Boca Raton today
What this means
Home values here climbed 6.8% in a year.
Treat these as area figures and confirm rent with comps. Sources and method: how these figures are built.
Quick facts
| Boca Raton | vs Palm Beach County | vs Florida | |
|---|---|---|---|
| Population | 101,582 (2025 estimate) | ||
| Growth since 2020 | 4.2% | -1.4 pts | -4.7 pts |
| Median home value | $722,700 | 62% higher | 101% higher |
| Median gross rent | $2,508 | 31% higher | 50% higher |
| Median household income | $106,273 | 27% higher | 43% higher |
| Owner occupied homes | 65.7% | -4.4 pts | -1.9 pts |
| Residents 65 and older | 24.6% | -0.2 pts | +3.3 pts |
| Average commute (minutes) | 21 | 20% lower | 24% lower |
| Homes built 2010 or later | 10.5% | +1.3 pts | -3.7 pts |
| Median property tax paid | $6,063 | 57% higher | 122% higher |
Census survey figures are 2020 to 2024 averages; methods.
Living in Boca Raton
Palm Beach County city about 45 miles north of Miami, incorporated in 1925 with Mediterranean Revival style.
Boca Raton is a city with its own government, located in Palm Beach County.
Known for: Florida Atlantic University; Boca Raton Resort and Club; Town Center at Boca Raton; Office Depot headquarters
Development and roads: Served by Tri Rail and Brightline stations.
Against the Palm Beach County averages, homes are pricier than the county median ($722,700 vs $447,300); Census median rent runs higher ($2,508 vs $1,916 countywide); more of the housing is in apartment and condo buildings (47.1% vs 31.4%) and household incomes are higher ($106,273 vs $83,581).
Closest matches on price and rent: Madeira Beach ($722,800, $2,326), Miramar Beach ($733,000, $2,250), Lakewood Ranch ($678,200, $2,299).
Growth and housing
Boca Raton changed 4.2% in population from 2020 to 2025 (county 5.6%, Florida 8.9%).
| 2025 building permits | Boca Raton |
|---|---|
| Single family | 84 |
| 5 or more units | 0 |
| Total units | 84 |
| Per 1,000 residents | 0.8 |
The typical home here was built around 1983. Apartments and condos make up a large share: 47.1% of homes are in buildings of five or more units. Average household size is 2.26.
Out of state arrivals: 3.9% of residents a year, versus 2.5% countywide.
Risks to price in
| Risk item | Detail |
|---|---|
| County average homeowners insurance with wind | $6,323 a year |
| Hurricanes tied to Palm Beach County since 2000 | Frances (2004) |
| Coastal county | check flood zone and elevation per address |
43.6% of homes predate 1980: expect four point inspections. Inspections
Large buildings hold 36.7% of homes here; read the reserve study before buying a condo. Condo financing
Flood, storms and jobs
The city earned Community Rating System class 5; federal flood policies in its high risk zones cost 25% less. 407 flood claims ($10,464,106) have come from Boca Raton since 2000. For county flood claims, disaster history and jobs, see the Palm Beach County guide (8.2% of homes there are in high risk zones).
Buying a home in Boca Raton
| 2026 loan limits (county) | Amount |
|---|---|
| FHA, one unit | $667,000 |
| Conforming, one unit | $832,750 |
| Median home value here | $722,700 |
Price to income: 6.8x, compared with 5.3x for the county.
- Conventional: the most common loan in Palm Beach County.
- Jumbo: many homes here run near or past the $832,750 conforming limit.
Investing in Boca Raton
Long term rentals
| Boca Raton | vs Palm Beach County | |
|---|---|---|
| Renter occupied homes | 34.3% | +4.4 pts |
| Rental vacancy | 5.9% | -1.4 pts |
| Rent as share of renter income | 39.9% | +3.1 pts |
Short term rentals
9.5% of homes are held for seasonal or vacation use (Palm Beach County 9.5%).
| Short term rental taxes | Rate |
|---|---|
| County tourist development tax | 6% |
| State sales tax | 6% plus any county surtax |
Rules vary street by street; verify zoning and HOA limits early. State rules
Property types
| Housing stock | Share |
|---|---|
| Single family detached | 41.7% |
| Buildings with 5+ units | 47.1% |
| Manufactured homes | 0.2% |
Nearby
Other Florida markets
Sources
- U.S. Census Bureau, American Community Survey 2020 to 2024 5 year estimates. 2020 to 2024.
- U.S. Census Bureau, Population Estimates, Vintage 2025. July 1, 2025.
- U.S. Census Bureau, Building Permits Survey, 2025 annual. 2025.
- FFIEC HMDA Data Browser, originated loans. 2025 and 2024.
- LendingTree: 2026 FHA loan limits in Florida by county (HUD figures). 2026.
- Florida Realtors: FHFA sets 2026 conforming loan limits. 2026.
- Florida Office of Economic and Demographic Research: 2026 local option tourist tax rates. 2026.
- Florida Office of Insurance Regulation, July 2026 Insurance Stability Unit report (average homeowners premium with wind, as of March 31, 2026). March 31, 2026.
- Freddie Mac Primary Mortgage Market Survey. week of October 22, 2026.
- Wikipedia: List of counties in Florida. checked October 2026.
- U.S. Census Bureau county adjacency file. 2024.
- Wikipedia county article and statewide lists (colleges, teams, airports); Florida Defense Support Task Force installation map. checked October 2026.
- Wikipedia article for this place (history, setting, roads). checked October 2026.
- Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted. September 2026.
- Federal Housing Finance Agency House Price Index (county annual, metro and state quarterly, all transactions). through Q2 2026.
- U.S. Census Bureau, Building Permits Survey, January to September 2026 and 2025. September 2026.
- FEMA OpenFEMA, NFIP Residential Penetration Rates. as of August 2026.
- FEMA OpenFEMA, FIMA NFIP Redacted Claims (2000 to 2026). as of September 2026.
- FEMA OpenFEMA, NFIP Community Status Book (Community Rating System class). August 2026.
- FEMA OpenFEMA, Disaster Declarations Summaries (2000 to 2026). October 2026.
- U.S. Census Bureau, County Business Patterns 2023. 2023.
- U.S. Census Bureau, ACS 2020 to 2024, median gross rent by bedrooms (B25031). 2020 to 2024.
- Hurricane landfalls: Wikipedia, List of Florida hurricanes (2000 to present). checked October 2026.
Estimates from public data; they change over time. General information, not investment, tax or legal advice, and not a loan offer. Methods and assumptions.