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Palm Beach County/Boca Raton/33433

33433

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

93Below average

095130300
BRFMR
Eff. Rent
0 BR$2,340$1,930
1 BR$2,460$2,080
2 BR$2,880$2,600
3 BR$3,740$3,800
4 BR$4,320$4,520
5 BR$4,968Not available
6 BR$5,713Not available
7 BR$6,570Not available
8 BR$7,556Not available

Purchase Price Calculator

Maximum purchase price
$324,442

Cost breakdown

+Likely effective rent$2,600
HUD FMR$2,880
Market rentUsed$2,600
Est. payment standard (94%)$2,700
-Principal and interest-$1,641
Loan amount$259,554
Down payment$64,888
Rate6.50%
Term30 years
-Operating costs-$759
Property taxes-$324
Insurance-$175
Utilities$0
HOA$0
Management-$260
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$41,446(63.9% ROI)
Projected value
$349,389
Return breakdown
Property appreciation+$24,947
Loan principal paid down+$9,299
Rental cash flow+$7,200
5-year hold
+$71,217(109.8% ROI)
Projected value
$367,077
Return breakdown
Property appreciation+$42,634
Loan principal paid down+$16,583
Rental cash flow+$12,000
10-year hold
+$154,385(237.9% ROI)
Projected value
$415,314
Return breakdown
Property appreciation+$90,871
Loan principal paid down+$39,514
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.21
1 BR
1.18
2 BR
1.11
3 BR
0.98
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 33433 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33433 (Boca Raton, FL) is $2,880 a month. That is down 5.6% from $3,050 in FY 2026. Boca Raton 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, 33433 has the 14th-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33433 is 95% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33433
BedroomsFY 2027Change90–110% range
Studio$2,340−3.3%$2,106–$2,574
1BR$2,460−4.3%$2,214–$2,706
2BR$2,880−5.6%$2,592–$3,168
3BR$3,740−5.3%$3,366–$4,114
4BR$4,320−5.7%$3,888–$4,752

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33433
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,340$2,460$2,880$3,740$4,320
FY 2026$2,420$2,570$3,050$3,950$4,580
FY 2025$2,060$2,300$2,750$3,590$4,290
FY 2024$1,950$2,290$2,760$3,650$4,410
FY 2023$1,600$1,950$2,390$3,190$3,910

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33433
33427$2,350−18.4%
33428$3,020+4.9%
33429$2,350−18.4%
33430$1,100−61.8%
33431$3,140+9.0%
33432$3,200+11.1%
33433Current$2,880—
33434$1,970−31.6%
33435$2,520−12.5%
33436$2,430−15.6%
33437$2,510−12.8%
33438$1,670−42.0%

Questions about ZIP 33433 rents

How much will Section 8 pay for a two-bedroom in ZIP 33433?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,880, that basic range is $2,592 to $3,168 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 33433 in?

ZIP 33433 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 33433 for FY 2027?

The two-bedroom FMR fell 5.6%, from $3,050 in FY 2026 to $2,880 in FY 2027. Since FY 2023 it has risen 20.5%.

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