Boynton Beach FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Boynton Beach, FL Real Estate Data

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 Q4 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Boynton Beach Housing Market Information

With 78,050 people, 28,698 houses or apartments, and a median cost of homes of $252,509, 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 40.48% of the city's housing units. Other types of housing that are prevalent in Boynton Beach include large apartment complexes or high rise apartments ( 36.59%), row houses and other attached homes ( 12.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.95%).

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 ( 20.32%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.07%).

Vacant housing appears to be an issue in Boynton Beach. Fully 19.47% 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

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 87.10% over the last ten years, which is an average annual home appreciation rate of 6.47%, 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 5.40%, which is higher than appreciation rates in 77.42% 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 1.94%, which equates to an annual appreciation rate of 7.97%.

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 lower than 50% 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.

Average Home Values

 

Median Home Value:
$252,509

Boynton Beach, FL HOME PRICES

Value Range
> $1,267,000 0.9
$950,001 - $1,267,000 0.9
$634,001 - $950,000 3.4
$507,001 - $634,000 3.5
$380,001 - $507,000 10.9
$254,001 - $380,000 25.7
$127,001 - $254,000 34.5
$64,001 - $127,000 13.6
$0 - $64,000 6.6

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
27.585401459854 42.1276595744681

Number Of Homes And Apartments:
28,698

Boynton Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
Since 2000:
2000 Q1 - 2019 Q4
142.63% 4.53%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,982 / per month

Homeownership Rate

Homeownership
Owners 59.40
Renters 40.60
Vacant 19.47

Housing Market Details

 

Age of Homes

AGE OF Boynton Beach HOMES
2000 or Newer 20.3
1970 - 1999 62.0
1940 - 1969 17.1
1939 or Older 0.6

Types of Homes

TYPE OF Boynton Beach HOMES
Single-Family 40.5
Townhomes 12.5
Small Apt. Buildings 9.0
Apt. Complexes 36.6
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Boynton Beach HOMES
No Bedroom 1.72
1 Bedroom 14.90
2 Bedrooms 45.49
3 Bedrooms 29.97
4 Bedrooms 6.75
5 or more bedrooms 1.18