Boca Raton, FL—33486
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 $705,000, with a year-over-year change of -5.6%. 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 | $705,000 | -5.6% |
| Single Family | $816,000 | -5.1% |
| Condos | $229,000 | -10.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $155,000 | -14.4% |
2 Bed | $320,000 | -8.3% |
3 Bed | $678,000 | -5.6% |
4 Bed | $1,049,000 | -4.5% |
| 5 Bed | $1,635,000 | -3.8% |
% of Housing Stock
Rental Trends — Boca Raton, FL
As of July '25, Rentcast reports the average rent in Boca Raton, FL is $3,590, with a year-over-year rent change of 1.7%. Per bedroom, the median rent as of July '25 in Boca Raton, FL is studios: $1,480, 1-bedrooms: $1,820, 2-bedrooms: $2,800, 3-bedrooms: $4,520, 4-bedrooms: $5,580. The most common rental property sizes in Boca Raton, FL are 2-bedroom and 3-bedroom, accounting for 41.8% and 34.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,280 | $3,590 |
| Studio Rent | $1,500 | $1,480 |
| 1 Bed Rent | $1,870 | $1,820 |
| 2 Bed Rent | $2,620 | $2,800 |
| 3 Bed Rent | $4,100 | $4,520 |
| 4 Bed Rent | $5,650 | $5,580 |
% 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 90. This is a increase of 20.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $800,000 | -8.0% |
Listing Count | 141 | -4.0% |
| Listings as % of Homes | 1.3% | -4.0% |
Days on Market | 90 | 20.0% |
Demographics — Boca Raton, FL
As of the latest ACS Survey released in 2023, Boca Raton, FL has a population of 23,300, which has decreased by -3.7% over the past 5 years. Boca Raton, FL is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 56.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,300 | -3.7% |
% Under 18 | 23.1% | 12.7% |
% Seniors | 19.4% | 1.0% |
% WFH | 17.7% | 90.3% |
% w/ College Degree | 56.1% | 13.6% |
As of the latest ACS Survey released in 2023, Boca Raton, FL is a predominantly white area, with 72.2% of the population identifying as white. The white population has shrunk by 0.1% in the last 5 years. The second most common race or ethnicity in Boca Raton, FL is hispanic, making up 18.2% of the population. Foreign-born residents account for 22.1% of the population in Boca Raton, FL, and this percentage has increased by 1.8% 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 | 72.2% | -0.1% |
% Black | 3.5% | -34.0% |
% Hispanic | 18.2% | 24.7% |
% Asian | 2.5% | -54.5% |
% Foreign Born | 22.1% | 1.8% |
Mortgage and Risk — Boca Raton, FL
According to HUD data as of 2023, there were 330 mortgage originations in Boca Raton, FL, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Boca Raton, FL. Investor activity is low, as 1.0% 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 | 330 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
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 0.7%. 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 | 26 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 0.7% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $1,870 | $2,290 |
| 2 Bedroom | $120 | $2,620 | $2,740 |
| 3 Bedroom | -$520 | $4,100 | $3,580 |
| 4 Bedroom | -$1,370 | $5,650 | $4,280 |
Affordability — Boca Raton, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.2 |
| Median Home Price | $705,000 |
| Median Household Income | $114,000 |