The story of this market
The typical home in ZIP 33407 sells for about $410,000, or $310 per square foot.
Prices are up +9.3% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,608 a month.
ZIP 33407 — West Palm Beach
The 33407 housing market is currently experiencing a buyer's market dynamic with a median sale price of $410,000. Prices have seen a year-over-year increase of 9.3%, while homes are selling in approximately 68 days.
This ZIP is well-suited for families and commuters seeking proximity to the West Palm Beach urban core, as well as investors looking for opportunities in a high-demand rental market.
Median prices moved up 9.3% year over year.
Homes spend a median of 68 days on market with 0.0 months of supply — a balanced-paced market.
0% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 6.0% · poverty 20.4% — a mixed stability profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 33407, Palm Beach County, FL
Crime rates in the West Palm Beach area are generally higher than the national average, with localized variations in safety across the ZIP code.
Schools serving the area are part of the Palm Beach County School District, which maintains a diverse range of academic performance ratings across its various elementary, middle, and high school campuses.
The area is subject to significant hurricane and tropical storm risks, necessitating robust windstorm insurance coverage and adherence to flood zone building requirements.
Economic momentum is driven by the broader West Palm Beach commercial corridor, with ongoing redevelopment projects aimed at increasing density and modernizing infrastructure.
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.
Residents typically rely on I-95 and the Florida Turnpike for commuting to major employment hubs in downtown West Palm Beach and surrounding business districts.
The area features proximity to the Intracoastal Waterway, various public parks, and shopping centers like the Palm Beach Outlets, providing diverse recreational and retail access.
The rental market is characterized by high demand and steady rent growth, with a mix of long-term residential leases and some investor-owned properties.
The economy is anchored by tourism, healthcare, and professional services, with significant employment concentration in the greater West Palm Beach metropolitan area.
The area is served by major highway corridors including I-95 and is supported by regional bus transit services.
Ongoing urban infill and mixed-use development projects are actively reshaping the residential and commercial landscape of the area.
The Palm Beach County Property Appraiser manages assessments, ensuring properties are valued according to state-mandated market value standards.
Parcels are subject to Palm Beach County School District taxes and various municipal service taxing units.
Property insurance premiums remain elevated due to regional climate risks, with a competitive but constrained market for wind and flood coverage.
not determinable
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Rapids Waterpark4.20.6 mi
- Fun Depot4.29.5 mi
- Ninja Kidz Action Park for kids4.910.6 mi
- K1 Speed Riviera Beach3.92.2 mi
- Sky Zone Trampoline Park4.36.9 mi
- South Florida Fair4.47.6 mi
- Loggerhead Marinelife Center4.89 mi
- PGA National Resort4.45.2 mi
- iTHINK Financial Amphitheatre4.57.4 mi
- Raymond F. Kravis Center for the Performing Arts4.74.7 mi
- DuBois Park4.812.6 mi
- Palm Beach Zoo & Conservation Society4.56.9 mi
- Loggerhead Marinelife Center4.89 mi
- Manatee Lagoon4.73.3 mi
- Phil Foster Park4.64.1 mi
- Loggerhead Marinelife Center4.89 mi
- CityPlace4.64.7 mi
- Flagler Museum4.85 mi
- Norton Museum of Art4.75.2 mi
- Cox Science Center and Aquarium4.36.7 mi
- DuBois Park4.812.6 mi
- Phil Foster Park4.64.1 mi
- CityPlace4.64.7 mi
- Okeeheelee Park4.88.1 mi
- Lake Worth Beach Park4.611 mi
- U-Tiki Beach at Jupiter Inlet Marina4.512.8 mi
- Sailfish Marina4.44.1 mi
- Safe Harbor Rybovich4.73.3 mi
- Ocean Inlet Park4.715.4 mi
- Palm Harbor Marina4.64.6 mi
- PGA National Resort4.45.2 mi
- The Park4.88.1 mi
- Drive Shack4.75.2 mi
- Palm Beach Par-3 Golf Course4.79.8 mi
- Palm Beach National Golf & Country Club4.510.1 mi
- Tanger Outlets Palm Beach4.52.7 mi
- The Gardens Mall4.56.1 mi
- The Mall at Wellington Green4.510.3 mi
- CityPlace4.64.7 mi
- Publix Super Market at City Place4.34.5 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional shopping destination located within the ZIP.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.