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Palm Beach County/West Palm Beach/33417

33417

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

56Below average

095130300
BRFMR
Eff. Rent
0 BR$1,950$1,370
1 BR$2,050$1,470
2 BR$2,400$1,810
3 BR$3,120$1,830
4 BR$3,600$1,960
5 BR$4,140Not available
6 BR$4,761Not available
7 BR$5,475Not available
8 BR$6,296Not available

Purchase Price Calculator

Maximum purchase price
$207,049

Cost breakdown

+Likely effective rent$1,810
HUD FMR$2,400
Market rentUsed$1,810
Est. payment standard (90%)$2,160
-Principal and interest-$1,047
Loan amount$165,639
Down payment$41,410
Rate6.50%
Term30 years
-Operating costs-$563
Property taxes-$207
Insurance-$175
Utilities$0
HOA$0
Management-$181
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,055(70.2% ROI)
Projected value
$222,969
Return breakdown
Property appreciation+$15,920
Loan principal paid down+$5,934
Rental cash flow+$7,200
5-year hold
+$49,791(120.2% ROI)
Projected value
$234,257
Return breakdown
Property appreciation+$27,208
Loan principal paid down+$10,583
Rental cash flow+$12,000
10-year hold
+$107,208(258.9% ROI)
Projected value
$265,040
Return breakdown
Property appreciation+$57,991
Loan principal paid down+$25,217
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.42
1 BR
1.39
2 BR
1.33
3 BR
1.70
4 BR
1.84
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33417 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33417 (West Palm Beach, FL) is $2,400 a month. That is up 3.9% from $2,310 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, 33417 has the 32nd-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33417 is 63% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33417
BedroomsFY 2027Change90–110% range
Studio$1,950+6.6%$1,755–$2,145
1BR$2,050+5.1%$1,845–$2,255
2BR$2,400+3.9%$2,160–$2,640
3BR$3,120+4.3%$2,808–$3,432
4BR$3,600+3.7%$3,240–$3,960

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33417
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,950$2,050$2,400$3,120$3,600
FY 2026$1,830$1,950$2,310$2,990$3,470
FY 2025$1,550$1,730$2,070$2,700$3,230
FY 2024$1,430$1,680$2,020$2,670$3,230
FY 2023$1,130$1,380$1,690$2,260$2,760

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33417
33411$2,450+2.1%
33412$2,640+10.0%
33413$2,600+8.3%
33414$2,990+24.6%
33415$2,170−9.6%
33416$2,350−2.1%
33417Current$2,400—
33418$3,020+25.8%
33419$2,350−2.1%
33420$2,350−2.1%
33421$2,350−2.1%
33422$2,350−2.1%

Questions about ZIP 33417 rents

How much will Section 8 pay for a two-bedroom in ZIP 33417?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,400, that basic range is $2,160 to $2,640 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 33417 in?

ZIP 33417 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 33417 for FY 2027?

The two-bedroom FMR rose 3.9%, from $2,310 in FY 2026 to $2,400 in FY 2027. Since FY 2023 it has risen 42.0%.

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