Delray Beach – Boynton Beach Rental Market In Transition At End Of Winter Season

  • Published by Peter Zalewski
  • 4/29/2024
  • 6:44:31 PM
A review of the latest rental statistics shows the median asking price in the Delray Beach – Boynton Beach market is about $2.90 per square foot monthly.

The Delray Beach – Boynton Beach rental market has nearly 825 residences available for lease at the end of the South Florida Winter Buying Season. (Photo courtesy of Google)

The Delray Beach – Boynton Beach rental market is a landlords market with about 5.5 months of supply currently listed for lease in the final month of the South Florida Winter Buying Season, according to an analysis of statistics compiled by CondoVulturesRealty.com.

The Delray Beach – Boynton Beach is defined for this report as Spanish River Boulevard north to Lake Avenue, and Atlantic Ocean and Interstate 95.

In the 12 months of 2023, tenants leased an average of about 150 units per month for a total of more than 1,800 units between January and December.

Based on the current active listings in the Multiple Listing Service – a database used by Realtors to market condos – the Delray Beach – Boynton Beach area is still in a landlords market with a supply of nearly 825 units available for lease.

We have crunched the statistics for the Year 2023 and plan on publishing a series of reports during this week on CondoVultures.com looking at the winners and losers in the Delray Beach – Boynton Beach market in Central Palm Beach County.

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This information is believed to be accurate and complete but cannot be guaranteed or warranted. For more information, please call 305.865.5859 or visit CondoVulturesRealty.com

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