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Boca Raton city, FL

ZIP 33487 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 33487

Median Home Value
$573,100
Median Rent
$2,208
Affordability Snapshot
$158,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,681/mo PITI).

28%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.1x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

21.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 33487 in Boca Raton city, FL, a household would need roughly $158,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,681. That is about 68% above the local median household income ($93,816), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 27% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
75.2%+15% vs US avg
x
Vacancy Rate
27.2%+164% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
3.1%-79% vs US avg
x
Built Pre-1939
0.2%-99% vs US avg
x
Built Post-2014
0.5%-92% vs US avg
x
Rent Burden >30%
34.0%-32% vs US avg
x
Mortgage-Free
51.1%+34% vs US avg
x
$573,100
Home Value
$2,208
Rent
1983
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached28.1%
  • 1-unit attached10.7%
  • 2-9 units7.9%
  • 10+ units52.5%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$573,100
Median rent$2,208
Owner-occupied75.2%
Vacant27.2%
Price-to-income6.1x
Est. income to buy$158,000