Fort Lauderdale, Florida Housing Market Prices
Fort Lauderdale 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 84% above the Florida median$572,985
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Median rent 11% above the Florida median$1,853
Housing Market Overview
| Metric | Fort Lauderdale | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $572,985 | $311,338 | $248,835 |
| Price Trend (Annual %) | 12.8% | 11.2% | 7.5% |
| Median Gross Rent | $1,853 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.5% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fort Lauderdale is about 84% higher than in Florida. Rent is about 11% 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 Fort Lauderdale, up about 12.8% and 6.5% a year respectively. Home prices are changing faster.
Median rent in Fort Lauderdale rose about 71.4% between 2015 and 2024, from $1,081 to $1,853. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 6.9 yearly household incomes in Fort Lauderdale.
Buying the median-priced home in Fort Lauderdale costs roughly 25.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Fort Lauderdale. The price-to-rent ratio in Florida is about 15.6.
| Metric | Fort Lauderdale | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $572,985 | $311,338 | $248,835 |
| Median Household Income | $83,310 | $74,580 | $80,455 |
| Price-to-Income Ratio | 6.9 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fort Lauderdale rose about 140.4%, while median household income rose about 61.0% 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 | Fort Lauderdale | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 43.5% | 57.7% | 58.5% |
| Rental Rate | 38.3% | 27.7% | 31.2% |
| Vacancy Rate | 18.2% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Fort Lauderdale has a homeownership rate of 43.5%, lower than the Florida average of 57.7%. Its housing vacancy rate is 18.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | Fort Lauderdale | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1976 | 1988 | 1978 |
| Median Number of Rooms | 4.3 | 5.2 | 5.5 |
The typical housing unit in Fort Lauderdale was built around 1976. On average, 2.3 people live in a home with about 4.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fort Lauderdale, Florida.
What is the median home price in Fort Lauderdale, Florida?
The median home price in Fort Lauderdale, Florida is $572,985, higher than the Florida average of $311,338.
What is the average home price in Fort Lauderdale, Florida?
The typical home price in Fort Lauderdale, Florida, reported as the median sale price, is $572,985. 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 Fort Lauderdale, Florida?
The median gross rent in Fort Lauderdale, Florida is $1,853 per month, higher than the Florida average of $1,668.
What was the median gross rent in Fort Lauderdale in 2020?
In 2020, the median gross rent in Fort Lauderdale, Florida was $1,340 per month.
What is the price-to-rent ratio in Fort Lauderdale, Florida?
The price-to-rent ratio in Fort Lauderdale, Florida is about 25.8, meaning it would take roughly 25.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Fort Lauderdale.
Are home prices or rent rising faster in Fort Lauderdale, Florida?
Both home prices and rent are rising in Fort Lauderdale, up about 12.8% and 6.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fort Lauderdale, Florida?
43.5% of households in Fort Lauderdale, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Fort Lauderdale, Florida?
The housing vacancy rate in Fort Lauderdale, Florida is 18.2%, higher than the Florida average of 14.6%.
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