West Palm Beach, FL 33409 - Real Estate Investment Insights & Performance Data

Welcome to our 33409 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 33409 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: 33409
  • 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): $290,415
  • Average Home Price (Single Family Homes): $350,287
  • Average Monthly Rental Price (All Types): $2,047
  • Price-to-Rent Ratio: 12
  • Zillow Projected % appreciation from 4/2023-4/2024: 2.1%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,800
  • Average 3 Bedroom Section 8 Rental Rates: $2,410
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 13.45
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 10.04
  • 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): 287.58
  • Total % Appreciation since 2000 (Government Data): 242.89
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.96%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 9.54%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 49.47%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 77.42%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 246.69%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.83%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 208.04%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -3.03%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): -3.4%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 42.14%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 52.98%