Real Estate Investing in Delray Beach, Florida (33445)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33445 (Delray Beach, FL)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 21.5% of homes vacant — above national norms.
What’s happening in Delray Beach, FL (33445)?
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Market Analysis: 33445 Delray Beach
The 33445 ZIP covers a section of Delray Beach that demands careful diligence. Prices near $306K look accessible, but the work to make a deal cash flow is real.
Meanwhile, the numbers look inviting — $306K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33445 is substantial and deserves full respect.
Meanwhile, 33445 offers a low basis, the region around Delray Beach has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Turning to rents, 31,604 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. durable returns are possible in 33445, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Delray Beach:
Property Strategy for 33445
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $143,484 | $2,060 | 10.3% | +6.3% | $143,484 |
| 2BR | $221,278 | $2,440 | 7.9% | +6.9% | $110,639 |
| 3BR | $534,316 | $3,160 | 4.3% | +8.9% | $178,105 |
| 4BR | $779,444 | $3,670 | 3.4% | +10.1% | $194,861 |
| 5BR | $1,125,148 | — | — | +11.9% | $225,030 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33445 Compare?
| Metric | 33445 | Delray Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $305,571 | $479,405 | N/A | $374,697 |
| 5-Year CAGR | 4.6% | 4.7% | N/A | 7.4% |
| Avg Rent | $2,723 | $2,876 | N/A | - |
| Cap Rate | 7.0% | 6.1% | - | - |
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 33445 (Delray 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 | $305,571 |
| Monthly Rent | $2,723 |
| Price-to-Rent | 9.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 10.7% |
| Cap Rate | 7.0% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | -1.9% ▼ |
| 5-Year CAGR | +4.6% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -3.1% ▼ |
| 3-Year CAGR | +1.1% ▲ |
| 5-Year CAGR | +3.1% ▲ |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (7.0%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33445
Population: 31,604
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 33445
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
PINE GROVE ELEMENTARY SCHOOL
S. D. SPADY ELEMENTARY SCHOOL
VILLAGE ACADEMY ON THE ART & SARA JO KOBACKER CAMPUS
PLUMOSA SCHOOL OF THE ARTS
MORIKAMI 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 strong is the working-renter base in Delray Beach, FL?
The renter base in Delray Beach, FL is reasonable for the $2,723/mo price point. Screening well and pricing to market typically yields steady tenants.
Can I house hack in Delray Beach, FL?
Delray Beach, FL is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $306K price point reasonable to enter.
How do landlord-tenant laws work in Delray Beach, FL?
FL ranks as a landlord-friendly state for landlord-tenant law. Delray Beach generally follows the statewide framework, so landlords face reasonable operating rules.
What is the average monthly rent in Delray Beach, FL?
Expect rents around $2,723/mo per month in Delray Beach, FL. With home values at $306K, the yield math works out to reasonable levels for rental investors.
How do home values compare in Delray Beach, FL?
In Delray Beach, FL the median home value sits at $306K. Against the broader FL market, that reads as reasonable for most investors.
You know 33445 now. You don’t know where it ranks.
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How 33445 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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