Real Estate Investing in Boca Raton, Florida (33431)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33431 (Boca Raton, 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: 17.3% of homes vacant — above national norms.
What’s happening in Boca Raton, FL (33431)?
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Market Analysis: 33431 Boca Raton
The 33431 ZIP in Boca Raton, FL is a local-operator market. Outside capital chasing a $641K entry has to pair deep knowledge with the discount.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $641K asset, 33431 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within FL, ZIP 33431 trails on several market indicators that neighboring Palm Beach County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The demographic picture in 33431 includes headwinds that any investor should price in. Income distribution skews lower than Boca Raton averages, and tenant stability requires active management.
Experienced landlords with local relationships tend to find 33431 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Boca Raton:
Property Strategy for 33431
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $175,162 | $2,420 | 9.9% | +3.9% | $175,162 |
| 2BR | $439,127 | $2,870 | 4.7% | +6.7% | $219,563 |
| 3BR | $697,246 | $3,720 | 3.8% | +9.0% | $232,415 |
| 4BR | $1,041,750 | $4,310 | 3.0% | +11.1% | $260,438 |
| 5BR | $2,742,379 | — | — | +13.7% | $548,476 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33431 Compare?
| Metric | 33431 | Boca Raton | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $640,792 | $688,707 | N/A | $374,697 |
| 5-Year CAGR | 5.6% | 7.1% | N/A | 7.4% |
| Avg Rent | $3,143 | $3,150 | N/A | - |
| Cap Rate | 3.8% | 4.1% | - | - |
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 33431 (Boca Raton, 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 | $640,792 |
| Monthly Rent | $3,143 |
| Price-to-Rent | 17.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.8% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | -3.4% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +4.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.8%). 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 33431
Population: 23,150
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 33431
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
BOCA RATON ELEMENTARY SCHOOL
SOMERSET ACADEMY BOCA EAST
ADDISON MIZNER SCHOOL
BOCA RATON COMMUNITY MIDDLE SCHOOL
SOMERSET ACADEMY BOCA MIDDLE 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 2,432 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the typical renter like in Boca Raton, FL?
Working renters make up the core of the Boca Raton, FL tenant base. The pool is reasonable for investors targeting long-term holds.
Does Boca Raton, FL make sense for an investment property?
Boca Raton, FL scores 3.0/5 for investability. Home values sit at $641K and rents near $3,143/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What are home prices like in Boca Raton, FL?
Boca Raton, FL home values average about $641K. That price point suits investors targeting rentals with $3,143/mo in monthly income.
Is Boca Raton, FL landlord-friendly?
For rental operators, Boca Raton, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How high is vacancy risk in Boca Raton, FL?
Expect elevated vacancy in Boca Raton, FL. Rents at $3,143/mo are absorbed by the tenant base without meaningful lag.
You know 33431 now. You don’t know where it ranks.
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How 33431 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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