Palm Springs Real Estate

The Village of Palm Springs was chartered in 1957, during the second Florida expansion. It consisted of only 700 acres (283 hectares) of grassland, a dairy barn, and zero inhabitants. However, one year later, the first sector of the village was inaugurated with 800 modern residences, built on high ground, with cobblestoned roads and sidewalks.

Today, Palm Springs is a full-service municipality with a population of about 22,000 (2015); it’s a community that constantly seeks to preserve its high quality of life while keeping its small-town feel. The homeownership rate is 53% and the median household income is $34,000. The cost of living is nearly 7% lower than the national average. The real estate market is cool now (it tends to favor buyers). The median home price is $118,200 and the average monthly apartment rent is $1,400 (2017).

The city’s council has striven to boost the community’s economic growth by expanding the village boundaries. Businesses, including the Greenwood Shopping Center and other retail complexes, concentrate on Congress Avenue – the local name for State Road 807.

Featured Real Estate Agent/Agency in Palm Springs, FL: Danielle Pitman - Pitman Realty Group.

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