Real Estate Investing in West Palm Beach, Florida (33407)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33407 (West Palm Beach, 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: 16.5% of homes vacant — above national norms.
- Elevated poverty: 23.3% poverty rate — can affect rent collection.
What’s happening in West Palm Beach, FL (33407)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33407 West Palm Beach
ZIP 33407 in West Palm Beach, FL carries a robust set of headwinds. Home values near $358K and rents of $2,330/mo sit inside a market where underwriting has to be tight.
On the rental side, the numbers look inviting — $358K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33407 is substantial and deserves full respect.
ZIP 33407'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.
The 33407 ZIP's population of 34,728 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
New investors are better served looking at West Palm Beach's stable or hybrid ZIPs before stepping into 33407. 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 33407
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $222,377 | $1,830 | 5.9% | +8.6% | $222,377 |
| 2BR | $272,271 | $2,170 | 5.7% | +8.4% | $136,136 |
| 3BR | $398,771 | $2,810 | 5.1% | +9.4% | $132,924 |
| 4BR | $466,702 | $3,260 | 5.0% | +9.8% | $116,675 |
| 5BR | $876,694 | — | — | +13.2% | $175,339 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33407 Compare?
| Metric | 33407 | West Palm Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $358,025 | $426,994 | N/A | $374,697 |
| 5-Year CAGR | 7.3% | 6.5% | N/A | 7.4% |
| Avg Rent | $2,330 | $2,345 | N/A | - |
| Cap Rate | 5.1% | 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 33407 (West Palm Beach, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33407 (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 | $358,025 |
| Monthly Rent | $2,330 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 12.3% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 Rent Trends
| 1-Year | +1.9% ▲ |
| 3-Year CAGR | +2.9% ▲ |
| 5-Year CAGR | +9.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.1%). 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 33407
Population: 34,728
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 33407
Schools in This ZIP Code
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
What is the best play in West Palm Beach, FL?
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.
How much do tenants pay in West Palm Beach, FL?
Investors in West Palm Beach, FL typically see rents near $2,330/mo per month against $358K home values - a solid setup for rental cash flow.
Is West Palm Beach, FL suited for a house hack?
House hacking in West Palm Beach, FL is reasonable to execute. Prices around $358K and rents of $2,330/mo solid owner-occupant economics.
Are landlord laws favorable in West Palm Beach, FL?
For rental operators, West Palm Beach, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How strong is the working-renter base in West Palm Beach, FL?
West Palm Beach, FL offers a stable renter base at the $2,330/mo rent level. Tenant turnover is reasonable for well-managed properties.
You know 33407 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33407 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 33407 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33407 (West Palm Beach)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33407 (West Palm Beach, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.