Beach, FL by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen West Palm Beach deals, or browse the national market data.