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These days, finding an affordable place to live in the Delray Beach area can be challenging. Home prices in Delray Beach are now at a median cost of $505,160, higher than the Florida average of $396,783.
The average cost of rent is $2,327/mo in Delray Beach, primarily driven by the current value of real estate in the Delray Beach area. In Delray Beach, 26.26% of households rent, and 53.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Delray Beach is $8,200 per month. Households that rent pay about 28.38% of their income on rent here. Delray Beach’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Briny Breezes, FL: higher priced homes
- Ocean Ridge, FL: higher priced homes
- Boca Raton, FL: higher priced homes
- Cypress Quarters, FL: equally priced homes
- Hypoluxo, FL: less expensive homes
- Manalapan, FL: higher priced homes
Cities with Similar Populations
- St. George, UT: equally priced homes
- South Bend, IN: less expensive homes
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- Springfield, MO: less expensive homes
- St. Cloud, FL: less expensive homes
- Simpsonville, SC: less expensive homes
- Snellville, GA: less expensive homes
- Sioux City, IA: less expensive homes
- Sioux Falls, SD: less expensive homes
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