There are currently 97,225 real estate properties in Boca Raton, FL, with a median automated valuation model (AVM) price of $363,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Boca Raton, FL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Boca Raton, FL, is $494,754.00, with the most expensive house in Boca Raton, FL, topping out at $43,365,500.00 and the cheapest home in Boca Raton, FL, clocking in at $27,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Boca Raton, FL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Boca Raton, FL, is on a rollercoaster ride. The average rent price in Boca Raton, FL, is $2,606.00. Indeed, when looking to rent in Boca Raton, FL, you can expect to pay as little as $820.00 or as much as $7,120.00, with the average rent median estimated to be $2,390.00. The good news is that finding an affordable and desirable property to rent in Boca Raton, FL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Boca Raton, FL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Boca Raton, FL and much more. Save thousands at closing with home foreclosure listings in Boca Raton, FL — up to 75% off market value!
Boca Raton is located in Palm Beach, Florida, with an estimated municipal population of 99,805 residents. All of the best foreclosed homes for sale in Boca Raton are located in the following zip code areas on Foreclosure.com: 33496 33487 33486 33432 33433 33431 33434 33427 33429 33481 33499. The estimated population per square kilometer (.62 miles) in Boca Raton is 1,320.
So, about how much do homes cost in Boca Raton? The most recent median value of resident-owned homes in Boca Raton is 454,753. An estimated 71.2 percent of households in Boca Raton own their homes, with an average family size of 3.01. The median household income in Boca Raton is 83,114, with43.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Boca Raton, the median commute time of resident workers (in minutes) is 21.5. And last, but certainly not least, are you looking for homes to rent in Boca Raton? If so, the average rent price paid by renters in Boca Raton is 1,760, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Boca Raton, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Boca Raton is 48.5, split between 48 percent male versus 52 female. The percentage of residents who report being married in Boca Raton is 48, with an average family size of 3.01.
The percentage of residents who report their race in Boca Raton is as follows:
|Black / African American||4.5%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Boca Raton? Or maybe you are searching for 55+ active adult communities in and/or near Boca Raton?
The percentage of residents who report their age in Boca Raton is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Boca Raton with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Boca Raton.
How do you know that living in -- or moving to -- Boca Raton is right where you need to be? Perhaps you grew up in Boca Raton or already live nearby; therefore, the decision to buy a home in Boca Raton is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Boca Raton for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Boca Raton:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Boca Raton.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Boca Raton can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Boca Raton, meanwhile, can field multiple offers from more qualified buyers.