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 | $2,450 |
| 1 Bedroom | $2,580 |
| 2 Bedrooms | $3,020 |
| 3 Bedrooms | $3,920 |
| 4 Bedrooms | $4,530 |
| 5 Bedrooms | $5,255 |
| 6 Bedrooms | $5,886 |
| 7 Bedrooms | $6,357 |
| 8 Bedrooms | $6,675 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $3,020 | $324,314 | 0.93% | C |
| 3BR | $3,920 | $446,357 | 0.88% | C |
| 4BR | $4,530 | $676,530 | 0.67% | D |
| 5BR | $5,255 | $1,003,636 | 0.52% | F |
U.S. Census Bureau data (2024)
ZIP code 33472, located in Boynton Beach, FL, is situated within the broader West Palm Beach-Boca Raton, FL HUD Metro FMR Area. The Fair Market Rent (FMR) for ZIP 33472 in fiscal year 2024 is set at $3,250. This figure represents the maximum amount that a voucher holder can pay towards their monthly rent.
In comparison to the typical ZIP codes within the same metro area, 33472 has a market rent of $2,444, which is lower than the FMR but still indicative of a competitive rental environment. The median home value in 33472 is $457,087, placing it in the mid-tier range when considering the overall housing market within the West Palm Beach-Boca Raton area.
The renter share in ZIP 33472 is 6.6%, which is relatively low compared to other ZIP codes in the area. However, the combination of a slightly higher FMR and a below-median home value suggests that this ZIP could be a favorable location for landlords participating in the Section 8 program. The discrepancy between the FMR and the market rent, along with the modest home values, indicates a potential value pocket where properties might be more affordable while still being eligible for higher voucher payments.
Investors should note that while the renter share is not exceptionally high, the presence of a significant number of voucher holders willing to pay up to $3,250 per month for rent makes 33472 an attractive option. This ZIP code is likely to appeal to those looking for a balance between manageable property costs and the ability to secure tenants through the Section 8 program.
To summarize, ZIP 33472 stands out as a value pocket within the West Palm Beach-Boca Raton metro area due to its below-average home values and slightly above-market FMR rates. It offers a strategic opportunity for landlords and small-portfolio investors who wish to capitalize on the Section 8 program without committing to premium sub-markets where property values are significantly higher.
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.