Skip to main content
Loading page
Palm Beach County/Boca Raton/33434

33434

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$1,600$1,370
1 BR$1,680$1,480
2 BR$1,970$2,170
3 BR$2,560$2,610
4 BR$2,950$3,250
5 BR$3,392Not available
6 BR$3,901Not available
7 BR$4,487Not available
8 BR$5,160Not available

Purchase Price Calculator

Maximum purchase price
$260,545

Cost breakdown

+Likely effective rent$2,170
HUD FMR$1,970
Market rent$2,750
Est. payment standard (110%)Used$2,170
-Principal and interest-$1,317
Loan amount$208,436
Down payment$52,109
Rate6.50%
Term30 years
-Operating costs-$653
Property taxes-$261
Insurance-$175
Utilities$0
HOA$0
Management-$217
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$34,701(66.6% ROI)
Projected value
$280,578
Return breakdown
Property appreciation+$20,033
Loan principal paid down+$7,468
Rental cash flow+$7,200
5-year hold
+$59,555(114.3% ROI)
Projected value
$294,782
Return breakdown
Property appreciation+$34,238
Loan principal paid down+$13,317
Rental cash flow+$12,000
10-year hold
+$128,707(247.0% ROI)
Projected value
$333,519
Return breakdown
Property appreciation+$72,975
Loan principal paid down+$31,732
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.17
1 BR
1.14
2 BR
0.72
3 BR
0.97
4 BR
0.24
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33434 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33434 (Boca Raton, FL) is $1,970 a month. That is up 3.1% from $1,910 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, 33434 has the 66th-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33434 is 34% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33434
BedroomsFY 2027Change90–110% range
Studio$1,600+6.0%$1,440–$1,760
1BR$1,680+4.3%$1,512–$1,848
2BR$1,970+3.1%$1,773–$2,167
3BR$2,560+3.6%$2,304–$2,816
4BR$2,950+2.8%$2,655–$3,245

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33434
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,600$1,680$1,970$2,560$2,950
FY 2026$1,510$1,610$1,910$2,470$2,870
FY 2025$1,390$1,550$1,850$2,420$2,890
FY 2024$1,310$1,550$1,860$2,460$2,970
FY 2023$1,040$1,270$1,550$2,070$2,530

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33434
33428$3,020+53.3%
33429$2,350+19.3%
33430$1,100−44.2%
33431$3,140+59.4%
33432$3,200+62.4%
33433$2,880+46.2%
33434Current$1,970—
33435$2,520+27.9%
33436$2,430+23.4%
33437$2,510+27.4%
33438$1,670−15.2%
33440$1,080−45.2%

Questions about ZIP 33434 rents

How much will Section 8 pay for a two-bedroom in ZIP 33434?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $1,970, that basic range is $1,773 to $2,167 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 33434 in?

ZIP 33434 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 33434 for FY 2027?

The two-bedroom FMR rose 3.1%, from $1,910 in FY 2026 to $1,970 in FY 2027. Since FY 2023 it has risen 27.1%.

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