Deerfield Beach Real Estate Stats
| Average Price | $426K |
|---|---|
| Lowest Price | $84.5K |
| Highest Price | $8M |
| Total Listings | 353 |
| Avg. Days On Market | 67 |
| Avg. Price/SQFT | $304 |
Property Types (active listings)
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Deerfield Beach, FL Real Estate Market Trends
Deerfield Beach has a population of almost 87,000 people, but only has just over 32,000 total housing units between homes and apartments. Due to its high demand and location close to the beach, Deerfield Beach real estate prices are higher than the average across the nation.
Large condo developments and apartment complexes make up over 53% of all the city's housing units, while single-family homes make up just over 26% of the available housing options.
People in Deerfield Beach primarily live in one or two bedroom condos in large apartment complexes or condo developments. Over 58% of Deerfield residents own their property with about 41% of residents renting.
Almost 75% of the homes and condos in Deerfield Beach were built between 1970 - 1999, with another 18% built between 1940 - 1969. Only about 6% of the properties in Deerfield Beach were built after 2000. For buyers of Deerfield Beach real estate, this means you will likely be looking at older properties that have been updated already or a fixer-upper project that might require some renovation depending on your budget and preferences.
Deerfield Beach Real Estate Appreciation Rates
Like many cities in Florida, Deerfield Beach has had tremendous price appreciation in the last 10 years. Deerfield Beach real estate appreciated 178.12% in the last decade, making it one of the top 10% cities nationally for real estate appreciation. this is great for buyers or investors looking to make sure their investment has a track record of appreciation.
Based on the last twelve months, short-term real estate investors have found good fortune in Deerfield Beach.
Relative to Florida, Deerfield Beach's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Deerfield Beach differ in their investment potential, sometimes by a great deal.
Living in Deerfield Beach
Deerfield Beach is a larger medium-sized coastal city with a population of almost 87,000 people. The city is neither predominantly blue-collar nor white-collar, instead having a mix of both kinds of jobs. The annual income is $108,212 for a family of four in Deerfield Beach.
Deerfield Beach has one of the main public fishing piers in South Florida and you will always find fishermen (and fisherwoman) on the pier looking for their next dinner. The beach is frequently visited by many residents in South Florida from the neighboring cities and is a bustling place on the weekend. There are tons of restaurants with beautiful oceanfront views & shops downtown right outside the pier making this a busy place on the weekends and for holidays. The beaches are busy and have beach volleyball nets for outdoor sports enthusiasts.
25.94% of Deerfield Beach resident adults 25 and older in the city have at least a bachelor's degree, higher than the 21.84% national average.
Deerfield Beach Real Estate Agents
Allow our Deerfield Beach real estate team to guide you through the purchase of your new property or through the sale of your current residence today! As local real estate agents, we know the unique market dynamics of Deerfield Beach real estate.
To learn more about agent representation while buying or selling, contact The Mandel Team. Selling your Deerfield Beach home? Check out our market analysis page for a free home value estimate within minutes!
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