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Palm Beach County/West Palm Beach/33405

33405

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

61Below average

095130300
BRFMR
Eff. Rent
0 BR$1,570$1,710
1 BR$1,650$1,820
2 BR$1,930$2,120
3 BR$2,510$2,760
4 BR$2,890$3,180
5 BR$3,323Not available
6 BR$3,822Not available
7 BR$4,395Not available
8 BR$5,055Not available

Purchase Price Calculator

Maximum purchase price
$253,115

Cost breakdown

+Likely effective rent$2,120
HUD FMR$1,930
Market rent$3,020
Est. payment standard (110%)Used$2,120
-Principal and interest-$1,280
Loan amount$202,492
Down payment$50,623
Rate6.50%
Term30 years
-Operating costs-$640
Property taxes-$253
Insurance-$175
Utilities$0
HOA$0
Management-$212
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,917(67.0% ROI)
Projected value
$272,577
Return breakdown
Property appreciation+$19,462
Loan principal paid down+$7,255
Rental cash flow+$7,200
5-year hold
+$58,199(115.0% ROI)
Projected value
$286,376
Return breakdown
Property appreciation+$33,261
Loan principal paid down+$12,937
Rental cash flow+$12,000
10-year hold
+$125,721(248.3% ROI)
Projected value
$324,008
Return breakdown
Property appreciation+$70,893
Loan principal paid down+$30,827
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.88
1 BR
0.65
2 BR
0.64
3 BR
0.49
4 BR
0.43
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33405 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33405 (West Palm Beach, FL) is $1,930 a month. That is up 6.6% from $1,810 in FY 2026. West Palm Beach is in the West Palm Beach-Boca Raton, FL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 74 ZIP codes in Palm Beach County, 33405 has the 67th-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33405 is 31% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33405
BedroomsFY 2027Change90–110% range
Studio$1,570+9.0%$1,413–$1,727
1BR$1,650+7.8%$1,485–$1,815
2BR$1,930+6.6%$1,737–$2,123
3BR$2,510+6.8%$2,259–$2,761
4BR$2,890+6.3%$2,601–$3,179

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33405
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,570$1,650$1,930$2,510$2,890
FY 2026$1,440$1,530$1,810$2,350$2,720
FY 2025$1,330$1,480$1,770$2,310$2,760
FY 2024$1,310$1,540$1,850$2,450$2,960
FY 2023$1,080$1,320$1,610$2,150$2,630

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33405
33401$2,300+19.2%
33402$2,350+21.8%
33403$1,900−1.6%
33404$1,850−4.1%
33405Current$1,930—
33406$2,170+12.4%
33407$2,210+14.5%
33408$2,420+25.4%
33409$2,300+19.2%
33410$2,710+40.4%
33411$2,450+26.9%
33412$2,640+36.8%

Questions about ZIP 33405 rents

How much will Section 8 pay for a two-bedroom in ZIP 33405?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,930, that basic range is $1,737 to $2,123 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 33405 in?

ZIP 33405 is in the West Palm Beach-Boca Raton, FL HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 33405 for FY 2027?

The two-bedroom FMR rose 6.6%, from $1,810 in FY 2026 to $1,930 in FY 2027. Since FY 2023 it has risen 19.9%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentWest Palm Beach, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources