Market Snapshot
- Median listing price
- $810K
- Median rent
- $4,600/mo
- Days on market
- 264 days
- Gross rental yield
- 6.81%
The median listing price in Boca Raton, FL ZIP 33498 is $809,999 as of August 2026.
The median market rent in Boca Raton, FL ZIP 33498 is $4,600/month as of August 2026.
The median days on market in Boca Raton, FL ZIP 33498 is 264 days as of August 2026. The market is currently neutral.
At a median list price of $809,999 and a median rent of $4,600/month, the gross rental yield in Boca Raton, FL ZIP 33498 is 6.81% as of August 2026.
Boca Raton, FL 33498 Real Estate Market Report
ZIP Code: 33498
Report Date: August 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Boca Raton, FL, are approximately 6.75%, which is 0.7% higher than the 6.05% average observed earlier in 2026.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- Median sold price $757,102 is the primary indicator of recent market value in ZIP 33498 and points to stable transaction pricing anchored by completed sales; representative recent sale activity suggests buyers are selective and paying near-trade levels for desirable, move-in-ready inventory.
- Median listing price $809,999 sits above the median sold price, creating visible pricing friction that may indicate seller optimism or holdout pricing; flat price momentum alongside this gap suggests listings may need greater alignment with recent transaction levels to accelerate offers.
- Median days on market 264 signals slower sales velocity and extended marketing periods for many SFR and condominium listings; slower transaction volume may persist for older or non-waterfront inventory while turnkey and luxury properties remain relatively resilient.
- Interest rate pressure elevated is an ongoing headwind—market commentary notes current 30-year fixed mortgage rates in Boca Raton, FL are approximately 6.75%, which is 0.7% higher than the earlier 2026 average; elevated interest rate pressure may constrain buyer affordability and keep the market temperature neutral despite stable prices.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold at market average
Below-market acquisition. Investor purchase with value-add potential through renovation.
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.69% rate, 0.9% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 8/11/2026
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