Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Dania Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $168,932 | $293,727 | $242,182 |
| Price Trend (Annual %) | 5.4% | 12.0% | 8.2% |
| Median Gross Rent | $1,667 | $1,564 | $1,342 |
| Rent Trend (Annual %) | 4.6% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Dania Beach is about 42% lower than in Florida. Rent is about 7% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Dania Beach, up about 5.4% and 4.6% a year respectively. Home prices are changing faster.
Median rent in Dania Beach rose about 41.2% between 2015 and 2023, from $1,180 to $1,667. Over the same span, rent in Florida rose about 56.0%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Dania Beach.
Buying the median-priced home in Dania Beach costs roughly 8.4 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Dania Beach. The price-to-rent ratio in Florida is about 15.7.
| Metric | Dania Beach | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $168,932 | $293,727 | $242,182 |
| Median Household Income | $58,274 | $71,865 | $78,145 |
| Price-to-Income Ratio | 2.9 | 4.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Dania Beach fell about 1.2%, while median household income rose about 22.3% between 2009 and 2023 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Dania Beach | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 40.7% | 57.1% | 58.2% |
| Rental Rate | 41.4% | 27.7% | 31.3% |
| Vacancy Rate | 17.9% | 15.2% | 10.6% |
| Median Tenure (years) | 11.0 | 13.0 | 15.0 |
| Median Year Moved In | 2015 | 2013 | 2011 |
Dania Beach has a homeownership rate of 40.7%, lower than the Florida average of 57.1%. Its housing vacancy rate is 17.9%, compared with 15.2% in Florida.
Housing Stock
| Metric | Dania Beach | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.51 people | 2.54 people |
| Median Structure Built Year | 1978 | 1987 | 1978 |
| Median Number of Rooms | 4.3 | 5.2 | 5.5 |
The typical housing unit in Dania Beach was built around 1978. On average, 2.4 people live in a home with about 4.3 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Dania Beach, Florida.
What is the median home price in Dania Beach, Florida?
The median home price in Dania Beach, Florida is $168,932, lower than the Florida average of $293,727.
What is the average home price in Dania Beach, Florida?
The typical home price in %s, reported as the median sale price, is %s. 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 Dania Beach, Florida?
The median gross rent in Dania Beach, Florida is $1,667 per month, higher than the Florida average of $1,564.
What was the median gross rent in Dania Beach in 2020?
In 2020, the median gross rent in Dania Beach, Florida was $1,382 per month.
What is the price-to-rent ratio in Dania Beach, Florida?
The price-to-rent ratio in Dania Beach, Florida is about 8.4, meaning it would take roughly 8.4 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Dania Beach.
Are home prices or rent rising faster in Dania Beach, Florida?
Both home prices and rent are rising in Dania Beach, up about 5.4% and 4.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Dania Beach, Florida?
40.7% of households in Dania Beach, Florida own their home, lower than the Florida average of 57.1%.
What is the vacancy rate in Dania Beach, Florida?
The housing vacancy rate in Dania Beach, Florida is 17.9%, higher than the Florida average of 15.2%.