Real Estate Investing in Delray Beach, Florida (33446)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33446 (Delray Beach, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 22.2% of homes vacant — above national norms.
What’s happening in Delray Beach, FL (33446)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33446 Delray Beach
ZIP 33446 in Delray Beach, FL carries a healthy set of headwinds. Home values near $340K and rents of $2,751/mo sit inside a market where underwriting has to be tight.
The investment case in 33446 is robust only for operators who understand what they are buying. A $340K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
ZIP 33446'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.
The 33446 ZIP's population of 28,018 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that records the need for careful underwriting.
Strategically, 33446 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Delray Beach:
Property Strategy for 33446
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $74,329 | $1,750 | 17.0% | +2.5% | $74,329 |
| 2BR | $173,767 | $2,070 | 8.6% | +3.0% | $86,884 |
| 3BR | $568,654 | $2,680 | 3.4% | +7.3% | $189,551 |
| 4BR | $1,132,112 | $3,110 | 2.0% | +12.1% | $283,028 |
| 5BR | $1,773,878 | — | — | +13.2% | $354,776 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33446 Compare?
| Metric | 33446 | Delray Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $339,936 | $479,405 | N/A | $374,697 |
| 5-Year CAGR | 3.9% | 4.7% | N/A | 7.4% |
| Avg Rent | $2,751 | $2,876 | N/A | - |
| Cap Rate | 6.3% | 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 33446 (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 | $339,936 |
| Monthly Rent | $2,751 |
| Price-to-Rent | 10.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.7% |
| Cap Rate | 6.3% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | -4.5% ▼ |
| 5-Year CAGR | +3.9% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +2.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.3%). 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 33446
Population: 28,018
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 33446
Schools in This ZIP Code
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 kind of vacancy should I budget for in Delray Beach, FL?
Delray Beach, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Which investment style suits Delray Beach, FL?
Investors usually favor careful cash-flow rentals with hands-on management in Delray Beach, FL. With home values at $340K and rents near $2,751/mo, other strategies can work but produce even-keeled rather than outsized returns.
Is rental property easy to operate in Delray Beach, FL?
Landlord-friendliness in Delray Beach, FL is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the tenant pool like in Delray Beach, FL?
Expect a solid tenant pool in Delray Beach, FL. The rental market absorbs $2,751/mo rents without meaningful friction.
How strong is Delray Beach, FL for real estate investors?
Delray Beach, FL rates 3.0/5 for investability. With median values at $340K and rents near $2,751/mo, the market offers reasonable fundamentals for rental investors.
You know 33446 now. You don’t know where it ranks.
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How 33446 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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