West Palm Beach, FL 33407 - Real Estate Investment Insights & Performance Data

Welcome to our 33407 real estate data hub, tailored for investors in West Palm Beach, FL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 33407 in West Palm Beach, FL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in PALM BEACH COUNTY.

Leverage our comprehensive, zip code-specific data to excel in West Palm Beach, FL real estate investing. Uncover the wealth of information available, and position yourself for success in the West Palm Beach property market.

• Location Overview

  • Zip Code: 33407
  • City: West Palm Beach
  • State: FL
  • Metro Area: Miami-Fort Lauderdale-Pompano Beach, FL
  • County Name: PALM BEACH COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $325,211
  • Average Home Price (Single Family Homes): $327,259
  • Average Monthly Rental Price (All Types): $2,276
  • Price-to-Rent Ratio: 12
  • Zillow Projected % appreciation from 4/2023-4/2024: 2.3%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,640
  • Average 3 Bedroom Section 8 Rental Rates: $2,190
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 16.52
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 12.37
  • Number of Units Offered in Section 8 in the County: 2569
  • Number of Occupied Units in Section 8 in the County: 2468
  • Percentage of Section 8 Units Occupied in the County: 96.09999847%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 427.38
  • Total % Appreciation since 2000 (Government Data): 262.16
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): -0.32%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 11.3%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 55.7%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 78.07%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 252.46%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 81.24%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 185.74%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -2.41%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 11.55%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 64.95%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 78.06%