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Palm Beach County/West Palm Beach/33415

33415

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$1,760$1,670
1 BR$1,860$1,980
2 BR$2,170$2,390
3 BR$2,820$2,760
4 BR$3,250$3,090
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
$293,237

Cost breakdown

+Likely effective rent$2,390
HUD FMR$2,170
Market rent$2,640
Est. payment standard (110%)Used$2,390
-Principal and interest-$1,483
Loan amount$234,589
Down payment$58,647
Rate6.50%
Term30 years
-Operating costs-$707
Property taxes-$293
Insurance-$175
Utilities$0
HOA$0
Management-$239
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,152(65.1% ROI)
Projected value
$315,784
Return breakdown
Property appreciation+$22,547
Loan principal paid down+$8,405
Rental cash flow+$7,200
5-year hold
+$65,522(111.7% ROI)
Projected value
$331,770
Return breakdown
Property appreciation+$38,534
Loan principal paid down+$14,988
Rental cash flow+$12,000
10-year hold
+$141,845(241.9% ROI)
Projected value
$375,368
Return breakdown
Property appreciation+$82,131
Loan principal paid down+$35,714
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.05
1 BR
0.91
2 BR
0.82
3 BR
1.02
4 BR
1.05
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33415 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33415 (West Palm Beach, FL) is $2,170 a month. That is up 1.9% from $2,130 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, 33415 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 33415 is 47% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33415
BedroomsFY 2027Change90–110% range
Studio$1,760+4.1%$1,584–$1,936
1BR$1,860+3.3%$1,674–$2,046
2BR$2,170+1.9%$1,953–$2,387
3BR$2,820+2.2%$2,538–$3,102
4BR$3,250+1.6%$2,925–$3,575

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33415
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,760$1,860$2,170$2,820$3,250
FY 2026$1,690$1,800$2,130$2,760$3,200
FY 2025$1,450$1,620$1,940$2,530$3,030
FY 2024$1,360$1,600$1,930$2,550$3,080
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. 33415
33409$2,300+6.0%
33410$2,710+24.9%
33411$2,450+12.9%
33412$2,640+21.7%
33413$2,600+19.8%
33414$2,990+37.8%
33415Current$2,170—
33416$2,350+8.3%
33417$2,400+10.6%
33418$3,020+39.2%
33419$2,350+8.3%
33420$2,350+8.3%

Questions about ZIP 33415 rents

How much will Section 8 pay for a two-bedroom in ZIP 33415?

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 33415 in?

ZIP 33415 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 33415 for FY 2027?

The two-bedroom FMR rose 1.9%, from $2,130 in FY 2026 to $2,170 in FY 2027. Since FY 2023 it has risen 32.3%.

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