Total monthly cost of ownership
Cost to Own a Home in Palm Beach Shores, Florida
A $657,000 home here costs
$5,037per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,378. The real number is $1,660 higher every month — 49% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Palm Beach Shores against Palm Beach County and Florida
| Measure | Palm Beach Shores | Palm Beach County |
|---|---|---|
| Median home value | $657,200 | $407,300 |
| Median property tax | $6,131 | $3,600 |
| Effective tax rate | 0.933% | 0.884% |
| Median gross rent | $1,822 | $1,818 |
| Population | 1,290 | 1,507,453 |
The weather behind that power bill
Palm Beach Shores sits in Palm Beach County, which averages a high of 90.0°F in its hottest month and a low of 57.9°F in its coldest, with 61.75" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 4,166 cooling and 202 heating degree days, which is what sets the $136 electricity line above.
See the full climate breakdown for Palm Beach County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Palm Beach County
Full Palm Beach County cost breakdown · Every county in Florida
Common questions
How much does it cost to own a home in Palm Beach Shores?
A $657,000 home in Palm Beach Shores, Florida costs approximately $5,037 per month with 20% down at 6.66%. That is $3,378 principal and interest, $511 property tax, $397 homeowners insurance, $204 utilities and $548 set aside for maintenance.
What is the property tax rate in Palm Beach Shores?
Palm Beach Shores has an effective property tax rate of 0.933%, based on a median home value of $657,200 and median real estate taxes of $6,131. That is higher than the Palm Beach County average of 0.884%.
What is the average home price in Palm Beach Shores?
The median owner-occupied home value in Palm Beach Shores, Florida is $657,200, against $407,300 across Palm Beach County.
Is it cheaper to rent or buy in Palm Beach Shores?
Median gross rent in Palm Beach Shores is $1,822 a month, against $5,037 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Palm Beach Shores — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Florida.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.