Are you searching for an ideal place to live in Florida? Palm Coast is a great option, with its beautiful beaches, stunning sunsets, and amazing wildlife. But before you make the move, it's important to understand the rental rates in the area. In this article, we'll take a closer look at the current rental rates in Palm Coast, Florida, and explain what factors impact them. If you're considering relocating to Palm Coast, it's also worth researching reputable Fort Lauderdale moving companies to assist with your move. The average rent for a one-bedroom apartment in Palm Coast Florida is $837 per month, according to Apartment Guide. This is slightly higher than the national average of $825 per month.
The most expensive one-bedroom apartments can be found in downtown Palm Coast and near Palm Coast Beach, where rents can reach up to $1,000 per month. Two-bedroom apartments are also available with an average rent of $1,000 per month. The Palm Coast housing market has seen steady growth in recent years, with prices rising by 1.6% over the last year. The median home value in Palm Coast is currently $214,400, which is lower than the national median of $226,800.
The average price per square foot is $143, which is also lower than the national average of $154. The city has seen a decrease in vacancy rates over the last year, indicating that more people are choosing to rent or buy property in Palm Coast. The current vacancy rate is 3.6%, down from 4% last year. This indicates that more people are choosing to move to the city as well as investors looking for rental properties.For those looking to rent a home in Palm Coast, there are many options available. There are a variety of apartment complexes and single-family homes available for rent ranging in price from $750 to over $2,000 per month.
Additionally, there are many vacation rentals available as well as short-term rentals for those only staying temporarily. Rental rates have seen a slight increase in recent years due to the influx of new residents and tourists looking for places to stay while visiting the area. Despite this, rental rates in Palm Coast remain lower than many other cities in Florida and the nation as a whole. With its great weather, beaches, and amenities, it is no wonder why so many people are looking to rent or buy property in Palm Coast.
Housing Market TrendsThe Palm Coast housing market has seen steady growth in recent years, with prices rising by 1.6% over the last year.
The median home value in Palm Coast is currently $214,400, which is lower than the national median of $226,800. The average price per square foot is $143, which is also lower than the national average of $154.
Vacancy RatesThe city of Palm Coast has seen a decrease in vacancy rates over the past year, from 4% to 3.6%. This indicates that more people are choosing to rent or buy property in the area. This could be due to the city's attractive weather and beaches, making it an ideal destination for tourists and new residents.
In addition, investors may also be attracted to the city, looking for potential rental properties. The lower vacancy rate could also be an indicator of a healthy housing market in Palm Coast. This is because lower vacancy rates show that there is an increased demand for rental properties in the city, as people are willing to move there and investors are interested in buying properties. Overall, the decreasing vacancy rate in Palm Coast is a positive sign for the local housing market, as it suggests that more people are choosing to live in the city and invest in rental properties. Rental rates in Palm Coast Florida are slightly higher than the national average and the housing market has seen steady growth over the past year. With low vacancy rates and affordable prices, Palm Coast makes an attractive destination for those looking to rent or purchase property. The city has become a desirable location for many due to its beautiful weather and beaches, providing a great quality of life for residents.
Moreover, the rental market remains strong and is likely to continue to grow in the coming years.