Hillsboro Beach, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Hillsboro Beach, Florida rental market.
Hillsboro Beach, Florida
Average Apartment Rent
$2,999
Y-o-Y Change in Average
Apartment Rent
-0.1%
As of July 2024
Compared to a year ago, Hillsboro Beach, Florida apartments have recorded a -0.1% rent decrease.
Hillsboro Beach, Florida |Average apartment rent trend
Hillsboro Beach, Florida| Average apartment rent
Hillsboro Beach, Florida | Housing tenure**
Renters take up 16% of Hillsboro Beach, Florida real estate, occupying a total of 205 units, while homeowners live in 1,068 properties.
Median number of rooms of renter-occupied housing units**
4.2
Renter median household income**
$78,250
Average household size of renter-occupied housing units**
1.61
Rental vacancy rate**
14.7%
Hillsboro Beach, Florida | Renter-occupied housing units by no. of bedrooms**
There are 184 rentals in Hillsboro Beach, Florida with 2 beds making up the highest share of the market, at 90%. Units with No bedrooms, on the other hand, hold the lowest percentage (3%), amounting to 7 units. Overall, the median number of rooms in Hillsboro Beach, Florida homes for rent is 4.2.
Hillsboro Beach, Florida |Renter-occupied units by age of householder**
Most condos for rent in Hillsboro Beach, Florida are occupied by residents in the 60 - 64 years age group (27%), followed by those in the 45 - 54 years age group (25%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 8%.
Hillsboro Beach, Florida | Renter-occupied housing units by family type**
Hillsboro Beach, Florida | Renter-occupied housing units by the presence of own children**
Hillsboro Beach, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 47% of the rental market. In contrast, residents with less than a high school degree reside in 0% of the homes for rent in Hillsboro Beach, Florida.
Hillsboro Beach, Florida | Renter-occupied units by year structure built**
The highest share of Hillsboro Beach, Florida apartment rentals, namely 50% or 103 units, were Built 1970 - 1979, followed by those Built 1960 - 1969 (18%, 37 units), and the ones Built 1980 - 1989 (14%, 29 units).
Hillsboro Beach, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2019
Most Hillsboro Beach, Florida renters (45%) moved in 2018 to 2020, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Hillsboro Beach, Florida condos for rent is 2019.
Hillsboro Beach, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 83% of Hillsboro Beach, Florida renters have 1 vehicle available per household, 15% of them have 2 or more vehicles available, and 2% have No vehicle available.
Hillsboro Beach, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Hillsboro Beach, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Hillsboro Beach, Florida | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Hillsboro Beach, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates