Market Snapshot
- Median listing price
- $900K
- Median rent
- $4,950/mo
- Days on market
- 195 days
- Gross rental yield
- 6.60%
- STR vs LTR
- $3,730/mo STR · $4,950/mo LTR
The median listing price in Boca Raton, FL ZIP 33498 is $899,900 as of September 2026.
The median market rent in Boca Raton, FL ZIP 33498 is $4,950/month as of September 2026.
The median days on market in Boca Raton, FL ZIP 33498 is 195 days as of September 2026. The market is currently neutral.
At a median list price of $899,900 and a median rent of $4,950/month, the gross rental yield in Boca Raton, FL ZIP 33498 is 6.60% as of September 2026.
In Boca Raton, FL ZIP 33498, median Airbnb revenue is $3,730/month compared to median long-term rent of $4,950/month as of September 2026.
Boca Raton, FL 33498 Real Estate Market Report
ZIP Code: 33498
Report Date: September 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
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
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 the 33498 area are averaging approximately 6.7% to 6.99%, reflecting a market environment where rates have remained elevated throughout 2026 compared to the 6.01% annual low seen in February.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- 788,500 is the primary market-value signal as the median sold price and represents the best indicator of recent transaction levels in 33498; flat year-over-year price trend and a neutral market temperature suggest price stability rather than rapid appreciation or decline.
- 899,900 median listing price versus the median sold price of 788,500 highlights a meaningful seller–buyer price gap that may indicate pricing friction or elevated seller expectations relative to realized transaction prices.
- 195 median days on market points to slower sales velocity and, combined with the analyzed sample's profile, suggests relatively constrained active supply and measured liquidity rather than rapid turnover.
- Rent and financing context: median market rent is 4,950 and rent year-over-year trend is up, while interest rate pressure is described as elevated with current 30-year fixed mortgage rates in the 33498 area averaging approximately 6.7% to 6.99%, a factor likely moderating buyer demand and sustaining the observed pricing gap.
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.
Below-market acquisition. Investor purchase with value-add potential through renovation.
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.71% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 9/7/2026
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