JeffCroweCRE

Housing market/Florida/ZIP 33480

ACS 2023 · FY2027 SAFMR

ZIP 33480 Palm Beach, Florida

West Palm Beach-Boca Raton, FL HUD Metro FMR Area · Florida. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
10,901
Households
6,450
Median HH income
$151,121
Renter share
16.4%
Median gross rent
$1,840
Vacancy
48.1%
Pop. change
+8.7%
2BR SAFMR
$2,570
SAFMR / rent
1.397×
2–49 unit stock
3,416
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 33480 · FL — sent to you.

ZIP 33480 · FL

By checking this box you agree that you may be referred to another real estate broker or related service and acknowledge that CENTURY 21 The Avenues licensees and/or affiliates may be paid a valuable consideration for facilitating such referral.

ACS rent vs 2BR SAFMR

ZIP 33480 — Palm Beach, FL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,840
2BR SAFMR$2,570
90% floor$2,313
110% ceiling$2,827

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 33480

  • 1-unit detached2,75622.2%
  • 1-unit attached2031.6%
  • 2–4 units4733.8%
  • 5–49 units2,94323.7%
  • 50+ units6,05348.7%
  • Mobile100.1%
TypeUnitsShare
1-unit detached2,75622.2%
1-unit attached2031.6%
2 units (duplex)2572.1%
3–4 units2161.7%
5–9 units4503.6%
10–19 units4803.9%
20–49 units2,01316.2%
50+ units6,05348.7%
Mobile100.1%

2–4 unit share 3.8% · 5–49 unit share 23.7% · combined 2–49 27.5%.

Units by bedrooms

Studio
326
1BR
1,350
2BR
6,278
3BR
2,388
4BR
1,150
5+
946

Rent burden

Rent ≥30% of income36.3%
Rent ≥50% of income20.8%
  • ACS median gross rent $1,840 (all bedrooms, occupied rentals).
  • Median contract rent $1,772.
  • Renters paying ≥30% of income 36.3%; ≥50% 20.8%.
  • FY2027 2BR SAFMR $2,570 (1.397× ACS median gross rent).

Population

10,901 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +8.7%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: not published for this ZIP.
  • HUD project-based assisted MF: not published for this ZIP.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 1,503 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.

Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.

What the data shows

ZIP 33480 16.4% of occupied households are renters; vacancy is 48.1%; ACS median gross rent is $1,840; population increased +8.7% between the 2018 and 2023 ACS vintages; the housing stock includes 473 units in 2–4-unit structures and 2,943 units in 5–49-unit structures; FY2027 2BR SAFMR is $2,570 versus ACS median gross rent of $1,840. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.

Florida research

ZIP 33480 is a Census / HUD profile for West Palm Beach-Boca Raton, FL. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 33480 — Palm Beach, FL HUD Section 8 Payment Standards / SAFMR·Florida ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
33401West Palm Beach-Boca Raton, FL HUD Metro FMR Area62.9%$1,774$2,30033402West Palm Beach-Boca Raton, FL HUD Metro FMR Area——$2,35033403West Palm Beach-Boca Raton, FL HUD Metro FMR Area52.2%$1,426$1,90033404West Palm Beach-Boca Raton, FL HUD Metro FMR Area43.6%$1,507$1,85033405West Palm Beach-Boca Raton, FL HUD Metro FMR Area41.5%$1,432$1,93033406West Palm Beach-Boca Raton, FL HUD Metro FMR Area35.7%$1,677$2,17033407West Palm Beach-Boca Raton, FL HUD Metro FMR Area52.4%$1,551$2,21033408West Palm Beach-Boca Raton, FL HUD Metro FMR Area24.6%$1,885$2,42033409West Palm Beach-Boca Raton, FL HUD Metro FMR Area53.3%$1,633$2,30033410West Palm Beach-Boca Raton, FL HUD Metro FMR Area27.7%$2,193$2,71033411West Palm Beach-Boca Raton, FL HUD Metro FMR Area23.5%$1,887$2,45033412West Palm Beach-Boca Raton, FL HUD Metro FMR Area13.8%$1,902$2,640

Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Florida research. Brokerage is Georgia.

FAQ

What is the housing market like in ZIP 33480?

ZIP 33480 (West Palm Beach-Boca Raton, FL HUD Metro FMR Area) has 10,901 residents, 6,450 households, a renter share of 16.4%, median household income of $151,121, and ACS 2023 median gross rent of $1,840. Vacancy is 48.1%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 33480?

ACS counts 257 units in 2-unit buildings, 216 in 3–4 unit buildings, 450 in 5–9, 480 in 10–19, and 2,013 in 20–49. Combined 2–49 unit stock is 3,416 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 33480?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,570. See the full schedule and 90–110% payment-standard band on the ZIP 33480 — Palm Beach, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 33480 is Census / HUD research for West Palm Beach-Boca Raton, FL HUD Metro FMR Area. Jeff Crowe CRE does not list Florida property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.