Tamarac, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Tamarac Neighborhoods Since 2000




Tamarac, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Tamarac Housing Market Information

With a population of 64,681, 27,242 total housing units (homes and apartments), and a median house value of $166,300, Tamarac real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Tamarac, accounting for 43.11% of the city's housing units. Other types of housing that are prevalent in Tamarac include single-family detached homes ( 38.48%), row houses and other attached homes ( 15.30%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.81%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Dwellings in Tamarac tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 75.18% of the homes in Tamarac have two or fewer bedrooms.

There is a lot of housing in Tamarac 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 Tamarac built between 1940-1969 ( 10.60%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.20%).

Vacant housing appears to be an issue in Tamarac. Fully 14.11% of the housing stock is classified as vacant. Left unchecked, vacant Tamarac homes and apartments can be a drag on the real estate market, holding Tamarac 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.

Tamarac Home Appreciation Rates

Homes have actually lost value in Tamarac over the last then years, as home values have seen a decline of 25.75% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Tamarac home appreciation rates at 1.80%, which equates to an annual appreciation rate of 7.39%.

NeighborhoodScout's data show that during the latest twelve months, Tamarac's appreciation rate, at 5.25%, has been at or slightly above the national average. In the latest quarter, Tamarac's appreciation rate has been 1.80%, which annualizes to a rate of 7.39%.

Importantly, this makes Tamarac one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$166,300

Tamarac, FL HOME PRICES

Value Range
> $1,388,000 0.3
$1,042,001 - $1,388,000 0.1
$694,001 - $1,042,000 0.2
$555,001 - $694,000 1.1
$417,001 - $555,000 2.9
$278,001 - $417,000 11.6
$139,001 - $278,000 42.8
$70,001 - $139,000 26.2
$0 - $70,000 14.9

Average for FL
Average for Nation

Value Relative to Nation Value Relative to State
43.1237548341732 58.7606837606838

Number Of Homes And Apartments:
27,242

Tamarac Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
80.14% 3.47% 6 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,580 / per month

Homeownership Rate

Homeownership
Owners 70.65
Renters 29.35
Vacant 14.11

Housing Market Details

 

Age of Homes

AGE OF Tamarac HOMES
2000 or Newer 9.2
1970 - 1999 79.8
1940 - 1969 10.6
1939 or Older 0.3

Types of Homes

TYPE OF Tamarac HOMES
Single-Family 38.5
Townhomes 15.3
Small Apt. Buildings 2.8
Apt. Complexes 43.1
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Tamarac HOMES
No Bedroom 0.49
1 Bedroom 12.06
2 Bedrooms 62.63
3 Bedrooms 21.46
4 Bedrooms 3.20
5 or more bedrooms 0.16