Boca Raton 4plexes: Your Guide to Buying a 4plex in Boca Raton
Four units, one owner, three rents: that is the house hack this page applies to Boca Raton. Before any property tour in Boca Raton, it helps to know that Boca Raton counts about 101,582 residents, that households in Boca Raton earn a median of $121,629, and that the typical home value in Boca Raton is $580,267. What follows uses those three Boca Raton facts to explain the purchase, the loans, and the landlord life that comes with owning in Boca Raton.
Boca Raton by the numbers
The three numbers that open the table below — about 101,582 residents in Boca Raton, median household income of $121,629 in Boca Raton, and a typical home value of $580,267 in Boca Raton — describe the housing market of Boca Raton in miniature. A fourplex buyer in Boca Raton should treat those Boca Raton figures as context for individual properties in Boca Raton, not as substitutes for a specific building's rents and expenses in Boca Raton.
| Measure | Boca Raton | Tallahassee (state capital) |
|---|---|---|
| Population, July 1, 2025 (Census Vintage 2025) | 101,582 | 204,902 |
| Median household income (ACS 2024 1-year, B19013) | $121,629 | $56,511 |
| Households earning under $50,000 | 23.1% | 46.3% |
| Households earning $50,000 to $99,999 | 19.4% | 27.0% |
| Households earning $100,000 to $199,999 | 24.5% | 20.0% |
| Households earning $200,000 or more | 33.0% | 6.7% |
| Median gross rent (ACS 2024 1-year, B25064) | $2,690 a month | $1,369 a month |
| Median earnings, workers 16+ (ACS 2024 1-year, B20017) | $51,935 | $30,577 |
| Typical home value (Zillow ZHVI, September 2026) | $580,267 | $291,188 |
Value relative to income is the buyer-side story in Boca Raton: the typical home value in Boca Raton of $580,267 is 4.8 times the median household income in Boca Raton of $121,629. Higher multiples in Boca Raton mean buyers in Boca Raton lean harder on financing and on rental income to make a purchase in Boca Raton work; lower multiples in Boca Raton leave more room for the numbers in Boca Raton to pencil out.
Financing a Boca Raton fourplex
Loan choice changes the cash you need at closing in Boca Raton and the monthly payment you carry in Boca Raton. An FHA loan in Boca Raton at 3.5% down, a conventional loan in Boca Raton at 5% down on a 2-4 unit home, or a VA loan in Boca Raton with typically no down payment for eligible veterans each produce a different payment on the same building in Boca Raton. Compare them on the Loan Types page before you decide which route fits your savings and your income for a Boca Raton purchase.
In Boca Raton, a buyer-occupant in Boca Raton is choosing mainly among FHA at 3.5% down in Boca Raton, conventional at 5% down in Boca Raton, VA with typically no down payment for eligible veterans in Boca Raton, and the two income-capped GSE programs for Boca Raton, HomeReady and Home Possible, at 5% down in Boca Raton.
Two things to rule out for any Boca Raton fourplex before you budget around them: USDA, which is single-family only and does not cover fourplexes in Boca Raton, and any down payment assistance program that requires a one-unit residence in Boca Raton. The one-unit limit shows up in many assistance programs, so verify the property rules for Boca Raton first.
A buyer in Boca Raton at the top of the income scale in Boca Raton should skip straight to the uncapped programs for Boca Raton. With 33.0% of households in Boca Raton at $200,000 or more, the 80%-of-area-median-income caps on HomeReady and Home Possible for Boca Raton will exclude many local buyers in Boca Raton, leaving FHA at 3.5% down in Boca Raton, conventional at 5% down in Boca Raton, and VA with typically no down payment for eligible veterans in Boca Raton as the routes compared on the Loan Types page for Boca Raton.
Start with the Loan Types page for the full comparison for a Boca Raton purchase, then confirm your situation with a lender.
Living in Boca Raton
Above: The porte-cochere entrance of the Boca Raton Resort in Boca Raton, Florida. in Boca Raton. For a buyer in Boca Raton, the photo is a reminder that a fourplex in Boca Raton is not just a spreadsheet — it sits in a real neighborhood in Boca Raton, where about 101,582 people in Boca Raton live, work, and rent.
An owner-occupant in Boca Raton wears two hats in Boca Raton: neighbor in Boca Raton and landlord in Boca Raton. The neighbor hat in Boca Raton means keeping shared spaces in Boca Raton decent and responding in Boca Raton when something breaks; the landlord hat in Boca Raton means collecting three rents in Boca Raton on time and keeping records clean in Boca Raton. With about 101,582 residents in Boca Raton, the tenant pool in Boca Raton is deep enough to replace a vacancy in Boca Raton — but keeping a good tenant in Boca Raton is still cheaper than finding a new one in Boca Raton.
Sources: U.S. Census Bureau, American Community Survey 2024 1-year estimates (tables B19001, B19013, B25064, B20017); Census Vintage 2025 population estimates, July 1, 2025; Zillow Research ZHVI, September 2026. Typical home value is the Zillow ZHVI modeled typical value, not a median sale price.