Plantation, 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 Q2 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

Plantation, FL Housing Market Trends

With 94,580 people, 33,788 houses or apartments, and a median cost of homes of $431,151, real estate costs in Plantation 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.

Single-family detached homes are the single most common housing type in Plantation, accounting for 47.15% of the city's housing units. Other types of housing that are prevalent in Plantation include large apartment complexes or high rise apartments ( 34.83%), row houses and other attached homes ( 11.68%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.38%).

The most prevalent building size and type in Plantation are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.53% owning and 36.47% renting.

There is a lot of housing in Plantation 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 Plantation built between 1940-1969 ( 17.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.27%).

Vacant housing appears to be an issue in Plantation. Fully 10.36% of the housing stock is classified as vacant. Left unchecked, vacant Plantation homes and apartments can be a drag on the real estate market, holding Plantation 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.

Plantation Home Appreciation Rates

In the last 10 years, Plantation has experienced some of the highest home appreciation rates of any community in the nation. Plantation real estate appreciated 105.03% over the last ten years, which is an average annual home appreciation rate of 7.44%, putting Plantation in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Plantation 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, Plantation's appreciation rate, at 9.91%, has been at or slightly above the national average. In the latest quarter, Plantation's appreciation rate has been 3.41%, which annualizes to a rate of 14.35%.

Relative to Florida, our data show that Plantation's latest annual appreciation rate is lower than 60% 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 Plantation differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Plantation - 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 Plantation real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$431,151

Plantation, FL HOME PRICES

> $1,263,000
2.8%
2.8%
$947,001 - $1,263,000
2.2%
2.2%
$631,001 - $947,000
8.4%
8.4%
$505,001 - $631,000
16.9%
16.9%
$379,001 - $505,000
22.2%
22.2%
$253,001 - $379,000
20.2%
20.2%
$126,001 - $253,000
18.2%
18.2%
$63,001 - $126,000
6.3%
6.3%
$0 - $63,000
2.8%
2.8%
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:
33,788

Plantation Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
174.26% 4.80%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,481 / per month

Homeownership Rate

Owners
63.5%
63.5%
Renters
36.5%
36.5%
Vacant
10.4%
10.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
9.3%
9.3%
1970 - 1999
73.1%
73.1%
1940 - 1969
17.5%
17.5%
1939 or Older
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.1%
47.1%
Townhomes
11.7%
11.7%
Small Apt. Buildings
5.4%
5.4%
Apt. Complexes
34.8%
34.8%
Mobile Homes
0.7%
0.7%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.5%
2.5%
1 Bedroom
12.6%
12.6%
2 Bedrooms
31.4%
31.4%
3 Bedrooms
30.5%
30.5%
4 Bedrooms
19.5%
19.5%
5 or more bedrooms
3.5%
3.5%
0.0% 100.0%
% OF HOMES