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City · 100,234 residents · Palm Beach County, Florida

Boca Raton , Florida

In Boca Raton, a typical home is worth $722,700 and typical rent is $2,508 a month. Compared with all of Palm Beach County, the typical home value is 62% higher and typical rent is 31% higher.

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  • Typical home value

    $722,700

    62% above the county

    101% above Florida

    • Boca Raton
    • Palm Beach
    • Florida

  • Typical rent

    $2,508a month

    31% above the county

    50% above Florida

    • Boca Raton
    • Palm Beach
    • Florida

  • Typical household income

    $106,273a year

    27% above the county

    43% above Florida

    • Boca Raton
    • Palm Beach
    • Florida

  • Households that own their home

    66%

    4 points below the county

    2 points below Florida

    • Boca Raton
    • Palm Beach
    • Florida

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$580,267
4.9% more than 12 months ago
Typical rent
$2,967 a month
3.3% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Boca Raton is in Palm Beach County. The FHA loan limit ($667,000 for a one-unit home), the fair market rents and the help on this page are those of all of Palm Beach County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Boca Raton apart

What this place has that others do not, from public data, most unusual first.

  1. Nearby, in Deerfield Beach, the typical home value is $309,600: 57% less than in Boca Raton ($722,700).

  2. The typical home in Boca Raton is worth $722,700, 62% more than in Palm Beach County as a whole ($447,300).

  3. Boca Raton has the 18th highest typical rent of the 471 cities in Florida with more than 5,000 people ($2,508).

  4. Nearby, in Pompano Beach, the typical rent is $1,724: 31% less than in Boca Raton ($2,508).

  5. According to Zillow, in the 12 months to September 2026 the typical home value in Boca Raton rose 4.9%; in Florida, it fell 0.9%.

  6. The typical household income in Boca Raton is $106,273, 27% more than in Palm Beach County as a whole ($83,581).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Boca Raton

What homes there are in Boca Raton, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

There are more apartments in Boca Raton than in Palm Beach County: 47% of homes, against 31%.

Year built

By age, homes in Boca Raton look like those in Palm Beach County: the typical year built is 1983.

By size, homes in Boca Raton look like those in Palm Beach County: 50% have 3 bedrooms or more.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

About 45% of owner-occupied homes in Boca Raton are worth less than the FHA loan limit for Palm Beach County ($667,000); the rest are worth more.

Monthly rent with utilities

With a mortgage

$3,306 a month

Palm Beach County: $2,383 a month

Without a mortgage

$1,321 a month

Palm Beach County: $951 a month

Owners with a mortgage

48%

Palm Beach County: 52%

The typical cost for an owner with a mortgage in Boca Raton is $3,306 a month, more than in Palm Beach County ($2,383); without one, $1,321.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Boca Raton rose 58% since 2015–2019, about the same as in Palm Beach County (58%).

Since 2015–2019, the typical rent in Boca Raton rose 43%, more than in Palm Beach County (37%).

Housing prices ran ahead of income in Boca Raton: typical income rose 28%, against +58% for home values and +43% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBoca RatonPalm Beach CountyFloridaUnited States
Rental vacancy 5.9%7.3%7.6%5.5%
Homeowner vacancy 1.2%1.5%1.4%0.9%
More than one person per room 1.8%3.3%3.3%3.4%
People per household 2.262.492.512.53
Drive alone 64%70%70%69%
Carpool 6%10%9%9%
Public transit 1%2%1%3%
Walk or bike 4%2%2%3%
Work from home 24%15%16%15%
Other means 2%2%2%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

There is little rental housing open in Boca Raton: only 5.9% is empty and offered for rent, against 7.3% in Palm Beach County.

In Boca Raton, 1.8% of households live with more than one person per room, against 3.3% in Palm Beach County.

Households in Boca Raton are smaller: 2.26 people on average; in Palm Beach County, 2.49.

Working from home is more common in Boca Raton: 24%, against 15% in Palm Beach County.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Boca Raton?

A typical home costs more than the typical income allows

We start with a typical home in Boca Raton, worth $722,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 67% of the typical household income in Boca Raton, which is $106,273 a year. For that payment to be 28% of income, a household would need to earn about $254,306 a year. Note: at that price the loan is above the FHA limit for Palm Beach County ($667,000), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Palm Beach County.

