Housing Market Overview

Housing market data including home prices, rent costs, affordability metrics, and housing stock characteristics.

$326,434
$1,905

Housing Market Overview

Metric Boynton Beach Florida Avg US Average
Median Home Price $326,434 $293,727 $242,182
Price Trend (Annual %) 14.3% 12.0% 8.2%
Median Gross Rent $1,905 $1,564 $1,342
Rent Trend (Annual %) 5.2% 6.1% 5.1%
Household Income Trend (Annual %)

Housing Cost & Rent Trends

Median Home Price Over Time
Boynton Beach
Florida
United States
Year Boynton Beach Florida United States
Median Rent Over Time
Boynton Beach
Florida
United States
Year Boynton Beach Florida United States

Affordability

On average, housing unit costs 4.5 yearly household incomes in Boynton Beach.

Metric Boynton Beach Florida Avg US Average
Median Home Price $326,434 $293,727 $242,182
Median Household Income $72,546 $71,865 $78,145
Price-to-Income Ratio 4.5 4.1 3.1
Home Prices vs Income Over Time
Home Prices
Household Income
Income Growth vs Housing Cost Growth (Year-over-Year %)

Compare income and housing cost trends.

Household Income Growth %
Housing Cost Growth %
Year Income Growth % Housing Cost Growth % Gap (Cost - Income)

Occupancy & Tenure

Metric Boynton Beach Florida Avg US Average
Homeownership Rate 52.8% 57.1% 58.2%
Rental Rate 28.7% 27.7% 31.3%
Vacancy Rate 18.5% 15.2% 10.6%
Median Tenure (years) 12.0 13.0 15.0
Median Year Moved In 2014 2013 2011

Housing Stock

Metric Boynton Beach Florida Avg US Average
Average Household Size 2.41 people 2.51 people 2.54 people
Median Structure Built Year 1986 1987 1978
Median Number of Rooms 4.8 5.2 5.5