The story of this market
The typical home in ZIP 33401 sells for about $550,000.
Prices are down 12.4% from a year ago, which gives buyers more room to negotiate. Homes take about 97 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,776 a month.
ZIP 33401 — West Palm Beach
The 33401 housing market shows a correction in median sale prices compared to the previous year, likely reflecting a shift in inventory composition toward smaller units. Despite the price dip, the area remains a high-demand urban core with significant rental activity and ongoing development. Specific figures for active inventory, days on market, and tax rates were not available at the ZIP level and are omitted.
This area is ideal for young professionals, urban commuters, and investors seeking proximity to the downtown business district and waterfront lifestyle.
Median prices moved down 12.4% year over year.
Homes spend a median of 97 days on market with 0.0 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.5% · poverty 16.1% — a stable, low-distress profile.
ZCTA 33401, Palm Beach County FL
Downtown West Palm Beach is experiencing significant urban development with high-density residential and mixed-use projects, supported by proximity to major corporate hubs and the Brightline transit corridor.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Florida) — Statewide Uniform Property Tax Lien Priority & Tax Deed Sale Enforcement: Unpaid real ad valorem and non-ad valorem taxes become a first-priority sovereign lien on January 1 of the tax year, superior to all mortgages and private liens. If unpaid by April 1 following the tax year, tax certificates are sold via competitive bidding under § 197.432. State (Florida) — Community Development District (CDD) Special Assessment & Financing Lien Mandate: Binds the parcel to non-ad valorem assessments levied directly by the CDD board to fund infrastructure bonds (capital assessments) and operations/maintenance (O&M assessments). State (Florida) — Florida Constitutional Homestead Exemption & Save Our Homes (SOH) Assessment Cap: Reduces taxable value by up to $50,000: base $25,000 exemption applies to all taxing authorities (including school districts); second $25,000 exemption applies to assessed value between $50,000 and $75,000 for non-school millage. State (Florida) — Florida Ad Valorem Real Property Assessment & Tax Mechanics: Parcels are assessed annually at 100% just value (market value) as of January 1 by county property appraisers. Tax formula: Tax Bill = (Taxable Value / 1,000) * Total Levied Millage Rate. Assessed Value = Just Value - Assessment Limitations.
The area is highly walkable and serves as a central employment hub, with easy access to the Brightline station and major regional highway corridors.
The ZIP features extensive waterfront access along the Intracoastal Waterway, proximity to Clematis Street's dining and shopping, and several urban parks.
The rental market is robust with a high concentration of luxury apartment complexes and significant investor activity, though vacancy pressure remains dynamic due to ongoing new supply.
The economy is anchored by professional services, finance, and tourism, with significant growth driven by corporate relocations to the downtown business district.
The area is served by the Brightline high-speed rail, I-95, and local bus networks, facilitating strong regional connectivity.
The downtown area continues to see a pipeline of high-rise residential and office developments aimed at increasing urban density.
Data retrieved from zipcode-data.com and Census ACS 5-year estimates.
- Rapids Waterpark4.25 mi
- Fun Depot4.26.3 mi
- Ninja Kidz Action Park for kids4.99.7 mi
- Silverball Retro Arcade4.717.5 mi
- K1 Speed Riviera Beach3.96.1 mi
- South Florida Fair4.48.8 mi
- Loggerhead Marinelife Center4.811.7 mi
- PGA National Resort4.49.6 mi
- iTHINK Financial Amphitheatre4.58.5 mi
- Raymond F. Kravis Center for the Performing Arts4.70.7 mi
- Palm Beach Zoo & Conservation Society4.53.5 mi
- Loggerhead Marinelife Center4.811.7 mi
- Manatee Lagoon4.73.3 mi
- Phil Foster Park4.64.8 mi
- CityPlace4.60.5 mi
- Loggerhead Marinelife Center4.811.7 mi
- CityPlace4.60.5 mi
- Flagler Museum4.80.6 mi
- Norton Museum of Art4.71 mi
- Cox Science Center and Aquarium4.33.3 mi
- Phil Foster Park4.64.8 mi
- CityPlace4.60.5 mi
- Okeeheelee Park4.87.9 mi
- Lake Worth Beach Park4.67 mi
- Mounts Botanical Garden4.64.2 mi
- U-Tiki Beach at Jupiter Inlet Marina4.516 mi
- Sailfish Marina4.44.4 mi
- Safe Harbor Rybovich4.72.4 mi
- Ocean Inlet Park4.711.8 mi
- Palm Harbor Marina4.60.2 mi
- PGA National Resort4.49.6 mi
- The Park4.84.4 mi
- Drive Shack4.72.3 mi
- Palm Beach Par-3 Golf Course4.75.8 mi
- Palm Beach National Golf & Country Club4.59.2 mi
- Tanger Outlets Palm Beach4.52.1 mi
- The Gardens Mall4.59.4 mi
- The Mall at Wellington Green4.510.7 mi
- CityPlace4.60.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The historic heart of downtown featuring numerous restaurants, bars, and retail shops.
Provides extensive public access, parks, and recreational boating opportunities.
Major high-speed rail connection linking the area to Miami, Fort Lauderdale, and Orlando.
Key-figure check: median price diverges 21.8% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $430,000 (21.8% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $430,000 (-21.8% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.