Real Estate Investing in West Palm Beach, Florida (33405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33405 (West Palm Beach, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
What’s happening in West Palm Beach, FL (33405)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33405 West Palm Beach
This part of Palm Beach County is not an easy win. The 33405 ZIP registers softness in key indicators, and the playbook that works in cleaner markets often stalls here.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $635K asset, 33405 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in West Palm Beach have seen price recovery that 33405 has not matched. Palm Beach County data supports the view that the spread is structural rather than temporary.
The demographic picture in 33405 includes headwinds that any investor should price in. Income distribution skews lower than West Palm Beach averages, and tenant stability requires active management.
New investors are better served looking at West Palm Beach's stable or hybrid ZIPs before stepping into 33405. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in West Palm Beach:
Property Strategy for 33405
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $328,814 | $1,530 | 3.4% | +7.0% | $328,814 |
| 2BR | $441,909 | $1,810 | 2.9% | +10.7% | $220,954 |
| 3BR | $555,183 | $2,350 | 3.0% | +10.7% | $185,061 |
| 4BR | $1,376,764 | $2,720 | 1.4% | +17.4% | $344,191 |
| 5BR | $3,533,864 | — | — | +20.7% | $706,773 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33405 Compare?
| Metric | 33405 | West Palm Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $634,782 | $426,994 | N/A | $374,697 |
| 5-Year CAGR | 9.0% | 6.5% | N/A | 7.4% |
| Avg Rent | $2,781 | $2,345 | N/A | - |
| Cap Rate | 3.4% | 4.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33405 (West Palm Beach, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33405 (West Palm Beach, FL)?
~25 seconds · no account needed · your report is anonymous
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 | $634,782 |
| Monthly Rent | $2,781 |
| Price-to-Rent | 19.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +9.5% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +9.0% ▲ |
| 10-Year CAGR | +10.0% ▲ |
🏠 Rent Trends
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +5.4% ▲ |
| 5-Year CAGR | +8.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 33405
Population: 19,703
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 33405
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PALM BEACH PUBLIC SCHOOL
MEADOW PARK ELEMENTARY SCHOOL
G-STAR SCHOOL OF THE ARTS
ESE OTHER TEACHING SERVICES
BERKSHIRE ELEMENTARY SCHOOL
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
Investor Insight: With 7,213 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How high is vacancy risk in West Palm Beach, FL?
Vacancy in West Palm Beach, FL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,781/mo.
How do landlord-tenant laws work in West Palm Beach, FL?
Landlord-friendliness in West Palm Beach, FL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
Is West Palm Beach, FL better for rentals, flips, or BRRRR?
The best-fit strategy in West Palm Beach, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can I house hack in West Palm Beach, FL?
The house hack math a challenging in West Palm Beach, FL. Owner-occupant buyers benefit from the $2,781/mo rents and $635K home values.
What are home prices like in West Palm Beach, FL?
In West Palm Beach, FL the median home value sits at $635K. Against the broader FL market, that reads as reasonable for most investors.
You know 33405 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33405 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 33405 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33405 (West Palm Beach)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33405 (West Palm Beach, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.