Boynton Beach, Florida Housing Market Prices
Boynton Beach Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 14% above the Florida median$355,159
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Median rent 23% above the Florida median$2,045
Housing Market Overview
| Metric | Boynton Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $355,159 | $311,338 | $248,835 |
| Price Trend (Annual %) | 13.6% | 11.2% | 7.5% |
| Median Gross Rent | $2,045 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Boynton Beach is about 14% higher than in Florida. Rent is about 23% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Boynton Beach, up about 13.6% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Boynton Beach rose about 61.5% between 2015 and 2024, from $1,267 to $2,045. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Boynton Beach.
Buying the median-priced home in Boynton Beach costs roughly 14.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Boynton Beach. The price-to-rent ratio in Florida is about 15.6.
| Metric | Boynton Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $355,159 | $311,338 | $248,835 |
| Median Household Income | $70,960 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.0 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Boynton Beach rose about 146.2%, while median household income rose about 51.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Boynton Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 52.7% | 57.7% | 58.5% |
| Rental Rate | 27.5% | 27.7% | 31.2% |
| Vacancy Rate | 19.8% | 14.6% | 10.2% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Boynton Beach has a homeownership rate of 52.7%, lower than the Florida average of 57.7%. Its housing vacancy rate is 19.8%, compared with 14.6% in Florida.
Housing Stock
| Metric | Boynton Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.46 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1987 | 1988 | 1978 |
| Median Number of Rooms | 4.7 | 5.2 | 5.5 |
The typical housing unit in Boynton Beach was built around 1987. On average, 2.5 people live in a home with about 4.7 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Boynton Beach, Florida.
What is the median home price in Boynton Beach, Florida?
The median home price in Boynton Beach, Florida is $355,159, higher than the Florida average of $311,338.
What is the average home price in Boynton Beach, Florida?
The typical home price in Boynton Beach, Florida, reported as the median sale price, is $355,159. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Boynton Beach, Florida?
The median gross rent in Boynton Beach, Florida is $2,045 per month, higher than the Florida average of $1,668.
What was the median gross rent in Boynton Beach in 2020?
In 2020, the median gross rent in Boynton Beach, Florida was $1,568 per month.
What is the price-to-rent ratio in Boynton Beach, Florida?
The price-to-rent ratio in Boynton Beach, Florida is about 14.5, meaning it would take roughly 14.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Boynton Beach.
Are home prices or rent rising faster in Boynton Beach, Florida?
Both home prices and rent are rising in Boynton Beach, up about 13.6% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Boynton Beach, Florida?
52.7% of households in Boynton Beach, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Boynton Beach, Florida?
The housing vacancy rate in Boynton Beach, Florida is 19.8%, higher than the Florida average of 14.6%.
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