Delray Beach, FL

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  • Performance
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Key Performance Metrics

Market snapshot

Performance indicators for the Delray Beach short-term rental market based on reliable data.

Listings

688 / 1274

Reliable / Active

Cap Rate

13%

Middle-Earners Gross Yield

Revenue

$45,379

Middle-Earners Revenue

Occupancy

72%

Middle-Earners Occupancy

Home Value

$340,609

Median Home Sale Price

Top Earners

$101,095

Top-Earners Revenue

Delray Beach

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Delray Beach.

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B

Generally Investor friendly

Delray Beach Regulations

STRs are allowed citywide with no city vacation-rental permit (eliminated 10/1/23), but operators must secure a state DBPR license (~$150–$300, annual), file Florida sales tax (6%) and county TDT (5%) monthly, and obtain county and city business tax receipts. The cap of 3 unrelated occupants per unit in residential areas and direct host responsibility for county TDT add operational complexity, yet compliance is clear and the overall burden remains manageable.

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About Delray Beach

Delray Beach is a coastal city in Palm Beach County, Florida, home to roughly 68,000 residents. Set along the Atlantic between West Palm Beach and Fort Lauderdale, it has built a reputation as one of South Florida's most walkable and culturally active small cities, drawing visitors with its lively downtown, sandy shoreline, and easygoing beach-town atmosphere. Located about 50 miles north of Miami and roughly 15 miles south of West Palm Beach, it serves as a relaxed base for exploring both the broader Palm Beach coastline and the attractions of the greater South Florida region.

The heart of the city is Atlantic Avenue, a palm-lined corridor of independent boutiques, outdoor cafés, galleries, and bars that has become one of the most photographed downtowns in Florida. Stretching roughly two miles from the Intracoastal Waterway to the beach, it functions as both a daytime shopping district and an evening entertainment hub, with frequent street festivals and a long-running weekend farmers market. The walkability of the surrounding neighborhoods, including the art-focused Pineapple Grove district just north of the avenue, makes downtown a self-contained destination for short-term visitors.

A short drive west of downtown leads to the Morikami Museum and Japanese Gardens, located about ten minutes from the city center. The museum is dedicated to living Japanese culture in the United States, housing rotating exhibits, a pan-Asian tea café, and six carefully composed gardens set around a central lake. The grounds, which include a reconstructed early-twentieth-century rice field and a bamboo grove, draw both cultural travelers and casual visitors looking for a quiet afternoon.

For nature-oriented visitors, the Wakodahatchee Wetlands, a free public site maintained by Palm Beach County, sits about ten minutes west of downtown. Three miles of elevated boardwalk wind through constructed marshes where herons, alligators, wood storks, and roseate spoonbills can be observed year-round, making it a popular stop for birders and photographers. A short additional drive south brings visitors to the sister site at Green Cay Wetlands, which offers a comparable experience along a separate loop.

Downtown's other cultural anchor is Old School Square, a cluster of restored 1920s school buildings that now houses a performing-arts theater, a visual-arts museum, and an outdoor pavilion hosting concerts and community events. Together with the surrounding galleries and the nearby Cornell Art Museum, it gives the city a denser arts scene than its size would suggest, and helps sustain visitor interest beyond the beach itself.

Delray Beach combines the ingredients that make South Florida a perennial short-term-rental market: a desirable Atlantic shoreline, a walkable and entertainment-rich downtown, easy access to two international airports within roughly an hour's drive, and a steady calendar of festivals and events. The mix of beach-town leisure, cultural attractions, and proximity to both West Palm Beach and Miami gives the city broad appeal to couples, families, and seasonal travelers alike, supporting demand for rentals across a wide range of price points and stay lengths.

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