Real Estate Investing in West Palm Beach, Florida (33413)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33413 (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.
- Elevated vacancy: 9.5% vacancy may signal weakening demand.
What’s happening in West Palm Beach, FL (33413)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33413 West Palm Beach
Not every below-median market is a bargain. West Palm Beach's 33413 ZIP reports signals that favor experienced operators who can absorb the risk $487K pricing implies.
For an experienced owner, 33413 can be a a viable market for hunting ground — but the discount at $487K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 33413 among FL's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Demographically, 33413 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 33413 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 West Palm Beach:
Property Strategy for 33413
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $328,715 | $2,530 | 5.5% | +7.9% | $164,358 |
| 3BR | $459,675 | $3,280 | 5.1% | +8.9% | $153,225 |
| 4BR | $543,151 | $3,800 | 5.0% | +8.8% | $135,788 |
| 5BR | $642,548 | — | — | +9.2% | $128,510 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33413 Compare?
| Metric | 33413 | West Palm Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $486,851 | $426,994 | N/A | $374,697 |
| 5-Year CAGR | 6.1% | 6.5% | N/A | 7.4% |
| Avg Rent | $2,144 | $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 33413 (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 | $486,851 |
| Monthly Rent | $2,144 |
| Price-to-Rent | 18.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.4% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +7.8% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | N/A |
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 33413
Population: 17,914
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 33413
Schools in This ZIP Code
Nearby Schools (3 more)
Schools in adjacent ZIP codes that may serve this area
MELALEUCA ELEMENTARY SCHOOL
FOREST HILL ELEMENTARY SCHOOL
PINE JOG 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 are rental rates like in West Palm Beach, FL?
Rental rates in West Palm Beach, FL average $2,144/mo. Tenant demand and $487K home values make the yield look reasonable by investor standards.
Are there empty rentals 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 $2,144/mo.
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 $487K price point.
Does house hacking make sense in West Palm Beach, FL?
House hacking works a challenging in West Palm Beach, FL. Rents of $2,144/mo against $487K acquisition make the strategy solid for owner-occupants.
Is West Palm Beach, FL landlord-friendly?
FL ranks as a landlord-friendly state for landlord-tenant law. West Palm Beach generally follows the statewide framework, so landlords face reasonable operating rules.
You know 33413 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33413 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 33413 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
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