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Rental Insights for ZIP Code 33415 (West Palm Beach, FL)

Housing Rentals in ZIP Code 33415 (West Palm Beach, FL)

33415 ZIP Code in Florida

An In-depth Rental Snapshot of ZIP Code 33415

The 33415 ZIP Code is primarily located in West Palm Beach, FL in Palm Beach County. The estimated median housing rent in this Florida region is $1,185 per month. About 44.9% of housing units in the region are renter-occupied, and this Palm Beach County ZIP Code has an approximate rental vacancy rate of 2.1%.

The median rent in ZIP Code 33415 of $1,185 per month is 1% higher than the aggregate Florida median monthly rent of $1,175, and is 12% higher than the $1,062 the median monthly rent in the U.S. overall. Approximately 52.4% of renters in ZIP Code 33415 pay between $1,000 and $1,499 per month for housing. That is 34% 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 33415 Rental FAQs and Quick Facts

Monthly Rent in ZIP Code 33415

See the chart below for a comparison of monthly rental costs in ZIP Code 33415, Florida, and also in the U.S. as a whole.

This chart visualizes housing rental cost ranges in ZIP Code 33415 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 33415

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

Cost ZIP 33415 Florida U.S.
Less than $500 2.9% 5.3% 9.4%
$500 to $999 25.2% 29.0% 36.2%
$1,000 to $1,499 52.4% 39.0% 30.0%
$1,500 to $1,999 16.2% 17.8% 14.0%
$2,000 to $2,499 3.3% 5.5% 5.6%
$2,500 to $2,999 0.0% 1.9% 2.4%
$3,000 or more 0.0% 1.5% 2.4%

Rent Cost vs. Income in ZIP Code 33415

Renters in ZIP Code 33415 use an estimated 32.17% of their income to cover their monthly rent payments. That is about 1% 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 33415 renters use about 8% more of their income to cover rent expense. Household income figures for ZIP Code 33415 come in lower than in Florida as a whole. The median annual household income in ZIP Code 33415 of $43,567 sits approximately 22% lower than the overall Florida median income of $55,660 and approximately 31% lower than median income of $62,843 in the U.S. as a whole.

Rent as a Percentage of Income in ZIP Code 33415

See the chart below for a comparison of monthly rent cost vs. household income in ZIP Code 33415, 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 33415 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 33415

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

Rent Cost as % of Income ZIP 33415 Florida U.S.
Less than 15.0 percent 10.7% 8.9% 13.1%
15.0 to 19.9 percent 9.4% 10.7% 12.9%
20.0 to 24.9 percent 13.2% 12.4% 12.9%
25.0 to 29.9 percent 7.4% 11.7% 11.6%
30.0 to 34.9 percent 7.5% 9.6% 9.1%
35.0 percent or more 51.8% 46.7% 40.5%

Household Income in ZIP Code 33415

See the table below for the regional comparison of annual household income in ZIP Code 33415.

Income ZIP 33415 Florida U.S.
Less than $10,000 7.9% 6.5% 6.0%
$10,000 to $14,999 5.5% 4.3% 4.3%
$15,000 to $24,999 13.4% 9.9% 8.9%
$25,000 to $34,999 12.6% 10.3% 8.9%
$35,000 to $49,999 17.1% 13.9% 12.3%
$50,000 to $74,999 20.5% 18.3% 17.2%
$75,000 to $99,999 9.9% 12.4% 12.7%
$100,000 to $149,999 9.4% 13.1% 15.1%
$150,000 to $199,999 2.0% 5.3% 6.8%
$200,000 or more 1.6% 6.0% 7.7%

Household Income in ZIP Code 33415

See the chart below for a comparison of annual household income figures in ZIP Code 33415, Florida, and also in the U.S. overall.

This chart visualizes annual household income in ZIP Code 33415 alongside the same figures for the state of Florida and also for the entire U.S.

Miscellaneous Related Stats on ZIP Code 33415

See the table below for the regional comparison of miscellaneous data and information related to housing, rentals, and income in ZIP Code 33415.

