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Homebuying in Palm Beach County makes more financial sense than renting, but with caveats.

201 Rilyn Drive West Palm Beach FL 33405

The tables have turned in South Florida’s vexing real estate market making it better to buy than rent, but just barely and there are caveats, according to a new study from Florida Atlantic University.

Despite sustained high home sale prices that in Palm Beach County reached record extremes this summer, housing economists at FAU and Florida International University said a continued influx of residents and a nagging lack of inventory means housing costs have likely stabilized and have the potential to grow.


201 Rilyn Drive West Palm Beach FL 33405


Ken H. Johnson, FAU's lead author on the study, said until recently it was slightly better to rent than buy in the Miami-metro area, which includes Palm Beach, Broward and Miami-Dade counties.

This is the first time since the universities began generating the study in late 2022 that they are favoring buying a home over renting.

Click here to read the full article on The Palm Beach Post website.



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