Boynton Beach appreciation rates and housing market information

Boynton Beach housing market information

With a population of 59,951, 30,586 total housing units (homes and apartments), and a median house value of $202,400, 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 45.28% of the city's housing units. Other types of housing that are prevalent in Boynton Beach include large apartment complexes or high rise apartments (33.36%), duplexes, homes converted to apartments, or other small apartment buildings (9.91%), row houses and other attached homes (9.52%), and a few mobile homes or trailers (1.93%).

Dwellings in Boynton Beach tend to be quite small (one, two, or no bedrooms) and owner-occupied. In fact, 70.77% of the homes in Boynton Beach have two or fewer bedrooms.

There is a lot of housing in Boynton Beach built from 1970-1994, 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 from 1940-1969 (20.56%). A lesser amount of the housing stock also hails from 1995 and later (10.19%), and some were built from 1939 and earlier (10.19%).

Vacant housing appears to be an issue in Boynton Beach. Fully 14.97% 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.

Boynton Beach home appreciation rates

Appreciation rates for homes in Boynton Beach have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 119.41%, which ranks in the top 20% nationwide. This equates to an annual average Boynton Beach house appreciation rate of 11.94%.

Over the last year, Boynton Beach appreciation rates have trailed the rest of the nation. In the last twelve months, Boynton Beach's appreciation rate has been -14.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boynton Beach were at -6.98%, which equates to an annual appreciation rate of -27.92%.

Notably, Boynton Beach's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Boynton Beach's latest annual appreciation rate is higher than 23% 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 1990, to assist you in making the best Boynton Beach real estate investment or home purchase decisions.