Location: West Palm Beach-Boca Raton, FL | Metro: West Palm Beach-Boca Raton, FL HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,910 |
| 1 Bedroom | $2,010 |
| 2 Bedrooms | $2,350 |
| 3 Bedrooms | $3,050 |
| 4 Bedrooms | $3,520 |
| 5 Bedrooms | $4,083 |
| 6 Bedrooms | $4,573 |
| 7 Bedrooms | $4,939 |
| 8 Bedrooms | $5,186 |
The ZIP code 33474, located in the West Palm Beach-Boca Raton, FL HUD Metro FMR Area, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for FY 2024 is set at $2230, which provides a clear benchmark for rental income.
Given the lack of specific market and median home value data, we must rely on the FMR figure to guide investment decisions. Properties in this area that can be rented out for close to or slightly above the FMR of $2230 will provide a steady, predictable source of income. This is particularly valuable for landlords and small-portfolio investors who seek reliable cash flow rather than speculative gains.
While the exact percentage of price-cut shares and days on market (DOM) are not available, the presence of numerous properties for sale suggests a dynamic market. However, focusing on the FMR allows investors to sidestep the volatility associated with rapidly changing home prices and instead concentrate on long-term rental yields.
The median income data for the area is also unavailable, but the FMR indicates a reasonable balance between affordability and rental demand. In this context, 33474 serves as a stable component of a diversified real estate portfolio, ensuring that rental income remains consistent regardless of broader market fluctuations.
Investors should aim to purchase properties that can be rented at or near the FMR of $2230 to maximize their returns while adhering to the guidelines set by the Section 8 program. This approach ensures that the investment remains viable and attractive to tenants, providing a solid foundation for cash flow generation.
Data Sources: FMR data from HUD (2027).
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.