How much is a home worth in ZIP code 33406?

The typical home in 33406 is worth $424,145, based on the Zillow Home Value Index.

Are home values rising in 33406?

Home values in 33406 are down 1.4% over the past year, and up 6.6% a year over five years.

What is the typical rent in 33406?

A typical home in 33406 rents for about $2,364 a month, a gross rental yield of 6.7%.

What is the property tax rate in 33406?

The effective property tax rate in 33406 is 0.8% — roughly $3,349 a year on a typical home.

ZIP code 33406 has a population of 26,945 and a median household income of $77,075.

HousingHandbookReference data

…

U.S. ZIP Code · FL33406

Palm Beach County · Miami-Fort Lauderdale-West Palm Beach, FL

Typical home value

$424,145^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -1.4%
5-year / yr: +6.6%
10-year / yr: +8.4%

Relative price

vs U.S.: +49.3%
vs metro: -14.3%
vs state: +22.3%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 33406 is worth $424,145 — 14.3% below the Miami-Fort Lauderdale-West Palm Beach, FL median. Over the past year, values have fallen 1.4%. Homes here rent for a typical $2,364 a month — a 6.7% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $2,364^[2]
Gross yield: 6.7%^[2]
Cap rate: 4.0%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,349^[3]

#Climate risk

FEMA National Risk Index ratings for Palm Beach County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively High^[4]
Riverine flood: Relatively High
Coastal flood: Relatively High
Wildfire: Relatively Moderate
Drought: Relatively High
Heat wave: Relatively High
Hurricane: Very High
Tornado: Relatively High
Earthquake: Very Low
Winter weather: No Rating

#Who lives here

Population: 26,945^[3]
Median household income: $77,075^[3]

#Migration

Household moves in and out of Palm Beach County over a year, from IRS tax-return data.

Net migration: -1,358^[5]
Moved in: 40,093
Moved out: 41,451

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 3
Middle: 2
High: 5

PALM SPRINGS MIDDLE SCHOOL
Middle · Grades 6–8 · PALM BEACH
1,470 students
RENAISSANCE CHARTER SCHOOL AT SUMMIT
Elementary · Grades K–8 · PALM BEACH
1,106 students
BERKSHIRE ELEMENTARY SCHOOL
Elementary · Grades PK–5 · PALM BEACH
1,031 students
MEADOW PARK ELEMENTARY SCHOOL
Elementary · Grades PK–5 · PALM BEACH
805 students
G-STAR SCHOOL OF THE ARTS
High · Grades 9–12 · PALM BEACH
693 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield6.7%

Net yield (after ~40% expenses)4.0%

Annual rent$28,366

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,145

Loan principal$339,316

Down payment$84,829

Total interest paid$432,779

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.17

Monthly cost to own$2,777

Monthly rent$2,364

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 42nd percentile^[1]
Rental yield: 51st percentile^[2]
Property tax: 33rd percentile^[3]

Frequently asked

How much is a home worth in ZIP code 33406?: The typical home in 33406 is worth $424,145, based on the Zillow Home Value Index.
Are home values rising in 33406?: Home values in 33406 are down 1.4% over the past year, and up 6.6% a year over five years.
What is the typical rent in 33406?: A typical home in 33406 rents for about $2,364 a month, a gross rental yield of 6.7%.
What is the property tax rate in 33406?: The effective property tax rate in 33406 is 0.8% — roughly $3,349 a year on a typical home.
Who lives in 33406?: ZIP code 33406 has a population of 26,945 and a median household income of $77,075.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

33142 vs 33406 →
Miami, FL
Typical home
$422,302
Gross yield
6.7%
33404 vs 33406 →
Riviera Beach, FL
Typical home
$426,407
Gross yield
7.5%
33437
FL
Typical home
$427,299
Gross yield
7.2%
33054
Opa-locka, FL
Typical home
$420,746
Gross yield
7.6%
33141
Miami Beach, FL
Typical home
$419,621
Gross yield
7.4%
33060
Pompano Beach, FL
Typical home
$433,858
Gross yield
6.7%

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

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Pit ZIP 33406 against any other ZIP — full side-by-side table.

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#Jump to section

U.S. ZIP Code · FL33406

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