Q:

Is the price of real estate in Boynton Beach higher or lower than average?

A:

Quick Answer

Median home prices in Boynton Beach, Florida, are lower than both the state and U.S. averages, according to Areavibes. As of 2016, the median home price in Boynton Beach is $154,500, compared to $170,800 in Florida and $181,400 in the United States as a whole.

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Full Answer

Unlike real estate sale prices, rental rates in Boynton Beach are higher than in the rest of the state and the nation. The median rent in Boynton Beach is $1,214, compared to $987 in Florida and $889 in the United States as a whole.

Part of this disparity could be a result of high homeowners' insurance rates. Florida already has higher rates than any other U.S. state, according to the Palm Beach Post, and Boynton Beach is particularly vulnerable to hurricanes due to its coastal location.

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