Real Estate Investing in Delray Beach, Florida (33483)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33483 (Delray Beach, 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: 31.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.8 — hard to cash-flow at these prices.
What’s happening in Delray Beach, FL (33483)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33483 Delray Beach
The 33483 ZIP in Delray Beach, FL is a local-operator market. Outside capital chasing a $1.0M entry has to pair deep knowledge with the discount.
For an experienced owner, 33483 can be a a viable market for hunting ground — but the discount at $1.0M reflects genuine risk that outside investors often underestimate.
ZIP 33483'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.
Employment concentration in 33483 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Delray Beach:
Property Strategy for 33483
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $442,660 | $2,560 | 4.2% | +6.5% | $442,660 |
| 2BR | $667,632 | $3,040 | 3.3% | +7.4% | $333,816 |
| 3BR | $1,461,865 | $3,940 | 1.9% | +10.7% | $487,288 |
| 4BR | $3,184,251 | $4,570 | 1.0% | +12.0% | $796,063 |
| 5BR | $6,082,130 | — | — | +12.8% | $1,216,426 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33483 Compare?
| Metric | 33483 | Delray Beach | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $1,022,351 | $479,405 | N/A | $374,697 |
| 5-Year CAGR | 6.3% | 4.7% | N/A | 7.4% |
| Avg Rent | $3,302 | $2,876 | N/A | - |
| Cap Rate | 2.5% | 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 33483 (Delray Beach, FL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 33483 (Delray Beach, FL)?
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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 | $1,022,351 |
| Monthly Rent | $3,302 |
| Price-to-Rent | 25.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 8.9% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +0.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 Rent Trends
| 1-Year | +8.2% ▲ |
| 3-Year CAGR | +4.3% ▲ |
| 5-Year CAGR | +5.6% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.5%). 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 33483
Population: 12,595
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 33483
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
CARVER MIDDLE SCHOOL
ORCHARD VIEW ELEMENTARY SCHOOL
PINE GROVE ELEMENTARY SCHOOL
S. D. SPADY ELEMENTARY SCHOOL
VILLAGE ACADEMY ON THE ART & SARA JO KOBACKER CAMPUS
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 high is vacancy risk in Delray Beach, FL?
Expect elevated vacancy in Delray Beach, FL. Rents at $3,302/mo are absorbed by the tenant base without meaningful lag.
What is the smart move for investors in Delray Beach, FL?
Delray Beach, FL investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.0M prices, $3,302/mo rents) make it a reasonable choice.
Is Delray Beach, FL a good place for real estate investing?
Our data puts Delray Beach, FL at 3.0/5 for investability. Home prices of $1.0M and rents around $3,302/mo create a solid backdrop for investor activity.
What is it like being a landlord in Delray Beach, FL?
For rental operators, Delray Beach, FL rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much do tenants pay in Delray Beach, FL?
Delray Beach, FL rentals go for roughly $3,302/mo a month. That puts gross yield in solid territory relative to $1.0M acquisition costs.
You know 33483 now. You don’t know where it ranks.
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How 33483 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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