FY2027 Small Area FMR · Boca Raton, FL
ZIP 33432 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33432 (Boca Raton, FL) is $3,200 a month, up 4.9% from FY2026. That is 38% above the Fort Lauderdale, FL area-wide FMR of $2,321.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 33432 sits in the Fort Lauderdale, FL area
Of the 87 ZIP codes HUD lists for the area, 33432 has the 6th highest two-bedroom Small Area FMR. Fort Lauderdale, 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 $2,880 and $3,520 for two bedrooms.
ZIP code 33432 crosses more than one HUD area. HUD also lists it under West Palm Beach-Boca Raton, FL (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $2,600 | $2,340 – $2,860 | $1,759 | $2,420 |
| 1 bedroom | $2,740 | $2,466 – $3,014 | $1,902 | $2,570 |
| 2 bedrooms | $3,200 | $2,880 – $3,520 | $2,321 | $3,050 |
| 3 bedrooms | $4,160 | $3,744 – $4,576 | $3,172 | $3,950 |
| 4 bedrooms | $4,800 | $4,320 – $5,280 | $3,662 | $4,580 |
A household renting a two-bedroom home at the Small Area FMR of $3,200 needs about $128,000 a year to keep housing costs at 30% of income. The area median family income is $102,500 and the 80% low-income limit for four people is $101,400. ZIP code 33432 lies mainly in Palm Beach County. See the Fort Lauderdale, FL county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 33432?
HUD's FY2027 Small Area Fair Market Rents for 33432 are $2,600 (studio), $2,740 (1 BR), $3,200 (2 BR), $4,160 (3 BR) and $4,800 (4 BR) a month.
What is the Section 8 payment standard in 33432?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33432 that range is $2,880 to $3,520 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 33432?
The FY2026 income limits of the Fort Lauderdale, FL area apply: median family income $102,500, low-income (80%) limit $101,400 for a family of four.