Lauderdale Lakes, Florida Housing Market Prices
Lauderdale Lakes 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 57% below the Florida median$135,206
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Median rent About the same as the Florida median$1,666
Housing Market Overview
| Metric | Lauderdale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,206 | $311,338 | $248,835 |
| Price Trend (Annual %) | 10.0% | 11.2% | 7.5% |
| Median Gross Rent | $1,666 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lauderdale Lakes is about 57% lower than in Florida. Rent follows a similar pattern, running close to 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 Lauderdale Lakes, up about 10.0% and 6.1% a year respectively. Home prices are changing faster.
Median rent in Lauderdale Lakes rose about 62.9% between 2015 and 2024, from $1,023 to $1,666. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Lauderdale Lakes.
Buying the median-priced home in Lauderdale Lakes costs roughly 6.8 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 Lauderdale Lakes. The price-to-rent ratio in Florida is about 15.6.
| Metric | Lauderdale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $135,206 | $311,338 | $248,835 |
| Median Household Income | $50,621 | $74,580 | $80,455 |
| Price-to-Income Ratio | 2.7 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lauderdale Lakes rose about 111.1%, while median household income rose about 22.9% 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 | Lauderdale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 42.1% | 57.7% | 58.5% |
| Rental Rate | 41.6% | 27.7% | 31.2% |
| Vacancy Rate | 16.3% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Lauderdale Lakes has a homeownership rate of 42.1%, lower than the Florida average of 57.7%. Its housing vacancy rate is 16.3%, compared with 14.6% in Florida.
Housing Stock
| Metric | Lauderdale Lakes | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.87 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1976 | 1988 | 1978 |
| Median Number of Rooms | 4.2 | 5.2 | 5.5 |
The typical housing unit in Lauderdale Lakes was built around 1976. On average, 2.9 people live in a home with about 4.2 rooms, staying for about 12.0 years on average.
Lauderdale Lakes, FL Housing Compared With Nearby Cities
How Lauderdale Lakes, FL compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lauderdale Lakes, FL | 35,781 | $135,206 #3/3 | $1,666 #3/3 | 50.3% #3/3 |
| Lauderhill, FL | 73,979 | $154,338 | $1,678 | 54.4% |
| North Lauderdale, FL | 43,820 | $322,283 | $2,068 | 60.9% |
Frequently Asked Questions
Common questions about the housing market in Lauderdale Lakes, Florida.
What is the median home price in Lauderdale Lakes, Florida?
The median home price in Lauderdale Lakes, Florida is $135,206, lower than the Florida average of $311,338.
What is the average home price in Lauderdale Lakes, Florida?
The typical home price in Lauderdale Lakes, Florida, reported as the median sale price, is $135,206. 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 Lauderdale Lakes, Florida?
The median gross rent in Lauderdale Lakes, Florida is $1,666 per month, about the same as the Florida average.
What was the median gross rent in Lauderdale Lakes in 2020?
In 2020, the median gross rent in Lauderdale Lakes, Florida was $1,139 per month.
What is the price-to-rent ratio in Lauderdale Lakes, Florida?
The price-to-rent ratio in Lauderdale Lakes, Florida is about 6.8, meaning it would take roughly 6.8 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 Lauderdale Lakes.
Are home prices or rent rising faster in Lauderdale Lakes, Florida?
Both home prices and rent are rising in Lauderdale Lakes, up about 10.0% and 6.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lauderdale Lakes, Florida?
42.1% of households in Lauderdale Lakes, Florida own their home, lower than the Florida average of 57.7%.
What is the vacancy rate in Lauderdale Lakes, Florida?
The housing vacancy rate in Lauderdale Lakes, Florida is 16.3%, higher than the Florida average of 14.6%.
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