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Royal Palm Beach, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,886
Monthly Cash Flow
-$78
Principal + Equity
$3,450
Annual Total Gain
$40,458
Cash on Cash
-0.79%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$249
Occupancy Rate
63.33%
Monthly Revenue
$3,158
Monthly Cash Flow
-$280
Principal + Equity
$3,450
Annual Total Gain
$38,032
Cash on Cash %
-2.82%
Net ROI %
Market Health & Growth
Median Income
$92,382
Population
39,089
LTR Renter %
19.89%
Forecast (1 yr)
2%
Appreciation (1 yr)
-3.79%
Appreciation (5 yr)
49.99%
Appreciation (10 yr)
111.3%
Job Growth
-1.13%
LTR Rentability
Moderate
STR Demand
64
STR Rentals
2,623
Top Public Schools
AAlexander W. Dreyfoos Jr. School of the Arts
ASuncoast Community High School
A-
A-
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Best Suburbs to Live in Florida
#113out of 380 markets
Most Diverse Suburbs in Florida
#22out of 380 markets
Most Diverse Places to Live in Florida
#45out of 1195 markets
B
Public School
C
Crime And Safety
C
Housing
B-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Royal Palm Beach, FL.
In Royal Palm Beach, FL, Short Term Rentals (STRs) are regulated by the village's Code of Ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Registration and Licensing: All STRs in Royal Palm Beach must be registered with the village and obtain a license to operate. This includes providing proof of insurance, safety inspections, and compliance with zoning regulations.
2. Zoning Restrictions: The village has specific zoning regulations that dictate where STRs are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
3. Occupancy Limits: The village imposes occupancy limits on STRs to prevent overcrowding and maintain the quality of life for residents. Investors should be aware of these limits and ensure that they are in compliance.
4. Noise and Nuisance Regulations: STRs in Royal Palm Beach are subject to noise and nuisance regulations to ensure that they do not disrupt the peace and quiet of the neighborhood. Investors should be aware of these regulations and take steps to mitigate any potential issues.
5. Taxation: STRs in Royal Palm Beach are subject to local taxes, including sales and tourist development taxes. Investors should be aware of their tax obligations and ensure that they are in compliance with all applicable laws.
Overall, investors looking to purchase a property for Short Term Rental purposes in Royal Palm Beach, FL should thoroughly research and understand the village's regulations and requirements to ensure a successful investment.
Market Trends Over Time
Explore 25 years of market data for Royal Palm Beach, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Royal Palm Beach, FL.
The LTR Genie Score of Royal Palm Beach, FL is 78 and STR Genie Score is 71, indicating a high and moderate rating respectively. The LTR Rentability is moderate, which may be due to the stagnant LTR Rent Growth Rate of 0.0%. However, the LTR Net ROI of 33.97% is quite attractive for long-term rental investors. On the other hand, the STR Net ROI of 31.93% and STR Occupancy rate of 63.33 suggest a decent potential for short-term rental investment. The 1-Year Price Appreciation Forecast of 2.0% also adds to the appeal of the market.
Royal Palm Beach, FL is a growing suburban community located in Palm Beach County, known for its family-friendly atmosphere, parks, and recreational activities. The area offers a mix of residential properties, making it a diverse market for real estate investors to explore.
Considering the high LTR Genie Score and the potential for long-term rental profitability, Royal Palm Beach, FL appears to be an attractive market for long-term rental investment. However, with a moderate STR Genie Score and decent short-term rental metrics, investors may also find success in the short-term rental market. Ultimately, a diversified investment strategy that includes both long-term and short-term rentals could be beneficial in maximizing returns in Royal Palm Beach, FL.
LTR Genie Score 93
$102,000
🛏 1 Beds🛁 2.0000 Baths🏙 660 sqft.🏠 SINGLE FAMILY
12005 Poinciana Blvd Unit 103, Royal Palm Beach, FL 33411