Delray Beach, Florida Housing Market Prices
Delray 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 41% above the Florida median$437,636
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Median rent 17% above the Florida median$1,945
Housing Market Overview
| Metric | Delray Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $437,636 | $311,338 | $248,835 |
| Price Trend (Annual %) | 30.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,945 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 4.9% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Delray Beach is about 41% higher than in Florida. Rent is about 17% 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 Delray Beach, up about 30.8% and 4.9% a year respectively. Home prices are changing faster.
Median rent in Delray Beach rose about 52.4% between 2015 and 2024, from $1,277 to $1,945. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 5.4 yearly household incomes in Delray Beach.
Buying the median-priced home in Delray Beach costs roughly 18.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Delray Beach. The price-to-rent ratio in Florida is about 15.6.
| Metric | Delray Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $437,636 | $311,338 | $248,835 |
| Median Household Income | $80,808 | $74,580 | $80,455 |
| Price-to-Income Ratio | 5.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Delray Beach rose about 296.7%, while median household income rose about 55.6% 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 | Delray Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.0% | 57.7% | 58.5% |
| Rental Rate | 29.9% | 27.7% | 31.2% |
| Vacancy Rate | 19.0% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Delray Beach has a homeownership rate of 51.0%, lower than the Florida average of 57.7%. Its housing vacancy rate is 19.0%, compared with 14.6% in Florida.
Housing Stock
| Metric | Delray Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.25 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1988 | 1978 |
| Median Number of Rooms | 4.5 | 5.2 | 5.5 |
The typical housing unit in Delray Beach was built around 1985. On average, 2.2 people live in a home with about 4.5 rooms, staying for about 13.0 years on average.
Delray Beach, FL Housing Compared With Nearby Cities
How Delray Beach, FL compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Delray Beach, FL | 65,408 | $437,636 #1/2 | $1,945 #2/2 | 63.0% #2/2 |
| Boynton Beach, FL | 78,619 | $355,159 | $2,045 | 65.7% |
Frequently Asked Questions
Common questions about the housing market in Delray Beach, Florida.
What is the median home price in Delray Beach, Florida?
The median home price in Delray Beach, Florida is $437,636, higher than the Florida average of $311,338.
What is the average home price in Delray Beach, Florida?
The typical home price in Delray Beach, Florida, reported as the median sale price, is $437,636. 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 Delray Beach, Florida?
The median gross rent in Delray Beach, Florida is $1,945 per month, higher than the Florida average of $1,668.
What was the median gross rent in Delray Beach in 2020?
In 2020, the median gross rent in Delray Beach, Florida was $1,588 per month.
What is the price-to-rent ratio in Delray Beach, Florida?
The price-to-rent ratio in Delray Beach, Florida is about 18.7, meaning it would take roughly 18.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Delray Beach.
Are home prices or rent rising faster in Delray Beach, Florida?
Both home prices and rent are rising in Delray Beach, up about 30.8% and 4.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Delray Beach, Florida?
51.0% of households in Delray Beach, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Delray Beach, Florida?
The housing vacancy rate in Delray Beach, Florida is 19.0%, higher than the Florida average of 14.6%.
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