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Palm Beach County/North Palm Beach/33408

33408

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

43Below average

095130300
BRFMR
Eff. Rent
0 BR$1,970$1,990
1 BR$2,070$2,280
2 BR$2,420$2,660
3 BR$3,140$3,450
4 BR$3,630$3,990
5 BR$4,175Not available
6 BR$4,801Not available
7 BR$5,521Not available
8 BR$6,349Not available

Purchase Price Calculator

Maximum purchase price
$333,358

Cost breakdown

+Likely effective rent$2,660
HUD FMR$2,420
Market rent$2,900
Est. payment standard (110%)Used$2,660
-Principal and interest-$1,686
Loan amount$266,687
Down payment$66,672
Rate6.50%
Term30 years
-Operating costs-$774
Property taxes-$333
Insurance-$175
Utilities$0
HOA$0
Management-$266
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$42,387(63.6% ROI)
Projected value
$358,991
Return breakdown
Property appreciation+$25,632
Loan principal paid down+$9,555
Rental cash flow+$7,200
5-year hold
+$72,845(109.3% ROI)
Projected value
$377,164
Return breakdown
Property appreciation+$43,806
Loan principal paid down+$17,039
Rental cash flow+$12,000
10-year hold
+$157,969(236.9% ROI)
Projected value
$426,727
Return breakdown
Property appreciation+$93,369
Loan principal paid down+$40,600
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.98
1 BR
0.76
2 BR
0.83
3 BR
0.69
4 BR
0.59
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33408 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33408 (North Palm Beach, FL) is $2,420 a month. That is up 5.7% from $2,290 in FY 2026. North 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, 33408 has the 31st-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33408 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33408
BedroomsFY 2027Change90–110% range
Studio$1,970+8.2%$1,773–$2,167
1BR$2,070+7.3%$1,863–$2,277
2BR$2,420+5.7%$2,178–$2,662
3BR$3,140+5.7%$2,826–$3,454
4BR$3,630+5.5%$3,267–$3,993

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33408
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,970$2,070$2,420$3,140$3,630
FY 2026$1,820$1,930$2,290$2,970$3,440
FY 2025$1,630$1,820$2,170$2,830$3,390
FY 2024$1,550$1,820$2,190$2,890$3,500
FY 2023$1,240$1,510$1,850$2,470$3,020

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33408
33402$2,350−2.9%
33403$1,900−21.5%
33404$1,850−23.6%
33405$1,930−20.2%
33406$2,170−10.3%
33407$2,210−8.7%
33408Current$2,420—
33409$2,300−5.0%
33410$2,710+12.0%
33411$2,450+1.2%
33412$2,640+9.1%
33413$2,600+7.4%

Questions about ZIP 33408 rents

How much will Section 8 pay for a two-bedroom in ZIP 33408?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,420, that basic range is $2,178 to $2,662 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 33408 in?

ZIP 33408 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 33408 for FY 2027?

The two-bedroom FMR rose 5.7%, from $2,290 in FY 2026 to $2,420 in FY 2027. Since FY 2023 it has risen 30.8%.

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