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Palm Beach County/Boca Raton/33486

33486

ZIPSAFMR
Palm Beach County, FL
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$2,350$1,730
1 BR$2,480$2,250
2 BR$2,900$3,190
3 BR$3,770$4,150
4 BR$4,350$4,790
5 BR$5,003Not available
6 BR$5,753Not available
7 BR$6,616Not available
8 BR$7,608Not available

Purchase Price Calculator

Maximum purchase price
$412,116

Cost breakdown

+Likely effective rent$3,190
HUD FMR$2,900
Market rent$3,750
Est. payment standard (110%)Used$3,190
-Principal and interest-$2,084
Loan amount$329,693
Down payment$82,423
Rate6.50%
Term30 years
-Operating costs-$906
Property taxes-$412
Insurance-$175
Utilities$0
HOA$0
Management-$319
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$50,700(61.5% ROI)
Projected value
$443,804
Return breakdown
Property appreciation+$31,688
Loan principal paid down+$11,812
Rental cash flow+$7,200
5-year hold
+$87,220(105.8% ROI)
Projected value
$466,272
Return breakdown
Property appreciation+$54,155
Loan principal paid down+$21,064
Rental cash flow+$12,000
10-year hold
+$189,619(230.1% ROI)
Projected value
$527,544
Return breakdown
Property appreciation+$115,427
Loan principal paid down+$50,192
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.36
1 BR
1.10
2 BR
0.77
3 BR
0.84
4 BR
0.69
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 33486 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 33486 (Boca Raton, FL) is $2,900 a month. That is up 1.8% from $2,850 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, 33486 has the 13th-highest two-bedroom rent (county range $1,080–$3,520). The median county two-bedroom FMR in Florida is $1,474, so ZIP 33486 is 97% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 33486
BedroomsFY 2027Change90–110% range
Studio$2,350+4.0%$2,115–$2,585
1BR$2,480+3.3%$2,232–$2,728
2BR$2,900+1.8%$2,610–$3,190
3BR$3,770+2.2%$3,393–$4,147
4BR$4,350+1.6%$3,915–$4,785

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 33486
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,350$2,480$2,900$3,770$4,350
FY 2026$2,260$2,400$2,850$3,690$4,280
FY 2025$2,050$2,290$2,740$3,580$4,280
FY 2024$1,910$2,250$2,710$3,580$4,330
FY 2023$1,440$1,770$2,160$2,890$3,530

Two-bedroom rent in nearby Palm Beach County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 33486
33476$1,280−55.9%
33477$3,260+12.4%
33478$2,610−10.0%
33480$2,570−11.4%
33481$2,350−19.0%
33482$2,350−19.0%
33483$3,100+6.9%
33484$2,350−19.0%
33486Current$2,900—
33487$3,070+5.9%
33488$2,350−19.0%
33493$1,410−51.4%

Questions about ZIP 33486 rents

How much will Section 8 pay for a two-bedroom in ZIP 33486?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,900, that basic range is $2,610 to $3,190 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 33486 in?

ZIP 33486 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 33486 for FY 2027?

The two-bedroom FMR rose 1.8%, from $2,850 in FY 2026 to $2,900 in FY 2027. Since FY 2023 it has risen 34.3%.

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