ZIP 33415 Florida U.S.
Median Housing Rent $1,185 $1,175 $1,062
Renter-Occupied Housing Units 44.9% 34.6% 36.0%
Rental Vacancy Rate 2.1% 8.4% 6.0%
Average Size of Renter-Occupied Unit 3.24 2.67 2.49
Average # of Bedrooms Per Unit 2.34 2.63 2.75
Percent of Income Spent on Rent 32.17% 31.74% 29.83%
Per Capita Income $20,476 $31,619 $34,103
Median Household Income $56,844 $80,286 $88,607
Living Below the Poverty Line 16.2% 10.0% 9.5%

Summary of Rental-related Data and Stats for ZIP Code 33415

In ZIP Code 33415 (West Palm Beach, FL), and estimated 44.9% of housing units are occupied by renters. This region has an approximate rental vacany rate of 2.1%.

The per capita income in 33415 is estimated at $20,476, which goes along with an estimated median household income of $56,844. About 16.2% of residents in this Palm Beach County region live below the poverty line.

Among renter-occupied units in this ZIP, the average occupancy is 3.24 occupants, while the units have an aggregate average size of 2.34 bedrooms per unit.

Renters in this ZIP-defined region spend an average of 32.17% of their income on housing rental costs.

Rental FAQs for ZIP Code 33415

1

What is the median monthly rent in ZIP Code 33415?

Median rent for housing in ZIP Code 33415 in Palm Beach County in Florida is approximately $1,185 per month.
2

Is it expensive to rent in ZIP Code 33415?

Rent in ZIP Code 33415 is higher than average in the state of Florida overall. The median monthly rent of $1,185 in ZIP Code 33415 is approximately 1% higher than the Florida median of $1,175. Additionally, median rent in this West Palm Beach, FL region ($1,185) is about 12% higher than median monthly rent cost of $1,062 in the U.S. overall.
3

Are high-priced rentals common in ZIP Code 33415?

High-priced rentals are not common in the West Palm Beach, FL ZIP Code of 33415, 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 33415?

Affordable rentals are less common in ZIP Code 33415 than in Florida overall. The percentage of housing rentals in ZIP Code 33415 costing $999 or less per month (28.1%) is approximately 18% 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 38% higher than the previously mentioned 33415 rate of 28.1%.
5

What is the most common cost range that rentals fall into in ZIP Code 33415?

The most common range for rental cost in ZIP Code 33415 is between $1,000 and $1,499 per month. About 52.4% of renters in 33415 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 33415 have a high rental vacancy rate?

The rental vacancy rate in ZIP Code 33415 is lower than the rental vacancy rate in the state of Florida overall. Rental vacancy of 2.1% in ZIP Code 33415 is about 75% lower than the Florida rate of 8.4%. Looking more broadly, rental vacancy in this West Palm Beach, FL region (2.1%) is an estimated 65% 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 33415? How does it compare to other Florida regions?

Median household income in ZIP Code 33415 is lower than in the state of Florida overall. Annual household income of $43,567 in ZIP Code 33415 is about 22% lower than the Florida median of $55,660. Additionally, median household income in this West Palm Beach, FL region ($43,567) is approximately 31% 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 33415 spend on housing costs?

Renters in ZIP Code 33415 spend a higher amount of their income on rent costs than do renters in Florida overall. Renters in ZIP Code 33415 spend an estimated 32.17% of their income on rent payments, which is about 1% 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 8% lower than the ZIP Code 33415 estimated rate of 32.17%.
9

Do renters in ZIP Code 33415 typically spend a large portion of their income on rent payments?

It is common for renters in ZIP Code 33415 to spend a large portion of their income on monthly housing. The percentage of renters in ZIP Code 33415 spending 30 percent or more of their income on rent costs (59.3%) is approximately 5% 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 20% lower than the aforementioned 33415 rate of 59.3%.
10

What is the average household size of renter-occupied units in ZIP Code 33415?

The average household size of renter-occupied units in ZIP Code 33415 is higher than in the state of Florida overall. Annual household size of 3.24 in ZIP Code 33415 is about 21% higher than the Florida median of 2.67. Additionally, median household size in this West Palm Beach, FL region (3.24) is approximately 30% higher than median household size of 2.49 in the U.S. as a whole.

Rental Insights for other Florida ZIP Codes