The housing market in Broward County, Florida is thriving. The median value of homes in the county is currently $394,500 which is significantly higher than the US median value of $338,100. Furthermore, the appreciation rate of homes in Broward County has been considerably higher than that of the US over the past year at 22.30%, compared to 8.27% for the nation as a whole. This heightened growth demonstrates how attractive and prosperous the housing market is in Broward County and it looks set to continue into the foreseeable future.
The median home cost in Broward County is $394,500. Home appreciation the last 10 years has been 188.5%. Home Appreciation in Broward County is up 22.3%.
Average Age of Homes
- The median age of Broward County real estate is 38 years old
The Rental Market in Broward County
- Renters make up 29.1% of the Broward County population
- 2.5% of houses and apartments in Broward County, 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.