Palmer Ranch, FL
Population 15,873 · Florida
About Palmer Ranch, FL
Palmer Ranch is a mid-sized city located in Florida with a population of 15,873 residents according to the latest US Census Bureau American Community Survey data. The median household income is $103,682 per year, which is 38% above the national median of $75,149. The median age of 65.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Palmer Ranch features a median home value of $563,000, which is 130% above the national median of $244,900. This places Palmer Ranch in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,819, 56% above the national average of $1,163/month. Of the 10,043 total housing units, 75% are owner-occupied (6,165 units) and 25% are renter-occupied (2,100 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Palmer Ranch shows an unemployment rate of 2.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 5.3%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Palmer Ranch have an average one-way commute time of 24.7 minutes.
Education & Demographics
55.1% of Palmer Ranch residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.5% White, 0.4% Hispanic or Latino, 0.4% Black or African American, and 4.2% Asian residents, with 15.9% of the population being foreign-born.
Cost of Living in Palmer Ranch, FL
Compared to national averages, Palmer Ranch has a median household income of $103,682 (38% above the national median of $75,149). Home values average $563,000, which is 130% above the national median. Monthly rent at $1,819 is 56% above the US average of $1,163. Within Florida, Palmer Ranch's income is 37% above the state average of $75,893, and home values are 59% above the state median of $353,675.
Why Live in Palmer Ranch, FL?
Palmer Ranch offers a strong local economy with a median household income of $103,682, well above the national average, and a strong job market with an unemployment rate of just 2.0%, and a well-educated community where 55.1% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.3%, better than the national average, and short commute times averaging just 24.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $563,000. However, Palmer Ranch’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Palmer Ranch has a population of 15,873 with a median age of 65.6 years. Compare Palmer Ranch with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Palmer Ranch
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fruitville | 15,828 | $86,500 | $379,600 | Compare |
| Warrington | 15,935 | $58,309 | $186,700 | Compare |
| Longwood | 15,952 | $77,214 | $327,400 | Compare |
| Marco Island | 15,998 | $104,105 | $866,200 | Compare |
| Niceville | 16,043 | $96,611 | $381,700 | Compare |
| Opa-locka | 16,097 | $31,680 | $281,000 | Compare |
| Azalea Park | 16,110 | $64,585 | $255,000 | Compare |
| West Lealman | 15,560 | $48,965 | $162,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Palmer Ranch With Other Cities
Frequently Asked Questions about Palmer Ranch
What is the population of Palmer Ranch, FL?
The population of Palmer Ranch, FL is 15,873 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Florida.
What is the median household income in Palmer Ranch?
The median household income in Palmer Ranch, FL is $103,682 per year, which is 38% above the national median of $75,149.
What is the median home value in Palmer Ranch?
The median home value in Palmer Ranch, FL is $563,000, which is 130% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Palmer Ranch?
The median monthly rent in Palmer Ranch, FL is $1,819, which is 56% above the national average of $1,163/month.
What is the unemployment rate in Palmer Ranch?
The unemployment rate in Palmer Ranch, FL is 2.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Palmer Ranch, FL a good place to live?
Palmer Ranch offers above-average incomes, a competitive housing market, and a strong job market. With a population of 15,873 and a median age of 65.6, the city appeals to established professionals and retirees.
How educated is Palmer Ranch, FL?
55.1% of residents in Palmer Ranch aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Palmer Ranch?
Key cost-of-living indicators for Palmer Ranch, FL: median home value is $563,000 (130% above national), median rent is $1,819/month, and median household income is $103,682. The home-value-to-income ratio is 5.4x, a moderate figure by national standards.
What is the poverty rate in Palmer Ranch?
The poverty rate in Palmer Ranch, FL is 5.3%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Palmer Ranch, FL?
Palmer Ranch's population is 0.5% White, 0.4% Hispanic or Latino, 0.4% Black or African American, 4.2% Asian, and 4.2% two or more races. 15.9% of residents are foreign-born.