Real Estate Investing in Boca Raton, Florida (33498)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33498 (Boca Raton, 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.
No major risk flags on the data we track.
What’s happening in Boca Raton, FL (33498)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33498 Boca Raton
Investors eyeing 33498 need to respect the fundamentals at play. Home values of $801K come alongside slower price movement and elevated management overhead.
Rent of $4,720/mo on a $801K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 33498 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Boca Raton have seen price recovery that 33498 has not matched. Palm Beach County data supports the view that the spread is structural rather than temporary.
Demographically, 33498 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The 33498 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 33498
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $363,783 | $2,960 | 5.9% | +7.8% | $181,891 |
| 3BR | $641,143 | $3,860 | 4.3% | +9.5% | $213,714 |
| 4BR | $827,155 | $4,610 | 4.0% | +10.5% | $206,789 |
| 5BR | $1,087,213 | — | — | +11.1% | $217,443 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33498 Compare?
| Metric | 33498 | Boca Raton | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $800,524 | $688,707 | N/A | $374,697 |
| 5-Year CAGR | 7.8% | 7.1% | N/A | 7.4% |
| Avg Rent | $4,720 | $3,150 | N/A | - |
| Cap Rate | 4.6% | 4.1% | - | - |
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 33498 (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 | $800,524 |
| Monthly Rent | $4,720 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +4.8% ▲ |
| 3-Year CAGR | +1.9% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 Rent Trends
| 1-Year | -18.3% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). 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 33498
Population: 17,192
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 33498
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
How qualified is the tenant pool in Boca Raton, FL?
Tenant quality in Boca Raton, FL ranks as solid. Landlords generally report predictable occupancy at market rents of $4,720/mo.
Is Boca Raton in FL worth investing in?
With a 3.0/5 investability score, Boca Raton, FL ranks as a solid market for rental property investors. Median prices of $801K and rents of $4,720/mo drive the underlying numbers.
How do landlord-tenant laws work in Boca Raton, FL?
Rental owners in Boca Raton, FL deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What do landlords charge for rent in Boca Raton, FL?
Average rent in Boca Raton, FL is approximately $4,720/mo per month. Against $801K home values that yields a reasonable rent-to-price ratio.
What price range are homes in Boca Raton, FL?
Expect median prices around $801K in Boca Raton, FL. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
You know 33498 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 33498 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 33498 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
Every ZIP in this metro, ranked. Free.
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Community Ratings
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