Real Estate Investing in Boca Raton, Florida (33487)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33487 (Boca Raton, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 25.2% of homes vacant — above national norms.
What’s happening in Boca Raton, FL (33487)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33487 Boca Raton
ZIP 33487 inside Palm Beach County looks affordable on the surface — median value of $682K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 33487 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 33487'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.
Turning to rents, 20,848 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.
The 33487 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Boca Raton:
Property Strategy for 33487
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $228,725 | $2,420 | 7.6% | +3.5% | $228,725 |
| 2BR | $481,081 | $2,870 | 4.3% | +6.3% | $240,541 |
| 3BR | $788,338 | $3,720 | 3.4% | +9.6% | $262,779 |
| 4BR | $1,181,471 | $4,310 | 2.6% | +11.6% | $295,368 |
| 5BR | $3,838,854 | — | — | +11.6% | $767,771 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33487 Compare?
| Metric | 33487 | Boca Raton | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $681,834 | $688,707 | N/A | $374,697 |
| 5-Year CAGR | 5.8% | 7.1% | N/A | 7.4% |
| Avg Rent | $3,369 | $3,150 | N/A | - |
| Cap Rate | 3.9% | 4.1% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33487 (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 | $681,834 |
| Monthly Rent | $3,369 |
| Price-to-Rent | 16.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +3.2% ▲ |
| 3-Year CAGR | -0.2% ▼ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | +2.4% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 5-Year CAGR | +4.1% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 33487
Population: 20,848
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 33487
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
J. C. MITCHELL ELEMENTARY SCHOOL
BLUE LAKE ELEMENTARY
DON ESTRIDGE HIGH TECH MIDDLE SCHOOL
VERDE K-8
A.D. HENDERSON UNIVERSITY SCHOOL & FAU HIGH 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
Should investors worry about vacancy in Boca Raton, FL?
Boca Raton, FL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How much should I expect to pay for a home in Boca Raton, FL?
Homes in Boca Raton, FL typically sell near $682K. Prices have moved at a 0.0% 5-year CAGR, which reliable long-term demand.
What is the typical rental rate in Boca Raton, FL?
Rental rates in Boca Raton, FL average $3,369/mo. Tenant demand and $682K home values make the yield look reasonable by investor standards.
Is Boca Raton, FL good for house hacking?
For house hackers, Boca Raton, FL is a challenging. The $3,369/mo rent on a unit helps defray the mortgage on a $682K property.
How does Boca Raton, FL stack up for property investment?
Investors tracking Boca Raton, FL will find a 3.0/5 rating supported by $682K median home values and $3,369/mo rents. That profile suits long-term holders targeting consistent returns.
You know 33487 now. You don’t know where it ranks.
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How 33487 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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