Palm Beach homes a “bargain”? RealtyTrac says it’s so

Rainstorm in Palm Beach (Greg Lovett/The Palm Beach Post)

Rainstorm in Palm Beach (Greg Lovett/The Palm Beach Post)

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.

The top four: Keansburg, New Jersey (median price: $71,000); Mastic Beach, New York ($99,000); Crisfield, Maryland ($50,559); and Riverside, Rhode Island ($181,500).

RealtyTrac analyzed 1,400 beach towns. Palm Beach was the only Florida town to make the top 15.

 

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