Boynton Beach, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Boynton Beach, FL Housing Market Trends

With a population of 78,679, 29,718 total housing units (homes and apartments), and a median house value of $256,873, Boynton Beach real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Boynton Beach, accounting for 40.31% of the city's housing units. Other types of housing that are prevalent in Boynton Beach include large apartment complexes or high rise apartments ( 37.91%), row houses and other attached homes ( 12.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.57%).

People in Boynton Beach primarily live in small (one, two or no bedroom) single-family detached homes. Boynton Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Boynton Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Boynton Beach built between 2000 and later ( 21.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.78%).

Vacant housing appears to be an issue in Boynton Beach. Fully 19.27% of the housing stock is classified as vacant. Left unchecked, vacant Boynton Beach homes and apartments can be a drag on the real estate market, holding Boynton Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Boynton Beach Home Appreciation Rates

In the last 10 years, Boynton Beach has experienced some of the highest home appreciation rates of any community in the nation. Boynton Beach real estate appreciated 90.17% over the last ten years, which is an average annual home appreciation rate of 6.64%, putting Boynton Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Boynton Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Boynton Beach's appreciation rate, at 5.72%, has been at or slightly above the national average. In the latest quarter, Boynton Beach's appreciation rate has been 1.48%, which annualizes to a rate of 6.04%.

Notably, Boynton Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Boynton Beach's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Boynton Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Boynton Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Boynton Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$256,873

Boynton Beach, FL HOME PRICES

> $1,231,000
0.9%
0.9%
$923,001 - $1,231,000
0.7%
0.7%
$615,001 - $923,000
3.3%
3.3%
$492,001 - $615,000
3.8%
3.8%
$369,001 - $492,000
13.0%
13.0%
$246,001 - $369,000
28.6%
28.6%
$123,001 - $246,000
31.7%
31.7%
$61,001 - $123,000
12.5%
12.5%
$0 - $61,000
5.5%
5.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for FL

Value Relative To Nation

Number Of Homes And Apartments:
29,718

Boynton Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
150.18% 4.46%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,929 / per month

Homeownership Rate

Owners
59.8%
59.8%
Renters
40.2%
40.2%
Vacant
19.3%
19.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
21.1%
21.1%
1970 - 1999
61.6%
61.6%
1940 - 1969
16.8%
16.8%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
40.3%
40.3%
Townhomes
12.8%
12.8%
Small Apt. Buildings
7.6%
7.6%
Apt. Complexes
37.9%
37.9%
Mobile Homes
1.4%
1.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
15.9%
15.9%
2 Bedrooms
45.0%
45.0%
3 Bedrooms
29.9%
29.9%
4 Bedrooms
6.4%
6.4%
5 or more bedrooms
1.0%
1.0%
0.0% 100.0%
% OF HOMES