ZIP 33407
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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
March. Asking rents in ZIP 33407 usually run 0.6% below trend in March and 0.3% above it in May, about $21 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 33407 is at its highest level since Zillow's records here began in January 2015.
Rent in ZIP 33407 changed +3.9% 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 33407 rose 74% while median household income rose 33% ($45,093 to $59,993). Rent outpaced income.
Rent in ZIP 33407 is 81.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 9 months in a row, and rose in 10 of the last 12 months.
30% of the median household income ($59,993) is $1,500 a month. That is less than HUD's Fair Market Rent for a studio ($1,720).
5th cheapest of 7 ZIP codes in West Palm Beach.
ZIP 33409, 3 miles away, rents for 10% less ($2,065/mo), about $2,800 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 33407. 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 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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 33407 in West Palm Beach, FL has changed in 5 years
The median rent in ZIP 33407 in West Palm Beach, FL stood at $1,271 in 2020 and currently runs about $2,297, reflecting a 80.7% 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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Tips for renters in ZIP 33407
Last updated: October 17, 2026
ZIP code 33407 covers West Palm Beach, FL. The median rent here is $2,297/mo as of October 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 3.9% over the past year.
Frequently asked questions
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How does ZIP 33407 compare to other ZIPs in Florida?
How does ZIP 33407 compare to the rest of West Palm Beach?
At $2,297/mo, rent takes ~46% of ZIP 33407's median household income ($59,993/yr). The standard benchmark is 30%.
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