Plantation FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Plantation, 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 Q3 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Plantation Housing Market Information

With a population of 94,288, 33,426 total housing units (homes and apartments), and a median house value of $374,150, 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 46.34% of the city's housing units. Other types of housing that are prevalent in Plantation include large apartment complexes or high rise apartments ( 36.65%), row houses and other attached homes ( 11.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.14%).

People in Plantation primarily live in small (one, two or no bedroom) single-family detached homes. Plantation has a mixture of owner-occupied and renter-occupied housing.

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 ( 18.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.02%).

Vacant housing appears to be an issue in Plantation. Fully 11.28% 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 71.60% over the last ten years, which is an average annual home appreciation rate of 5.55%, 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 4.78%, has been at or slightly above the national average. In the latest quarter, Plantation's appreciation rate has been 0.78%, which annualizes to a rate of 3.17%.

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

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:
$374,150

Plantation, FL HOME PRICES

Value Range
> $1,319,000 2.6
$989,001 - $1,319,000 2.9
$659,001 - $989,000 6.0
$528,001 - $659,000 13.0
$396,001 - $528,000 18.8
$264,001 - $396,000 21.0
$132,001 - $264,000 22.9
$66,001 - $132,000 6.9
$0 - $66,000 5.9

High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
13.407299270073 22.5531914893617

Number Of Homes And Apartments:
33,426

Plantation Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
144.00% 4.62%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,265 / per month

Homeownership Rate

Homeownership
Owners 61.86
Renters 38.14
Vacant 11.28

Housing Market Details

 

Age of Homes

AGE OF Plantation HOMES
2000 or Newer 9.0
1970 - 1999 72.8
1940 - 1969 18.0
1939 or Older 0.2

Types of Homes

TYPE OF Plantation HOMES
Single-Family 46.3
Townhomes 11.2
Small Apt. Buildings 5.1
Apt. Complexes 36.7
Mobile Homes 0.4
Other 0.2

Home Size

SIZE OF Plantation HOMES
No Bedroom 2.22
1 Bedroom 12.80
2 Bedrooms 33.01
3 Bedrooms 29.72
4 Bedrooms 18.20
5 or more bedrooms 4.06