Davie, Florida Housing Market Prices
Davie 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 35% below the Florida median$202,602
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Median rent 25% above the Florida median$2,087
Housing Market Overview
| Metric | Davie | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $202,602 | $311,338 | $248,835 |
| Price Trend (Annual %) | 15.0% | 11.2% | 7.5% |
| Median Gross Rent | $2,087 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Davie is about 35% lower than in Florida. Rent is about 25% 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 Davie, up about 15.0% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Davie rose about 69.4% between 2015 and 2024, from $1,232 to $2,087. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Davie.
Buying the median-priced home in Davie costs roughly 8.1 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 Davie. The price-to-rent ratio in Florida is about 15.6.
| Metric | Davie | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $202,602 | $311,338 | $248,835 |
| Median Household Income | $85,749 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.4 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Davie rose about 178.2%, while median household income rose about 37.9% 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 | Davie | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.5% | 57.7% | 58.5% |
| Rental Rate | 31.7% | 27.7% | 31.2% |
| Vacancy Rate | 7.8% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Davie has a homeownership rate of 60.5%, higher than the Florida average of 57.7%. Its housing vacancy rate is 7.8%, compared with 14.6% in Florida.
Housing Stock
| Metric | Davie | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.74 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1990 | 1988 | 1978 |
| Median Number of Rooms | 5.0 | 5.2 | 5.5 |
The typical housing unit in Davie was built around 1990. On average, 2.7 people live in a home with about 5.0 rooms, staying for about 12.0 years on average.
Davie, FL Housing Compared With Nearby Cities
Davie, FL is typical in size for this group, 105,718 residents against a local median of 98,854, so the measures below are close to a like for like comparison. The measure that sets Davie, FL apart most is median home price: $202,602, 29% below the local median of $286,524.
The cities themselves spread $136,989 on median home price, so Davie, FL sits at one end of an already wide local range rather than apart from it. Davie, FL has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Davie, FL | 105,718 | $202,602 #4/4 | $2,087 #3/4 | 65.6% #3/4 |
| Plantation, FL | 96,427 | $286,524 | $2,231 | 64.4% |
| Sunrise, FL | 98,854 | $372,947 | $2,135 | 70.1% |
| Pembroke Pines, FL | 166,487 | $235,958 | $2,047 | 69.8% |
Frequently Asked Questions
Common questions about the housing market in Davie, Florida.
What is the median home price in Davie, Florida?
The median home price in Davie, Florida is $202,602, lower than the Florida average of $311,338.
What is the average home price in Davie, Florida?
The typical home price in Davie, Florida, reported as the median sale price, is $202,602. 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 Davie, Florida?
The median gross rent in Davie, Florida is $2,087 per month, higher than the Florida average of $1,668.
What was the median gross rent in Davie in 2020?
In 2020, the median gross rent in Davie, Florida was $1,567 per month.
What is the price-to-rent ratio in Davie, Florida?
The price-to-rent ratio in Davie, Florida is about 8.1, meaning it would take roughly 8.1 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 Davie.
Are home prices or rent rising faster in Davie, Florida?
Both home prices and rent are rising in Davie, up about 15.0% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Davie, Florida?
60.5% of households in Davie, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Davie, Florida?
The housing vacancy rate in Davie, Florida is 7.8%, lower than the Florida average of 14.6%.
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