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Palm Beach County/West Palm Beach/33407

33407

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

77Below average

095130300
BRFMR
Eff. Rent
0 BR$1,790$1,970
1 BR$1,890$2,080
2 BR$2,210$2,170
3 BR$2,870$2,420
4 BR$3,310$2,740
5 BR$3,806Not available
6 BR$4,377Not available
7 BR$5,034Not available
8 BR$5,789Not available

Purchase Price Calculator

Maximum purchase price
$260,545

Cost breakdown

+Likely effective rent$2,170
HUD FMR$2,210
Market rentUsed$2,170
Est. payment standard (99%)$2,180
-Principal and interest-$1,317
Loan amount$208,436
Down payment$52,109
Rate6.50%
Term30 years
-Operating costs-$653
Property taxes-$261
Insurance-$175
Utilities$0
HOA$0
Management-$217
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,701(66.6% ROI)
Projected value
$280,578
Return breakdown
Property appreciation+$20,033
Loan principal paid down+$7,468
Rental cash flow+$7,200
5-year hold
+$59,555(114.3% ROI)
Projected value
$294,782
Return breakdown
Property appreciation+$34,238
Loan principal paid down+$13,317
Rental cash flow+$12,000
10-year hold
+$128,707(247.0% ROI)
Projected value
$333,519
Return breakdown
Property appreciation+$72,975
Loan principal paid down+$31,732
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.80
1 BR
0.86
2 BR
1.02
3 BR
1.19
4 BR
1.21
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33407 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33407 (West Palm Beach, FL) is $2,210 a month. That is up 1.8% from $2,170 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, 33407 has the 59th-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33407 is 50% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33407
BedroomsFY 2027Change90–110% range
Studio$1,790+4.1%$1,611–$1,969
1BR$1,890+3.3%$1,701–$2,079
2BR$2,210+1.8%$1,989–$2,431
3BR$2,870+2.1%$2,583–$3,157
4BR$3,310+1.5%$2,979–$3,641

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33407
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,790$1,890$2,210$2,870$3,310
FY 2026$1,720$1,830$2,170$2,810$3,260
FY 2025$1,490$1,670$1,990$2,600$3,110
FY 2024$1,380$1,630$1,960$2,590$3,130
FY 2023$1,100$1,340$1,640$2,190$2,680

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33407
33401$2,300+4.1%
33402$2,350+6.3%
33403$1,900−14.0%
33404$1,850−16.3%
33405$1,930−12.7%
33406$2,170−1.8%
33407Current$2,210—
33408$2,420+9.5%
33409$2,300+4.1%
33410$2,710+22.6%
33411$2,450+10.9%
33412$2,640+19.5%

Questions about ZIP 33407 rents

How much will Section 8 pay for a two-bedroom in ZIP 33407?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,210, that basic range is $1,989 to $2,431 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 33407 in?

ZIP 33407 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 33407 for FY 2027?

The two-bedroom FMR rose 1.8%, from $2,170 in FY 2026 to $2,210 in FY 2027. Since FY 2023 it has risen 34.8%.

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