HousingHandbookReference data

U.S. ZIP Code · FL33408

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

Typical home value

$607,632[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-3.5%
5-year / yr
+5.5%
10-year / yr
+5.9%

Relative price

vs U.S.
+113.9%
vs metro
+22.7%
vs state
+75.2%
ZIP 33408 location in FL
Location of ZIP 33408 in FL

Price history

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

The typical home in 33408 is worth $607,632 — 22.7% above the Miami-Fort Lauderdale-West Palm Beach, FL median. Over the past year, values have fallen 3.5%. Homes here rent for a typical $3,009 a month — a 5.9% 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
$3,009[2]
Gross yield
5.9%[2]
Cap rate
3.6%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$4,911[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
18,817[3]
Median household income
$92,216[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
1
Elementary
0
Middle
0
High
0
  • THE CONSERVATORY SCHOOL AT NORTH PALM BEACH

    Other · Grades PK–9 · PALM BEACH

    890 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.

Gross yield5.9%
Net yield (after ~40% expenses)3.6%
Annual rent$36,111

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.

Monthly payment$3,073
Loan principal$486,106
Down payment$121,526
Total interest paid$620,001

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.

Own : rent ratio1.33
Monthly cost to own$3,989
Monthly rent$3,009

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
20th percentile[1]
Rental yield
33rd percentile[2]
Property tax
37th percentile[3]

Frequently asked

How much is a home worth in ZIP code 33408?
The typical home in 33408 is worth $607,632, based on the Zillow Home Value Index.
Are home values rising in 33408?
Home values in 33408 are down 3.5% over the past year, and up 5.5% a year over five years.
What is the typical rent in 33408?
A typical home in 33408 rents for about $3,009 a month, a gross rental yield of 5.9%.
What is the property tax rate in 33408?
The effective property tax rate in 33408 is 0.8% — roughly $4,911 a year on a typical home.
Who lives in 33408?
ZIP code 33408 has a population of 18,817 and a median household income of $92,216.

#Comparable ZIPs

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

  • Miami Springs, FL

    Typical home
    $607,021
    Gross yield
    5.6%
  • Davie, FL

    Typical home
    $609,492
    Gross yield
    5.3%
  • Fort Lauderdale, FL

    Typical home
    $603,381
    Gross yield
    5.2%
  • West Palm Beach, FL

    Typical home
    $615,111
    Gross yield
    5.4%
  • Jupiter, FL

    Typical home
    $615,757
    Gross yield
    5.6%
  • Wellington, FL

    Typical home
    $616,645
    Gross yield
    5.8%

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

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Pit ZIP 33408 against any other ZIP — full side-by-side table.

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