Boca Raton is located in Palm Beach County and has a land area of 29.2 square miles. The 2020 growth rates were 0.45% and has sustained growth rates of 19.34% since 2010. It is ranked 26th most populous in the state of Florida. The current population in 2021 is 225,963 residents which includes unincorporated West Boca Raton residents. The average household income in Boca Raton is $138,222 with a poverty rate of 9.08%. The median rental costs are $1,760 per month and the median Boca Raton houses are valued at $458.600. The rate of home ownership is 71.2%. The media age of Boca Raton residents is 48.5 years old. According to the latest ACD, the racial composition is 86.65% White, 4.53% Black or African American, 3.60% Other race, 2.94% Asian, 2.14% Two or more races, 0.11% Native American and 0.03% Native Hawaiian or Pacific Islander.
The average number of Boca Raton homes for sale is between 850 and 950 residential properties and prices go as low as $20,000 for a property in Boca West to a compound on 5th Avenue in east Boca just north of Palmetto Park Road that sites on 1.7 acres and has a 225 ft. dockage in a no wake zone. You can search prices of all MLS houses for sale Boca Raton listings and see photos, videos, maps of properties, property taxes, houses with and without homeowner association maintenance fees, private club dues and social memberships that are mandatory to purchase houses for sale in Boca Raton, Florida.
Why are houses for sale in Boca Raton Florida selling so fast? Well, one of the top reasons is the low inventory of available property listings. The number of days homes are sitting on the market has shrunk from an average of 93.4 days all the way down to 64 days today. This is also causing the Boca Raton average home price to increase over the past seven months. The low interest rates are also fueling the real estate boom in south Florida. Nearly a quarter of a million people have moved to the Sunshine State in the past year escaping other cities that have state income taxes. Baby boomers and others love Florida’s no state income tax! This is yet another reason why so many are flocking to the state. Of course, it helps that Boca sites along the Atlantic Ocean and has two college universities: Florida Atlantic University and Lynn University as well as abundant job opportunities.
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