Sunrise, Florida Housing Market Prices
Sunrise 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 20% above the Florida median$372,947
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Median rent 28% above the Florida median$2,135
Housing Market Overview
| Metric | Sunrise | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $372,947 | $311,338 | $248,835 |
| Price Trend (Annual %) | 31.8% | 11.2% | 7.5% |
| Median Gross Rent | $2,135 | $1,668 | $1,407 |
| Rent Trend (Annual %) | 6.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sunrise is about 20% higher than in Florida. Rent is about 28% 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 Sunrise, up about 31.8% and 6.4% a year respectively. Home prices are changing faster.
Median rent in Sunrise rose about 72.5% between 2015 and 2024, from $1,238 to $2,135. Over the same span, rent in Florida rose about 66.5%.
Affordability
On average, housing unit costs 4.7 yearly household incomes in Sunrise.
Buying the median-priced home in Sunrise costs roughly 14.6 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 Sunrise. The price-to-rent ratio in Florida is about 15.6.
| Metric | Sunrise | Florida Avg | US Average |
|---|---|---|---|
| Median Home Price | $372,947 | $311,338 | $248,835 |
| Median Household Income | $79,176 | $74,580 | $80,455 |
| Price-to-Income Ratio | 4.7 | 4.2 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sunrise rose about 309.1%, while median household income rose about 45.2% 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 | Sunrise | Florida Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.1% | 57.7% | 58.5% |
| Rental Rate | 27.0% | 27.7% | 31.2% |
| Vacancy Rate | 9.9% | 14.6% | 10.2% |
| Median Tenure (years) | 12.0 | 13.0 | 15.0 |
| Median Year Moved In | 2014 | 2013 | 2011 |
Sunrise has a homeownership rate of 63.1%, higher than the Florida average of 57.7%. Its housing vacancy rate is 9.9%, compared with 14.6% in Florida.
Housing Stock
| Metric | Sunrise | Florida Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.71 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1985 | 1988 | 1978 |
| Median Number of Rooms | 4.6 | 5.2 | 5.5 |
The typical housing unit in Sunrise was built around 1985. On average, 2.7 people live in a home with about 4.6 rooms, staying for about 12.0 years on average.
Sunrise, FL Housing Compared With Nearby Cities
Sunrise, FL is the 2nd largest of the 6 cities compared here, 98,854 residents against a local median of 73,979. Sunrise, FL's median home price, at $372,947, runs 30% above the $286,524 typical of the cities around it.
The cities themselves spread $167,945 on median home price, so Sunrise, FL sits at one end of an already wide local range rather than apart from it. Sunrise, FL has the highest median home price of the 6 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sunrise, FL | 98,854 | $372,947 #1/6 | $2,135 #2/6 | 70.1% #2/6 |
| Plantation, FL | 96,427 | $286,524 | $2,231 | 64.4% |
| Tamarac, FL | 71,922 | $291,915 | $1,886 | 75.8% |
| Lauderhill, FL | 73,979 | $154,338 | $1,678 | 54.4% |
| Davie, FL | 105,718 | $202,602 | $2,087 | 65.6% |
| North Lauderdale, FL | 43,820 | $322,283 | $2,068 | 60.9% |
Frequently Asked Questions
Common questions about the housing market in Sunrise, Florida.
What is the median home price in Sunrise, Florida?
The median home price in Sunrise, Florida is $372,947, higher than the Florida average of $311,338.
What is the average home price in Sunrise, Florida?
The typical home price in Sunrise, Florida, reported as the median sale price, is $372,947. 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 Sunrise, Florida?
The median gross rent in Sunrise, Florida is $2,135 per month, higher than the Florida average of $1,668.
What was the median gross rent in Sunrise in 2020?
In 2020, the median gross rent in Sunrise, Florida was $1,612 per month.
What is the price-to-rent ratio in Sunrise, Florida?
The price-to-rent ratio in Sunrise, Florida is about 14.6, meaning it would take roughly 14.6 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 Sunrise.
Are home prices or rent rising faster in Sunrise, Florida?
Both home prices and rent are rising in Sunrise, up about 31.8% and 6.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sunrise, Florida?
63.1% of households in Sunrise, Florida own their home, higher than the Florida average of 57.7%.
What is the vacancy rate in Sunrise, Florida?
The housing vacancy rate in Sunrise, Florida is 9.9%, lower than the Florida average of 14.6%.
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