FY2027 Small Area FMR · Boca Raton, FL
ZIP 33487 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 33487 (Boca Raton, FL) is $3,070 a month, up 7.0% from FY2026. That is 31% above the West Palm Beach-Boca Raton, FL area-wide FMR of $2,349.
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 33487 sits in the West Palm Beach-Boca Raton, FL area
Of the 73 ZIP codes HUD lists for the area, 33487 has the 8th 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 $2,763 and $3,377 for two bedrooms.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $2,490 | $2,241 – $2,739 | $1,907 | $2,280 |
| 1 bedroom | $2,620 | $2,358 – $2,882 | $2,008 | $2,420 |
| 2 bedrooms | $3,070 | $2,763 – $3,377 | $2,349 | $2,870 |
| 3 bedrooms | $3,990 | $3,591 – $4,389 | $3,052 | $3,720 |
| 4 bedrooms | $4,600 | $4,140 – $5,060 | $3,523 | $4,310 |
A household renting a two-bedroom home at the Small Area FMR of $3,070 needs about $122,800 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 33487 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
Questions
What is the Fair Market Rent for ZIP code 33487?
HUD's FY2027 Small Area Fair Market Rents for 33487 are $2,490 (studio), $2,620 (1 BR), $3,070 (2 BR), $3,990 (3 BR) and $4,600 (4 BR) a month.
What is the Section 8 payment standard in 33487?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 33487 that range is $2,763 to $3,377 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 33487?
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.