ZIP Code · FL

ZIP 33406

Part of West Palm Beach, FL

Pop. 26,945·Palm Beach County·261st most expensive ZIP in Florida

Median rent (all units)

$2,217/mo

Year-over-Year

+2.5%

Month-over-Month

+1.1%

vs US Median

+$285

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 33406 · $2,217

More expensive than 71% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,630

1 BR

$1,740

2 BR

$2,060

3 BR

$2,670

4 BR+

$3,100

Research median

$2,060/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 33406 is at its highest level since Zillow's records here began in December 2021.

Past year vs. the rest of Florida

Rent in ZIP 33406 changed +2.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 3 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($77,075) is $1,927 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,740); a 2-bedroom is $2,060.

Rank in West Palm Beach

4th cheapest of 7 ZIP codes in West Palm Beach.

Cheaper nearby

ZIP 33461, 3 miles away, rents for 12% less ($1,956/mo), about $3,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33406. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$26,604/yr

At $2,217/mo median

Location

CityWest Palm Beach

StateFL

CountyPalm Beach County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.5% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.5% YoY, +1.1% MoM), not inventory.

Demographics

Who lives here

ZIP 33406 (West Palm Beach, FL) is majority owner-occupied, 25.6% of residents hold a bachelor's degree or higher.

Population

26,945

Median income

$77,075

Median age

38.6

Renters

37.7%

Age distribution

21.2%

23.1%

31.4%

15.1%

Under 1821.2%

18–3423.1%

35–5431.4%

55–649.2%

65+15.1%

Gender

48.5%

51.5%

Male48.5%

Female51.5%

Race & ethnicity

40.6%

53.7%

White40.6%

Black8.2%

Hispanic53.7%

Asian2.5%

Education (25+)

16.7%

34.5%

23.2%

25.6%

No HS diploma16.7%

HS diploma34.5%

Some college23.2%

Bachelor's+25.6%

Housing tenure

62.3%

37.7%

Owner62.3%

Renter37.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 33406 in West Palm Beach, FL has changed in 5 years

Rent

$1,776 → $2,217

up 24.8%

Income

$65,035 → $77,075

up 18.5%

Population

26,006 → 26,945

up 3.6%

Renter share

32.8% → 37.7%

+4.9 pts

Bachelor's+

21.6% → 25.6%

+4.0 pts

Five years ago, renters in ZIP 33406 in West Palm Beach, FL paid around $1,776 a month. That figure now sits near $2,217, up 24.8% from the 2022 baseline. Household income in the area moved from $65,035 to $77,075 across the same window, up 18.5% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33406 in West Palm Beach, FL adding about 939 residents over the five-year window, up 3.6% on net. The renter share has risen from 32.8% to 37.7%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 21.6% to 25.6% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 33406 in West Palm Beach, FL look reasonable against where the market sat half a decade ago.

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About renting in ZIP 33406

Last updated: October 17, 2026

ZIP code 33406 covers West Palm Beach, FL. The median rent here is $2,217/mo as of October 2026. A 1-bedroom rents for a median of $1,740/mo. A 2-bedroom rents for a median of $2,060/mo.

At 35% of local median household income ($77,075/yr), ZIP 33406 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33406?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (about $43/hour full-time) to afford the median rent of $2,217/mo in ZIP 33406. The local median household income is $77,075/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33406?

Rent in ZIP 33406 has risen 2.5% over the past year as of September 2026. That is the highest level since Zillow's records here began in December 2021.

How does ZIP 33406 compare to other ZIPs in Florida?

ZIP 33406 is in the middle among Florida ZIP codes for rent, ranking #261 of 656 at $2,217/mo. Over the year to September 2026, rent in ZIP 33406 changed +2.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.