Delray Beach housing market: the numbers
| Month | Typical Delray Beach home value | Change on prior year |
|---|---|---|
| August 2026 | $343,000 | +0.2% |
| August 2025 | $342,400 | −7.9% |
| August 2024 | $371,900 | −0.6% |
| August 2023 | $374,300 | +1.3% |
| August 2022 | $369,400 | +30.4% |
| August 2021 | $283,200 | +18.3% |
| August 2020 | $239,500 | +3.9% |
| August 2019 | $230,400 | +4.2% |
| August 2018 | $221,100 | +5.9% |
| August 2017 | $208,800 | +4.7% |
| August 2016 | $199,500 | n/a |
Zillow Home Value Index (all homes, smoothed, seasonally adjusted) and Zillow metro market data for the Miami–Fort Lauderdale–West Palm Beach metro. Metro figures cover the wider region.
What is the Delray Beach housing market doing now?
It is flat overall and moving in two directions underneath. The typical value of $343,049 is about 8% below the August 2023 peak of $374,304, but still 72% above August 2016. Typical rent was $2,841 in August 2026, up 3.8% in a year, so renting got dearer while buying prices held still.
The citywide figure mixes very different housing. Delray Beach has single-family streets near the beach worth seven figures and large condo and villa communities west of I-95 worth under $200,000. Read any headline number with that mix in mind.
What the ten-year trend shows
2016 to 2020: steady single-digit growth
The typical value rose from $199,465 to $239,499, between 3.9% and 5.9% a year. This was the slow, predictable market many long-time owners bought in.
2020 to 2022: a 54% jump in two years
Values climbed 18.3% to August 2021 and another 30.4% to August 2022, reaching $369,352. This matched the statewide pandemic-era surge, when record-low mortgage rates lifted what buyers could pay.
2022 to 2024: the plateau
Prices barely moved, rising 1.3% to the 2023 peak and slipping 0.6% in 2024. Higher mortgage rates capped what buyers could pay.
2024 to 2026: a correction, then a pause
The typical value fell 7.9% to $342,443 in August 2025, the largest drop in the decade, then edged up 0.2%. Much of the fall came from condo-heavy areas, covered below.
Sale speed, price cuts and inventory across the metro
Zillow reports these four indicators for the Miami-Fort Lauderdale-West Palm Beach metro, not for Delray Beach alone. They set the pace for sellers across south Palm Beach County.
About 98 days to pending
Homes took about 98 days on average to go under contract in August 2026, against 97 a year before. Because it is a mean, stale listings pull it up. Plan on roughly three months from listing to contract, then closing.
Sellers accept about 95.7% of list
In July 2026 homes sold for about 95.7% of their final list price, up from 95.3% a year earlier. On a $343,049 home, that 4.3% gap is about $14,751.
Fewer price cuts
18.9% of metro listings had a price cut in August 2026, down from 21.5% a year earlier, a sign that sellers are pricing closer to the market at the start.
Inventory down 14.3%
There were 48,328 homes for sale across the metro in August 2026, against 56,417 a year earlier. Buyers still have choice, but supply is no longer growing. The metro median sale price was $491,667 in July 2026, up about 2.8% on a year earlier.
Delray Beach home prices by ZIP code
Zillow's August 2026 typical values by ZIP show why a citywide average misleads. ZIP boundaries do not follow city limits, so confirm the jurisdiction of any address.
| ZIP | Typical value | 1-year change |
|---|---|---|
| 33483 | $1,021,648 | +5.9% |
| 33444 | $529,493 | +5.5% |
| 33446 | $338,698 | -0.4% |
| 33445 | $304,000 | -0.4% |
| 33484 | $200,469 | -6.4% |
The two rising ZIPs
33483 and 33444 both gained more than 5%. They are also the two most expensive ZIPs, which fits the wider pattern in this market: higher-priced single-family homes have held value better than condos, and their buyers are less sensitive to mortgage rates.
The flat middle
33445 and 33446 each slipped 0.4%. Both sit close to the citywide typical value, and both include addresses outside city limits, so check the taxing district on the Property Appraiser record before you compare tax bills.
The weakest ZIP
33484 fell 6.4% to $200,469. A typical value that low points to a housing stock led by condos and villas, the segment hit hardest by rising insurance and association costs. Several of the falling neighborhoods in the next section use Delray Beach addresses in the west of the area.
What is the most expensive neighborhood in Delray Beach?
Among Zillow-defined neighborhoods, Palm Trail had the highest typical value in August 2026 at $3,031,663, followed by Tropic Isle at $2,686,583, Del-Aire at $2,173,330 and Lake Ida Park at $2,081,769. The fastest gains were in Del-Aire (18.7%), Del Ida Park (16.6%), Delray Lakes (13.0%) and West Settlers (12.9%).
The largest falls were in Kings Point (down 11.8% to $91,446), Villages of Oriole (down 10.9% to $156,441) and Lakes of Delray (down 8.5% to $162,582). Kings Point is an unincorporated area west of the city, and several of these communities are age-restricted, so their prices reflect condo and association economics rather than the city as a whole.
Condos, single-family homes and new builds
Condos and villas carry the market's weakness. Florida's post-Surfside condo safety laws require milestone inspections and funded structural reserves, which have raised fees in older buildings; read our milestone inspection guide before you buy one. Single-family homes east of I-95 have held up, as the ZIP data shows. New construction in the city is mostly luxury infill; Toll Brothers' Layton Pointe is priced from $1,544,995. See new construction in Delray Beach.
