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Housing market/Florida/ZIP 33409

ACS 2023 · FY2027 SAFMR

ZIP 33409 West 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
32,921
Households
11,949
Median HH income
$65,206
Renter share
53.3%
Median gross rent
$1,633
Vacancy
12.9%
Pop. change
-2.8%
2BR SAFMR
$2,300
SAFMR / rent
1.408×
2–49 unit stock
6,140
LIHTC proj / units
5 / 819
HUD assisted MF
1 / 98

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 33409 · FL — sent to you.

ZIP 33409 · FL

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ACS rent vs 2BR SAFMR

ZIP 33409 — West Palm Beach, FL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,633
2BR SAFMR$2,300
90% floor$2,070
110% ceiling$2,530

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

Housing stock

ACS 2023 units-in-structure · ZCTA 33409

  • 1-unit detached4,69234.2%
  • 1-unit attached9496.9%
  • 2–4 units1,2879.4%
  • 5–49 units4,85335.4%
  • 50+ units1,0657.8%
  • Mobile8696.3%
TypeUnitsShare
1-unit detached4,69234.2%
1-unit attached9496.9%
2 units (duplex)2902.1%
3–4 units9977.3%
5–9 units1,1168.1%
10–19 units2,17115.8%
20–49 units1,56611.4%
50+ units1,0657.8%
Mobile8696.3%

2–4 unit share 9.4% · 5–49 unit share 35.4% · combined 2–49 44.8%.

Units by bedrooms

Studio
363
1BR
2,584
2BR
5,675
3BR
3,700
4BR
1,208
5+
185

Rent burden

Rent ≥30% of income54.0%
Rent ≥50% of income20.7%
  • ACS median gross rent $1,633 (all bedrooms, occupied rentals).
  • Median contract rent $1,514.
  • Renters paying ≥30% of income 54.0%; ≥50% 20.7%.
  • FY2027 2BR SAFMR $2,300 (1.408× ACS median gross rent).

Population

32,921 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: -2.8%.

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

Assisted inventory

  • LIHTC: 5 projects, 819 units.
  • HUD project-based assisted MF: 1 properties, 98 assisted units.
  • 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 33409 53.3% of occupied households are renters; vacancy is 12.9%; ACS median gross rent is $1,633; population changed -2.8% between the 2018 and 2023 ACS vintages; the housing stock includes 1,287 units in 2–4-unit structures and 4,853 units in 5–49-unit structures; 5 LIHTC projects totaling 819 units; FY2027 2BR SAFMR is $2,300 versus ACS median gross rent of $1,633. 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 33409 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 33409 — West 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$2,42033410West 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$2,64033413West Palm Beach-Boca Raton, FL HUD Metro FMR Area33.0%$2,016$2,600

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 33409?

ZIP 33409 (West Palm Beach-Boca Raton, FL HUD Metro FMR Area) has 32,921 residents, 11,949 households, a renter share of 53.3%, median household income of $65,206, and ACS 2023 median gross rent of $1,633. Vacancy is 12.9%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 33409?

ACS counts 290 units in 2-unit buildings, 997 in 3–4 unit buildings, 1,116 in 5–9, 2,171 in 10–19, and 1,566 in 20–49. Combined 2–49 unit stock is 6,140 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 33409?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,300. See the full schedule and 90–110% payment-standard band on the ZIP 33409 — West Palm Beach, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 33409 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.