Real Estate Investing in West Palm Beach, Florida (33409)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33409 (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 cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 12.8% of homes vacant — above national norms.
What’s happening in West Palm Beach, FL (33409)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33409 West Palm Beach
Investors eyeing 33409 need to respect the fundamentals at play. Home values of $304K come alongside slower price movement and elevated management overhead.
Rent of $1,997/mo on a $304K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33409 sits below the stated 0.0% once reality is priced in.
ZIP 33409'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.
A substantial renter share of 55% in 33409 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at West Palm Beach's stable or hybrid ZIPs before stepping into 33409. 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 33409
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $158,705 | $1,920 | 8.7% | +9.4% | $158,705 |
| 2BR | $225,135 | $2,280 | 7.3% | +7.7% | $112,568 |
| 3BR | $426,826 | $2,950 | 5.0% | +8.4% | $142,275 |
| 4BR | $473,168 | $3,430 | 5.2% | +8.5% | $118,292 |
| 5BR | $586,135 | — | — | +9.1% | $117,227 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33409 Compare?
| Metric | 33409 | West Palm Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $304,078 | $426,994 | N/A | $374,697 |
| 5-Year CAGR | 4.5% | 6.5% | N/A | 7.4% |
| Avg Rent | $1,997 | $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 33409 (West Palm Beach, 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 | $304,078 |
| Monthly Rent | $1,997 |
| Price-to-Rent | 12.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.9% |
| Cap Rate | 5.1% |
| 5-Year IRR | 9.7% |
📈 Home Appreciation
| 1-Year | -1.3% ▼ |
| 3-Year CAGR | -1.6% ▼ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | -0.1% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | N/A |
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 33409
Population: 32,921
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 33409
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
NORTHBORO ELEMENTARY SCHOOL
SEMINOLE TRAILS ELEMENTARY SCHOOL
ROOSEVELT MIDDLE SCHOOL
EGRET LAKE ELEMENTARY SCHOOL
HOPE-CENTENNIAL 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
Frequently Asked Questions
What is the typical home price in West Palm Beach, FL?
Homes in West Palm Beach, FL typically sell near $304K. Prices have moved at a 0.0% 5-year CAGR, which consistent long-term demand.
How strong is tenant demand in West Palm Beach, FL?
Working renters make up the core of the West Palm Beach, FL tenant base. The pool is reasonable for investors targeting long-term holds.
Which investment style suits West Palm Beach, FL?
A careful cash-flow rentals with hands-on management strategy West Palm Beach, FL best. The market produces consistent results for that approach at the $304K price point.
Is West Palm Beach, FL good for house hacking?
The house hack math a challenging in West Palm Beach, FL. Owner-occupant buyers benefit from the $1,997/mo rents and $304K home values.
Where do rents currently stand in West Palm Beach, FL?
The typical rental in West Palm Beach, FL commands about $1,997/mo monthly. That rent profile predictable cash flow against the $304K purchase basis.
You know 33409 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33409 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 33409 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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