Boca Raton, FL—33434
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boca Raton, FL
As of Nov '25, the median home price in Boca Raton, FL is $213,000, with a year-over-year change of -8.8%. This indicates that home prices in Boca Raton, FL are decreasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $213,000 | -8.8% |
| Single Family | $771,000 | -0.3% |
| Condos | $119,000 | -22.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $79,000 | -27.5% |
2 Bed | $139,000 | -19.7% |
3 Bed | $692,000 | 2.7% |
4 Bed | $1,091,000 | 0.4% |
| 5 Bed | $1,906,344 | 2.6% |
% of Housing Stock
Rental Trends — Boca Raton, FL
As of July '25, Rentcast reports the average rent in Boca Raton, FL is $2,480, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Boca Raton, FL is 1-bedrooms: $1,500, 2-bedrooms: $2,200, 3-bedrooms: $4,530, 4-bedrooms: $5,530. The most common rental property sizes in Boca Raton, FL are 2-bedroom and 1-bedroom, accounting for 53.1% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $2,480 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,450 | $1,500 |
| 2 Bed Rent | $1,800 | $2,200 |
| 3 Bed Rent | $3,800 | $4,530 |
| 4 Bed Rent | $4,500 | $5,530 |
% of Rental Stock
Property Listings — Boca Raton, FL
As of Nov '25, Realtor.com reports that the median days on market for a home in Boca Raton, FL is 86. This is a increase of 7.0% 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 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $169,000 | 0.0% |
Listing Count | 365 | -5.0% |
| Listings as % of Homes | 2.2% | -5.0% |
Days on Market | 86 | 7.0% |
Demographics — Boca Raton, FL
As of the latest ACS Survey released in 2023, Boca Raton, FL has a population of 21,800, which has increased by 9.0% over the past 5 years. Boca Raton, FL is a less popular place for families, as children make up 12.9% of the population. The area has a highly educated workforce, with 55.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,800 | 9.0% |
% Under 18 | 12.9% | 5.7% |
% Seniors | 46.0% | 2.7% |
% WFH | 19.4% | 43.7% |
% w/ College Degree | 55.5% | 15.1% |
As of the latest ACS Survey released in 2023, Boca Raton, FL is a predominantly white area, with 71.8% of the population identifying as white. The white population has shrunk by 10.1% in the last 5 years. The second most common race or ethnicity in Boca Raton, FL is hispanic, making up 18.1% of the population. Foreign-born residents account for 25.4% of the population in Boca Raton, FL, and this percentage has increased by 27.6% 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 | 71.8% | -10.1% |
% Black | 2.7% | -34.1% |
% Hispanic | 18.1% | 47.2% |
% Asian | 3.2% | 45.5% |
% Foreign Born | 25.4% | 27.6% |
Mortgage and Risk — Boca Raton, FL
According to HUD data as of 2023, there were 146 mortgage originations in Boca Raton, FL, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Boca Raton, FL. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 146 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 2.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 14.0% |
Rentals and Section 8 — Boca Raton, FL
As of 2024, the percent of homes in Boca Raton, FL under the Section 8 program is 1.8%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Boca Raton, FL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 39 |
Total Units Section 8 | 39 |
% Rentals under Section 8 | 1.8% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $100 | $1,450 | $1,550 |
| 2 Bedroom | $50 | $1,800 | $1,850 |
| 3 Bedroom | -$1,380 | $3,800 | $2,420 |
| 4 Bedroom | -$1,610 | $4,500 | $2,890 |
Affordability — Boca Raton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $213,000 |
| Median Household Income | $75,500 |