Broward County, Florida Housing Market Prices
Broward County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 20% above the Florida median More expensive than 83% of counties in Florida$374,033
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Median rent 14% above the Florida median Among the 5 most expensive counties in Florida$1,906
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Broward County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $374,033 | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,906 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Broward County is about 20% higher than in Florida. Rent is about 14% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Broward County, up about 11.8% and 5.7% a year respectively. Home prices are changing faster.
Median rent in Broward County rose about 60.1% between 2015 and 2024, from $1,190 to $1,906. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Broward County.
Buying the median-priced home in Broward County costs roughly 16.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Broward County. The price-to-rent ratio in Florida is about 15.6.
| Metric | Broward County | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $374,033 | $311,338 | $248,835 |
| Median Household Income | $77,494 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.8 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Broward County rose about 171.9%, while median household income rose about 45.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Broward County | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.4% | 57.7% | 58.5% |
| Rental Rate | 31.7% | 27.7% | 31.2% |
| Vacancy Rate | 12.9% | 14.6% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Broward County has a homeownership rate of 55.4%, lower than the Florida average of 57.7%. Its housing vacancy rate is 12.9%, compared with 14.6% in Florida.
Housing Stock
| Metric | Broward County | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1982 | 1988 | 1978 |
| Median Number of Rooms | 4.6 | 5.2 | 5.5 |
The typical housing unit in Broward County was built around 1982. On average, 2.6 people live in a home with about 4.6 rooms, staying for about 13.0 years on average.
Broward County, FL Housing Compared With Nearby Counties
Broward County, FL is the 2nd largest of the 6 counties compared here, 1,975,984 residents against a local median of 398,267. Nothing separates Broward County, FL sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is homeownership, 14% below the local median at 63.6% against 73.6%. Broward County, FL has the 5th highest homeownership of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Broward County, FL | 1,975,984 | $374,033 #4/6 | $1,906 #2/6 | 63.6% #5/6 |
| Palm Beach County, FL | 1,530,264 | $390,107 | $1,916 | 70.1% |
| Miami-Dade County, FL | 2,733,460 | $541,108 | $1,828 | 52.2% |
| Hendry County, FL | 42,373 | $211,483 | $1,003 | 73.6% |
| Martin County, FL | 160,388 | $349,758 | $1,569 | 79.5% |
| Collier County, FL | 398,267 | $487,922 | $1,862 | 76.6% |
Frequently Asked Questions
Common questions about the housing market in Broward County, Florida.
What is the median home price in Broward County, Florida?
The median home price in Broward County, Florida is $374,033, higher than the Florida average of $311,338.
What is the average home price in Broward County, Florida?
The typical home price in Broward County, Florida, reported as the median sale price, is $374,033. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Broward County, Florida?
The median gross rent in Broward County, Florida is $1,906 per month, higher than the Florida average of $1,668.
What was the median gross rent in Broward County in 2020?
In 2020, the median gross rent in Broward County, Florida was $1,433 per month.
What is the price-to-rent ratio in Broward County, Florida?
The price-to-rent ratio in Broward County, Florida is about 16.4, meaning it would take roughly 16.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Broward County.
Are home prices or rent rising faster in Broward County, Florida?
Both home prices and rent are rising in Broward County, up about 11.8% and 5.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Broward County, Florida?
55.4% of households in Broward County, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Broward County, Florida?
The housing vacancy rate in Broward County, Florida is 12.9%, lower than the Florida average of 14.6%.
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