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ZIP Code · FL

ZIP 33431

Pop. 24,608·Palm Beach County·44th most expensive ZIP in Florida
Median rent (all units)
$3,195/mo
Year-over-Year
+11.7%
Month-over-Month
+4.5%
vs US Median
+$1,230
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 33431 · $3,195
More expensive than 92% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$2,280
1 BR
$2,420
2 BR
$2,870
3 BR
$3,720
4 BR+
$4,310
Research median
$2,870/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
$38,340/yr
At $3,195/mo median
Location
StateFL
CountyPalm Beach County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 11.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+11.7% YoY, +4.5% MoM), not inventory.
Demographics

Who lives here

ZIP 33431 (Boca Raton, FL) is majority owner-occupied, skews toward younger working-age adults, has a median income above the national average, 61.2% of residents hold a bachelor's degree or higher.

Population
24,608
Median income
$107,896
Median age
29.7
Renters
34.5%
Age distribution
16.1%
38.4%
16.3%
18.5%
Under 1816.1%
18–3438.4%
35–5416.3%
55–6410.7%
65+18.5%
Gender
42.5%
57.5%
Male42.5%
Female57.5%
Race & ethnicity
66.1%
13.1%
14.9%
White66.1%
Black13.1%
Hispanic14.9%
Asian3.3%
Other2.6%
Education (25+)
12.6%
21.2%
61.2%
No HS diploma5%
HS diploma12.6%
Some college21.2%
Bachelor's+61.2%
Housing tenure
65.5%
34.5%
Owner65.5%
Renter34.5%

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

2021 vs 2026

How ZIP 33431 in Boca Raton, FL has changed in 5 years

Rent
$2,015 → $3,195
up 58.6%
Income
$93,636 → $107,896
up 15.2%
Population
21,554 → 24,608
up 14.2%
Renter share
28.4% → 34.5%
+6.1 pts
Bachelor's+
56.5% → 61.2%
+4.7 pts
Median age
39.5 → 29.7
-9.8 yrs

The median rent in ZIP 33431 in Boca Raton, FL stood at $2,015 in 2021 and currently runs about $3,195, reflecting a 58.6% increase over the period. Median household income rose from $93,636 to $107,896 between 2021 and 2024, a 15.2% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 14.2% since 2021, moving from about 21,554 residents to roughly 24,608. Renters now make up 34.5% of households, compared with 28.4% five years ago. College-educated residents now make up 61.2% of adults here, versus 56.5% in 2021. Taken together, the five-year picture in ZIP 33431 in Boca Raton, 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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Local insights

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About renting in ZIP 33431

Last updated: July 20, 2026

ZIP code 33431 covers Boca Raton, FL. The median rent here is $3,195/mo as of July 2026. A 1-bedroom rents for a median of $2,420/mo. A 2-bedroom rents for a median of $2,870/mo.

At 36% of local median household income ($107,896/yr), ZIP 33431 ranks as moderate compared to the national benchmark of 30%. Rents have increased 11.7% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 33431?

As of July 20, 2026, the median monthly rent in ZIP 33431 (Boca Raton, FL) is $3,195. This is based on aggregated data from public sources and community submissions.

How does ZIP 33431 rent compare to the US average?

ZIP 33431's median rent of $3,195/mo is $1,230 (63%) above the US national median of $1,965/mo.

How does ZIP 33431 compare to other ZIPs in Florida?

ZIP 33431 is one of the pricier ZIP codes in Florida, ranking #44 out of 662 ZIPs tracked at $3,195/mo.

How much income do you need to rent in ZIP 33431?

To keep rent at or below 30% of gross income, you would need to earn at least $128,000/year (~$62/hour full-time) to afford the median rent of $3,195/mo in ZIP 33431. The local median household income is $107,896/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 33431?

Rent in ZIP 33431 has increased 11.7% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 33431 an affordable place to rent?

ZIP 33431 is considered moderate for renters. At $3,195/mo, rent takes approximately 36% of the local median household income ($107,896/yr). The standard benchmark is 30%. ZIP 33431 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 33431 residents rent vs. own?

According to Census data, approximately 34.5% of ZIP 33431 households are renters, while 65.5% are owner-occupied. ZIP 33431 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 33431 compare to the rest of Boca Raton?

ZIP 33431 is pricier than Boca Raton as a whole. At $3,195/mo, it's $255 above the Boca Raton citywide median of $2,940/mo.

When was rent data for ZIP 33431 last updated?

Rent data for ZIP 33431 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
36%
MODERATE

At $3,195/mo, rent takes ~36% of ZIP 33431's median household income ($107,896/yr). The standard benchmark is 30%.

ZIP 33431 36%Benchmark 30%
State income taxNone
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Public schools near ZIP 33431 (Boca Raton, FL)

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