Is Delray Beach a good investment?
Nobody can promise a return. What the data does show: values rose 72% over ten years, fell 8% from the 2023 peak, and rents are still rising 3.8% a year. A $343,049 purchase with 20% down at the 7.03% rate costs about $1,831 a month in principal and interest, against typical rent of $2,841, but insurance, tax and association fees close much of that gap. Check whether a community restricts rentals before you buy to let.
Rent vs buy in Delray Beach
At the typical value of $343,049, 20% down and Freddie Mac's 7.03% rate, principal and interest come to about $1,831 a month. Add property tax at the 2025 city rate of 18.4500 mills, roughly $6,329 a year before any homestead exemption, and the Palm Beach County average homeowners premium of $6,614 a year (state data as of September 2024), and the monthly cost is about $2,909 before association fees and upkeep. Typical rent was $2,841. On those figures, buying costs about the same as renting each month, so the decision rests on how long you will stay, the cash you tie up in the down payment, and fees on the specific property.
Is it expensive to live in Delray Beach?
It is mid-priced for south Palm Beach County. Delray's typical value of $343,049 sits below Boca Raton ($576,824) and Boynton Beach ($403,510), but typical rent of $2,841 is higher than Boynton's $2,371. The 2025 city tax rate is 18.4500 mills; our Palm Beach County property tax guide compares it with nearby cities.
Are Florida housing prices going down?
In many places they fell in 2025 and have since flattened. Delray Beach follows that pattern. For statewide figures, see our Florida housing market guide.
Is now a good time to buy a house in Delray Beach?
Buyers have more leverage than at any point since 2020: homes sit for about 98 days on average across the metro and sell below list. That favors negotiation on price, repairs and closing costs, especially on condos. The trade-off is a 7.03% mortgage rate and high insurance costs, so get quotes before you commit and make sure the payment works if rates stay put.
Is now a good time to sell a house in Delray Beach?
If you own a single-family home in a rising ZIP, conditions are reasonable, but price against closed sales from the last few months. Condo and villa sellers face falling values and long selling times, so full disclosure of assessments, reserves and inspection reports up front helps buyers get financing. Price cuts are less common than a year ago, which rewards an accurate first price.
Delray Beach housing market outlook
We do not forecast prices. These are the factors to watch.
Amendment 3 on the November 2026 ballot
If approved, it would raise the non-school homestead exemption to $150,000 in 2027 and $250,000 in 2028 and cut the non-homestead assessment cap from 10% to 5%. The Palm Beach County Property Appraiser has a calculator to estimate the effect on a parcel.
Insurance
State reforms have started to ease premiums: in January 2026 the state said about 26,000 Citizens policyholders in Palm Beach County would see an average 11.9% cut.
Rates and inventory
Lower mortgage rates or a further drop in metro inventory would firm prices; rising supply of condos would keep that segment soft.
Common questions
Are home prices dropping in Delray Beach?+
Not overall at the moment. Zillow's typical Delray Beach value was $343,049 in August 2026, up 0.2% on a year earlier, after a 7.9% fall the year before. Prices are still falling in ZIP 33484 (down 6.4%) and in several western condo communities, while ZIPs 33483 and 33444 rose more than 5%.
Is Delray Beach a buyer's or seller's market?+
Conditions lean toward buyers. Across the Miami-Fort Lauderdale-West Palm Beach metro, homes took about 98 days on average to go under contract in August 2026 and sold for about 95.7% of list price in July. Single-family homes in the rising eastern ZIPs are more balanced than condos and villas.
How much is a house in Delray Beach, FL?+
Zillow's typical home value for Delray Beach was $343,049 in August 2026, a figure that blends condos and houses. By ZIP it ranged from $200,469 in 33484 to $1,021,648 in 33483. New single-family homes from Toll Brothers at Layton Pointe start at $1,544,995 on the builder's site.
Is Delray Beach rent going up?+
Yes. Zillow's typical Delray Beach rent was $2,841 in August 2026, up 3.8% on a year earlier. That is higher than Boynton Beach at $2,371 and a little below Boca Raton at $2,949.
What is the most expensive ZIP code in Delray Beach?+
ZIP 33483, with a Zillow typical value of $1,021,648 in August 2026, up 5.9% on a year earlier. The next highest was 33444 at $529,493. The lowest was 33484 at $200,469.
Will Delray Beach home prices go up in 2026?+
We do not make forecasts. The factors to watch are mortgage rates, metro inventory (down 14.3% on a year earlier in August 2026), insurance premiums and the Amendment 3 property tax vote in November 2026. Prices in single-family ZIPs have been rising while condo areas have been falling.
Sources
- Zillow Research: Home Value Index, rent index, days to pending, sale-to-list, price cuts, inventory and median sale price (August 2026)
- Freddie Mac: Primary Mortgage Market Survey (week of September 24, 2026)
- Wikipedia: Kings Point, Florida
- Toll Brothers: Delray Beach, FL new homes (Layton Pointe)
- Bright Florida Homes: Palm Beach County property tax guide (2025 millage)
- Florida Division of Elections: 2026 constitutional amendments booklet
- Palm Beach County Property Appraiser: Amendment 3 tax calculator
- Florida Office of Insurance Regulation: Citizens rate relief announcement (January 2026)
- Great Florida Insurance: Florida home insurance rates by county (OIR data)