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Rental Insights for ZIP Code 33480 (Palm Beach, FL)

Housing Rentals in ZIP Code 33480 (Palm Beach, FL)

33480 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33480

The 33480 ZIP Code is primarily located in Palm Beach, FL in Palm Beach County. The estimated median housing rent in this Florida region is $1,692 per month. About 14.0% of housing units in the region are renter-occupied, and this Palm Beach County ZIP Code has an approximate rental vacancy rate of 2.7%.

The median rent in ZIP Code 33480 of $1,692 per month is 44% higher than the aggregate Florida median monthly rent of $1,175, and is 59% higher than the $1,062 the median monthly rent in the U.S. overall. In ZIP Code 33480, approximately 22.4% of residents pay between $1,500 and $1,999 per month for rent. That is 26% higher than in Florida overall, in which 17.8% of total state residents pay between $1,500 and $1,999 per month for housing.

ZIP Code 33480 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33480

See the chart below for a comparison of monthly rental costs in ZIP Code 33480, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33480 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 33480

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

Cost ZIP 33480 Florida U.S.
Less than $500 4.5% 5.3% 9.4%
$500 to $999 15.2% 29.0% 36.2%
$1,000 to $1,499 21.7% 39.0% 30.0%
$1,500 to $1,999 22.4% 17.8% 14.0%
$2,000 to $2,499 9.0% 5.5% 5.6%
$2,500 to $2,999 19.2% 1.9% 2.4%
$3,000 or more 8.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33480

Renters in ZIP Code 33480 use an estimated 30.63% of their income to cover their monthly rent payments. That is about 3% lower 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 33480 renters use about 3% more of their income to cover rent expense. Household income figures for ZIP Code 33480 come in higher than in Florida as a whole. The median annual household income in ZIP Code 33480 of $116,901 sits approximately 110% higher than the overall Florida median income of $55,660 and approximately 86% higher than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33480

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33480, 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 33480 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 33480

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

Rent Cost as % of Income ZIP 33480 Florida U.S.
Less than 15.0 percent 23.5% 8.9% 13.1%
15.0 to 19.9 percent 2.6% 10.7% 12.9%
20.0 to 24.9 percent 15.0% 12.4% 12.9%
25.0 to 29.9 percent 0.3% 11.7% 11.6%
30.0 to 34.9 percent 5.4% 9.6% 9.1%
35.0 percent or more 53.2% 46.7% 40.5%

Household Income in ZIP Code 33480

See the table below for the regional comparison of annual household income in ZIP Code 33480.

Income ZIP 33480 Florida U.S.
Less than $10,000 3.8% 6.5% 6.0%
$10,000 to $14,999 2.8% 4.3% 4.3%
$15,000 to $24,999 3.9% 9.9% 8.9%
$25,000 to $34,999 5.3% 10.3% 8.9%
$35,000 to $49,999 9.1% 13.9% 12.3%
$50,000 to $74,999 9.1% 18.3% 17.2%
$75,000 to $99,999 8.2% 12.4% 12.7%
$100,000 to $149,999 14.1% 13.1% 15.1%
$150,000 to $199,999 5.5% 5.3% 6.8%
$200,000 or more 38.3% 6.0% 7.7%

Household Income in ZIP Code 33480

See the chart below for a comparison of annual household income figures in ZIP Code 33480, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33480 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33480

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33480.

ZIP 33480 Florida U.S.
Median Housing Rent $1,692 $1,175 $1,062
Renter-Occupied Housing Units 14.0% 34.6% 36.0%
Rental Vacancy Rate 2.7% 8.4% 6.0%
Average Size of Renter-Occupied Unit 1.48 2.67 2.49
Average # of Bedrooms Per Unit 2.47 2.63 2.75
Percent of Income Spent on Rent 30.63% 31.74% 29.83%
Per Capita Income $173,218 $31,619 $34,103
Median Household Income $296,271 $80,286 $88,607
Living Below the Poverty Line 2.1% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33480

In ZIP Code 33480 (Palm Beach, FL), and estimated 14.0% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.7%.

The per capita income in 33480 is estimated at $173,218, which goes along with an estimated median household income of $296,271. About 2.1% of residents in this Palm Beach County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 1.48 occupants, while the units have an aggregate average size of 2.47 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 30.63% of their income on housing rental costs.

Rental FAQs for ZIP Code 33480

1

What is the median monthly rent in ZIP Code 33480?

Median rent for housing in ZIP Code 33480 in Palm Beach County in Florida is approximately $1,692 per month.
2

Is it expensive to rent in ZIP Code 33480?

Rent in ZIP Code 33480 is higher than average in the state of Florida overall. The median monthly rent of $1,692 in ZIP Code 33480 is approximately 44% higher than the Florida median of $1,175. Additionally, median rent in this Palm Beach, FL region ($1,692) is about 59% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33480?

High-priced rentals are more common in ZIP Code 33480 than in Florida overall. The percentage of rentals in ZIP Code 33480 that cost $3,000 or more per month (8.0%) is about 433% 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 233% lower than the aforementioned 33480 rate of 8.0%.
4

Are affordable rentals common in ZIP Code 33480?

Affordable rentals are less common in ZIP Code 33480 than in Florida overall. The percentage of housing rentals in ZIP Code 33480 costing $999 or less per month (19.7%) is approximately 43% 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 57% higher than the previously mentioned 33480 rate of 19.7%.
5

What is the most common cost range that rentals fall into in ZIP Code 33480?

The most common range for rental cost in ZIP Code 33480 is between $1,500 and $1,999 per month. About 22.4% of renters in 33480 pay in this range for monthly rent. In comparison, approximately 17.8% of renters in the state of Florida fall in the between $1,500 and $1,999 range, and 14.0% of overall U.S. renters fall in this range.
6

Does ZIP Code 33480 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33480 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 2.7% in ZIP Code 33480 is about 68% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this Palm Beach, FL region (2.7%) is an estimated 55% lower than the estimated rental vacancy rate of 6.0% in the U.S. overall.
7

What is the average household income in ZIP Code 33480? How does it compare to other Florida regions?

Median household income in ZIP Code 33480 is higher than in the state of Florida overall. Annual household income of $116,901 in ZIP Code 33480 is about 110% higher than the Florida median of $55,660. Additionally, median household income in this Palm Beach, FL region ($116,901) is approximately 86% higher 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 33480 spend on housing costs?

Renters in ZIP Code 33480 spend a lower amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33480 spend an estimated 30.63% of their income on rent payments, which is about 3% lower 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 3% lower than the ZIP Code 33480 estimated rate of 30.63%.
9

Do renters in ZIP Code 33480 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33480 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33480 spending 30 percent or more of their income on rent costs (58.6%) is approximately 4% 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 18% lower than the aforementioned 33480 rate of 58.6%.
10

What is the average household size of renter-occupied units in ZIP Code 33480?

The average household size of renter-occupied units in ZIP Code 33480 is lower than in the state of Florida overall. Annual household size of 1.48 in ZIP Code 33480 is about 45% lower than the Florida median of 2.67. Additionally, median household size in this Palm Beach, FL region (1.48) is approximately 41% lower than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes