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Palmer Ranch, Florida

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
16,867
Population
$102,838
Median Income
$592,900
Home Value
64.9
Median Age

Demographics

Palmer Ranch has a population of 16,867 with a median age of 64.9. Here is the racial and ethnic breakdown of the population:

White
85.9%
Hispanic
7.0%
Asian
3.1%
Black
2.9%
Other
1.1%
Demographic Value
Total Population16,867
Median Age64.9
White85.9%
Black or African American2.9%
Asian3.1%
Hispanic or Latino7.0%
Other / Two or More Races1.1%
Palmer Ranch, Florida — racial composition (Census ACS 2024)Donut chart of 5 segments totaling 100.White: 85.9%Hispanic/Latino: 7.0%Asian: 3.1%Black: 2.9%Other: 1.1%16,867PopulationWhiteWhite85.9%Hispanic/LatinoHispanic/Latino7.0%AsianAsian3.1%BlackBlack2.9%OtherOther1.1%

Income & Economy

The median household income in Palmer Ranch is $102,838, which is 27.6% above the national median of $80,610. The per capita income is $69,893. The poverty rate is 6.9%.

$102,838
Median Household Income
$69,893
Per Capita Income
6.9%
Poverty Rate

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Education

In Palmer Ranch, 98.6% of residents age 25+ have a high school diploma or higher, and 56.4% hold a bachelor's degree or higher (28.6% with a graduate or professional degree).

HS Diploma+
98.6%
Bachelor's+
56.4%
Graduate+
28.6%
Education Level % of Adults (25+)
High School Diploma or Higher98.6%
Bachelor's Degree or Higher56.4%
Graduate or Professional Degree28.6%

Housing

The median home value in Palmer Ranch is $592,900, above the national median of $303,400. The median monthly rent is $1,794. The homeownership rate is 75.5%.

$592,900
Median Home Value
$1,794/mo
Median Rent
75.5%
Homeownership Rate
Housing Metric Value
Median Home Value$592,900
Median Monthly Rent$1,794
Homeownership Rate75.5%
Vacancy Rate16.0%

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Frequently Asked Questions

What is the population of Palmer Ranch, Florida?
The population of Palmer Ranch, Florida is 16,867 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Palmer Ranch, Florida?
The median household income in Palmer Ranch, Florida is $102,838. This is 27.6% above the national median of $80,610.
What is the median home value in Palmer Ranch, Florida?
The median home value in Palmer Ranch, Florida is $592,900. The median monthly rent is $1,794.
What percentage of people in Palmer Ranch have a college degree?
In Palmer Ranch, Florida, 56.4% of adults age 25 and older hold a bachelor's degree or higher, and 98.6% have a high school diploma or higher.
Is Palmer Ranch, Florida an affordable place to live?
The home price-to-income ratio in Palmer Ranch, Florida is 5.8x (median home value $592,900 vs. median income $102,838), making it moderately affordable by that measure. A ratio under 4.0 is generally considered affordable.

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