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 33481, located in Boca Raton, Florida, shows potential as a high-yield market for Section 8 real estate investments. The Fair Market Rent (FMR) for the area is set at $2,230 for fiscal year 2024, indicating a robust rental demand.
However, the lack of specific data on the percentage of renters, days on market (DOM), and median household income means that the stability axis remains unclear. Without these figures, it's difficult to assess the long-term financial health and predictability of returns in this market.
Based on the available data, ZIP 33481 appears to be a high-yield market due to the relatively high FMR. This suggests that rental properties can command higher rent amounts, which is beneficial for landlords and small-portfolio investors. However, the absence of stability indicators leaves room for uncertainty regarding the overall market dynamics and potential risks.
To classify this market accurately, additional data on the percentage of renters, typical days on market for rental listings, and median household income would be necessary. These factors would help determine if the market leans towards being a high-yield/low-stability flip-style market or a steady cash flow zone.
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.