Location: West Palm Beach-Boca Raton, FL | Metro: West Palm Beach-Boca Raton, FL HUD Metro FMR Area
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,990 |
| 1 Bedroom | $2,090 |
| 2 Bedrooms | $2,450 |
| 3 Bedrooms | $3,180 |
| 4 Bedrooms | $3,670 |
| 5 Bedrooms | $4,257 |
| 6 Bedrooms | $4,768 |
| 7 Bedrooms | $5,149 |
| 8 Bedrooms | $5,406 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,090 | $107,132 | 1.95% | A+ |
| 2BR | $2,450 | $205,565 | 1.19% | B |
| 3BR | $3,180 | $481,239 | 0.66% | D |
| 4BR | $3,670 | $636,074 | 0.58% | F |
| 5BR | $4,257 | $770,178 | 0.55% | F |
U.S. Census Bureau data (2024)
ZIP code 33411 covers a primarily residential swath of Palm Beach County, including unincorporated areas near Royal Palm Beach and The Acreage. The neighborhood is characterized by a blend of suburban residential communities and commercial developments, offering a quieter alternative to the coastal high-rises while maintaining accessibility to retail and services. While the immediate area is largely bedroom communities, the broader West Palm Beach economy anchors the tenant pool, with major regional employers like Palm Beach Atlantic University and the Palm Beach County School District providing stable employment bases within a reasonable commuting distance.
From a financial perspective, investors must navigate a tight spread between government subsidies and market rates. The FY2026 HUD Fair Market Rent (FMR) for a two-bedroom unit is set at $2,360, slightly outpacing the current Zillow Observed Rent Index (ZORI) of $2,215 by a margin of $145. However, the ZIP-level HUD Small Area FMR (SAFMR) sits notably lower at $2,170. With median home values hovering at $465,668 and a median 2BR sale price of $209,254, acquisition costs are substantial, further complicated by a sluggish turnover rate where properties sit on the market for a median of 100 days.
Despite the high median household income of $92,591, the renter share is only 20.5%, suggesting a market dominated by owner-occupants rather than renters. This dynamic implies that voucher holders face less competition for available units, but landlords also have fewer properties to choose from. The neighborhood appeals to families due to its available land and community focus, though investors should verify specific school ratings to ensure the unit meets the preference of voucher families seeking stability.
The Section 8 verdict for 33411 leans toward stability and appreciation rather than immediate high-yield cash flow. The $145 gap between the standard FMR and market rent is slim, and the lower SAFMR ($2,170) actually trails the market, potentially requiring rent concessions for voucher holders in certain jurisdictions. However, the high median income and low renter density indicate a neighborhood that will likely maintain property values, making this a solid play for long-term equity growth rather than aggressive monthly yield.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.