West Palm Beach has officially become the fastest-growing luxury housing market in the United States, with high-end home prices skyrocketing 187.3% over the past decade. The median luxury home in the metro now comes in at $4.04 million, according to a new Redfin analysis — outpacing every major metro in the country.
Palm Beach County’s Luxury Boom
South Florida continues to dominate the luxury landscape, but West Palm Beach is the standout. Not only did it post the highest 10-year growth, it has also ranked among the strongest luxury markets year after year, recording the nation’s fastest annual price gains in nine of the past 12 months.
| Ranking | City / Metro | Median Price (Oct 2025) | % Price Change 2015-2025 |
| 1 | West Palm Beach, FL | $4,039,354 | 187.3% |
| 2 | Nashville, TN | $2,130,257 | 171.0% |
| 3 | Phoenix, AZ | $1,992,912 | 165.7% |
| 4 | Las Vegas, NV | $1,572,289 | 161.0% |
| 5 | Miami, FL | $4,312,850 | 148.0% |
| 6 | Orlando, FL | $1,454,545 | 137.2% |
| 7 | Seattle, WA | $3,092,793 | 127.1% |
| 8 | Denver, CO | $1,954,450 | 126.0% |
| 9 | Tampa, FL | $1,435,734 | 122.0% |
| 10 | Charlotte, NC | $1,660,876 | 121.0% |
Palm Beach’s rise as a hub for finance, wealth management, and high-earning remote workers has fueled the demand. The shift of hedge funds, private-equity firms, and family offices to the area — often dubbed “Wall Street South” — keeps bringing in buyers who want to live close to where they now work, invest, and network.
Why the Wealth Is Flowing South
Florida’s no-income-tax environment makes Palm Beach especially attractive to high earners escaping states like New York and California. The pandemic then accelerated the migration, sending affluent buyers directly into Palm Beach County’s luxury neighborhoods.
A Decade of Dominance
Since 2015, West Palm Beach has climbed from 11th to 7th most expensive luxury market in the nation. Its growth far surpasses traditional powerhouses, including New York, which saw just 15.4% growth over the same period.
The Bottom Line
Palm Beach County’s luxury market isn’t expected to cool down. With soaring demand, expanding finance jobs, and national attention, West Palm Beach is holding firmly to its spot at the top.
