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Palm Beach County/West Palm Beach/33409

33409

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

96Above average

095130300
BRFMR
Eff. Rent
0 BR$1,870$1,740
1 BR$1,970$1,680
2 BR$2,300$2,020
3 BR$2,990$3,150
4 BR$3,450$3,480
5 BR$3,967Not available
6 BR$4,563Not available
7 BR$5,247Not available
8 BR$6,034Not available

Purchase Price Calculator

Maximum purchase price
$238,255

Cost breakdown

+Likely effective rent$2,020
HUD FMR$2,300
Market rentUsed$2,020
Est. payment standard (92%)$2,120
-Principal and interest-$1,205
Loan amount$190,604
Down payment$47,651
Rate6.50%
Term30 years
-Operating costs-$615
Property taxes-$238
Insurance-$175
Utilities$0
HOA$0
Management-$202
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$32,348(67.9% ROI)
Projected value
$256,574
Return breakdown
Property appreciation+$18,320
Loan principal paid down+$6,829
Rental cash flow+$7,200
5-year hold
+$55,486(116.4% ROI)
Projected value
$269,563
Return breakdown
Property appreciation+$31,309
Loan principal paid down+$12,178
Rental cash flow+$12,000
10-year hold
+$119,749(251.3% ROI)
Projected value
$304,986
Return breakdown
Property appreciation+$66,731
Loan principal paid down+$29,017
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.07
1 BR
1.17
2 BR
1.14
3 BR
0.93
4 BR
0.99
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33409 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33409 (West Palm Beach, FL) is $2,300 a month. That is up 0.9% from $2,280 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, 33409 is tied for the 54th-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33409 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33409
BedroomsFY 2027Change90–110% range
Studio$1,870+3.3%$1,683–$2,057
1BR$1,970+2.6%$1,773–$2,167
2BR$2,300+0.9%$2,070–$2,530
3BR$2,990+1.4%$2,691–$3,289
4BR$3,450+0.6%$3,105–$3,795

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33409
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,870$1,970$2,300$2,990$3,450
FY 2026$1,810$1,920$2,280$2,950$3,430
FY 2025$1,580$1,770$2,110$2,760$3,290
FY 2024$1,480$1,740$2,090$2,760$3,340
FY 2023$1,200$1,470$1,800$2,410$2,940

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33409
33403$1,900−17.4%
33404$1,850−19.6%
33405$1,930−16.1%
33406$2,170−5.7%
33407$2,210−3.9%
33408$2,420+5.2%
33409Current$2,300—
33410$2,710+17.8%
33411$2,450+6.5%
33412$2,640+14.8%
33413$2,600+13.0%
33414$2,990+30.0%

Questions about ZIP 33409 rents

How much will Section 8 pay for a two-bedroom in ZIP 33409?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,300, that basic range is $2,070 to $2,530 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 33409 in?

ZIP 33409 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 33409 for FY 2027?

The two-bedroom FMR rose 0.9%, from $2,280 in FY 2026 to $2,300 in FY 2027. Since FY 2023 it has risen 27.8%.

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