Your numbers

Local data
$

Starts at the typical home value in Boca Raton. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $25,295 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$5,934

at 7.18% · 30 years

Loan amount
$709,610
Total interest
$1,020,962
Paid off in
November 2056

Includes $12,205 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,480 a month

  • Tight

    $2,480 to $3,188 a month

  • Hard

    more than $3,188 a month

    Your payment · 67%

Compared with the typical household income in Boca Raton ($106,273 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$5,934
Principal & interest$4,807
Property tax$506
Home insurance$301
FHA mortgage insurance (MIP)$320

This loan is over the FHA limit

You'd borrow $697,405, but the FHA limit for a one-unit home in Boca Raton is $667,000. You'd need a bigger down payment or a different loan.

You need at least $25,295 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Boca Raton and Palm Beach County

Boca Raton is in Palm Beach County, Florida. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Boca Raton's own numbers

Typical home value
$722,700
Typical monthly rent
$2,508
Typical yearly household income
$106,273
Households that own their home
66%
Effective property tax rate
0.84%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Palm Beach County

FHA limit, one-unit home
$667,000
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,349
Price change over 5 years (FHFA)
+71%
Homes in a high flood-risk zone
8.2%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Palm Beach County.

Everything about Palm Beach County

Buying

Buying a home in Boca Raton

A typical home in Boca Raton is worth $722,700: 62% above the county and 101% above Florida. With the typical household income in Boca Raton ($106,273 a year), a typical home costs 6.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Boca Raton 6.8 years
  • Palm Beach 5.4 years
  • Florida 4.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Palm Beach County

According to FHFA’s house price index, home prices in Palm Beach County rose 139% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Palm Beach County.

Period County Florida U.S.
Last year (2025) +1.2% −0.5% +2.9%
5 years (2020–2025) +71% +60% +47%
10 years (2015–2025) +139% +127% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Boca Raton next to Palm Beach County, Florida and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Boca Raton $722,700
  • Palm Beach $447,300
  • Florida $359,000
  • United States $332,700
Typical monthly rent
  • Boca Raton $2,508
  • Palm Beach $1,916
  • Florida $1,669
  • United States $1,413
Typical yearly household income
  • Boca Raton $106,273
  • Palm Beach $83,581
  • Florida $74,568
  • United States $80,734
See the full table
Boca Raton next to Palm Beach County and Florida
Measure Boca Raton Palm Beach County Florida U.S.
Typical home value $722,700 $447,300 $359,000 $332,700
Typical monthly rent $2,508 $1,916 $1,669 $1,413
Typical yearly household income $106,273 $83,581 $74,568 $80,734
Households that own their home 66% 70% 68% 65%
Typical yearly property tax $6,063 $3,858 $2,730 $3,119
Effective property tax rate 0.84% 0.86% 0.76% 0.94%
Renters with high rent for their income 66% 62% 60% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Palm Beach County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Boca Raton

For a typical $722,700 home in Boca Raton, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Boca Raton's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $5,934a month

    Above the FHA limit for Palm Beach County ($667,000)
    Down payment
    $25,295
    Cash to close
    $46,976
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $320

  • Conventional, 5% down $5,801a month

    Least cash to close
    Down payment
    $36,135
    Cash to close
    $57,816
    Rate
    7.18%
    Mortgage insurance
    PMI · $343

  • Conventional, 20% down, no PMI $4,724a month

    Down payment
    $144,540
    Cash to close
    $166,221
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $5,392a month

    Down payment
    $108,405
    Cash to close
    $130,086
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Boca Raton and for Palm Beach County.

Property tax

Effective rate in Boca Raton

0.84%of the home’s value each year

$6,063 a year for the typical owner in Boca Raton.

  • Boca Raton 0.84%
  • Palm Beach 0.86%
  • Florida 0.76%

What Florida publishes Homestead exemption (Florida Department of Revenue)

Exemptions and deadlines in Florida

Flood risk in Palm Beach County

FEMA does not publish these numbers by city: they are for all of Palm Beach County.

