Boca Raton, FL—33433
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 $455,000, with a year-over-year change of -6.0%. This indicates that home prices in Boca Raton, FL are decreasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | -6.0% |
| Single Family | $578,000 | -4.6% |
| Condos | $294,000 | -10.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $183,000 | -11.6% |
2 Bed | $299,000 | -9.4% |
3 Bed | $522,000 | -5.4% |
4 Bed | $840,000 | -3.7% |
| 5 Bed | $1,395,000 | 0.0% |
% of Housing Stock
Rental Trends — Boca Raton, FL
As of July '25, Rentcast reports the average rent in Boca Raton, FL is $3,110, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Boca Raton, FL is studios: $1,810, 1-bedrooms: $2,030, 2-bedrooms: $2,740, 3-bedrooms: $4,100, 4-bedrooms: $5,640. The most common rental property sizes in Boca Raton, FL are 2-bedroom and 1-bedroom, accounting for 44.5% and 27.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $3,110 |
| Studio Rent | $1,780 | $1,810 |
| 1 Bed Rent | $2,000 | $2,030 |
| 2 Bed Rent | $2,600 | $2,740 |
| 3 Bed Rent | $3,800 | $4,100 |
| 4 Bed Rent | $5,250 | $5,640 |
% 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 80. This is a increase of 33.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $435,000 | -8.0% |
Listing Count | 415 | 11.0% |
| Listings as % of Homes | 1.1% | 11.0% |
Days on Market | 80 | 33.0% |
Demographics — Boca Raton, FL
As of the latest ACS Survey released in 2023, Boca Raton, FL has a population of 46,800, which has increased by 17.2% over the past 5 years. Boca Raton, FL is a moderately popular place for families, as children make up 18.5% of the population. The area has a highly educated workforce, with 54.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 46,800 | 17.2% |
% Under 18 | 18.5% | 5.7% |
% Seniors | 32.1% | 1.6% |
% WFH | 19.5% | 119.1% |
% w/ College Degree | 54.3% | 9.7% |
As of the latest ACS Survey released in 2023, Boca Raton, FL is a predominantly white area, with 68.1% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Boca Raton, FL is hispanic, making up 17.7% of the population. Foreign-born residents account for 27.4% of the population in Boca Raton, FL, and this percentage has increased by 27.4% 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 | 68.1% | -6.7% |
% Black | 2.3% | -23.3% |
% Hispanic | 17.7% | -2.2% |
% Asian | 3.6% | -5.3% |
% Foreign Born | 27.4% | 27.4% |
Mortgage and Risk — Boca Raton, FL
According to HUD data as of 2023, there were 431 mortgage originations in Boca Raton, FL, of which 97.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Boca Raton, FL. Investor activity is low, as 2.0% 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 | 431 |
% Conventional Loans | 97.0% |
% Government Loans | 3.0% |
% Investor Loans | 2.0% |
% Second Loans | 4.0% |
% 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 0.8%. 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 units appear to be good home sizes to consider for Section 8 housing in Boca Raton, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 54 |
Total Units Section 8 | 54 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $300 | $2,000 | $2,300 |
| 2 Bedroom | $150 | $2,600 | $2,750 |
| 3 Bedroom | -$210 | $3,800 | $3,590 |
| 4 Bedroom | -$960 | $5,250 | $4,290 |
Affordability — Boca Raton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $455,000 |
| Median Household Income | $81,400 |