Delray Beach, FL—33445
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Delray Beach, FL
As of Oct '25, the median home price in Delray Beach, FL is $300,000, with a year-over-year change of -7.4%. This indicates that home prices in Delray Beach, 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 | $300,000 | -7.4% |
| Single Family | $468,000 | -4.9% |
| Condos | $184,000 | -14.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $143,000 | -14.4% |
2 Bed | $221,000 | -11.2% |
3 Bed | $534,000 | -4.8% |
4 Bed | $779,000 | -2.6% |
| 5 Bed | $1,125,000 | 1.0% |
% of Housing Stock
Rental Trends — Delray Beach, FL
As of July '25, Rentcast reports the average rent in Delray Beach, FL is $2,750, with a year-over-year rent change of -6.8%. Per bedroom, the median rent as of July '25 in Delray Beach, FL is studios: $2,110, 1-bedrooms: $1,970, 2-bedrooms: $2,450, 3-bedrooms: $3,530, 4-bedrooms: $5,690. The most common rental property sizes in Delray Beach, FL are 2-bedroom and 1-bedroom, accounting for 58.7% and 22.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,750 |
| Studio Rent | $2,040 | $2,110 |
| 1 Bed Rent | $2,000 | $1,970 |
| 2 Bed Rent | $2,400 | $2,450 |
| 3 Bed Rent | $3,400 | $3,530 |
| 4 Bed Rent | $4,500 | $5,690 |
% of Rental Stock
Property Listings — Delray Beach, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Delray Beach, FL is 70. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $290,000 | 2.0% |
Listing Count | 326 | -2.0% |
| Listings as % of Homes | 1.1% | -2.0% |
Days on Market | 70 | 0.0% |
Demographics — Delray Beach, FL
As of the latest ACS Survey released in 2023, Delray Beach, FL has a population of 31,600, which has decreased by -2.0% over the past 5 years. Delray Beach, FL is a less popular place for families, as children make up 12.6% of the population. The area has a moderately educated workforce, with 39.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,600 | -2.0% |
% Under 18 | 12.6% | -17.6% |
% Seniors | 33.1% | 17.4% |
% WFH | 16.3% | 171.7% |
% w/ College Degree | 39.4% | 2.1% |
As of the latest ACS Survey released in 2023, Delray Beach, FL is a predominantly white area, with 55.3% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Delray Beach, FL is black, making up 24.3% of the population. Foreign-born residents account for 27.3% of the population in Delray Beach, FL, and this percentage has decreased by 5.2% 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 | 55.3% | -1.2% |
% Black | 24.3% | -7.6% |
% Hispanic | 11.1% | -6.7% |
% Asian | 3.8% | -2.6% |
% Foreign Born | 27.3% | -5.2% |
Mortgage and Risk — Delray Beach, FL
According to HUD data as of 2023, there were 607 mortgage originations in Delray Beach, FL, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Delray Beach, FL. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 607 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Delray Beach, FL
As of 2024, the percent of homes in Delray Beach, FL under the Section 8 program is 1.5%. 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 Delray Beach, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 76 |
Total Units Section 8 | 76 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $2,000 | $2,060 |
| 2 Bedroom | $60 | $2,400 | $2,460 |
| 3 Bedroom | -$190 | $3,400 | $3,210 |
| 4 Bedroom | -$660 | $4,500 | $3,840 |
Affordability — Delray Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $300,000 |
| Median Household Income | $70,700 |