ZIP Code · FL

ZIP 33480

Part of Palm Beach, FL

Pop. 10,924·Palm Beach County·4th most expensive ZIP in Florida

Median rent (all units)

$7,563/mo

Year-over-Year

+8.7%

Month-over-Month

+1.2%

vs US Median

+$5,631

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

ZIP 33480 · $7,563

More expensive than 100% of US ZIP codes · National median $1,932/mo

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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 33480 is at its highest level since Zillow's records here began in February 2022.

Past year vs. the rest of Florida

Rent in ZIP 33480 changed +8.7% 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 3 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($150,633) is $3,766 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,620).

Cheaper nearby

ZIP 33405, 2 miles away, rents for 60% less ($3,018/mo), about $54,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33480. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$90,756/yr

At $7,563/mo median

Location

CityPalm Beach

StateFL

CountyPalm Beach County

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 8.7% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+8.7% YoY, +1.2% MoM), not inventory.

Demographics

Who lives here

ZIP 33480 (Palm Beach, FL) is majority owner-occupied, has a large retiree population, has a median income above the national average, 66.4% of residents hold a bachelor's degree or higher.

Population

10,924

Median income

$150,633

Median age

Renters

15.8%

Age distribution

19.6%

63.6%

Under 184.2%

18–343.8%

35–548.8%

55–6419.6%

65+63.6%

Gender

44.5%

55.5%

Male44.5%

Female55.5%

Race & ethnicity

90.4%

White90.4%

Black0.5%

Hispanic5.8%

Asian1.9%

Other1.3%

Education (25+)

20.4%

66.4%

No HS diploma2.4%

HS diploma10.8%

Some college20.4%

Bachelor's+66.4%

Housing tenure

84.2%

15.8%

Owner84.2%

Renter15.8%

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

2022 vs 2026

How ZIP 33480 in Palm Beach, FL has changed in 5 years

Rent

$5,888 → $7,563

up 28.4%

Income

$144,300 → $150,633

up 4.4%

Population

11,050 → 10,924

down 1.1%

Renter share

16.7% → 15.8%

-0.9 pts

Bachelor's+

65.1% → 66.4%

+1.3 pts

The median rent in ZIP 33480 in Palm Beach, FL stood at $5,888 in 2022 and currently runs about $7,563, reflecting a 28.4% increase over the period. Census figures show median household income at $150,633 today, compared with $144,300 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 1.1% since 2021, moving from about 11,050 residents to roughly 10,924. The combined trend lines point to a market that has changed measurably from where it stood in early 2022.

Community

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Local insights

Tips for renters in ZIP 33480

About renting in ZIP 33480

Last updated: October 17, 2026

ZIP code 33480 covers Palm Beach, FL. The median rent here is $7,563/mo as of October 2026.

At 60% of local median household income ($150,633/yr), ZIP 33480 ranks as expensive compared to the national benchmark of 30%. Rents have increased 8.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33480?

To keep rent at or below 30% of gross income, you would need to earn at least $303,000/year (about $146/hour full-time) to afford the median rent of $7,563/mo in ZIP 33480. The local median household income is $150,633/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33480?

Rent in ZIP 33480 has risen 8.7% 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 33480 compare to other ZIPs in Florida?

ZIP 33480 is one of the pricier among Florida ZIP codes for rent, ranking #4 of 656 at $7,563/mo. Over the year to September 2026, rent in ZIP 33480 changed +8.7%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.