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These days, finding an affordable place to live in the Boca Raton area can be challenging. Home prices in Boca Raton are now at a median cost of $681,538, higher than the Florida average of $396,783.
The average cost of rent is $2,686/mo in Boca Raton, primarily driven by the current value of real estate in the Boca Raton area. In Boca Raton, 28.61% of households rent, and 48.84% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Boca Raton is $9,766 per month. Households that rent pay about 27.50% of their income on rent here. Boca Raton’s most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Hillsboro Pines, FL: equally priced homes
- Deerfield Beach, FL: less expensive homes
- Highland Beach, FL: higher priced homes
- Coconut Creek, FL: less expensive homes
- Delray Beach, FL: less expensive homes
- Parkland, FL: higher priced homes
- Hillsboro Beach, FL: equally priced homes
- Lighthouse Point, FL: equally priced homes
- Pompano Beach, FL: less expensive homes
- Margate, FL: less expensive homes
Cities with Similar Populations
- Knoxville, TN: less expensive homes
- Hartford, CT: less expensive homes
- Green Bay, WI: less expensive homes
- Greensboro, NC: less expensive homes
- Hesperia, CA: less expensive homes
- Greer, SC: less expensive homes
- Indianapolis, IN: less expensive homes
- Homestead, FL: less expensive homes
- Hoover, AL: less expensive homes
- Huntington Beach, CA: higher priced homes
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