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Rental Insights for ZIP Code 33401 (West Palm Beach, FL)

Housing Rentals in ZIP Code 33401 (West Palm Beach, FL)

33401 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33401

The 33401 ZIP Code is primarily located in West Palm Beach, FL in Palm Beach County. The estimated median housing rent in this Florida region is $1,364 per month. About 61.3% of housing units in the region are renter-occupied, and this Palm Beach County ZIP Code has an approximate rental vacancy rate of 9.0%.

The median rent in ZIP Code 33401 of $1,364 per month is 16% higher than the aggregate Florida median monthly rent of $1,175, and is 28% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 29.1% of residents in ZIP Code 33401 pay between $1,000 and $1,499 per month for rent. That is 25% lower than in Florida overall, in which 39.0% of total state residents pay between $1,000 and $1,499 per month for housing.

ZIP Code 33401 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33401

See the chart below for a comparison of monthly rental costs in ZIP Code 33401, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33401 along with those in the state of Florida and the U.S. overall. For example, what percentage of renters pay between $1,000 and $1,499 monthly.

Rental Cost in ZIP Code 33401

See the table below for the regional comparison of monthly rental costs.

Cost ZIP 33401 Florida U.S.
Less than $500 2.9% 5.3% 9.4%
$500 to $999 25.7% 29.0% 36.2%
$1,000 to $1,499 29.1% 39.0% 30.0%
$1,500 to $1,999 25.4% 17.8% 14.0%
$2,000 to $2,499 11.6% 5.5% 5.6%
$2,500 to $2,999 3.6% 1.9% 2.4%
$3,000 or more 1.7% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33401

Renters in ZIP Code 33401 use an estimated 32.07% of their income to cover their monthly rent payments. That is about 1% higher than in Florida overall. The estimate for Florida overall is 31.74% of income used for housing rent payments. In comparison to the U.S. as a whole, ZIP Code 33401 renters use about 8% more of their income to cover rent expense. Household income figures for ZIP Code 33401 come in lower than in Florida as a whole. The median annual household income in ZIP Code 33401 of $50,824 sits approximately 9% lower than the overall Florida median income of $55,660 and approximately 19% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33401

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33401, Florida, and also in the U.S. as a whole.

This chart visualizes monthly rent cost as a percentage of household income in ZIP Code 33401 along with the same calculations in the state of Florida and the U.S. overall. For example, what percentage of renters pay 15.0 to 19.9 percent of the monthly household income toward rent.

Rent as a Percentage of Income in ZIP Code 33401

See the table below for the regional comparison of monthly rent as a percentage of household income.

Rent Cost as % of Income ZIP 33401 Florida U.S.
Less than 15.0 percent 9.4% 8.9% 13.1%
15.0 to 19.9 percent 9.8% 10.7% 12.9%
20.0 to 24.9 percent 9.5% 12.4% 12.9%
25.0 to 29.9 percent 14.1% 11.7% 11.6%
30.0 to 34.9 percent 9.5% 9.6% 9.1%
35.0 percent or more 47.8% 46.7% 40.5%

Household Income in ZIP Code 33401

See the table below for the regional comparison of annual household income in ZIP Code 33401.

Income ZIP 33401 Florida U.S.
Less than $10,000 6.8% 6.5% 6.0%
$10,000 to $14,999 6.2% 4.3% 4.3%
$15,000 to $24,999 10.9% 9.9% 8.9%
$25,000 to $34,999 10.3% 10.3% 8.9%
$35,000 to $49,999 15.3% 13.9% 12.3%
$50,000 to $74,999 15.0% 18.3% 17.2%
$75,000 to $99,999 11.5% 12.4% 12.7%
$100,000 to $149,999 13.7% 13.1% 15.1%
$150,000 to $199,999 4.2% 5.3% 6.8%
$200,000 or more 6.3% 6.0% 7.7%

Household Income in ZIP Code 33401

See the chart below for a comparison of annual household income figures in ZIP Code 33401, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33401 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33401

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33401.

