Boca Raton, FL—33498
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 $758,000, with a year-over-year change of -2.9%. This indicates that home prices in Boca Raton, 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 | $758,000 | -2.9% |
| Single Family | $764,000 | -2.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $364,000 | -7.4% |
3 Bed | $641,000 | -4.2% |
4 Bed | $827,000 | -2.7% |
| 5 Bed | $1,087,000 | -2.3% |
% of Housing Stock
Rental Trends — Boca Raton, FL
As of July '25, Rentcast reports the average rent in Boca Raton, FL is $5,350, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Boca Raton, FL is 2-bedrooms: $3,290, 3-bedrooms: $4,430, 4-bedrooms: $5,820. The most common rental property sizes in Boca Raton, FL are 4-bedroom and 3-bedroom, accounting for 33.7% and 33.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $5,500 | $5,350 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $3,000 | $3,290 |
| 3 Bed Rent | $4,450 | $4,430 |
| 4 Bed Rent | $5,750 | $5,820 |
% 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 66. This is a increase of 10.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $868,000 | 4.0% |
Listing Count | 109 | 5.0% |
| Listings as % of Homes | 1.5% | 5.0% |
Days on Market | 66 | 10.0% |
Demographics — Boca Raton, FL
As of the latest ACS Survey released in 2023, Boca Raton, FL has a population of 17,200, which has increased by 19.4% over the past 5 years. Boca Raton, FL is a popular place for families, as children make up 25.8% 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 30.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,200 | 19.4% |
% Under 18 | 25.8% | 16.2% |
% Seniors | 19.3% | -11.5% |
% WFH | 30.1% | 138.9% |
% w/ College Degree | 57.2% | 6.9% |
As of the latest ACS Survey released in 2023, Boca Raton, FL is a predominantly white area, with 68.4% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Boca Raton, FL is hispanic, making up 20.2% of the population. Foreign-born residents account for 28.2% of the population in Boca Raton, FL, and this percentage has increased by 20.5% 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 | 68.4% | -6.2% |
% Black | 2.5% | -10.7% |
% Hispanic | 20.2% | 65.6% |
% Asian | 3.5% | -40.7% |
% Foreign Born | 28.2% | 20.5% |
Mortgage and Risk — Boca Raton, FL
Boca Raton, 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 — Boca Raton, FL
Boca Raton, FL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 21 |
Total Units Section 8 | 21 |
% Rentals under Section 8 | 3.4% |
% Occupied Section 8 | 84.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,740 |
| 2 Bedroom | $280 | $3,000 | $3,280 |
| 3 Bedroom | -$170 | $4,450 | $4,280 |
| 4 Bedroom | -$630 | $5,750 | $5,120 |
Affordability — Boca Raton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $758,000 |
| Median Household Income | $130,000 |