menu





Fort Lauderdale, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Lauderdale, FL Housing Market Trends

With a population of 182,760, 74,968 total housing units (homes and apartments), and a median house value of $483,060, real estate costs in Fort Lauderdale are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.

Large apartment complexes or high rise apartments are the single most common housing type in Fort Lauderdale, accounting for 45.59% of the city's housing units. Other types of housing that are prevalent in Fort Lauderdale include single-family detached homes ( 36.97%), duplexes, homes converted to apartments or other small apartment buildings ( 11.19%), and a few row houses and other attached homes ( 4.98%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Fort Lauderdale primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Fort Lauderdale has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fort Lauderdale's housing was primarily built during this period, from the '40s through the '60s. A full 47.53% of the city's housing hails from this era. Other housing ages represented in Fort Lauderdale include homes built between 1970-1999 ( 33.67%) and housing constructed between 2000 and later ( 17.07%). There's also some housing in Fort Lauderdale built before 1939 ( 1.73%).

Vacant housing appears to be an issue in Fort Lauderdale. Fully 21.13% of the housing stock is classified as vacant. Left unchecked, vacant Fort Lauderdale homes and apartments can be a drag on the real estate market, holding Fort Lauderdale real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fort Lauderdale Home Appreciation Rates

In the last 10 years, Fort Lauderdale has experienced some of the highest home appreciation rates of any community in the nation. Fort Lauderdale real estate appreciated 155.86% over the last ten years, which is an average annual home appreciation rate of 9.85%, putting Fort Lauderdale in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Lauderdale definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Fort Lauderdale that despite a nationwide downturn in the housing market, Fort Lauderdale real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Lauderdale appreciation rates continue to be some of the highest in America, at 20.97%, which is higher than appreciation rates in 83.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Lauderdale. Fort Lauderdale appreciation rates in the latest quarter were at 4.85%, which equates to an annual appreciation rate of 20.85%.

Importantly, this makes Fort Lauderdale one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Fort Lauderdale's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fort Lauderdale differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Lauderdale - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fort Lauderdale real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$483,060

Fort Lauderdale, FL HOME PRICES

> $1,445,000
$1,084,001 - $1,445,000
$723,001 - $1,084,000
$578,001 - $723,000
$433,001 - $578,000
$289,001 - $433,000
$144,001 - $289,000
$72,001 - $144,000
$0 - $72,000
7.9%
7.9%
4.9%
4.9%
11.6%
11.6%
10.7%
10.7%
18.1%
18.1%
22.3%
22.3%
18.6%
18.6%
3.5%
3.5%
2.4%
2.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
74,968

Fort Lauderdale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
215.65% 5.30%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,276 / per month

Homeownership Rate

Owners
Renters
Vacant
53.0%
53.0%
47.0%
47.0%
21.1%
21.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
17.1%
17.1%
33.7%
33.7%
47.5%
47.5%
1.7%
1.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.0%
37.0%
5.0%
5.0%
11.2%
11.2%
45.6%
45.6%
1.2%
1.2%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.2%
3.2%
21.4%
21.4%
37.7%
37.7%
28.5%
28.5%
6.9%
6.9%
2.3%
2.3%
0.0% 100.0%
% OF HOMES