Boca Raton, FL—33432
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 $987,000, with a year-over-year change of -3.5%. This indicates that home prices in Boca Raton, FL are decreasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $987,000 | -3.5% |
| Single Family | $1,574,000 | -2.1% |
| Condos | $768,000 | -5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $268,000 | -12.1% |
2 Bed | $573,000 | -7.9% |
3 Bed | $1,666,000 | -2.6% |
4 Bed | $3,143,000 | -0.9% |
| 5 Bed | $5,869,000 | -0.8% |
% of Housing Stock
Rental Trends — Boca Raton, FL
As of July '25, Rentcast reports the average rent in Boca Raton, FL is $3,970, with a year-over-year rent change of 7.9%. Per bedroom, the median rent as of July '25 in Boca Raton, FL is studios: $2,120, 1-bedrooms: $2,720, 2-bedrooms: $4,070, 3-bedrooms: $5,610, 4-bedrooms: $6,960. The most common rental property sizes in Boca Raton, FL are 1-bedroom and 2-bedroom, accounting for 43.0% and 40.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,280 | $3,970 |
| Studio Rent | $2,170 | $2,120 |
| 1 Bed Rent | $2,620 | $2,720 |
| 2 Bed Rent | $3,420 | $4,070 |
| 3 Bed Rent | $5,500 | $5,610 |
| 4 Bed Rent | $7,000 | $6,960 |
% 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 111. This is a increase of 26.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,900,000 | 1.0% |
Listing Count | 454 | 8.0% |
| Listings as % of Homes | 2.2% | 8.0% |
Days on Market | 111 | 26.0% |
Demographics — Boca Raton, FL
As of the latest ACS Survey released in 2023, Boca Raton, FL has a population of 21,800, which has increased by 11.4% over the past 5 years. Boca Raton, FL is a less popular place for families, as children make up 11.2% of the population. The area has a highly educated workforce, with 58.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | 11.4% |
% Under 18 | 11.2% | 27.3% |
% Seniors | 27.5% | -21.4% |
% WFH | 21.5% | 87.0% |
% w/ College Degree | 58.5% | 13.6% |
As of the latest ACS Survey released in 2023, Boca Raton, FL is a predominantly white area, with 72.2% of the population identifying as white. The white population has shrunk by 11.3% in the last 5 years. The second most common race or ethnicity in Boca Raton, FL is hispanic, making up 18.0% of the population. Foreign-born residents account for 19.8% of the population in Boca Raton, FL, and this percentage has decreased by 8.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 72.2% | -11.3% |
% Black | 3.7% | 0.0% |
% Hispanic | 18.0% | 56.5% |
% Asian | 2.1% | 23.5% |
% Foreign Born | 19.8% | -8.3% |
Mortgage and Risk — Boca Raton, FL
According to HUD data as of 2023, there were 245 mortgage originations in Boca Raton, FL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 6.0% above 90% LTV (normal). This implies small mortgage risk in Boca Raton, FL. Investor activity is low, as 4.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 245 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 4.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Boca Raton, FL
As of 2024, the percent of homes in Boca Raton, FL under the Section 8 program is 1.6%. 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. In Boca Raton, FL, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 170 |
Total Units Section 8 | 75 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$330 | $2,620 | $2,290 |
| 2 Bedroom | -$680 | $3,420 | $2,740 |
| 3 Bedroom | -$1,920 | $5,500 | $3,580 |
| 4 Bedroom | -$2,720 | $7,000 | $4,280 |
Affordability — Boca Raton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.8 |
| Median Home Price | $987,000 |
| Median Household Income | $94,400 |