FY2027 Small Area FMR · West Palm Beach, FL

ZIP 33405 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33405 (West Palm Beach, FL) is $1,930 a month, up 6.6% from FY2026. That is 18% below the West Palm Beach-Boca Raton, FL area-wide FMR of $2,349.

2-bedroom SAFMR$1,930per month ▲ 6.6%

Area-wide 2 BR FMR$2,349West Palm Beach-Boca Raton,

Rank in the area66thof 73 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,737

2 BR Small Area FMR$1,930

110% of SAFMR$2,123

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$1,570▲ 9.0%

1 BR$1,650▲ 7.8%

2 BR$1,930▲ 6.6%

3 BR$2,510▲ 6.8%

4 BR$2,890▲ 6.2%

FY2027 FY2026

Where 33405 sits in the West Palm Beach-Boca Raton, FL area

Of the 73 ZIP codes HUD lists for the area, 33405 has the 66th highest two-bedroom Small Area FMR. West Palm Beach-Boca Raton, FL is one of the 65 metro areas where HUD requires Small Area FMRs for the Housing Choice Voucher program (designated 2016), so local housing agencies must set payment standards from this ZIP code's figure, normally between $1,737 and $2,123 for two bedrooms.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$1,570	$1,413 – $1,727	$1,907	$1,440
1 bedroom	$1,650	$1,485 – $1,815	$2,008	$1,530
2 bedrooms	$1,930	$1,737 – $2,123	$2,349	$1,810
3 bedrooms	$2,510	$2,259 – $2,761	$3,052	$2,350
4 bedrooms	$2,890	$2,601 – $3,179	$3,523	$2,720

A household renting a two-bedroom home at the Small Area FMR of $1,930 needs about $77,200 a year to keep housing costs at 30% of income. The area median family income is $107,600 and the 80% low-income limit for four people is $102,800. ZIP code 33405 lies mainly in Palm Beach County. See the West Palm Beach-Boca Raton, FL county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
33480	Palm Beach	1.8 mi	$2,570
33406	West Palm Beach	2.1 mi	$2,170
33460	Lake Worth	3.3 mi	$2,060
33401	West Palm Beach	3.7 mi	$2,300
33461	Lake Worth	3.8 mi	$2,220
33409	West Palm Beach	4.1 mi	$2,300

Questions

What is the Fair Market Rent for ZIP code 33405?

HUD's FY2027 Small Area Fair Market Rents for 33405 are $1,570 (studio), $1,650 (1 BR), $1,930 (2 BR), $2,510 (3 BR) and $2,890 (4 BR) a month.

What is the Section 8 payment standard in 33405?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33405 that range is $1,737 to $2,123 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 33405?

The FY2026 income limits of the West Palm Beach-Boca Raton, FL area apply: median family income $107,600, low-income (80%) limit $102,800 for a family of four.