The housing market in 33316 Fort Lauderdale, FL is incredibly strong, with a median value of $754,200. This is more than twice the national median value of $338,100 for US housing. Furthermore, according to recent data, the one-year house appreciation in 33316 Fort Lauderdale is an astonishing 22.86%, compared to the 8.27% national average. This shows that real estate in this area is growing at a rate much higher than the rest of the country and is a very attractive option for potential homeowners and investors alike.
The median home cost in Fort Lauderdale (zip 33316) is $754,200. Home appreciation the last 10 years has been 172.9%. Home Appreciation in Fort Lauderdale (zip 33316) is up 26.9%.
Average Age of Homes
- The median age of Fort Lauderdale (zip 33316) real estate is 48 years old
The Rental Market in Fort Lauderdale (zip 33316)
- Renters make up 31.7% of the Fort Lauderdale (zip 33316) population
- 5.0% of houses and apartments in Fort Lauderdale (zip 33316), 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.