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Rental Insights for ZIP Code 33460 (Lake Worth, FL)

Housing Rentals in ZIP Code 33460 (Lake Worth, FL)

33460 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33460

The 33460 ZIP Code is primarily located in Lake Worth, FL in Palm Beach County. The estimated median housing rent in this Florida region is $1,098 per month. About 57.4% of housing units in the region are renter-occupied, and this Palm Beach County ZIP Code has an approximate rental vacancy rate of 6.9%.

The median rent in ZIP Code 33460 of $1,098 per month is 7% lower than the aggregate Florida median monthly rent of $1,175, and is 3% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 40.9% of residents in ZIP Code 33460 have a monthly rent payment between $1,000 and $1,499. That is 5% higher 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 33460 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33460

See the chart below for a comparison of monthly rental costs in ZIP Code 33460, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33460 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 33460

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

Cost ZIP 33460 Florida U.S.
Less than $500 5.0% 5.3% 9.4%
$500 to $999 35.4% 29.0% 36.2%
$1,000 to $1,499 40.9% 39.0% 30.0%
$1,500 to $1,999 15.1% 17.8% 14.0%
$2,000 to $2,499 3.3% 5.5% 5.6%
$2,500 to $2,999 0.3% 1.9% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33460

Renters in ZIP Code 33460 use an estimated 34.04% of their income to cover their monthly rent payments. That is about 7% 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 33460 renters use about 14% more of their income to cover rent expense. Household income figures for ZIP Code 33460 come in lower than in Florida as a whole. The median annual household income in ZIP Code 33460 of $42,329 sits approximately 24% lower than the overall Florida median income of $55,660 and approximately 33% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33460

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33460, 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 33460 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 33460

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

Rent Cost as % of Income ZIP 33460 Florida U.S.
Less than 15.0 percent 5.7% 8.9% 13.1%
15.0 to 19.9 percent 9.8% 10.7% 12.9%
20.0 to 24.9 percent 13.4% 12.4% 12.9%
25.0 to 29.9 percent 6.5% 11.7% 11.6%
30.0 to 34.9 percent 5.0% 9.6% 9.1%
35.0 percent or more 59.6% 46.7% 40.5%

Household Income in ZIP Code 33460

See the table below for the regional comparison of annual household income in ZIP Code 33460.

Income ZIP 33460 Florida U.S.
Less than $10,000 6.2% 6.5% 6.0%
$10,000 to $14,999 7.3% 4.3% 4.3%
$15,000 to $24,999 13.2% 9.9% 8.9%
$25,000 to $34,999 14.2% 10.3% 8.9%
$35,000 to $49,999 15.1% 13.9% 12.3%
$50,000 to $74,999 17.4% 18.3% 17.2%
$75,000 to $99,999 9.9% 12.4% 12.7%
$100,000 to $149,999 10.1% 13.1% 15.1%
$150,000 to $199,999 3.3% 5.3% 6.8%
$200,000 or more 3.3% 6.0% 7.7%

Household Income in ZIP Code 33460

See the chart below for a comparison of annual household income figures in ZIP Code 33460, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33460 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33460

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33460.

ZIP 33460 Florida U.S.
Median Housing Rent $1,098 $1,175 $1,062
Renter-Occupied Housing Units 57.4% 34.6% 36.0%
Rental Vacancy Rate 6.9% 8.4% 6.0%
Average Size of Renter-Occupied Unit 3.09 2.67 2.49
Average # of Bedrooms Per Unit 2.08 2.63 2.75
Percent of Income Spent on Rent 34.04% 31.74% 29.83%
Per Capita Income $23,713 $31,619 $34,103
Median Household Income $62,226 $80,286 $88,607
Living Below the Poverty Line 18.9% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33460

In ZIP Code 33460 (Lake Worth, FL), and estimated 57.4% of housing units are occupied by renters. This region has an approximate rental vacany rate of 6.9%.

The per capita income in 33460 is estimated at $23,713, which goes along with an estimated median household income of $62,226. About 18.9% of residents in this Palm Beach County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.09 occupants, while the units have an aggregate average size of 2.08 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 34.04% of their income on housing rental costs.

Rental FAQs for ZIP Code 33460

1

What is the median monthly rent in ZIP Code 33460?

Median rent for housing in ZIP Code 33460 in Palm Beach County in Florida is approximately $1,098 per month.
2

Is it expensive to rent in ZIP Code 33460?

Rent in ZIP Code 33460 is lower than average in the state of Florida overall. The median monthly rent of $1,098 in ZIP Code 33460 is approximately 7% lower than the Florida median of $1,175. Additionally, median rent in this Lake Worth, FL region ($1,098) is about 3% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33460?

High-priced rentals are not common in the Lake Worth, FL ZIP Code of 33460, as the region has no rentals costing $3,000 or more per month. In contrast, in the state of Florida overall, approximately 1.5% of rentals fall in this upper tier of $3,000 or more per month.
4

Are affordable rentals common in ZIP Code 33460?

Affordable rentals are more common in ZIP Code 33460 than in Florida overall. The percentage of housing rentals in ZIP Code 33460 costing $999 or less per month (40.4%) is approximately 18% higher 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 11% higher than the previously mentioned 33460 rate of 40.4%.
5

What is the most common cost range that rentals fall into in ZIP Code 33460?

The most common range for rental cost in ZIP Code 33460 is between $1,000 and $1,499 per month. About 40.9% of renters in 33460 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 33460 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33460 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 6.9% in ZIP Code 33460 is about 18% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Lake Worth, FL region (6.9%) is an estimated 15% 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 33460? How does it compare to other Florida regions?

Median household income in ZIP Code 33460 is lower than in the state of Florida overall. Annual household income of $42,329 in ZIP Code 33460 is about 24% lower than the Florida median of $55,660. Additionally, median household income in this Lake Worth, FL region ($42,329) is approximately 33% 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 33460 spend on housing costs?

Renters in ZIP Code 33460 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33460 spend an estimated 34.04% of their income on rent payments, which is about 7% 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 14% lower than the ZIP Code 33460 estimated rate of 34.04%.
9

Do renters in ZIP Code 33460 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33460 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33460 spending 30 percent or more of their income on rent costs (64.6%) is approximately 15% 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 30% lower than the aforementioned 33460 rate of 64.6%.
10

What is the average household size of renter-occupied units in ZIP Code 33460?

The average household size of renter-occupied units in ZIP Code 33460 is higher than in the state of Florida overall. Annual household size of 3.09 in ZIP Code 33460 is about 16% higher than the Florida median of 2.67. Additionally, median household size in this Lake Worth, FL region (3.09) is approximately 24% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes