menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Deerfield Beach, FL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Deerfield Beach, FL Housing Market Trends

With 86,772 people, 36,219 houses or apartments, and a median cost of homes of $440,063, Deerfield Beach real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Deerfield Beach, accounting for 52.62% of the city's housing units. Other types of housing that are prevalent in Deerfield Beach include single-family detached homes ( 25.89%), row houses and other attached homes ( 8.50%), and a few mobile homes or trailers ( 6.58%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Deerfield Beach primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Deerfield Beach has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Deerfield 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 Deerfield Beach built between 1940-1969 ( 17.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.76%). There's also some housing in Deerfield Beach built before 1939 ( 1.01%).

Vacant housing appears to be an issue in Deerfield Beach. Fully 22.19% of the housing stock is classified as vacant. Left unchecked, vacant Deerfield Beach homes and apartments can be a drag on the real estate market, holding Deerfield 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.

Deerfield Beach Home Appreciation Rates

In the last 10 years, Deerfield Beach has experienced some of the highest home appreciation rates of any community in the nation. Deerfield Beach real estate appreciated 169.91% over the last ten years, which is an average annual home appreciation rate of 10.44%, putting Deerfield Beach in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Deerfield 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 Deerfield Beach that despite a nationwide downturn in the housing market, Deerfield Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Deerfield Beach appreciation rates continue to be some of the highest in America, at 14.94%, which is higher than appreciation rates in 97.43% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Deerfield Beach. Deerfield Beach appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.

Importantly, this makes Deerfield 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 Deerfield 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 Deerfield Beach differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Deerfield 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 Deerfield Beach real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$440,063

Deerfield Beach, FL Home Prices
> $1,645,000
$1,234,001 - $1,645,000
$823,001 - $1,234,000
$658,001 - $823,000
$494,001 - $658,000
$329,001 - $494,000
$164,001 - $329,000
$82,001 - $164,000
$0 - $82,000
2.7%
2.7%
1.8%
1.8%
7.5%
7.5%
8.8%
8.8%
16.3%
16.3%
24.7%
24.7%
19.6%
19.6%
8.7%
8.7%
10.0%
10.0%
0% 100.0%
% of Homes
Average

for Florida

High

for nation

Number of Homes And Apartments:

36,219

Deerfield Beach Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,938 / per month

Homeownership Rate

Owners
Renters
60.0%
60.0%
40.0%
40.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
22.2%
22.2%
77.8%
77.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.8%
7.8%
73.3%
73.3%
17.9%
17.9%
1.0%
1.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
25.9%
25.9%
8.5%
8.5%
6.2%
6.2%
52.6%
52.6%
6.6%
6.6%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
20.7%
20.7%
48.8%
48.8%
21.6%
21.6%
5.0%
5.0%
1.2%
1.2%
0% 100.0%
% of Homes