33442, Deerfield Beach, FL

Deerfield Beach, FL is located in Broward County and has a population of about 103,000 people. The median household income in the zip code is $86,500 which is significantly higher than the national median household income of $59,445. Home prices in Deerfield Beach have been increasing significantly over the past few years and are now among some of the highest in the country.

As of March 2019, there were a total of 9,827 homes for sale in the 33442 zip code. The average list price was $1,039,929 which was up from $898,000 as of March 2018. The median home value was $1,569,000 which was up from $1,349,000 as of March 2018. There were a total of 2 properties sold in the 33442 zip code during the month of March 2019 for an average price of $2 million. This represents an increase from 1 property sold during the same month last year for an average price of $1 million.

The reason why home prices have been increasing so much in Deerfield Beach is likely due to several factors including low interest rates and strong demand from buyers. Additionally, many new developments have been built recently which has also contributed to increased prices. While there may be some risks associated with buying a home at this point in time (e.g., potential market crashes), it appears that overall homeownership opportunities are still very good in Deerfield Beach and prices will continue to rise over time unless there are significant changes in either direction