Homes in the high-risk zone
8.2%
43,577
Of those, with NFIP insurance
43%
County Florida U.S.
Homes in the high-risk zone 8.2% 13% 3.5%
Of those, with NFIP insurance 43% 67% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Boca Raton

Typical rent in Boca Raton is $2,508 a month: 31% above the county. In Boca Raton, 66% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Palm Beach County, by unit size. To pay the 2-bedroom one ($2,349 a month) without spending more than 30% of your income, you would need to earn $45.17 an hour working full time.

HUD fair market rent for all of Palm Beach County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,907 $36.67 $76,280
1 bedroom $2,008 $38.62 $80,320
2 bedrooms $2,349 $45.17 $93,960
3 bedrooms $3,052 $58.69 $122,080
4 bedrooms $3,523 $67.75 $140,920

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Boca Raton

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Boca Raton has 4 ZIP codes with their own.

For 2 bedrooms it runs from $2,900 in 33486 to $3,200 in 33432.

4 of the 4 are above the fair market rent for Palm Beach County ($2,349).

  • 33431 $3,140$4,080
  • 33432 $3,200$4,160
  • 33486 $2,900$3,770
  • 33487 $3,070$3,990

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Boca Raton when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Boca Raton

HUD lists 2 buildings with rents for lower incomes in Boca Raton. These are the largest.

  • Weinberg House 21100 95th Ave S, Boca Raton 33428 105 homes, 104 low-income · For older adults (561) 482-0523
  • Gould House 21000 Ruth and Baron Coleman Blvd, Boca Raton 33428 101 homes, 100 low-income · For older adults (561) 487-0533

See all 90 buildings in Palm Beach County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Boca Raton

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 8 HUD-approved agencies with an office in Palm Beach County; 5 say they serve in Spanish.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Boca Raton

No down payment, repair or rent-help program on our list is for Boca Raton or Palm Beach County. The ones below are statewide in Florida: they work in Boca Raton the same as in the rest of the state.

Which programs do I qualify for? All programs in Florida

Housing counselors near Boca Raton

The HUD-approved agencies closest to the center of Boca Raton, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Gateway To Housing

    160 Congress Park Dr Ste 116, Delray Beach · 6 miles away

    • Budget and financial counseling
    • Pre-purchase counseling
    • and 1 more
    (561) 536-8503

  • Oasis of Hope CDC

    600 SW 3rd St Ste 2290, Pompano Beach · 10 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (954) 586-1283

  • Real Estate Education and Community Housing

    1451 W Cypress Creek Road, Fort Lauderdale · 12 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    954-546-0844-3000

Every agency in Palm Beach County All counseling agencies in Florida

Help in Spanish near Boca Raton

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Boca Raton

HUD’s record names them for Boca Raton or Palm Beach County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Ha Boca Raton Public housing and Section 8 vouchers (561) 206-6200
  • Palm Beach County Housing Authority Public housing and Section 8 vouchers (561) 684-2160

4 other authorities have an office in Palm Beach County: see the list Source: HUD

Cities

Other cities in Palm Beach County

These cities are also in Palm Beach County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Palm Beach County Housing in Florida
See 10 more cities in Palm Beach County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Boca Raton, with the typical home value.

Neighboring counties

If Palm Beach County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Boca Raton.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Boca Raton

Short answers with the numbers for Boca Raton and all of Palm Beach County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Boca Raton?

The typical home value in Boca Raton is $722,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Palm Beach County it is $447,300.

How much does it cost to rent in Boca Raton?

Typical rent in Boca Raton is $2,508 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Palm Beach County is $2,349.

What is the FHA loan limit in Boca Raton?

Boca Raton uses the FHA limit for all of Palm Beach County (2026): $667,000 for a one-unit home and $1,282,700 for a four-unit home.

How much property tax do owners pay in Boca Raton?

The typical homeowner in Boca Raton pays $6,063 a year, according to the U.S. Census Bureau. That is 0.84% of the home’s value; in Palm Beach County, the rate is 0.86%.

Where can I find free help to buy or rent in Boca Raton?

There are 8 HUD-approved counseling agencies with an office in Palm Beach County. 5 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).