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Fort Lauderdale

Why you'd want to live in Fort Lauderdale

If you love living near the ocean, meeting visitors from around the world, and enjoying international eats on the regular, the relatively high cost of living in Fort Lauderdale may be worth it for you. Fort Lauderdale’s cost of living is 17% higher than the U.S. average, but still significantly lower than other well-connected coastal towns like Palm Beach, San Diego, and Key West. Residents here pay only a little more than the national average for groceries, healthcare, utilities, transportation, and goods and services—rates comparable to Florida cities like Miami. And though houses for sale in Fort Lauderdale have a median home price of $575,500, and local rentals have a median monthly rent of about $2,700—residents can still find plenty of safe, affordable Fort Lauderdale neighborhoods that can fit most budgets. Plus, Florida is one of the states without income tax, which helps residents save money. via extraspace.com

Fort Lauderdale Market Report

$854,899

AVERAGE PRICE OF 10 DISTRESSED HOMES

$5,023,568

AVERAGE PRICE OF 170 NEWLY BUILT HOMES

$2,080,756

AVERAGE PRICE OF 85 REDUCED PRICE HOMES

Average Home

Average Price n/a
Avg Bedrooms 2.58 beds
Avg Bathrooms 2.39 baths

Average Price by Bedrooms

1 bedroom $392,539
2 bedrooms $707,833
3 bedrooms $1,228,896
4 bedrooms $1,958,052
5 bedrooms $4,137,764
Fort Lauderdale Home Price Trends
  11/2023 10/2023 9/2023 8/2023 7/2023
Total Listings 1,755 1,619 1,496 1,481 1,481
Average Price n/a n/a n/a n/a n/a
Avg Price Change n/a n/a n/a n/a n/a
Median Price $774,031 $793,439 $783,967 $752,993 $749,174
Med Price Change -2.51% +1.21% +4.11% +0.51% -3.65%
Avg Bedrooms 2.58 beds 2.56 beds 2.55 beds 2.56 beds 2.54 beds
Avg Bathrooms 2.36 baths 2.34 baths 2.32 baths 2.33 baths 2.34 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Dillard High School 1 $365,000 30 days
Fort Lauderdale 206 $1,904,204 95 days
Fort Lauderdale High School 36 $2,705,390 93 days
Hollywood Hills High School 1 $949,900 44 days
Hollywood Hl High 6 $295,466 61 days
Northeast 29 $1,133,955 70 days
Northeast High School 9 $1,019,089 82 days
Nova 1 $599,000 87 days
Stranahan 46 $1,233,050 70 days
Stranahan High School 4 $788,625 44 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 1,779 n/a 103 days
Distressed Homes 10 $854,899 151 days
Multi-Million Dollar Homes 691 n/a 128 days
Newly Built Homes 170 $5,023,568 137 days
Homes with a Pool 1,145 n/a 95 days
Reduced Price Homes 85 $2,080,756 86 days