ZIP 33401 Florida U.S.
Median Housing Rent $1,364 $1,175 $1,062
Renter-Occupied Housing Units 61.3% 34.6% 36.0%
Rental Vacancy Rate 9.0% 8.4% 6.0%
Average Size of Renter-Occupied Unit 2.39 2.67 2.49
Average # of Bedrooms Per Unit 2.04 2.63 2.75
Percent of Income Spent on Rent 32.07% 31.74% 29.83%
Per Capita Income $35,877 $31,619 $34,103
Median Household Income $82,442 $80,286 $88,607
Living Below the Poverty Line 12.0% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33401

In ZIP Code 33401 (West Palm Beach, FL), and estimated 61.3% of housing units are occupied by renters. This region has an approximate rental vacany rate of 9.0%.

The per capita income in 33401 is estimated at $35,877, which goes along with an estimated median household income of $82,442. About 12.0% of residents in this Palm Beach County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 2.39 occupants, while the units have an aggregate average size of 2.04 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.07% of their income on housing rental costs.

Rental FAQs for ZIP Code 33401

1

What is the median monthly rent in ZIP Code 33401?

Median rent for housing in ZIP Code 33401 in Palm Beach County in Florida is approximately $1,364 per month.
2

Is it expensive to rent in ZIP Code 33401?

Rent in ZIP Code 33401 is higher than average in the state of Florida overall. The median monthly rent of $1,364 in ZIP Code 33401 is approximately 16% higher than the Florida median of $1,175. Additionally, median rent in this West Palm Beach, FL region ($1,364) is about 28% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33401?

High-priced rentals are more common in ZIP Code 33401 than in Florida overall. The percentage of rentals in ZIP Code 33401 that cost $3,000 or more per month (1.7%) is about 13% higher than the Florida rate of 1.5% that cost that much. Additionally, the overall U.S. rate of 2.4% paying $3,000 or more per month is about 29% higher than the aforementioned 33401 rate of 1.7%.
4

Are affordable rentals common in ZIP Code 33401?

Affordable rentals are less common in ZIP Code 33401 than in Florida overall. The percentage of housing rentals in ZIP Code 33401 costing $999 or less per month (28.6%) is approximately 17% lower than the Florida rate of 34.3% that fall in that range. In addition, the aggregate U.S. rate of 45.6% paying $999 or less per month is about 37% higher than the previously mentioned 33401 rate of 28.6%.
5

What is the most common cost range that rentals fall into in ZIP Code 33401?

The most common range for rental cost in ZIP Code 33401 is between $1,000 and $1,499 per month. About 29.1% of renters in 33401 pay in this range for monthly rent. In comparison, approximately 39.0% of renters in the state of Florida fall in the between $1,000 and $1,499 range, and 30.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 33401 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33401 is higher than the rental vacancy rate in the state of Florida overall. Rental vacancy of 9.0% in ZIP Code 33401 is about 7% higher than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this West Palm Beach, FL region (9.0%) is an estimated 50% higher than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 33401? How does it compare to other Florida regions?

Median household income in ZIP Code 33401 is lower than in the state of Florida overall. Annual household income of $50,824 in ZIP Code 33401 is about 9% lower than the Florida median of $55,660. Additionally, median household income in this West Palm Beach, FL region ($50,824) is approximately 19% lower than median household income of $62,843 in the U.S. as a whole.
8

How much of their income do renters in ZIP Code 33401 spend on housing costs?

Renters in ZIP Code 33401 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33401 spend an estimated 32.07% of their income on rent payments, which is about 1% higher than the overall Florida estimated rate of 31.74%. In addition, the aggregate U.S. estimated rate of 29.83% of income spent on housing rental costs is about 8% lower than the ZIP Code 33401 estimated rate of 32.07%.
9

Do renters in ZIP Code 33401 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33401 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33401 spending 30 percent or more of their income on rent costs (57.3%) is approximately 2% higher than the Florida rate of 56.3% that spend that much. In addition, the overall U.S. rate of 49.6% paying 30 percent or more of their income on rent costs is about 16% lower than the aforementioned 33401 rate of 57.3%.
10

What is the average household size of renter-occupied units in ZIP Code 33401?

The average household size of renter-occupied units in ZIP Code 33401 is lower than in the state of Florida overall. Annual household size of 2.39 in ZIP Code 33401 is about 10% lower than the Florida median of 2.67. Additionally, median household size in this West Palm Beach, FL region (2.39) is approximately 4% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes