Location: West Palm Beach-Boca Raton, FL | Metro: Fort Lauderdale, 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 | $2,600 |
| 1 Bedroom | $2,740 |
| 2 Bedrooms | $3,200 |
| 3 Bedrooms | $4,160 |
| 4 Bedrooms | $4,800 |
| 5 Bedrooms | $5,568 |
| 6 Bedrooms | $6,236 |
| 7 Bedrooms | $6,735 |
| 8 Bedrooms | $7,072 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $2,740 | $260,965 | 1.05% | B |
| 2BR | $3,200 | $601,270 | 0.53% | F |
| 3BR | $4,160 | $1,791,733 | 0.23% | F |
| 4BR | $4,800 | $3,396,439 | 0.14% | F |
| 5BR | $5,568 | $6,207,476 | 0.09% | F |
U.S. Census Bureau data (2024)
Boca Raton, located in ZIP code 33432, is a desirable suburban city known for its affluent neighborhoods, golf courses, and proximity to beaches. This area presents a unique opportunity for real estate investors due to its blend of high-income residents and a significant rental market.
Given these data points, Boca Raton presents a favorable investment climate for landlords and small-portfolio investors. The gap between the FMR and actual market rents suggests potential for competitive returns on investment. A significant portion of the population renting homes signals ongoing demand for rental properties, while the quick sales pace indicated by the DOM metric shows that the market is active and responsive. Coupled with the high median income, this makes ZIP 33432 an attractive location for real estate investments.
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.