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The predominate size of homes in the city based on the number of bedrooms. Homes include single family houses as well as apartment and condominium units. Average market rent is exclusively developed by NeighborhoodScout.
Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values. Importantly, this makes Delray 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. Visit our Seller Resource Center, backed by top agents, data analysis, and rigorous research.
Check out our favorite pet friendly listings in Delray Beach, FL
10,788 or 37% of the households in Delray Beach, FL are renter-occupied while 18,126 or 63% are owner-occupied.
This information is not verified for authenticity or accuracy and is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2022 Realtors® of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service, Inc. Delray Beach is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time. Housing market information is provided by Altos Research, Inc. based on analysis of all active market properties for sale in the US in the preceding week.
Climate's impact on Delray Beach housing
Homes in Boca Raton during the first quarter of 2022 ended up selling for an average of 3.2 percent less than listing price. BOCA RATON, FL (BocaNewsNow.com) (Copyright © 2022 MetroDesk Media, LLC) — Single family home sale prices in Boca Raton continued to rise in the first quarter of 2022, while prices in Delray Beach dropped. The latest Elliman Report, with numbers from Miller Samuel Real Estate Appraisers and Consultants, reveals that homes in Boca Raton are selling faster — and for more — than they did in 2021. As of December 11, 2022, the average rent for a 1-bedroom apartment in Delray Beach, FL is $2,246. Homes in Delray Beach are staying on the market for 0 days on average.
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There are 1306 active homes for sale in Delray Beach, FL, which spend an average of 67 days on the market. Some of the hottest neighborhoods near Delray Beach, FL are Kings Point, Villages of Oriole, Hunters Run, Boca del Mar, High Point of Delray. Fill out this form to find out the value of your Delray Beach home from a qualified local real estate agent who knows the Delray Beach housing market. Our expert real estate agents know local home prices and the local real estate market well, and can help you price and sell your Delray Beach home. One very important thing to keep in mind is that these are average appreciation rates for the city.
Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac. The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level. Different neighborhoods within a city or town can have drastically different home appreciation rates. Our data are built upon median house values in each neighborhood, and combine data from the United States Bureau of the Census with quarterly house resale data.
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By providing this information, Redfin and its agents are not providing advice or guidance on flood risk, flood insurance, or other climate risks. Redfin strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction. The average number of days on market for homes in Boca Raton during the first quarter of 2022 was 30. One year ago, it took an average of 66 days to sell a home in Boca Raton. Over the past month, the average rent for a studio apartment in Delray Beach decreased by -7% to $3,250. The proportion of homes and apartments in the city built within a certain time period.
Since it is less easy to get around town in Delray Beach, FL a bike or car will be helpful. Check out Delray Beach, FL HUD homes for sale, which may include auction properties, for sale by owner, and more. If you're buying a home in Delray Beach, you may be able to get a good deal. Percentages are based on the number of housing units for each type over the total number of units across all types.
Our data are calculated and updated every three months for each neighborhood, city and town, approximately two months after the end of the previous quarter. Each quarter, Fannie Mae and Freddie Mac provide their most recent mortgage transactions to the FHFA. These data are combined with the data of the previous 29 years to establish price differentials on properties where more than one mortgage transaction has occurred. These resultant neighborhood appreciation rates are a broad measure of the movement of single-family house prices. The appreciation rates serve as an accurate indicator of house price trends at the neighborhood level. Neighborhood appreciation rates from NeighborhoodScout are based on both median house value data reported by respondents via the U.S.
ClimateCheck™ analyzes a property's risk from climate change using the latest modeling and data from climate scientists, universities, and federal agencies. Explore how many homes are likely to flood in nearby cities, compared to . Flood risk data is provided by Risk Factor™, a product of the nonprofit First Street Foundation. Risk Factor™ is a peer reviewed scientific model, designed to approximate flood risk and not intended to include all possible risks of flood. If you have questions or feedback about this data, get help at riskfactor.com and climatecheck.com.
Bureau of the Census, and a weighted repeat sales index, meaning that they measure average price changes in repeat sales or refinancings on the same properties. This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates.
Storm risk estimates how much climate change increases the chances of extreme precipitation, when a lot of rain or snow falls in a short time, including thunderstorms, snowstorms, and tropical cyclones. Heat risk estimates how much climate change might increase the typical number of hot days in a year and the likelihood of extreme heat and heatwaves. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly. The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
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