Boca Raton, FL, is one of the great destinations to move to in the Gulf Coast. With its waterfront views, stellar food scene, and infinite ways to spend your days, it shouldn’t come as a shock that roughly 95,800 people live in Boca Raton.
If you’re moving to Boca Raton, expect the median home sale price to be around $589,500, and the average sale price per square foot to be $334. For renters, the average rent for a two-bedroom apartment in Boca Raton is about $3,119.
Don’t worry if those prices don’t fit in your budget – we’ve got options to help you find a home or apartment that does. We’ve collected the 10 best affordable Boca Raton suburbs to consider living in. And the best part is that they’re all less than 30 minutes away from the city center. That way you can live nearby without paying the price of living in Boca Raton.
#1: Lauderdale Lakes
Median home price: $152,500
Average sale price per square foot: $164
Average rent for a 2-bedroom apartment: $2,100
Driving distance from Boca Raton: 25 minutes
Lauderdale Lakes, FL homes for sale
Lauderdale Lakes, FL apartments for rent
With a median home sale price of $152,500, Lauderdale Lakes comes in at number one on our list of most affordable Boca Raton suburbs. About a 25-minute drive away from downtown Boca Raton, Lauderdale Lakes is home to roughly 36,000 people. If you’re considering moving to this area make sure to visit one of the many parks in the city.
#2: Lauderhill
Median home price: $172,500
Average sale price per square foot: $164
Average rent for a 2-bedroom apartment: $1,950
Driving distance from Boca Raton: 25 minutes
Lauderhill, FL homes for sale
Lauderhill, FL apartments for rent
Taking the second place on our list is Lauderhill. The same distance from Boca Raton as Lauderdale Lakes, you can visit the Gumbo Limbo Nature Center, a 20-acre coastal preserve, in just a quick drive. Make sure to visit Central Broward Park & Broward County Stadium where you can watch a cricket match or stop by the Lauderhill Historical Museum. When living in this suburb of 74,500 people, you can also spend the day checking out the charming downtown.
#3: Coconut Creek
Median home price: $276,000
Average sale price per square foot: $226
Driving distance from Boca Raton: 20 minutes
Coconut Creek, FL homes for sale
Coconut Creek, FL apartments for rent
Just 20 minutes away, you’ll find the suburb of Coconut Creek. Even with a population of about 57,800, there are plenty of unique spots to visit in Coconut Creek. If you find yourself moving to the third most affordable suburb, make sure to explore Butterfly World, check out Tradewinds Park & Stables, and golf at one of the many courses.
#4: Deerfield Beach
Median home price: $285,750
Average sale price per square foot: $246
Average rent for a 2-bedroom apartment: $1,600
Driving distance from Boca Raton: 10 minutes
Deerfield Beach, FL homes for sale
Deerfield Beach, FL apartments for rent
A little more expensive than Coconut Creek is none other than Deerfield Beach. With roughly 86,900 residents in this Boca Raton suburb, make sure to check out the island nature preserve, Deerfield Island Park, spend a sunny day at Splash Adventure Water Park, and golf at one of the courses.
#5: Tamarac
Median home price: $310,000
Average sale price per square foot: $206
Average rent for a 2-bedroom apartment: $1,850
Driving distance from Boca Raton: 30 minutes
Tamarac, FL homes for sale
Tamarac, FL apartments for rent
30 minutes away from downtown Boca Raton is Tamarac, another great suburb to consider moving to. With 71,900 people living in this affordable town, Tamarac is a great option to consider when looking to stay close to Boca Raton without paying the premium for a home or apartment in the city. In Tamarac, you can cool off at Waters Edge Park or brush up on your golfing skills.
#6: Lantana
Median home price: $322,500
Average sale price per square foot: $283
Driving distance from Boca Raton: 20 minutes
Lantana, FL homes for sale
Lantana, FL apartments for rent
Sixth on the list is another well-known Boca Raton suburb is Lantana, where the home prices are about $200K less than in Boca Raton. Lantana has about 11,500 residents and is a great suburb to consider living in. And you’ll find there are lots of activities to do in this suburb. For example, you can have a beach day at Lantana Municipal Beach, rent a jet ski, or have a picnic at Lantana Bicentennial Park, among many other local favorites.
#7: Margate
Median home price: $324,500
Average sale price per square foot: $233
Driving distance from Boca Raton: 20 minutes
Margate, FL homes for sale
Margate, FL apartments for rent
Coming in seventh place on our list of affordable Boca Raton suburbs is Margate, which is about a 20-minute drive into the heart of the city. With a population of roughly 58,700, you’ll be living in a smaller area, but there’s no shortage of things to experience in Margate. Don’t miss out on golf or spend some time at Calypso Cove Aquatic Facility once moving to the area.
#8: North Lauderdale
Median home price: $336,000
Average sale price per square foot: $271
Driving distance from Boca Raton: 25 minutes
North Lauderdale, FL homes for sale
North Lauderdale, FL apartments for rent
Living in Boca Raton, it’s likely that you’ve heard of North Lauderdale, the eighth suburb on our list. About 44,800 people reside in North Lauderdale, so you’ll have a fraction of Boca Raton’s population while remaining close to the city and its attractions. Living in North Lauderdale, be sure to check out Hampton Pines Park.
#9: Wilton Manors
Median home price: $615,500
Average sale price per square foot: $341
Driving distance from Boca Raton: 25 minutes
Wilton Manors, FL homes for sale
Wilton Manors, FL apartments for rent
Another great place to consider moving to that will get you access to downtown Boca Raton in just about 25 minutes is Wilton Manors. About 11,400 people live in this suburb, but there’s always a local business to support in Wilton Manors.
#10: Boynton Beach
Median home price: $370,000
Average sale price per square foot: $252
Driving distance from Boca Raton: 20 minutes
Boynton Beach, FL homes for sale
Boynton Beach, FL apartments for rent
Claiming the 10th spot on our list of affordable Boca Raton suburbs is Boynton Beach. If you’re lucky to avoid traffic, it’ll only take about 20 minutes to drive into Boca Raton. This suburb has a population of 80,400 and you can have a beach day, golf at one of the courses, or have a meal at one of the waterfront restaurants. You’ll find there’s always something to check out while living in this awesome suburb.
Methodology: Affordability is based on whether a suburb’s median home sale price or average sale price per square foot is less than Boca Raton and under a 30-minute drive from downtown Boca Raton. Median home sale price data from the Redfin Data Center during March 2023. Average rental data from Rent.com March 2023. Population data sourced from the United States Census Bureau.
The post 10 Most Affordable Boca Raton Suburbs to Live In appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.
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By: Alison Bentley
Title: 10 Most Affordable Boca Raton Suburbs to Live In
Sourced From: www.redfin.com/blog/affordable-boca-raton-suburbs/
Published Date: Wed, 12 Apr 2023 16:00:16 +0000
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