Real Estate Investing in Palm Springs, Florida (33461)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33461 (Palm Springs, FL)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.5% of homes vacant — above national norms.
What’s happening in Palm Springs, FL (33461)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33461 Palm Springs
The 33461 ZIP in Palm Springs, FL is a local-operator market. Outside capital chasing a $308K entry has to pair deep knowledge with the discount.
Looking more closely, the numbers look inviting — $308K purchase price, 0.0% nominal cap — the work to hit that pro forma in 33461 is substantial and deserves full respect.
ZIP 33461'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.
Meanwhile, 49,245 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.
New investors are better served looking at Palm Springs's stable or hybrid ZIPs before stepping into 33461. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Palm Springs:
Property Strategy for 33461
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $88,128 | $1,820 | 14.9% | +6.4% | $88,128 |
| 2BR | $204,285 | $2,160 | 7.6% | +7.8% | $102,142 |
| 3BR | $407,893 | $2,800 | 4.9% | +8.8% | $135,964 |
| 4BR | $491,611 | $3,250 | 4.8% | +9.3% | $122,903 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33461 Compare?
| Metric | 33461 | Palm Springs | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $308,152 | $308,152 | N/A | $374,697 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 7.4% |
| Avg Rent | $2,060 | $2,060 | N/A | - |
| Cap Rate | 5.2% | 5.2% | - | - |
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 33461 (Palm Springs, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33461 (Palm Springs, FL)?
~25 seconds · no account needed · your report is anonymous
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 | $308,152 |
| Monthly Rent | $2,060 |
| Price-to-Rent | 12.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.0% |
| Cap Rate | 5.2% |
| 5-Year IRR | 11.1% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 Rent Trends
| 1-Year | -6.4% ▼ |
| 3-Year CAGR | -1.0% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (5.2%). 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 33461
Population: 49,245
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 33461
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
HIGHLAND ELEMENTARY SCHOOL
DIAMOND VIEW ELEMENTARY SCHOOL
GREENACRES ELEMENTARY SCHOOL
HERITAGE ELEMENTARY SCHOOL
LANTANA 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 7,213 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What kind of market is Palm Springs, FL for investors?
Investors tracking Palm Springs, FL will find a 3.0/5 rating supported by $308K median home values and $2,060/mo rents. That profile suits long-term holders targeting reliable returns.
Which real estate strategy fits Palm Springs, FL?
The best-fit strategy in Palm Springs, FL is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
What monthly rent should investors expect in Palm Springs, FL?
Rental rates in Palm Springs, FL average $2,060/mo. Tenant demand and $308K home values make the yield look reasonable by investor standards.
Do rentals sit vacant long in Palm Springs, FL?
Expect elevated vacancy in Palm Springs, FL. Rents at $2,060/mo are absorbed by the tenant base without meaningful lag.
Is Palm Springs, FL good for landlords?
For rental operators, Palm Springs, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
You know 33461 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33461 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 33461 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 33461 (Palm Springs)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 33461 (Palm Springs, FL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.