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Delray Beach, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,806
Monthly Cash Flow
$501
Principal + Equity
$2,023
Annual Total Gain
$30,285
Cash on Cash
7.14%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$272
Occupancy Rate
64.52%
Monthly Revenue
$3,482
Monthly Cash Flow
$655
Principal + Equity
$2,023
Annual Total Gain
$32,128
Cash on Cash %
9.33%
Net ROI %
Market Health & Growth
Median Income
$79,393
Population
66,940
LTR Renter %
34.96%
Forecast (1 yr)
1.72%
Appreciation (1 yr)
-8.1%
Appreciation (5 yr)
40.65%
Appreciation (10 yr)
83.9%
Job Growth
1.78%
LTR Rentability
Moderate
STR Demand
58
STR Rentals
1,040
Top Public Schools
AA.D. Henderson University School & FAU High School
AAlexander W. Dreyfoos Jr. School of the Arts
A
A
A-
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Best Suburbs to Live in Florida
#87out of 380 markets
Best Places to Retire in Florida
#62out of 660 markets
Best Suburbs for Young Professionals in Florida
#15out of 380 markets
B
Public School
C-
Crime And Safety
C
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Delray Beach, FL.
In Delray Beach, FL, short term rentals are regulated by the city's Code Enforcement Division. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Registration: All short term rental properties must be registered with the city of Delray Beach. This includes providing contact information for the property owner or manager, as well as information about the property itself.
2. Licensing: Short term rental properties must obtain a business tax receipt from the city in order to operate legally. This includes paying an annual fee and meeting certain requirements set forth by the city.
3. Zoning restrictions: Delray Beach has specific zoning regulations that dictate where short term rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits short term rentals.
4. Occupancy limits: The city of Delray Beach has strict occupancy limits for short term rental properties. Investors should be aware of these limits and ensure that they are adhered to in order to avoid fines or penalties.
5. Noise and nuisance regulations: Short term rental properties in Delray Beach must comply with noise and nuisance regulations in order to maintain a peaceful environment for residents and neighbors. Investors should be aware of these regulations and take steps to ensure that their guests are respectful of the community.
6. Safety and health regulations: Short term rental properties must meet certain safety and health standards in order to operate legally. Investors should ensure that their property is up to code and that they are providing a safe and healthy environment for their guests.
Overall, investors looking to purchase a property for short term rental purposes in Delray Beach, FL should be aware of the city's regulations and ensure that they are in compliance in order to avoid any potential legal issues. It is recommended to consult with a real estate attorney or local property management company familiar with the regulations in Delray Beach before making a purchase.
Market Trends Over Time
Explore 25 years of market data for Delray Beach, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Delray Beach, FL.
The LTR Genie Score of Delray Beach, FL is 76, indicating a moderate level of rentability for long-term rental properties. On the other hand, the STR Genie Score is 85, showing a high level of rentability for short-term rental or Airbnb properties. The higher STR Genie Score can be attributed to the strong STR Net ROI of 38.14% and high occupancy rate of 64.52. In comparison, the LTR Net ROI is slightly lower at 35.95% and the LTR Rent Growth Rate is also relatively low at 0.0663%.
Delray Beach, FL is a popular tourist destination known for its beautiful beaches, vibrant arts scene, and diverse dining options. The city attracts visitors throughout the year, making it a potentially lucrative market for short-term rental investments. Additionally, the 1-year price appreciation forecast of 1.72% suggests that property values in Delray Beach are expected to increase, further enhancing the potential for investment returns.
Based on the metrics provided, Delray Beach, FL appears to be more attractive for short-term rental investments due to the high STR Genie Score and strong performance indicators for this market segment. Investors looking to capitalize on the city's tourism industry and potential for property value appreciation may find success with short-term rental properties in Delray Beach. However, long-term rental investments could also be viable, albeit with slightly lower rentability compared to short-term rentals. Ultimately, a diversified investment strategy that includes both long-term and short-term rental properties could be beneficial for maximizing returns in Delray Beach, FL.
LTR Genie Score 93
$158,000
🛏 2 Beds🛁 2.0000 Baths🏙 900 sqft.🏠 CONDO
15450 Pembridge Avenue #164, Delray Beach, FL 33484
