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Affordable
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These days, finding an affordable place to live in the Boca Grande area can be challenging. Home prices in Boca Grande are now at a median cost of $1,623,351, higher than the Florida average of $396,783.
The average cost of rent is $1,631/mo in Boca Grande, primarily driven by the current value of real estate in the Boca Grande area. In Boca Grande, 1.64% of households rent, and 69.47% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Boca Grande is $6,125 per month. Households that rent pay about 26.63% of their income on rent here. Boca Grande’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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