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 Q2 2021. 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 $218,659, Deerfield Beach real estate and house prices are near the national average for all cities and towns.

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%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 129.60% over the last ten years, which is an average annual home appreciation rate of 8.67%, 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.

Appreciation rates are so strong in Deerfield Beach that despite a nationwide downturn in the housing market, Deerfield Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Deerfield Beach appreciation rates continue to be some of the highest in America, at 11.00%, which is higher than appreciation rates in 76.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Deerfield Beach. Deerfield Beach appreciation rates in the latest quarter were at 3.43%, which equates to an annual appreciation rate of 14.43%.

Relative to Florida, our data show that Deerfield Beach's latest annual appreciation rate is higher than 60% 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:
$218,659

Deerfield Beach, FL HOME PRICES

> $1,311,000
1.0%
1.0%
$983,001 - $1,311,000
1.9%
1.9%
$656,001 - $983,000
3.1%
3.1%
$525,001 - $656,000
3.2%
3.2%
$394,001 - $525,000
11.0%
11.0%
$263,001 - $394,000
20.6%
20.6%
$131,001 - $263,000
32.8%
32.8%
$66,001 - $131,000
16.3%
16.3%
$0 - $66,000
10.3%
10.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low 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:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
158.82% 4.52%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,943 / 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