Lake Worth Beach’s Zillow ZHVI typical home value is $441,314, down 1.7% year over year, while Zillow ZORI typical observed market rent is $2,375 a month, up 0.8%. Their implied gross yield is 6.5% before vacancy and every operating cost, including maintenance, insurance, taxes and management; it also excludes capital work and financing. The value equals 7.2x city median household income, and annual ZORI equals 46.6% of that income, signaling a demanding affordability backdrop rather than property-level rent capacity.
The city has 17,949 housing units, and renters occupy 54.1% of occupied units, making rental demand relevant while saying nothing about a specific unit’s lease-up. ACS surveyed occupied housing reports a $401,200 owner-reported median home value and $1,545 median gross rent, including selected utilities. Those figures describe different housing universes and periods from Zillow ZHVI and ZORI, so they should not be averaged or used as interchangeable pricing evidence.
Direct city context is mixed: 65.8% of renter households are rent-burdened, and the stock is 50.6% single-family and 12.5% large multifamily. Citywide vacancy is 13.7%; seasonal vacancy accounts for 46.4% of vacant units, versus 25.3% classified for rent. Population is 43,365 and median household income is $61,200; poverty is 21.2% and unemployment is 6.9%. The record lacks the baseline population count needed to quantify change; any ACS-vintage comparison would involve overlapping surveys and possible boundary changes. These survey facts describe broad demand constraints and stock composition, not available inventory, tenant quality or lease-up speed.
In Palm Beach County, county listings have a 77-day median market time, and the county effective property-tax rate is 0.863%, useful for negotiation and expense assumptions but not city measurements. In the broader Miami metro, metro employment declined 0.3% year over year, providing labor context without establishing city demand. The national Freddie Mac 30-year mortgage rate is 6.58%, a financing benchmark rather than a city borrowing quote.
Underwriting remains incomplete because citywide typical values and rents do not establish a property’s achievable rent, condition, operating costs, insurance terms, tax bill, legal status or flood exposure. Before deciding, verify the parcel’s asking price and title; unit mix, occupancy and leases; comparable signed rents and sales; inspection and deferred maintenance; utility responsibility; current tax assessment; insurance and hazard quotes; zoning, permits and rental rules; and a lender term sheet. Stress-test vacancy, concessions, repairs, capital reserves and financing rather than treating gross yield as net return.