Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 80,859, 32,360 total housing units (homes and apartments), and a median house value of $525,665, Boynton Beach real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Boynton Beach, accounting for 41.18% of the city's housing units. Other types of housing that are prevalent in Boynton Beach include large apartment complexes or high rise apartments ( 36.97%), row houses and other attached homes ( 13.69%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.26%).
People in Boynton Beach primarily live in small (one, two or no bedroom) single-family detached homes. Boynton Beach has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Boynton Beach built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Boynton Beach built between 2000 and later ( 22.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.36%).
Vacant housing appears to be an issue in Boynton Beach. Fully 18.28% of the housing stock is classified as vacant. Left unchecked, vacant Boynton Beach homes and apartments can be a drag on the real estate market, holding Boynton Beach real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
In the last 10 years, Boynton Beach has experienced some of the highest home appreciation rates of any community in the nation. Boynton Beach real estate appreciated 203.40% over the last ten years, which is an average annual home appreciation rate of 11.74%, putting Boynton Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Boynton Beach definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Boynton Beach that despite a nationwide downturn in the housing market, Boynton Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Boynton Beach appreciation rates continue to be some of the highest in America, at 14.75%, which is higher than appreciation rates in 97.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Boynton Beach. Boynton Beach appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.
Importantly, this makes Boynton Beach one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Florida, our data show that Boynton Beach's latest annual appreciation rate is higher than 90% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Boynton Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Boynton Beach - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Boynton Beach real estate investment or home purchase decisions.
$525,665
for Florida
for nation
32,360
$3,665 / per month