Median real estate price in the City Center of Delray Beach is $330,741, which is more expensive than 78.9% of the neighborhoods in Florida and 75.3% of the neighborhoods in the U.S.
The average rental price in Delray Beach City Center is currently $1,790, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 85.8% of the neighborhoods in Florida.
Delray Beach City Center is an urban neighborhood (based on population density) located in Delray Beach, Florida.
Real estate in the City Center of Delray Beach, FL is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Delray Beach City Center. The current real estate vacancy rate here is 20.1%. This is higher than the rate of vacancies in 85.3% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.