Palm Beach is known for $70 million mansions and $60 parking tickets, but research firm RealtyTrac has a different twist on the tony island: It ranks fifth on the company’s ranking of “bargain beach towns.”
RealtyTrac used air quality, crime and home prices to calculate its ranking. The measure included condos, not just single-family homes, and by that calculation, Palm Beach’s median home price was a modest $497,500, priciest among RealtyTrac’s top 15 bargains.
RealtyTrac analyzed 1,400 beach towns. Palm Beach was the only Florida town to make the top 15.
Source: Palm Beach Post