ZIP 33405
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Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).
12-month history
Last updated: October 17, 2026
What the numbers show
June. Asking rents in ZIP 33405 usually run 1.7% below trend in June and 2.2% above it in November, about $118 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 33405 is at its highest level since Zillow's records here began in March 2018.
Rent in ZIP 33405 changed +12.4% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.
From 2019 to 2024, rent in ZIP 33405 rose 97.2% while median household income rose 58.8% ($55,000 to $87,341). Rent outpaced income.
Rent in ZIP 33405 is 128.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 8 of the last 12 months.
30% of the median household income ($87,341) is $2,184 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,810); a 3-bedroom is $2,350.
7th cheapest of 7 ZIP codes in West Palm Beach.
ZIP 33406, 2 miles away, rents for 27% less ($2,217/mo), about $9,600 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 33405. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 33405 (West Palm Beach, FL) is majority owner-occupied, 35.3% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 33405 in West Palm Beach, FL has changed in 5 years
Rent in ZIP 33405 in West Palm Beach, FL has increased 71.2% since 2021, going from about $1,763 per month to roughly $3,018 today. Median household income grew from $68,079 to $87,341 between 2021 and 2024, a 28.3% shift. Rent outpaced income growth by roughly 42.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 21,138 to 19,780 between 2021 and 2024, a 6.4% change. About 43.7% of households rent today, against 41.5% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 30.5% to 35.3%. Taken together, the five-year picture in ZIP 33405 in West Palm Beach, FL reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 33405
Last updated: October 17, 2026
ZIP code 33405 covers West Palm Beach, FL. The median rent here is $3,018/mo as of October 2026. A 1-bedroom rents for a median of $1,530/mo. A 2-bedroom rents for a median of $1,810/mo.
At 41% of local median household income ($87,341/yr), ZIP 33405 ranks as moderate compared to the national benchmark of 30%. Rents have increased 12.4% over the past year.
Frequently asked questions
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How does ZIP 33405 compare to other ZIPs in Florida?
How does ZIP 33405 compare to the rest of West Palm Beach?
At $3,018/mo, rent takes ~41% of ZIP 33405's median household income ($87,341/yr). The standard benchmark is 30%.
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