ZIP 33431
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12-month history
Last updated: October 17, 2026
What the numbers show
June. Asking rents in ZIP 33431 usually run 0.8% below trend in June and 0.9% above it in December, about $53 a month apart at today's median. Based on 11 years of data.
Rent in ZIP 33431 is at its highest level since Zillow's records here began in March 2015.
Rent in ZIP 33431 changed +8.3% 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 33431 rose 60.4% while median household income rose 32.6% ($81,381 to $107,896). Rent outpaced income.
Rent in ZIP 33431 is 74.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 5 months in a row, and rose in 11 of the last 12 months.
30% of the median household income ($107,896) is $2,697 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($2,420); a 2-bedroom is $2,870.
5th cheapest of 9 ZIP codes in Boca Raton.
ZIP 33433, 4 miles away, rents for 17% less ($2,586/mo), about $6,200 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 33431. 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 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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 33431 in Boca Raton, FL has changed in 5 years
The median rent in ZIP 33431 in Boca Raton, FL stood at $2,063 in 2021 and currently runs about $3,102, reflecting a 50.4% 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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Tips for renters in ZIP 33431
Last updated: October 17, 2026
ZIP code 33431 covers Boca Raton, FL. The median rent here is $3,102/mo as of October 2026. A 1-bedroom rents for a median of $2,420/mo. A 2-bedroom rents for a median of $2,870/mo.
At 34% of local median household income ($107,896/yr), ZIP 33431 ranks as moderate compared to the national benchmark of 30%. Rents have increased 8.3% over the past year.
Frequently asked questions
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How does ZIP 33431 compare to the rest of Boca Raton?
At $3,102/mo, rent takes ~34% of ZIP 33431's median household income ($107,896/yr). The standard benchmark is 30%.
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