Home Values in Boca Raton, Florida — 2026 Market Report
Updated March 2026 | Seller's Market | +7.4% YoY
The median home value in Boca Raton, Florida is $525,000 as of March 2026, which is above the national median of $400,000. Home values in Boca Raton have increased by 7.4% over the past year and 42.9% over the last five years. With a population of 99,805 and a median household income of $72,250, the price-to-income ratio stands at 7.3x, making Boca Raton affordable for the average household.
Boca Raton Housing Market Conditions
| Metric | Boca Raton | National Avg |
|---|---|---|
| Median Home Value | $525,000 | $400,000 |
| YoY Appreciation | +7.4% | +3.8% |
| 5-Year Appreciation | +42.9% | +22.4% |
| Price per Sq Ft | $235 | $222 |
| Days on Market | 32 days | 45 days |
| Months of Supply | 2.9 | 3.5 |
| List-to-Sale Ratio | 101.1% | 98.5% |
| Monthly Homes Sold | 64 | — |
| Foreclosure Rate | 0.35% | 0.3% |
Home Value Trends in Boca Raton
A homeowner who purchased at the median price of $367,390 five years ago in Boca Raton would have gained approximately $157,610 in equity, representing a 42.9% return on investment. Over the past year alone, the typical homeowner gained $36,173 in home equity.
Affordability in Boca Raton, FL
With a median household income of $72,250 and a median home price of $525,000, the price-to-income ratio in Boca Raton is 7.3x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $3,947 compared to estimated monthly ownership costs of $2,870 gives a rent-vs-buy ratio of 0.73. In Boca Raton, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Boca Raton
The effective property tax rate in Florida is 0.86%. On a home valued at $525,000, the estimated annual property tax bill is $4,515, or approximately $376/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Boca Raton is 118.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Boca Raton, FL?
The median home value in Boca Raton, Florida is $525,000 as of March 2026. Home values have changed +7.4% over the past year, with a 5-year appreciation of 42.9%.
Is Boca Raton a buyer's or seller's market?
Boca Raton is currently a seller's market with 2.9 months of housing supply. Homes spend an average of 32 days on market, and the list-to-sale price ratio is 101.1%. Low inventory gives sellers an advantage.
Are home values going up in Boca Raton?
Yes, home values in Boca Raton have increased by 7.4% over the past year. The 5-year appreciation rate is 42.9%, meaning a home worth $367,390 five years ago is now worth $525,000.
Is it better to rent or buy in Boca Raton?
The average monthly rent in Boca Raton is $3,947, while estimated monthly homeownership costs are approximately $2,870. The price-to-rent ratio is 11.1. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Boca Raton, Florida is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.