Housing in Hollywood, FL is a good investment. The median value of a house in Hollywood is $399,000, which is significantly higher than the US median value of $338,100. Furthermore, the 1 year appreciation rate for houses in Hollywood is 17.58%, significantly higher than the US rate of 8.27%. These factors make Hollywood an attractive destination for those looking to purchase a home and benefit from increasing housing values.
The median home cost in Hollywood is $399,000. Home appreciation the last 10 years has been 188.6%. Home Appreciation in Hollywood is up 26.6%.
Average Age of Homes
- The median age of Hollywood real estate is 48 years old
The Rental Market in Hollywood
- Renters make up 31.7% of the Hollywood population
- 3.3% of houses and apartments in Hollywood, 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.