Homes for Sale in Fort Lauderdale, FL: What You Need to Know
Fort Lauderdale is a tourist and retirement paradise with a cost of living 16% above the national average. Most necessities are more costly here, including housing. However, there’s no federal income tax. See the list of average prices below.
Median Home Price: $314,300
Energy Bill: $166.15 per month
Phone Bill: $177.11 per month
Gas: $2.82 per gallon
Food & Groceries: 3% higher lower than the national average
Healthcare 3% lower than the national average
Sales Tax: 7%
Fort Lauderdale Real Estate: Housing Availability
Over half of Fort Lauderdale's housing market comprises apartments and condominiums in apartment complexes, high-rises, or smaller apartment buildings. Another 36% are single-family detached houses, followed by townhomes (5.4%). The real estate market has a positive long-term outlook, especially for homes for sale. Home values have increased by 8.1% over the past 12 months, and 10% over the past decade.
Things to Do in Fort Lauderdale
Fort Lauderdale has it all: warm weather your-round, seven miles of beaches, and a vibrant culture to explore. Soak up the sun on Fort Lauderdale Beach or Las Olas Beach. Stroll down Las Olas Boulevard to discover stunning sights, yachts and mansions, art galleries, over 100 shops, and countless first-class dining venues. Then, recharge in the serene green oasis of Hugh Taylor Birch State Park and Bonnet House Museum & Gardens. Fort Lauderdale has many excellent museums, including the Historic Stranahan House Museum, Antique Car Museum, Museum of Discovery and Science, and NSU Art Museum. In the mood for something wild? Stop by Everglades Holiday Park, home of Animal Planet's "Gator Boys," and the (in)famous Florida alligators.
The Local Population
Florida's 10th-largest city has a population of 184,599 on 34.6 square miles. The city is racially very diverse, including large numbers of residents from Latin America and Haiti. The major ethnic groups are White (48%), Black or African American (31%), Hispanic or Latino (19%), mixed-race (2%), and Asian (1.7%). There are 36.5% of locals with a bachelor's degree or higher. The average household income is $95,797, and there is a poverty rate of 17.81%.
Climate and Weather
Fort Lauderdale has a tropical climate, with very high temperatures, humidity, and precipitation. August is the hottest month of the year when temperatures average 83.5°F. Even in the cool season between December and March, temperatures rarely drop below 50°F. Rainfall averages 60 inches per year. From June 1 through November, it is the official Hurricane season in South Florida.