Real Estate Investing in Lake Park, Florida (33403)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33403 (Lake Park, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.8% of homes vacant — above national norms.
What’s happening in Lake Park, FL (33403)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33403 Lake Park
Not every below-median market is a bargain. Lake Park's 33403 ZIP posts signals that favor experienced operators who can absorb the risk $388K pricing implies.
For an experienced owner, 33403 can be a an appealing option for hunting ground — but the discount at $388K reflects genuine risk that outside investors often underestimate.
ZIP 33403's metrics run below Palm Beach County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Employment concentration in 33403 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The right play in 33403 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lake Park:
Property Strategy for 33403
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $312,803 | $1,820 | 4.2% | +8.4% | $156,401 |
| 3BR | $425,569 | $2,360 | 4.0% | +8.5% | $141,856 |
| 4BR | $482,967 | $2,740 | 4.1% | +8.2% | $120,742 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33403 Compare?
| Metric | 33403 | Lake Park | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $387,607 | $387,607 | N/A | $374,697 |
| 5-Year CAGR | 6.1% | 6.1% | N/A | 7.4% |
| Avg Rent | $2,179 | $2,179 | N/A | - |
| Cap Rate | 4.4% | 4.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33403 (Lake Park, FL). Anonymous, moderated, never written by AI.
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Property managers serving Palm Beach County
Manage rentals here? List your business →Ibero Property Management and Real Estate Services offers apartment, multifamily, commercial, and rental management, alongside real estate services for sellers, buyers, and investors. summary from their website
Mangrove Property Management specializes in leasing, management, and sales of rental properties including single-family homes, townhomes, condos, and multi-family buildings in Northern and Central Pal summary from their website
Maxima Property Management Inc. offers property management, real estate brokerage, second home management, and vacation rental management services in South Florida, including Pompano Beach, Fort Laude summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $387,607 |
| Monthly Rent | $2,179 |
| Price-to-Rent | 14.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.8% |
| Cap Rate | 4.4% |
| 5-Year IRR | 10.5% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | -7.6% ▼ |
| 3-Year CAGR | +0.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.4%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33403
Population: 13,710
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33403
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
DR. MARY MCLEOD BETHUNE ELEMENTARY
LINCOLN ELEMENTARY SCHOOL
JOHN F. KENNEDY MIDDLE SCHOOL
THE CONSERVATORY SCHOOL AT NORTH PALM BEACH
RIVIERA BEACH PREPARATORY & ACHIEVEMENT ACADEMY
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How much do tenants pay in Lake Park, FL?
Expect rents around $2,179/mo per month in Lake Park, FL. With home values at $388K, the yield math works out to reasonable levels for rental investors.
What are vacancy rates like in Lake Park, FL?
Lake Park, FL sees elevated vacancy, which is reasonable relative to the broader FL rental market.
What is the investability score for Lake Park, FL?
Yes - Lake Park, FL a 3.0/5 investability score. With $388K home prices against $2,179/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are eviction rules reasonable in Lake Park, FL?
For rental operators, Lake Park, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
What investment strategy works best in Lake Park, FL?
In Lake Park, FL the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $388K prices and $2,179/mo rents suits that approach.
You know 33403 now. You don’t know where it ranks.
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How 33403 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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