Plantation, Florida Housing Market Prices
Plantation 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 8% below the Florida median$286,524
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Median rent 34% above the Florida median$2,231
Housing Market Overview
| Metric | Plantation | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $286,524 | $311,338 | $248,835 |
| Price Trend (Annual %) | 11.8% | 11.2% | 7.5% |
| Median Gross Rent | $2,231 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 5.5% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Plantation is about 8% lower than in Florida. Rent is about 34% 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 Plantation, up about 11.8% and 5.5% a year respectively. Home prices are changing faster.
Median rent in Plantation rose about 57.5% between 2015 and 2024, from $1,417 to $2,231. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in Plantation.
Buying the median-priced home in Plantation costs roughly 10.7 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 Plantation. The price-to-rent ratio in Florida is about 15.6.
| Metric | Plantation | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $286,524 | $311,338 | $248,835 |
| Median Household Income | $92,972 | $74,580 | $80,455 |
| Price-to-Income Ratio | 3.1 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Plantation rose about 149.7%, while median household income rose about 32.4% 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 | Plantation | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.6% | 57.7% | 58.5% |
| Rental Rate | 33.0% | 27.7% | 31.2% |
| Vacancy Rate | 7.4% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Plantation has a homeownership rate of 59.6%, higher than the Florida average of 57.7%. Its housing vacancy rate is 7.4%, compared with 14.6% in Florida.
Housing Stock
| Metric | Plantation | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1984 | 1988 | 1978 |
| Median Number of Rooms | 4.9 | 5.2 | 5.5 |
The typical housing unit in Plantation was built around 1984. On average, 2.6 people live in a home with about 4.9 rooms, staying for about 12.0 years on average.
Plantation, FL Housing Compared With Nearby Cities
Plantation, FL is typical in size for this group, 96,427 residents against a local median of 86,417, so the measures below are close to a like for like comparison. The measure that sets Plantation, FL apart most is median home price: $286,524, 61% above the local median of $178,470.
Median rent tells the same story from another angle: $2,231 against a local median of $1,883, 18% above it. The cities themselves spread $237,741 on median home price, so Plantation, FL sits at one end of an already wide local range rather than apart from it. Plantation, FL has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Plantation, FL | 96,427 | $286,524 #2/5 | $2,231 #1/5 | 64.4% #3/5 |
| Sunrise, FL | 98,854 | $372,947 | $2,135 | 70.1% |
| Lauderhill, FL | 73,979 | $154,338 | $1,678 | 54.4% |
| Davie, FL | 105,718 | $202,602 | $2,087 | 65.6% |
| Lauderdale Lakes, FL | 35,781 | $135,206 | $1,666 | 50.3% |
Frequently Asked Questions
Common questions about the housing market in Plantation, Florida.
What is the median home price in Plantation, Florida?
The median home price in Plantation, Florida is $286,524, lower than the Florida average of $311,338.
What is the average home price in Plantation, Florida?
The typical home price in Plantation, Florida, reported as the median sale price, is $286,524. 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 Plantation, Florida?
The median gross rent in Plantation, Florida is $2,231 per month, higher than the Florida average of $1,668.
What was the median gross rent in Plantation in 2020?
In 2020, the median gross rent in Plantation, Florida was $1,727 per month.
What is the price-to-rent ratio in Plantation, Florida?
The price-to-rent ratio in Plantation, Florida is about 10.7, meaning it would take roughly 10.7 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 Plantation.
Are home prices or rent rising faster in Plantation, Florida?
Both home prices and rent are rising in Plantation, up about 11.8% and 5.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Plantation, Florida?
59.6% of households in Plantation, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Plantation, Florida?
The housing vacancy rate in Plantation, Florida is 7.4%, lower than the Florida average of 14.6%.
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