Delray Beach, FL—33484
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 $207,000, with a year-over-year change of -14.9%. This indicates that home prices in Delray Beach, FL are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | -14.9% |
| Single Family | $379,000 | -7.3% |
| Condos | $146,000 | -18.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $92,000 | -24.0% |
2 Bed | $185,000 | -16.3% |
3 Bed | $447,000 | -5.1% |
4 Bed | $772,000 | -0.4% |
| 5 Bed | $2,176,000 | 1.6% |
% of Housing Stock
Rental Trends — Delray Beach, FL
As of July '25, Rentcast reports the average rent in Delray Beach, FL is $2,500, with a year-over-year rent change of -5.3%. Per bedroom, the median rent as of July '25 in Delray Beach, FL is 1-bedrooms: $1,860, 2-bedrooms: $2,340, 3-bedrooms: $3,590, 4-bedrooms: $5,460. The most common rental property sizes in Delray Beach, FL are 2-bedroom and 1-bedroom, accounting for 51.7% and 30.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,500 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,860 |
| 2 Bed Rent | $2,180 | $2,340 |
| 3 Bed Rent | $3,190 | $3,590 |
| 4 Bed Rent | $3,980 | $5,460 |
% 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 83. This is a increase of 8.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $205,000 | -7.0% |
Listing Count | 542 | 11.0% |
| Listings as % of Homes | 1.7% | 11.0% |
Days on Market | 83 | 8.0% |
Demographics — Delray Beach, FL
As of the latest ACS Survey released in 2023, Delray Beach, FL has a population of 25,900, which has remained stable by -0.9% over the past 5 years. Delray Beach, FL is a less popular place for families, as children make up 8.4% of the population. The area has a moderately educated workforce, with 41.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | -0.9% |
% Under 18 | 8.4% | 29.2% |
% Seniors | 55.0% | 0.9% |
% WFH | 18.1% | 90.5% |
% w/ College Degree | 41.7% | 18.8% |
As of the latest ACS Survey released in 2023, Delray Beach, FL is a predominantly white area, with 74.1% of the population identifying as white. The white population has shrunk by 10.2% in the last 5 years. The second most common race or ethnicity in Delray Beach, FL is hispanic, making up 14.3% of the population. Foreign-born residents account for 22.8% of the population in Delray Beach, FL, and this percentage has increased by 19.4% 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 | 74.1% | -10.2% |
% Black | 5.5% | -23.6% |
% Hispanic | 14.3% | 113.4% |
% Asian | 2.1% | 16.7% |
% Foreign Born | 22.8% | 19.4% |
Mortgage and Risk — Delray Beach, FL
Delray Beach, 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 — Delray Beach, FL
As of 2024, the percent of homes in Delray Beach, FL under the Section 8 program is 1.3%. 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 | 34 |
Total Units Section 8 | 34 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $10 | $1,700 | $1,710 |
| 2 Bedroom | -$140 | $2,180 | $2,040 |
| 3 Bedroom | -$530 | $3,190 | $2,660 |
| 4 Bedroom | -$790 | $3,980 | $3,190 |
Affordability — Delray Beach, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $207,000 |
| Median Household Income | $56,900 |