Boca Raton, FL—33496
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 $930,000, with a year-over-year change of 1.5%. This indicates that home prices in Boca Raton, FL are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $930,000 | 1.5% |
| Single Family | $1,245,000 | 2.6% |
| Condos | $326,000 | -7.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $288,000 | -9.1% |
3 Bed | $638,000 | -2.6% |
4 Bed | $1,651,000 | 2.6% |
| 5 Bed | $2,837,000 | -0.3% |
% of Housing Stock
Rental Trends — Boca Raton, FL
As of July '25, Rentcast reports the average rent in Boca Raton, FL is $3,790, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Boca Raton, FL is 1-bedrooms: $2,480, 2-bedrooms: $3,070, 3-bedrooms: $5,290, 4-bedrooms: $4,750. The most common rental property sizes in Boca Raton, FL are 2-bedroom and 1-bedroom, accounting for 46.4% and 21.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,790 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $2,360 | $2,480 |
| 2 Bed Rent | $2,810 | $3,070 |
| 3 Bed Rent | $3,820 | $5,290 |
| 4 Bed Rent | $4,450 | $4,750 |
% 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 67. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $885,000 | -11.0% |
Listing Count | 299 | -3.0% |
| Listings as % of Homes | 2.3% | -3.0% |
Days on Market | 67 | -7.0% |
Demographics — Boca Raton, FL
As of the latest ACS Survey released in 2023, Boca Raton, FL has a population of 24,500, which has increased by 12.5% over the past 5 years. Boca Raton, FL is a moderately popular place for families, as children make up 18.3% of the population. The area has a highly educated workforce, with 63.2% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,500 | 12.5% |
% Under 18 | 18.3% | 17.3% |
% Seniors | 35.4% | -13.7% |
% WFH | 30.6% | 126.7% |
% w/ College Degree | 63.2% | 11.1% |
As of the latest ACS Survey released in 2023, Boca Raton, FL is a predominantly white area, with 78.5% of the population identifying as white. The white population has shrunk by 3.2% in the last 5 years. The second most common race or ethnicity in Boca Raton, FL is hispanic, making up 10.5% of the population. Foreign-born residents account for 24.0% of the population in Boca Raton, FL, and this percentage has increased by 13.7% 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 | 78.5% | -3.2% |
% Black | 2.3% | -14.8% |
% Hispanic | 10.5% | -10.3% |
% Asian | 5.3% | 65.6% |
% Foreign Born | 24.0% | 13.7% |
Mortgage and Risk — Boca Raton, FL
According to HUD data as of 2023, there were 253 mortgage originations in Boca Raton, FL, of which 99.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 2.0% above 90% LTV (normal). This implies small mortgage risk in Boca Raton, FL. Investor activity is low, as 0.0% 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 | 253 |
% Conventional Loans | 99.0% |
% Government Loans | 1.0% |
% Investor Loans | 0.0% |
% Second Loans | 11.0% |
% 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 2.0%. 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, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 44 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 85.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $220 | $2,360 | $2,580 |
| 2 Bedroom | $270 | $2,810 | $3,080 |
| 3 Bedroom | $200 | $3,820 | $4,020 |
| 4 Bedroom | $360 | $4,450 | $4,810 |
Affordability — Boca Raton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.4 |
| Median Home Price | $930,000 |
| Median Household Income | $112,000 |