HousingHandbookReference data

U.S. ZIP Code · FL33487

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

Typical home value

$666,101[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
-0.6%
5-year / yr
+6.9%
10-year / yr
+6.2%

Relative price

vs U.S.
+134.5%
vs metro
+34.6%
vs state
+92.1%
ZIP 33487 location in FL
Location of ZIP 33487 in FL

Price history

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

The typical home in 33487 is worth $666,101 — 34.6% above the Miami-Fort Lauderdale-West Palm Beach, FL median. Over the past year, values have fallen 0.6%. Homes here rent for a typical $3,277 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
$3,277[2]
Gross yield
5.9%[2]
Cap rate
3.5%[2]

#Property tax

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

Effective tax rate
0.8%[3]
Typical annual tax
$5,433[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
20,717[3]
Median household income
$96,066[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

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)3.5%
Annual rent$39,319

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$3,368
Loan principal$532,881
Down payment$133,220
Total interest paid$679,660

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 ratio1.34
Monthly cost to own$4,378
Monthly rent$3,277

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
51st percentile[1]
Rental yield
33rd percentile[2]
Property tax
40th percentile[3]

Frequently asked

How much is a home worth in ZIP code 33487?
The typical home in 33487 is worth $666,101, based on the Zillow Home Value Index.
Are home values rising in 33487?
Home values in 33487 are down 0.6% over the past year, and up 6.9% a year over five years.
What is the typical rent in 33487?
A typical home in 33487 rents for about $3,277 a month, a gross rental yield of 5.9%.
What is the property tax rate in 33487?
The effective property tax rate in 33487 is 0.8% — roughly $5,433 a year on a typical home.
Who lives in 33487?
ZIP code 33487 has a population of 20,717 and a median household income of $96,066.

#Comparable ZIPs

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

  • The Acreage CDP, FL

    Typical home
    $665,569
    Gross yield
    7.1%
  • Tamiami CDP, FL

    Typical home
    $670,862
    Gross yield
    6.3%
  • Miami, FL

    Typical home
    $660,793
    Gross yield
    6.6%
  • Miami Beach, FL

    Typical home
    $672,784
    Gross yield
    7.0%
  • Pembroke Pines, FL

    Typical home
    $673,928
    Gross yield
    6.2%
  • Kendall West CDP, FL

    Typical home
    $674,531
    Gross yield
    6.3%

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

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