Parkland, Florida Housing Market Prices
Parkland 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 181% above the Florida median$874,985
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Median rent 93% above the Florida median$3,212
Housing Market Overview
| Metric | Parkland | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $874,985 | $311,338 | $248,835 |
| Price Trend (Annual %) | 1.5% | 11.2% | 7.5% |
| Median Gross Rent | $3,212 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Parkland is about 181% higher than in Florida. Rent is about 93% higher than the Florida average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2020
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Parkland, up about 1.5% and 3.1% a year respectively. Rent is changing faster.
Median rent in Parkland rose about 44.3% between 2015 and 2024, from $2,225 to $3,212. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Parkland.
Buying the median-priced home in Parkland costs roughly 22.7 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 Parkland. The price-to-rent ratio in Florida is about 15.6.
| Metric | Parkland | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $874,985 | $311,338 | $248,835 |
| Median Household Income | $188,370 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.6 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2020, the median home price in Parkland rose about 78.1%, while median household income rose about 68.0% 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 | Parkland | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 80.9% | 57.7% | 58.5% |
| Rental Rate | 15.9% | 27.7% | 31.2% |
| Vacancy Rate | 3.2% | 14.6% | 10.2% |
| Median Tenure (years) | 10.0 | 13.0 | 15.0 |
| Median Year Moved In | 2016 | 2013 | 2011 |
Parkland has a homeownership rate of 80.9%, higher than the Florida average of 57.7%. Its housing vacancy rate is 3.2%, compared with 14.6% in Florida.
Housing Stock
| Metric | Parkland | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.33 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 2006 | 1988 | 1978 |
| Median Number of Rooms | 7.4 | 5.2 | 5.5 |
The typical housing unit in Parkland was built around 2006. On average, 3.3 people live in a home with about 7.4 rooms, staying for about 10.0 years on average.
Parkland, FL Housing Compared With Nearby Cities
Parkland, FL is the smallest of the 4 cities compared here, 36,099 residents against a local median of 58,812. Where Parkland, FL breaks from the cities next to it is median home price, sitting 103% above the local median of $430,287 at $874,985.
Median rent tells the same story from another angle: $3,212 against a local median of $2,040, 57% above it. The one measure here that carries a verdict is homeownership, and at 28% above the local median it puts Parkland, FL at the better end of the local range. The cities themselves sit within $229,128 of each other on median home price, a tighter band than the gap between any of them and Parkland, FL, which makes it a genuine outlier here rather than one end of a wide local spread. Parkland, FL has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Parkland, FL | 36,099 | $874,985 #1/4 | $3,212 #1/4 | 83.6% #1/4 |
| Coral Springs, FL | 133,960 | $490,242 | $2,068 | 60.7% |
| Coconut Creek, FL | 57,412 | $261,114 | $2,040 | 65.5% |
| Margate, FL | 58,812 | $430,287 | $1,864 | 74.7% |
Frequently Asked Questions
Common questions about the housing market in Parkland, Florida.
What is the median home price in Parkland, Florida?
The median home price in Parkland, Florida is $874,985, higher than the Florida average of $311,338.
What is the average home price in Parkland, Florida?
The typical home price in Parkland, Florida, reported as the median sale price, is $874,985. 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 Parkland, Florida?
The median gross rent in Parkland, Florida is $3,212 per month, higher than the Florida average of $1,668.
What was the median gross rent in Parkland in 2020?
In 2020, the median gross rent in Parkland, Florida was $2,709 per month.
What is the price-to-rent ratio in Parkland, Florida?
The price-to-rent ratio in Parkland, Florida is about 22.7, meaning it would take roughly 22.7 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 Parkland.
Are home prices or rent rising faster in Parkland, Florida?
Both home prices and rent are rising in Parkland, up about 1.5% and 3.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Parkland, Florida?
80.9% of households in Parkland, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Parkland, Florida?
The housing vacancy rate in Parkland, Florida is 3.2%, lower than the Florida average of 14.6%.
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