ZIP Code · FL

ZIP 33408

Pop. 18,817·Palm Beach County·52nd most expensive ZIP in Florida
Median rent (all units)
$3,133/mo
Year-over-Year
+8.8%
Month-over-Month
+2.1%
vs US Median
+$1,201
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33408 · $3,133
More expensive than 92% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,820
1 BR
$1,930
2 BR
$2,290
3 BR
$2,970
4 BR+
$3,440
Research median
$2,290/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 33408 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Florida

Rent in ZIP 33408 changed +8.8% 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 7 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($92,216) is $2,305 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,290); a 3-bedroom is $2,970.

Cheaper nearby

ZIP 33410, 2 miles away, rents for 15% less ($2,649/mo), about $5,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33408. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$37,596/yr
At $3,133/mo median
Location
StateFL
CountyPalm Beach County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 8.8% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+8.8% YoY, +2.1% MoM), not inventory.
Demographics

Who lives here

ZIP 33408 (North Palm Beach, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 52.9% of residents hold a bachelor's degree or higher.

Population
18,817
Median income
$92,216
Median age
59.8
Renters
26%
Age distribution
18.8%
17.4%
40.2%
Under 1811.6%
18–3412%
35–5418.8%
55–6417.4%
65+40.2%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
86.6%
White86.6%
Black1.5%
Hispanic9.3%
Asian1.1%
Other1.5%
Education (25+)
19.3%
24.3%
52.9%
No HS diploma3.5%
HS diploma19.3%
Some college24.3%
Bachelor's+52.9%
Housing tenure
74%
26%
Owner74%
Renter26%

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

2022 vs 2026

How ZIP 33408 in North Palm Beach, FL has changed in 5 years

Rent
$2,669 → $3,133
up 17.4%
Income
$82,162 → $92,216
up 12.2%
Population
18,522 → 18,817
up 1.6%
Renter share
21.2% → 26%
+4.8 pts
Bachelor's+
51.6% → 52.9%
+1.3 pts
Median age
58.9 → 59.8
+0.9 yrs

Five years ago, renters in ZIP 33408 in North Palm Beach, FL paid around $2,669 a month. That figure now sits near $3,133, up 17.4% from the 2022 baseline. Census figures show median household income at $92,216 today, compared with $82,162 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 33408 in North Palm Beach, FL adding about 295 residents over the five-year window, up 1.6% on net. The renter share has risen from 21.2% to 26%, with owner-occupied housing accounting for the remainder. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

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About renting in ZIP 33408

Last updated: October 17, 2026

ZIP code 33408 covers North Palm Beach, FL. The median rent here is $3,133/mo as of October 2026. A 1-bedroom rents for a median of $1,930/mo. A 2-bedroom rents for a median of $2,290/mo.

At 41% of local median household income ($92,216/yr), ZIP 33408 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.8% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33408?

To keep rent at or below 30% of gross income, you would need to earn at least $125,000/year (about $60/hour full-time) to afford the median rent of $3,133/mo in ZIP 33408. The local median household income is $92,216/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33408?

Rent in ZIP 33408 has risen 8.8% over the past year as of September 2026. That is the highest level since Zillow's records here began in February 2022.

How does ZIP 33408 compare to other ZIPs in Florida?

ZIP 33408 is one of the pricier among Florida ZIP codes for rent, ranking #52 of 656 at $3,133/mo. Over the year to September 2026, rent in ZIP 33408 changed +8.8%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 33408 compare to the rest of North Palm Beach?

At $3,133/mo, ZIP 33408 is $136 above the North Palm Beach citywide median of $2,997/mo.
Income Affordability
41%
STRETCHED

At $3,133/mo, rent takes ~41% of ZIP 33408's median household income ($92,216/yr). The standard benchmark is 30%.

ZIP 33408 41%Benchmark 30%
State income taxNone
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Schools nearby

Public schools near ZIP 33408 (North Palm Beach, FL)

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