What To Know About Living in Deerfield Beach
Have you ever thought about moving to the beach? If you have, Florida is the ideal state to relocate and grow your roots. However, there’s a problem — crowds.
Florida is one of the most popular destinations — not just for those going on Spring Break — but also for those looking for a place to spend their golden years. Worse yet, many choose the Sunshine State’s coastal areas, meaning you’ll have to jock for position to get the best beachfront property deals.
So where do you go when you want the beach but not the crowds? The answer is a coastal city within Broward County — Deerfield Beach.
Deerfield Beach is one of the most beautiful and serene coastal cities in Florida. The city has won numerous accolades for the upkeep, safety, and beauty of its waters. The city is also home to various types of properties that offer property owners and investors more than stunning views of the shoreline and the Atlantic.
If you’re looking for a change of scenery, you can’t go wrong with moving to or retiring in Deerfield Beach. Find out more about what makes this “Blue Wave” beach city a worthwhile destination for relocation and property investment.
Moving to Deerfield Beach, FL: What You Can Look Forward To
Deerfield Beach is in Broward County, FL, and is northwest of Hillsboro Beach and Lighthouse Point. Its location puts it a stone’s throw away from Boca Raton. Deerfield Beach is also a short, ten-minute drive away from Pompano Beach. If you’re moving to Deerfield Beach from Pompano Beach or Boca Raton, you won’t have to drive far.
As a tourist spot, Deerbeach, FL, is growing in popularity. The city is home to various attractions, including the famous Tree Zoo or the Deerfield Beach Arboretum. The Tree Zoo has hundreds of species of trees and plants, all curated from the area. The local curation of varied plant species tells you one thing — there’s no shortage of nature when you relocate to Deerfield Beach.
Besides being abundant in flora, Deerfield Beach also boasts various large-scale establishments that provide tourists and residents with unique and fun experiences. For example, Quiet Waters Park features an artificial freshwater beach, complete with amenities like cable water-skiing.
Don’t let the daytime attractions trick you into thinking Deerfield Beach is a city that sleeps. There are restaurants and bars long the city’s Northeast Avenue that guarantee to give you an evening to remember. Some establishments are also along the shoreline, so look no further if you’re looking for an after-work beverage while listening to the waves.
There are plenty of attractions in the city. However, Deerfield Beach isn’t just a spot for tourists — it’s a destination for anyone looking to relocate or retire.
Deerfield Beach has more than a dozen residential communities that are each a short distance from shopping centers, grocery stores, gyms, and other essential establishments and services.
What does this mean for you? Find your next home in Deerfield Beach, and you’ll never be too far from anything you need in the city.
Of course, finding your next property in Deerfield Beach necessitates some knowledge of the city’s real estate market. Read on to learn more about the city’s bustling real estate scene.
Deerfield Beach’s Real Estate Market
When you look into Deerfield Beach properties, you’ll find variation among the properties. Some offers have a price tag of as low as $30,000 while some beachfront properties can cost more than $7 million.
As you can see, the gap is large. However, you can get your finances in order by operating based on the average prices of properties in the city. Median listing home prices are around $247 per square foot.
Many homes have an average listing price of about $279,900. For more upscale options, you’ll have to look for properties closer to the shore. Beachfront properties are the most expensive ones in the Deerfield Beach real estate market, with homes costing at least $449,000.
How Long Do Properties for Sale Stay Listed in Deerfield Beach?
The average length of how long listings stay on the market varies per year. We can attribute this to factors like sales closings, inventory, and demand. Over the past year since 2022, however, the Deerfield Beach property market has become more balanced, with demand matching inventory. For this reason, listings don’t stay on the market long — 55 days on average, to be exact.
In short, doing your property searches early is crucial to get the property you want before moving to Deerfield Beach.
Is it better to buy a condo, townhouse or single-family house in Deerfield?
Condos, townhouses, and single-family homes appear with more-or-less equal regularity on listings on our website.
Condos can cost anywhere from $110,000 to upwards of $339,000. Size, age restrictions, and location seem to be major determinants of price.
By comparison, townhouses in Deerfield Beach cost $364,900 to as much as $699,000. Lastly, house prices range from $300,000 to $775,000.
What’s the Cost of Living Like in Deerfield Beach?
Despite the steep prices of some properties in the city, Deerfield Beach has one of the lowest housing expenses in the state. According to Payscale, the city’s housing expenses are at least 2% lower than the national average.
Nevertheless, the cost of living in Deerfield Beach is higher in terms of groceries, transportation, and utilities. Groceries are 19% more expensive in Deerfield Beach. Meanwhile, transportation and utilities cost 4% and 5%, respectively.
Overall, the cost of living in Deerfield Beach is about 10% higher than the national average. The only expense at the same level as the national average is healthcare.
Are There Property Taxes To Be Aware of Before Moving or Retiring in Deerfield Beach?
As with other parts of Florida, residents in the city must pay property taxes. Deerfield Beach’s property tax rates follow those set by Broward County’s Board of County Commissioners. According to Tax Rates, the latest rates are at 1.08%. More specifically, the tax is 1.08% of a property’s assessed value — not necessarily sale value.
Under the county’s tax regulations, property owners must pay taxes between November and March of the following year. To improve tax collections, the Board of County Commissioners and other taxation bodies implement tax discounts for people who settle their taxes early.
Payments made in November entitle property owners to a 4% tax discount. The discount drops by a percentage point for each month after November. You get no discount when you pay your property taxes in March of the following year.
Is Deerfield Beach Growing?
Deerfield Beach’s population had been growing at a slow and steady rate since 1990 before booming by as much as 30,000 in 2000. Since its sharp uptick in 2000, Deerfield Beach’s population resumed its slow increase. As of 2021, the city is home to roughly 86,339, based on the most recent data from the United States Census Bureau.
Moving to or Retiring in Deerfield Beach, FL?
Information is power whenever you’re moving to a new place. With the information you’ve learned here, you’ll be in a better position to relocate to Deerfield Beach.
An important aspect of your move is finding the property that fits your lifestyle, taste, and budget. Reach out now, and let us connect you to the best properties in Deerfield Beach.Posted by Andy Mandel on