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Broward County/Boca Raton/33432

33432

ZIPSAFMR
Broward County, FL
Zillow

ZIP Investment Score

27Below average

095130300
BRFMR
Eff. Rent
0 BR$2,600$2,490
1 BR$2,740$3,010
2 BR$3,200$3,440
3 BR$4,160$4,430
4 BR$4,800$5,010
5 BR$5,520Not available
6 BR$6,348Not available
7 BR$7,300Not available
8 BR$8,395Not available

Purchase Price Calculator

Maximum purchase price
$449,266

Cost breakdown

+Likely effective rent$3,440
HUD FMR$3,200
Market rent$3,570
Est. payment standard (108%)Used$3,440
-Principal and interest-$2,272
Loan amount$359,413
Down payment$89,853
Rate6.50%
Term30 years
-Operating costs-$968
Property taxes-$449
Insurance-$175
Utilities$0
HOA$0
Management-$344
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$54,621(60.8% ROI)
Projected value
$483,810
Return breakdown
Property appreciation+$34,544
Loan principal paid down+$12,877
Rental cash flow+$7,200
5-year hold
+$94,000(104.6% ROI)
Projected value
$508,303
Return breakdown
Property appreciation+$59,037
Loan principal paid down+$22,963
Rental cash flow+$12,000
10-year hold
+$204,549(227.6% ROI)
Projected value
$575,099
Return breakdown
Property appreciation+$125,832
Loan principal paid down+$54,717
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.04
1 BR
0.83
2 BR
0.90
3 BR
0.91
4 BR
0.94
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33432 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33432 (Boca Raton, FL) is $3,200 a month. That is up 4.9% from $3,050 in FY 2026. Boca Raton is in the Fort Lauderdale, FL HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 87 ZIP codes in Broward County, 33432 is tied for the 6th-highest two-bedroom rent (county range $1,780–$3,480). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33432 is 117% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33432
BedroomsFY 2027Change90–110% range
Studio$2,600+7.4%$2,340–$2,860
1BR$2,740+6.6%$2,466–$3,014
2BR$3,200+4.9%$2,880–$3,520
3BR$4,160+5.3%$3,744–$4,576
4BR$4,800+4.8%$4,320–$5,280

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33432
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,600$2,740$3,200$4,160$4,800
FY 2026$2,420$2,570$3,050$3,950$4,580
FY 2025$2,050$2,290$2,740$3,580$4,280
FY 2024$1,910$2,250$2,700$3,570$4,310
FY 2023$1,530$1,870$2,290$3,060$3,740

Two-bedroom rent in nearby Broward County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33432
33345$2,320−27.5%
33346$2,320−27.5%
33348$2,320−27.5%
33351$2,440−23.7%
33355$2,320−27.5%
33359$2,320−27.5%
33388$2,320−27.5%
33394$2,320−27.5%
33432Current$3,200—
33441$2,020−36.9%
33442$2,480−22.5%
33443$2,320−27.5%

Questions about ZIP 33432 rents

How much will Section 8 pay for a two-bedroom in ZIP 33432?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,200, that basic range is $2,880 to $3,520 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 33432 in?

ZIP 33432 is in the Fort Lauderdale, 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 33432 for FY 2027?

The two-bedroom FMR rose 4.9%, from $3,050 in FY 2026 to $3,200 in FY 2027. Since FY 2023 it has risen 39.7%.

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 rentBoca Raton, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources