The housing market in 33487 Boca Raton, FL is booming. The median value of housing in Boca Raton is a whopping $642,300, which is nearly double the median value of housing across the United States as a whole. In the last year alone, the US saw an 8.27% appreciation rate for housing values, while Boca Raton's homes appreciated by a remarkable 22.04%. These figures demonstrate that Boca Raton is a desirable city to buy or rent property in due to its high real estate values and fast-paced appreciation rate.
The median home cost in Boca Raton (zip 33487) is $642,300. Home appreciation the last 10 years has been 200.8%. Home Appreciation in Boca Raton (zip 33487) is up 27.8%.
Average Age of Homes
- The median age of Boca Raton (zip 33487) real estate is 34 years old
The Rental Market in Boca Raton (zip 33487)
- Renters make up 14.5% of the Boca Raton (zip 33487) population
- 1.6% of houses and apartments in Boca Raton (zip 33487), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.