Delray Beach, FL—33483
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 $961,000, with a year-over-year change of -3.1%. This indicates that home prices in Delray Beach, 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 | $961,000 | -3.1% |
| Single Family | $1,655,000 | -1.3% |
| Condos | $679,000 | -4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $443,000 | -2.6% |
2 Bed | $668,000 | -4.7% |
3 Bed | $1,462,000 | -1.9% |
4 Bed | $3,184,000 | -1.2% |
| 5 Bed | $6,082,000 | 1.6% |
% of Housing Stock
Rental Trends — Delray Beach, FL
As of July '25, Rentcast reports the average rent in Delray Beach, FL is $3,970, with a year-over-year rent change of -5.5%. Per bedroom, the median rent as of July '25 in Delray Beach, FL is studios: $2,370, 1-bedrooms: $2,880, 2-bedrooms: $4,000, 3-bedrooms: $5,060, 4-bedrooms: $6,430. The most common rental property sizes in Delray Beach, FL are 2-bedroom and 1-bedroom, accounting for 56.0% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,350 | $3,970 |
| Studio Rent | $2,310 | $2,370 |
| 1 Bed Rent | $2,280 | $2,880 |
| 2 Bed Rent | $3,480 | $4,000 |
| 3 Bed Rent | $4,600 | $5,060 |
| 4 Bed Rent | $7,000 | $6,430 |
% 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 92. This is a increase of 9.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,250,000 | -18.0% |
Listing Count | 286 | 10.0% |
| Listings as % of Homes | 2.3% | 10.0% |
Days on Market | 92 | 9.0% |
Demographics — Delray Beach, FL
As of the latest ACS Survey released in 2023, Delray Beach, FL has a population of 12,600, which has increased by 5.8% over the past 5 years. Delray Beach, FL is a less popular place for families, as children make up 5.6% of the population. The area has a highly educated workforce, with 57.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 27.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 12,600 | 5.8% |
% Under 18 | 5.6% | -30.9% |
% Seniors | 36.8% | 2.2% |
% WFH | 27.5% | 55.4% |
% w/ College Degree | 57.2% | -3.2% |
As of the latest ACS Survey released in 2023, Delray Beach, FL is a predominantly white area, with 79.9% of the population identifying as white. The white population has shrunk by 9.1% in the last 5 years. The second most common race or ethnicity in Delray Beach, FL is black, making up 9.4% of the population. Foreign-born residents account for 15.6% of the population in Delray Beach, FL, and this percentage has increased by 9.9% 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 | 79.9% | -9.1% |
% Black | 9.4% | 36.2% |
% Hispanic | 5.2% | 62.5% |
% Asian | 2.2% | 57.1% |
% Foreign Born | 15.6% | 9.9% |
Mortgage and Risk — Delray Beach, FL
According to HUD data as of 2023, there were 225 mortgage originations in Delray Beach, FL, of which 100.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Delray Beach, 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 | 225 |
% Conventional Loans | 100.0% |
% Government Loans | 0.0% |
% Investor Loans | 4.0% |
% Second Loans | 29.0% |
% Cash Out Refinance | 10.0% |
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 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 units appear to be good home sizes to consider for Section 8 housing in Delray Beach, FL, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 14 |
Total Units Section 8 | 14 |
% Rentals under Section 8 | 0.8% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $2,280 | $2,490 |
| 2 Bedroom | -$500 | $3,480 | $2,980 |
| 3 Bedroom | -$710 | $4,600 | $3,890 |
| 4 Bedroom | -$2,350 | $7,000 | $4,650 |
Affordability — Delray Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.6 |
| Median Home Price | $961,000 |
| Median Household Income | $118,000 |