Fort Lauderdale, FL is an attractive location for real estate investments due to its high median housing value of $521,000. This stands well above the US median value of $338,100, and is even further bolstered by its one-year house appreciation rate of 22.86%. This rate is more than double the national average of 8.27%, making Fort Lauderdale a prime destination for individuals and families looking to invest in real estate. Investing in housing in Fort Lauderdale could be a great way to secure your financial future.
The median home cost in Fort Lauderdale is $521,000. Home appreciation the last 10 years has been 172.9%. Home Appreciation in Fort Lauderdale is up 26.9%.
Average Age of Homes
- The median age of Fort Lauderdale real estate is 48 years old
The Rental Market in Fort Lauderdale
- Renters make up 36.5% of the Fort Lauderdale population
- 3.1% of houses and apartments in Fort Lauderdale, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.