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ZIP Code · FL

ZIP 33407

Pop. 34,851·Palm Beach County·234th most expensive ZIP in Florida
Median rent (all units)
$2,302/mo
Year-over-Year
+0.3%
Month-over-Month
+3.4%
vs US Median
+$337
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33407 · $2,302
More expensive than 73% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,720
1 BR
$1,830
2 BR
$2,170
3 BR
$2,810
4 BR+
$3,260
Research median
$2,170/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: July 20, 2026

Annual cost
$27,624/yr
At $2,302/mo median
Location
StateFL
CountyPalm Beach County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.3% YoY, +3.4% MoM), not inventory.
Demographics

Who lives here

ZIP 33407 (West Palm Beach, FL) is roughly split between renters and owners, has a median income below the national average, 27.6% of residents hold a bachelor's degree or higher.

Population
34,851
Median income
$59,993
Median age
38.3
Renters
49%
Age distribution
19.8%
24.3%
24.3%
14.3%
17.3%
Under 1819.8%
18–3424.3%
35–5424.3%
55–6414.3%
65+17.3%
Gender
49.6%
50.4%
Male49.6%
Female50.4%
Race & ethnicity
25.1%
52.1%
20.5%
White25.1%
Black52.1%
Hispanic20.5%
Asian1.9%
Education (25+)
20.1%
27.7%
24.6%
27.6%
No HS diploma20.1%
HS diploma27.7%
Some college24.6%
Bachelor's+27.6%
Housing tenure
51%
49%
Owner51%
Renter49%

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

2020 vs 2026

How ZIP 33407 in West Palm Beach, FL has changed in 5 years

Rent
$1,256 → $2,302
up 83.3%
Income
$46,638 → $59,993
up 28.6%
Population
32,422 → 34,851
up 7.5%
Renter share
52.8% → 49%
-3.8 pts
Bachelor's+
25.3% → 27.6%
+2.3 pts
Median age
39.1 → 38.3
-0.8 yrs

The median rent in ZIP 33407 in West Palm Beach, FL stood at $1,256 in 2020 and currently runs about $2,302, reflecting a 83.3% increase over the period. Local incomes tracked alongside that move, going from a median of $46,638 in 2021 to $59,993 more recently. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 7.5% since 2021, moving from about 32,422 residents to roughly 34,851. Renters now make up 49% of households, compared with 52.8% five years ago. College-educated residents now make up 27.6% of adults here, versus 25.3% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 33407 in West Palm Beach, FL market of 2020.

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Local insights

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About renting in ZIP 33407

Last updated: July 20, 2026

ZIP code 33407 covers West Palm Beach, FL. The median rent here is $2,302/mo as of July 2026. A 1-bedroom rents for a median of $1,830/mo. A 2-bedroom rents for a median of $2,170/mo.

At 46% of local median household income ($59,993/yr), ZIP 33407 ranks as moderate compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 33407?

As of July 20, 2026, the median monthly rent in ZIP 33407 (West Palm Beach, FL) is $2,302. This is based on aggregated data from public sources and community submissions.

How does ZIP 33407 rent compare to the US average?

ZIP 33407's median rent of $2,302/mo is $337 (17%) above the US national median of $1,965/mo.

How does ZIP 33407 compare to other ZIPs in Florida?

ZIP 33407 falls in the middle range for Florida, ranking #234 out of 662 ZIPs at $2,302/mo.

How much income do you need to rent in ZIP 33407?

To keep rent at or below 30% of gross income, you would need to earn at least $92,000/year (~$44/hour full-time) to afford the median rent of $2,302/mo in ZIP 33407. The local median household income is $59,993/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 33407?

Rent in ZIP 33407 has been relatively stable over the past year, with a 0.3% change year over year as of July 20, 2026.

Is ZIP 33407 an affordable place to rent?

ZIP 33407 is considered stretched for renters. At $2,302/mo, rent takes approximately 46% of the local median household income ($59,993/yr). The standard benchmark is 30%. ZIP 33407 significantly exceeds that threshold, making it challenging for many renters.

What percentage of ZIP 33407 residents rent vs. own?

According to Census data, approximately 49% of ZIP 33407 households are renters, while 51% are owner-occupied. ZIP 33407 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 33407 compare to the rest of West Palm Beach?

ZIP 33407 is more affordable than West Palm Beach overall. At $2,302/mo, it's $90 below the West Palm Beach citywide median of $2,392/mo.

When was rent data for ZIP 33407 last updated?

Rent data for ZIP 33407 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
46%
STRETCHED

At $2,302/mo, rent takes ~46% of ZIP 33407's median household income ($59,993/yr). The standard benchmark is 30%.

ZIP 33407 46%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 33407 (West Palm Beach, FL)

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