3,700 Per month annual rent!

101 Plaza Real S, Boca Raton, FL 33432

2 bed/2 bath (2 bed + den also available) apartment available in Boca Raton s nicest mixed-use development, Royal Palm Place. Unit features include granite counters, cherry cabinets, Saturnia flooring, plush carpeting in bedrooms, crown molding, jacuzzi spa/tubs, impact windows, premium Whirlpool appliances, washer/dryer, with available ocean, city and village views. Some units available as 2-story penthouses. Building amenities include on-site concierge, garage parking, on-site storage, 24-hour fitness center, pool & jacuzzi, putting green, climate controlled wine storage, clubhouse with pool table, warming kitchen, lounge including big screen tv, 24 security and business center with computer, fax, copier and conference room.

Nestled within the heart of Boca Raton s vibrant cosmopolitan epicenter, The Residences of Royal Palm Place exudes an unparalleled and enviable signature sense of community and place. Designed and built to accommodate the varying and ever-changing needs of today s most discerning residents, The building boasts more that 39 different floorplans and are within strolling distance of the finest restaurants and outdoor cafes, spas and salons, fashion boutiques, specialty shops, cultural events, museums, resorts and private clubs in Boca Raton.

Pet friendly!

Pet fees:
1 Pets: $400
2 Pets: $600

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To track these net migration patterns by income, Freddie Mac researchers analyzed all accepted loan applications from 2018 to 2022 using Freddie Mac’s Loan Product Advisor^® (LPA) data, segmenting homebuyers into low-income and moderate- and high-income groups​pdf based on whether they earned more or less than 80% of the area median income in the geographic area from which they were applying.¹

Our analysis of the loan application data suggests that migration out from the top 25 largest metro areas increased for the overall population.² However, for low-income homebuyers, net migration away from these largest metros has been more muted. Because they are less likely to relocate, fewer low-income homebuyers are able to take advantage of possible cost savings from moving to a more affordable area.

We caution that the loan application data provides a portfolio view of Freddie Mac’s conventional loans and captures only the intent to move.³

Where Low-Income Loan Homebuyers Are Moving

Migration out of the top 25 largest metro areas accelerated during the pandemic for homebuyers regardless of income. However, our analysis found differences in migration patterns based on the mortgage homebuyers’ income level.

Net Migration by Typology and Income Group

• Net Migration: Top 25 Largest Metros

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Compared to moderate- and high-income mortgage homebuyers:

• Fewer low-income homebuyers moved out of large metro areas. Moreover, their net migration slowed more sharply after many restrictions related to COVID-19 were lifted or relaxed in March 2022.
• Low-income homebuyers were more likely to apply to move into rural areas, and less likely to apply to move to mid-sized metro areas.
• On average, low-income homebuyers applied to move 20%-25% less distance than moderate- and high-income homebuyers.³

Median Distance Moved by Income Group

Pre-pandemic is defined as the period from March 2018 to February 2020; Pandemic as the period from March 2020 to February 2022; and Post Pandemic as the period from March 2022 to September 2022.

Source: Freddie Mac LPA^®

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Will Florida home prices keep rising?
Over the past few years, home prices in Florida have skyrocketed. 

Per Redfin data, in the middle of 2020, the median sale price was $275,600 — by April 2023, that figure had jumped to $400,800. 

The state remains one of the top markets people move to, and its increasing population will likely keep the market robust.

In 2023, experts forecast that the Florida 

 

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Price 1300 Per Months Room for rent in Boca Raton for a girl college student. Share kitchen with 3 other students of FAU.

Share bathroom with 2 other female students of FAU. 

Walking distance to FAU (10 Minutes Walk to Campus)

 

Utilities are shared equally with 4 other tenants occupying this house.

Short Term Rent June and July ONLY

Please call for information

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