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These days, finding an affordable place to live in the Fort Lauderdale area can be challenging. Home prices in Fort Lauderdale are now at a median cost of $566,029, higher than the Florida average of $396,783.
The average cost of rent is $1,976/mo in Fort Lauderdale, primarily driven by the current value of real estate in the Fort Lauderdale area. In Fort Lauderdale, 45.73% of households rent, and 44.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fort Lauderdale is $7,772 per month. Households that rent pay about 25.43% of their income on rent here. Fort Lauderdale’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wilton Manors, FL: equally priced homes
- Oakland Park, FL: less expensive homes
- Lauderdale Lakes, FL: less expensive homes
- Lauderhill, FL: less expensive homes
- Lauderdale-by-the-Sea, FL: higher priced homes
- Sea Ranch Lakes, FL: higher priced homes
- Dania Beach, FL: less expensive homes
- Dania, FL: less expensive homes
- Plantation, FL: less expensive homes
- North Lauderdale, FL: less expensive homes
Cities with Similar Populations
- Vallejo, CA: equally priced homes
- Virginia Beach, VA: less expensive homes
- Valparaiso, IN: less expensive homes
- Tustin, CA: higher priced homes
- Victorville, CA: less expensive homes
- Springfield, OR: less expensive homes
- Stockton, CA: equally priced homes
- Stone Mountain, GA: less expensive homes
- St. Cloud, FL: less expensive homes
- Spartanburg, SC: less expensive homes
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