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Palm Beach County/West Palm Beach/33406

33406

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

88Below average

095130300
BRFMR
Eff. Rent
0 BR$1,760$1,880
1 BR$1,860$1,640
2 BR$2,170$2,190
3 BR$2,820$3,100
4 BR$3,250$3,580
5 BR$3,737Not available
6 BR$4,298Not available
7 BR$4,943Not available
8 BR$5,684Not available

Purchase Price Calculator

Maximum purchase price
$263,517

Cost breakdown

+Likely effective rent$2,190
HUD FMR$2,170
Market rent$2,200
Est. payment standard (101%)Used$2,190
-Principal and interest-$1,332
Loan amount$210,813
Down payment$52,703
Rate6.50%
Term30 years
-Operating costs-$658
Property taxes-$264
Insurance-$175
Utilities$0
HOA$0
Management-$219
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,015(66.4% ROI)
Projected value
$283,779
Return breakdown
Property appreciation+$20,262
Loan principal paid down+$7,553
Rental cash flow+$7,200
5-year hold
+$60,097(114.0% ROI)
Projected value
$298,145
Return breakdown
Property appreciation+$34,628
Loan principal paid down+$13,469
Rental cash flow+$12,000
10-year hold
+$129,901(246.5% ROI)
Projected value
$337,324
Return breakdown
Property appreciation+$73,807
Loan principal paid down+$32,094
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.91
1 BR
1.13
2 BR
0.99
3 BR
0.67
4 BR
0.74
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33406 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33406 (West Palm Beach, FL) is $2,170 a month. That is up 5.3% from $2,060 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, 33406 is tied for the 61st-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33406 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33406
BedroomsFY 2027Change90–110% range
Studio$1,760+8.0%$1,584–$1,936
1BR$1,860+6.9%$1,674–$2,046
2BR$2,170+5.3%$1,953–$2,387
3BR$2,820+5.6%$2,538–$3,102
4BR$3,250+4.8%$2,925–$3,575

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33406
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,760$1,860$2,170$2,820$3,250
FY 2026$1,630$1,740$2,060$2,670$3,100
FY 2025$1,480$1,660$1,980$2,590$3,090
FY 2024$1,430$1,680$2,020$2,670$3,230
FY 2023$1,160$1,410$1,730$2,310$2,830

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33406
33401$2,300+6.0%
33402$2,350+8.3%
33403$1,900−12.4%
33404$1,850−14.7%
33405$1,930−11.1%
33406Current$2,170—
33407$2,210+1.8%
33408$2,420+11.5%
33409$2,300+6.0%
33410$2,710+24.9%
33411$2,450+12.9%
33412$2,640+21.7%

Questions about ZIP 33406 rents

How much will Section 8 pay for a two-bedroom in ZIP 33406?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,170, that basic range is $1,953 to $2,387 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 33406 in?

ZIP 33406 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 33406 for FY 2027?

The two-bedroom FMR rose 5.3%, from $2,060 in FY 2026 to $2,170 in FY 2027. Since FY 2023 it has risen 25.4%.

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