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Housing market/Florida/ZIP 33487

ACS 2023 · FY2027 SAFMR

ZIP 33487 Boca Raton, 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
20,848
Households
9,932
Median HH income
$93,816
Renter share
24.8%
Median gross rent
$2,382
Vacancy
27.2%
Pop. change
+3.3%
2BR SAFMR
$3,070
SAFMR / rent
1.289×
2–49 unit stock
3,465
LIHTC proj / units
—
HUD assisted MF
—

ZIP brief

Email this profile

HUD schedule, ACS stock, and the 90–110% band for ZIP 33487 · FL — sent to you.

ZIP 33487 · FL

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ACS rent vs 2BR SAFMR

ZIP 33487 — Boca Raton, FL HUD Section 8 Payment Standards / SAFMR →
ACS median rent$2,382
2BR SAFMR$3,070
90% floor$2,763
110% ceiling$3,377

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

Housing stock

ACS 2023 units-in-structure · ZCTA 33487

  • 1-unit detached3,83728.1%
  • 1-unit attached1,46610.8%
  • 2–4 units3562.6%
  • 5–49 units3,10922.8%
  • 50+ units4,76935.0%
  • Mobile1000.7%
TypeUnitsShare
1-unit detached3,83728.1%
1-unit attached1,46610.7%
2 units (duplex)400.3%
3–4 units3162.3%
5–9 units7215.3%
10–19 units6574.8%
20–49 units1,73112.7%
50+ units4,76935.0%
Mobile1000.7%

2–4 unit share 2.6% · 5–49 unit share 22.8% · combined 2–49 25.4%.

Units by bedrooms

Studio
120
1BR
936
2BR
6,865
3BR
3,938
4BR
1,360
5+
425

Rent burden

Rent ≥30% of income59.1%
Rent ≥50% of income34.0%
  • ACS median gross rent $2,382 (all bedrooms, occupied rentals).
  • Median contract rent $2,208.
  • Renters paying ≥30% of income 59.1%; ≥50% 34.0%.
  • FY2027 2BR SAFMR $3,070 (1.289× ACS median gross rent).

Population

20,848 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +3.3%.

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 33487 24.8% of occupied households are renters; vacancy is 27.2%; ACS median gross rent is $2,382; population increased +3.3% between the 2018 and 2023 ACS vintages; the housing stock includes 356 units in 2–4-unit structures and 3,109 units in 5–49-unit structures; FY2027 2BR SAFMR is $3,070 versus ACS median gross rent of $2,382. 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 33487 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 33487 — Boca Raton, 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 33487?

ZIP 33487 (West Palm Beach-Boca Raton, FL HUD Metro FMR Area) has 20,848 residents, 9,932 households, a renter share of 24.8%, median household income of $93,816, and ACS 2023 median gross rent of $2,382. Vacancy is 27.2%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 33487?

ACS counts 40 units in 2-unit buildings, 316 in 3–4 unit buildings, 721 in 5–9, 657 in 10–19, and 1,731 in 20–49. Combined 2–49 unit stock is 3,465 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 33487?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $3,070. See the full schedule and 90–110% payment-standard band on the ZIP 33487 — Boca Raton, FL HUD Section 8 Payment Standards / SAFMR.

Does this Florida ZIP profile include Georgia listings?

No. ZIP 33487 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.