Skip to main content
Loading page
Palm Beach County/Lake Worth/33461

33461

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

83Below average

095130300
BRFMR
Eff. Rent
0 BR$1,800$1,490
1 BR$1,900$1,880
2 BR$2,220$2,230
3 BR$2,880$2,650
4 BR$3,330$2,970
5 BR$3,829Not available
6 BR$4,404Not available
7 BR$5,065Not available
8 BR$5,824Not available

Purchase Price Calculator

Maximum purchase price
$269,461

Cost breakdown

+Likely effective rent$2,230
HUD FMR$2,220
Market rent$2,230
Est. payment standard (100%)Used$2,230
-Principal and interest-$1,363
Loan amount$215,568
Down payment$53,892
Rate6.50%
Term30 years
-Operating costs-$667
Property taxes-$269
Insurance-$175
Utilities$0
HOA$0
Management-$223
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,642(66.1% ROI)
Projected value
$290,180
Return breakdown
Property appreciation+$20,719
Loan principal paid down+$7,723
Rental cash flow+$7,200
5-year hold
+$61,182(113.5% ROI)
Projected value
$304,870
Return breakdown
Property appreciation+$35,409
Loan principal paid down+$13,773
Rental cash flow+$12,000
10-year hold
+$132,290(245.5% ROI)
Projected value
$344,932
Return breakdown
Property appreciation+$75,472
Loan principal paid down+$32,818
Rental cash flow+$24,000

Public Housing Authority

Loading Public Housing Authority

Rolodex

Loading Rolodex

Market Alignment

Studio
1.21
1 BR
1.01
2 BR
1.00
3 BR
1.09
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33461 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33461 (Lake Worth, FL) is $2,220 a month. That is up 2.8% from $2,160 in FY 2026. Lake Worth 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, 33461 has the 58th-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33461 is 51% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33461
BedroomsFY 2027Change90–110% range
Studio$1,800+5.3%$1,620–$1,980
1BR$1,900+4.4%$1,710–$2,090
2BR$2,220+2.8%$1,998–$2,442
3BR$2,880+2.9%$2,592–$3,168
4BR$3,330+2.5%$2,997–$3,663

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33461
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,800$1,900$2,220$2,880$3,330
FY 2026$1,710$1,820$2,160$2,800$3,250
FY 2025$1,480$1,660$1,980$2,590$3,090
FY 2024$1,380$1,630$1,960$2,590$3,130
FY 2023$1,120$1,370$1,670$2,230$2,730

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33461
33454$2,350+5.9%
33458$2,660+19.8%
33460$2,060−7.2%
33461Current$2,220—
33462$2,140−3.6%
33463$2,230+0.5%
33465$2,350+5.9%
33466$2,350+5.9%
33467$2,490+12.2%
33468$2,350+5.9%
33469$2,430+9.5%
33470$3,380+52.3%

Questions about ZIP 33461 rents

How much will Section 8 pay for a two-bedroom in ZIP 33461?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,220, that basic range is $1,998 to $2,442 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 33461 in?

ZIP 33461 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 33461 for FY 2027?

The two-bedroom FMR rose 2.8%, from $2,160 in FY 2026 to $2,220 in FY 2027. Since FY 2023 it has risen 32.9%.

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 rentLake Worth, FL fair market rentFL statewide rentsWhat is SAFMR?Data sources