With 34,796 people, 10,999 houses or apartments, and a median cost of homes of $129,694, house prices in Lauderdale Lakes are solidly below the national average.
Large apartment complexes or high rise apartments are the single most common housing type in Lauderdale Lakes, accounting for 60.63% of the city's housing units. Other types of housing that are prevalent in Lauderdale Lakes include single-family detached homes ( 30.68%), duplexes, homes converted to apartments or other small apartment buildings ( 5.81%), and a few row houses and other attached homes ( 1.64%). 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 Lauderdale Lakes primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Lauderdale Lakes has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Lauderdale Lakes built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lauderdale Lakes built between 1940-1969 ( 29.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.37%). There's also some housing in Lauderdale Lakes built before 1939 ( 1.03%).
Vacant housing appears to be an issue in Lauderdale Lakes. Fully 24.11% of the housing stock is classified as vacant. Left unchecked, vacant Lauderdale Lakes homes and apartments can be a drag on the real estate market, holding Lauderdale Lakes 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.
Homes have actually lost value in Lauderdale Lakes over the last then years, as home values have seen a decline of 25.54% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Lauderdale Lakes home appreciation rates at 0.53%, which equates to an annual appreciation rate of 2.15%.
Appreciation rates are so strong in Lauderdale Lakes that despite a nationwide downturn in the housing market, Lauderdale Lakes real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lauderdale Lakes appreciation rates continue to be some of the highest in America, at 9.07%, which is higher than appreciation rates in 90.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lauderdale Lakes. Lauderdale Lakes appreciation rates in the latest quarter were at 0.53%, which equates to an annual appreciation rate of 2.15%.
Relative to Florida, our data show that Lauderdale Lakes's latest annual appreciation rate is higher 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 Lauderdale Lakes differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lauderdale Lakes - 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 Lauderdale Lakes real estate investment or home purchase decisions.
|$1,042,001 - $1,389,000||0.0|
|$695,001 - $1,042,000||0.1|
|$555,001 - $695,000||0.5|
|$417,001 - $555,000||0.8|
|$278,001 - $417,000||9.0|
|$139,001 - $278,000||35.0|
|$69,001 - $139,000||29.0|
|$0 - $69,000||25.3|
|Value Relative to Nation||Value Relative to State|
|AGE OF Lauderdale Lakes HOMES|
|2000 or Newer||3.4|
|1970 - 1999||66.3|
|1940 - 1969||29.2|
|1939 or Older||1.0|
|TYPE OF Lauderdale Lakes HOMES|
|Small Apt. Buildings||5.8|
|SIZE OF Lauderdale Lakes HOMES|
|5 or more bedrooms||0.05|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
2000 Q1 - 2016 Q4
|* 10 is highest|