Fort Lauderdale FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Fort Lauderdale, FL Real Estate Data

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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fort Lauderdale Housing Market Information

With a population of 182,595, 74,160 total housing units (homes and apartments), and a median house value of $367,476, 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 45.85% of the city's housing units. Other types of housing that are prevalent in Fort Lauderdale include single-family detached homes ( 36.05%), duplexes, homes converted to apartments or other small apartment buildings ( 11.52%), and a few row houses and other attached homes ( 5.36%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

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 49.93% of the city's housing hails from this era. Other housing ages represented in Fort Lauderdale include homes built between 1970-1999 ( 33.10%) and housing constructed between 2000 and later ( 15.19%). There's also some housing in Fort Lauderdale built before 1939 ( 1.78%).

Vacant housing appears to be an issue in Fort Lauderdale. Fully 23.11% 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 85.33% over the last ten years, which is an average annual home appreciation rate of 6.36%, 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.

NeighborhoodScout's data show that during the latest twelve months, Fort Lauderdale's appreciation rate, at 4.96%, has been at or slightly above the national average. In the latest quarter, Fort Lauderdale's appreciation rate has been 0.30%, which annualizes to a rate of 1.20%.

Notably, Fort Lauderdale's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Fort Lauderdale's latest annual appreciation rate is lower than 50% 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:
$367,476

Fort Lauderdale, FL HOME PRICES

Value Range
> $1,240,000 8.0
$930,001 - $1,240,000 4.6
$620,001 - $930,000 10.0
$496,001 - $620,000 8.0
$372,001 - $496,000 15.0
$248,001 - $372,000 18.8
$124,001 - $248,000 24.9
$62,001 - $124,000 7.2
$0 - $62,000 3.5

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
14.4350364963504 23.8297872340426

Number Of Homes And Apartments:
74,160

Fort Lauderdale Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
142.94% 4.48%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,780 / per month

Homeownership Rate

Homeownership
Owners 52.22
Renters 47.78
Vacant 23.11

Housing Market Details

 

Age of Homes

AGE OF Fort Lauderdale HOMES
2000 or Newer 15.2
1970 - 1999 33.1
1940 - 1969 49.9
1939 or Older 1.8

Types of Homes

TYPE OF Fort Lauderdale HOMES
Single-Family 36.1
Townhomes 5.4
Small Apt. Buildings 11.5
Apt. Complexes 45.9
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Fort Lauderdale HOMES
No Bedroom 2.85
1 Bedroom 21.68
2 Bedrooms 39.92
3 Bedrooms 27.42
4 Bedrooms 6.35
5 or more bedrooms 1.78