Real Estate Investing in Boca Raton, Florida (33432)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33432 (Boca Raton, FL)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 29.3 — hard to cash-flow at these prices.
What’s happening in Boca Raton, FL (33432)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33432 Boca Raton
This part of Palm Beach County is not an easy win. The 33432 ZIP posts 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 $1.1M asset, 33432 is the wrong submarket. If the plan prices in friction, the yield can still work.
Stepping back, 33432 offers a low basis, the region around Boca Raton has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 33432 ZIP's population of 21,817 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
New investors are better served looking at Boca Raton's stable or hybrid ZIPs before stepping into 33432. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Boca Raton:
Property Strategy for 33432
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $267,797 | $2,570 | 6.9% | +4.9% | $267,797 |
| 2BR | $573,276 | $3,050 | 3.8% | +5.2% | $286,638 |
| 3BR | $1,666,292 | $3,950 | 1.7% | +10.1% | $555,431 |
| 4BR | $3,142,738 | $4,580 | 1.0% | +14.1% | $785,684 |
| 5BR | $5,869,258 | — | — | +12.5% | $1,173,852 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33432 Compare?
| Metric | 33432 | Boca Raton | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $1,065,909 | $688,707 | N/A | $374,697 |
| 5-Year CAGR | 6.4% | 7.1% | N/A | 7.4% |
| Avg Rent | $3,035 | $3,150 | N/A | - |
| Cap Rate | 2.2% | 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 33432 (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 | $1,065,909 |
| Monthly Rent | $3,035 |
| Price-to-Rent | 29.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.4% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | -1.7% ▼ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). 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 33432
Population: 21,817
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 33432
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
J. C. MITCHELL ELEMENTARY SCHOOL
BLUE LAKE ELEMENTARY
ADDISON MIZNER SCHOOL
DEERFIELD BEACH ELEMENTARY SCHOOL
DEERFIELD PARK 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 2,432 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much should I expect to pay for a home in Boca Raton, FL?
Typical homes in Boca Raton, FL go for around $1.1M. The 5-year CAGR of 0.0% reliable price movement.
What is the best play in Boca Raton, FL?
Boca Raton, FL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.1M prices, $3,035/mo rents) make it a reasonable choice.
Is Boca Raton, FL landlord-friendly?
FL ranks as a landlord-friendly state for landlord-tenant law. Boca Raton generally follows the statewide framework, so landlords face reasonable operating rules.
Is house hacking profitable in Boca Raton, FL?
House hacking works a tougher in Boca Raton, FL. Rents of $3,035/mo against $1.1M acquisition make the strategy solid for owner-occupants.
How strong is tenant demand in Boca Raton, FL?
Boca Raton, FL draws a consistent base of working renters. Demand at the $3,035/mo rent level is reasonable for standard single-family and small multi rentals.
You know 33432 now. You don’t know where it ranks.
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How 33432 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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