N Federal Hwy / NE 51st St median real estate price is $322,474, which is more expensive than 77.8% of the neighborhoods in Florida and 74.4% of the neighborhoods in the U.S.
The average rental price in N Federal Hwy / NE 51st St is currently $1,440, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.3% of the neighborhoods in Florida.
N Federal Hwy / NE 51st St is an urban neighborhood (based on population density) located in Fort Lauderdale, Florida.
N Federal Hwy / NE 51st St real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the N Federal Hwy / NE 51st St neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in N Federal Hwy / NE 51st St. The current real estate vacancy rate here is 22.1%. This is higher than the rate of vacancies in 88.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (15.2%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.