Deerfield 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

Deerfield Beach, FL Housing Market Trends

With a population of 81,066, 32,105 total housing units (homes and apartments), and a median house value of $212,253, Deerfield Beach real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Deerfield Beach, accounting for 53.16% of the city's housing units. Other types of housing that are prevalent in Deerfield Beach include single-family detached homes ( 25.68%), row houses and other attached homes ( 8.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.34%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Deerfield Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Deerfield Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Deerfield 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 Deerfield Beach built between 1940-1969 ( 18.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.11%).

Vacant housing appears to be an issue in Deerfield Beach. Fully 22.82% of the housing stock is classified as vacant. Left unchecked, vacant Deerfield Beach homes and apartments can be a drag on the real estate market, holding Deerfield 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.

Deerfield Beach Home Appreciation Rates

In the last 10 years, Deerfield Beach has experienced some of the highest home appreciation rates of any community in the nation. Deerfield Beach real estate appreciated 92.39% over the last ten years, which is an average annual home appreciation rate of 6.76%, putting Deerfield Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Deerfield 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, Deerfield Beach's appreciation rate, at 5.74%, has been at or slightly above the national average. In the latest quarter, Deerfield Beach's appreciation rate has been 1.49%, which annualizes to a rate of 6.11%.

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

Relative to Florida, our data show that Deerfield 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 Deerfield Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Deerfield 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 Deerfield Beach real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$212,253

Deerfield Beach, FL HOME PRICES

> $1,248,000
1.0%
1.0%
$936,001 - $1,248,000
1.9%
1.9%
$624,001 - $936,000
3.1%
3.1%
$499,001 - $624,000
3.2%
3.2%
$374,001 - $499,000
11.0%
11.0%
$250,001 - $374,000
20.6%
20.6%
$125,001 - $250,000
32.8%
32.8%
$62,001 - $125,000
16.3%
16.3%
$0 - $62,000
10.3%
10.3%
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:
32,105

Deerfield 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
144.48% 4.35%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,783 / per month

Homeownership Rate

Owners
58.4%
58.4%
Renters
41.6%
41.6%
Vacant
22.8%
22.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.1%
6.1%
1970 - 1999
74.4%
74.4%
1940 - 1969
18.8%
18.8%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
25.7%
25.7%
Townhomes
9.0%
9.0%
Small Apt. Buildings
6.3%
6.3%
Apt. Complexes
53.2%
53.2%
Mobile Homes
5.8%
5.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.0%
3.0%
1 Bedroom
20.0%
20.0%
2 Bedrooms
48.6%
48.6%
3 Bedrooms
22.9%
22.9%
4 Bedrooms
4.6%
4.6%
5 or more bedrooms
0.8%
0.8%
0.0% 100.0%
% OF HOMES