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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Boynton Beach Housing Market Information

With 73,966 people, 28,989 houses or apartments, and a median cost of homes of $207,745, 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 39.40% of the city's housing units. Other types of housing that are prevalent in Boynton Beach include large apartment complexes or high rise apartments ( 36.98%), row houses and other attached homes ( 12.57%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.21%).

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 ( 18.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.99%).

Vacant housing appears to be an issue in Boynton Beach. Fully 20.76% 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

Boynton Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Boynton Beach during the period has been just -1.96%, which is lower than 80% of US communities.

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 8.86%, which is higher than appreciation rates in 90.27% 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 1.80%, which equates to an annual appreciation rate of 7.39%.

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 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:
$207,745

Boynton Beach, FL HOME PRICES

Value Range
> $1,441,000 0.7
$1,081,001 - $1,441,000 0.6
$721,001 - $1,081,000 2.1
$576,001 - $721,000 1.5
$432,001 - $576,000 5.4
$288,001 - $432,000 16.9
$144,001 - $288,000 39.7
$72,001 - $144,000 21.8
$0 - $72,000 11.4

Average for FL
High for Nation

Value Relative to Nation Value Relative to State
30.3351693425524 42.7350427350427

Number Of Homes And Apartments:
28,989

Boynton Beach Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
102.83% 4.18% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,578 / per month

Homeownership Rate

Homeownership
Owners 61.87
Renters 38.13
Vacant 20.76

Housing Market Details

 

Age of Homes

AGE OF Boynton Beach HOMES
2000 or Newer 18.2
1970 - 1999 64.0
1940 - 1969 17.0
1939 or Older 0.7

Types of Homes

TYPE OF Boynton Beach HOMES
Single-Family 39.4
Townhomes 12.6
Small Apt. Buildings 9.2
Apt. Complexes 37.0
Mobile Homes 1.8
Other 0.0

Home Size

SIZE OF Boynton Beach HOMES
No Bedroom 1.70
1 Bedroom 14.16
2 Bedrooms 48.86
3 Bedrooms 27.45
4 Bedrooms 6.73
5 or more bedrooms 1.10