Boca Raton, FL—33428
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boca Raton, FL
As of Oct '25, the median home price in Boca Raton, FL is $480,000, with a year-over-year change of -5.1%. This indicates that home prices in Boca Raton, FL are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $480,000 | -5.1% |
| Single Family | $563,000 | -4.7% |
| Condos | $218,000 | -12.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $151,000 | -9.0% |
2 Bed | $237,000 | -11.9% |
3 Bed | $499,000 | -5.0% |
4 Bed | $729,000 | -3.4% |
| 5 Bed | $1,055,000 | -3.8% |
% of Housing Stock
Rental Trends — Boca Raton, FL
As of July '25, Rentcast reports the average rent in Boca Raton, FL is $2,950, with a year-over-year rent change of -4.5%. Per bedroom, the median rent as of July '25 in Boca Raton, FL is 1-bedrooms: $1,920, 2-bedrooms: $2,480, 3-bedrooms: $3,570, 4-bedrooms: $4,580. The most common rental property sizes in Boca Raton, FL are 2-bedroom and 3-bedroom, accounting for 47.5% and 26.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,630 | $2,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,920 | $1,920 |
| 2 Bed Rent | $2,380 | $2,480 |
| 3 Bed Rent | $3,400 | $3,570 |
| 4 Bed Rent | $4,400 | $4,580 |
% of Rental Stock
Property Listings — Boca Raton, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Boca Raton, FL is 71. This is a increase of 7.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $399,000 | 0.0% |
Listing Count | 294 | 9.0% |
| Listings as % of Homes | 1.0% | 9.0% |
Days on Market | 71 | 7.0% |
Demographics — Boca Raton, FL
As of the latest ACS Survey released in 2023, Boca Raton, FL has a population of 46,200, which has increased by 12.2% over the past 5 years. Boca Raton, FL is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 39.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,200 | 12.2% |
% Under 18 | 24.3% | 10.5% |
% Seniors | 16.3% | -3.6% |
% WFH | 18.4% | 183.1% |
% w/ College Degree | 39.8% | 6.4% |
As of the latest ACS Survey released in 2023, Boca Raton, FL is a predominantly white area, with 50.4% of the population identifying as white. The white population has shrunk by 21.9% in the last 5 years. The second most common race or ethnicity in Boca Raton, FL is hispanic, making up 21.9% of the population. Foreign-born residents account for 36.8% of the population in Boca Raton, FL, and this percentage has increased by 14.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 50.4% | -21.9% |
% Black | 7.3% | 10.6% |
% Hispanic | 21.9% | -2.7% |
% Asian | 4.8% | 29.7% |
% Foreign Born | 36.8% | 14.6% |
Mortgage and Risk — Boca Raton, FL
Boca Raton, FL lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Boca Raton, FL
As of 2024, the percent of homes in Boca Raton, FL under the Section 8 program is 5.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Boca Raton, FL, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 274 |
Total Units Section 8 | 274 |
% Rentals under Section 8 | 5.1% |
% Occupied Section 8 | 95.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,920 | $2,210 |
| 2 Bedroom | $260 | $2,380 | $2,640 |
| 3 Bedroom | $50 | $3,400 | $3,450 |
| 4 Bedroom | -$280 | $4,400 | $4,120 |
Affordability — Boca Raton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $480,000 |
| Median Household Income | $85,900 |