Hollywood, 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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Hollywood, FL Housing Market Trends

With 154,817 people, 56,461 houses or apartments, and a median cost of homes of $300,436, Hollywood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Hollywood, accounting for 42.29% of the city's housing units. Other types of housing that are prevalent in Hollywood include large apartment complexes or high rise apartments ( 42.09%), duplexes, homes converted to apartments or other small apartment buildings ( 9.61%), and a few row houses and other attached homes ( 4.70%).

People in Hollywood primarily live in small (one, two or no bedroom) single-family detached homes. Hollywood 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. Hollywood's housing was primarily built during this period, from the '40s through the '60s. A full 50.80% of the city's housing hails from this era. Other housing ages represented in Hollywood include homes built between 1970-1999 ( 40.74%) and housing constructed between 2000 and later ( 6.44%). There's also some housing in Hollywood built before 1939 ( 2.02%).

Vacant housing appears to be an issue in Hollywood. Fully 18.62% of the housing stock is classified as vacant. Left unchecked, vacant Hollywood homes and apartments can be a drag on the real estate market, holding Hollywood 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.

Hollywood Home Appreciation Rates

In the last 10 years, Hollywood has experienced some of the highest home appreciation rates of any community in the nation. Hollywood real estate appreciated 119.28% over the last ten years, which is an average annual home appreciation rate of 8.17%, putting Hollywood in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hollywood 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, Hollywood's appreciation rate, at 6.28%, has been at or slightly above the national average. In the latest quarter, Hollywood's appreciation rate has been 2.17%, which annualizes to a rate of 8.95%.

Relative to Florida, our data show that Hollywood'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 Hollywood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hollywood - 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 Hollywood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$300,436

Hollywood, FL HOME PRICES

> $1,241,000
2.2%
2.2%
$931,001 - $1,241,000
1.6%
1.6%
$620,001 - $931,000
6.2%
6.2%
$497,001 - $620,000
6.1%
6.1%
$373,001 - $497,000
17.0%
17.0%
$248,001 - $373,000
27.8%
27.8%
$124,001 - $248,000
25.6%
25.6%
$62,001 - $124,000
9.6%
9.6%
$0 - $62,000
3.8%
3.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
56,461

Hollywood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
170.65% 4.80%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,784 / per month

Homeownership Rate

Owners
56.0%
56.0%
Renters
44.0%
44.0%
Vacant
18.6%
18.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
6.4%
6.4%
1970 - 1999
40.7%
40.7%
1940 - 1969
50.8%
50.8%
1939 or Older
2.0%
2.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
42.3%
42.3%
Townhomes
4.7%
4.7%
Small Apt. Buildings
9.6%
9.6%
Apt. Complexes
42.1%
42.1%
Mobile Homes
1.3%
1.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.7%
4.7%
1 Bedroom
22.7%
22.7%
2 Bedrooms
35.4%
35.4%
3 Bedrooms
28.5%
28.5%
4 Bedrooms
7.3%
7.3%
5 or more bedrooms
1.3%
1.3%
0.0% 100.0%
% OF HOMES