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Best Neighborhoods to Invest in Fort Lauderdale Real Estate Market

by Eman HamedApr 11, 2018April 17, 2018

Fort Lauderdale, Florida has come a long way since the recession. Today, Fort Lauderdale real estate climbed to #6 among the 78 real estate markets included in this year’s edition of PWC’s Emerging Trends in Real Estate after placing 35th only a year ago. Therefore, for real estate investors looking for a hot market to buy an investment property, we strongly suggest Fort Lauderdale real estate market.

In this article, we’re going to explore the reasons that put Fort Lauderdale real estate on the top in 2018 and list the top 10 neighborhoods which Fort Lauderdale real estate investors should keep in mind when searching for an investment property to buy, according to Mashvisor’s investment property calculator.

Fort Lauderdale Real Estate Market

Home Values

Fort Lauderdale real estate investors will be happy to learn that home values in the city have increased significantly over the last three years. Over the last year, homes in Fort Lauderdale have appreciated at a rate of 7.6% (which is 3% higher than the national average.) In addition, Fort Lauderdale’s population witnessed an increase of 12.4%. As a result, this increase in home values and the growing population led to an increase in home sales especially multi-family and single-family homes. This naturally left a positive outlook on Fort Lauderdale real estate market.

Affordability

What is impressive about Fort Lauderdale real estate is that even though it has witnessed an increase in home values, it is still considered more affordable than most housing markets across the United States. This makes Fort Lauderdale a hot real estate investing market for real estate investors seeking out alternatives to much higher prices in primary real estate markets like New York, San Francisco, Chicago, and Miami.

Tourism

Named the Venice of America, more than 13 million tourists select Fort Lauderdale as their destination of choice! The city offers numerous attractions from the beautiful Fort Lauderdale Beach, Hugh Taylor Birch State Park, Sawgrass Recreation Park, Las Olas Boulevard and more. This makes Fort Lauderdale perfect for investing in Airbnb real estate! Thus, for real estate investors looking for a hot market to invest in short-term rental properties, Fort Lauderdale real estate is a perfect choice!

Job Growth

The job market in Fort Lauderdale is not necessarily the best in the country. With an unemployment rate of 6.3%, Fort Lauderdale falls behind the national average. Nonetheless, this unemployment rate is actually heading in the right direction – it is now lower than last year’s 7.9%! Fort Lauderdale is creating jobs at a much higher rate than other markets on a national average. In fact, experts predict that the job market will witness an increase of 3% in the next year. At this current rate, job opportunities and employment trends should continue to grow and drive the local supply and demand of Fort Lauderdale real estate.

Now that we’ve covered the main reasons why the Fort Lauderdale real estate market is a top housing market in 2018, let’s talk numbers! Here’s a quick summary of Fort Lauderdale real estate market, in addition to a list of the best neighborhoods in which real estate investors should buy an investment property in Fort Lauderdale, Florida as computed by Mashvisor’s investment property calculator. To learn more about our product, click here.

A Quick Summary of Fort Lauderdale Real Estate Market

Median Property Price: $545,274
Traditional Rental Income: $2,770
Airbnb Rental Income: $1,798
Traditional Cash on Cash Return: 1.75%
Airbnb Cash on Cash Return: 1.56%
Traditional Cap Rate: 1.75%
Airbnb Cap Rate: 1.56%

The Best Neighborhoods of Fort Lauderdale Real Estate Market

Fort Lauderdale Real Estate Market – Hugh Taylor Birch State Park

Median Property Price: $722,500
Traditional Rental Income: $2,968
Airbnb Rental Income: $4,588
Traditional Cash on Cash Return: 0.39%
Airbnb Cash on Cash Return: 2.47%
Traditional Cap Rate: 0.39%
Airbnb Cap Rate: 2.47%
Occupancy Rate: 61.35%

Fort Lauderdale Real Estate Market – Victoria Park

Median Property Price: $687,000
Traditional Rental Income: $2,857
Airbnb Rental Income: $2,518
Traditional Cash on Cash Return: 1.5%
Airbnb Cash on Cash Return: 1.63%
Traditional Cap Rate: 1.5%
Airbnb Cap Rate: 1.63%
Occupancy Rate: 55.29%

Fort Lauderdale Real Estate Market – Central Beach Alliance

Median Property Price: $297,000
Traditional Rental Income: $2,254
Airbnb Rental Income: $2,912
Traditional Cash on Cash Return: -0.11%
Airbnb Cash on Cash Return: 2.98%
Traditional Cap Rate: -0.11%
Airbnb Cap Rate: 2.98%
Occupancy Rate: 63.56%

Fort Lauderdale Real Estate Market – Riverland

Median Property Price: $239,450
Traditional Rental Income: $1,549
Airbnb Rental Income: $2,130
Traditional Cash on Cash Return: 3.32%
Airbnb Cash on Cash Return: 4.51%
Traditional Cap Rate: 3.32%
Airbnb Cap Rate: 4.51%
Occupancy Rate: 57.19%

Fort Lauderdale Real Estate Market – Lake Ridge

Median Property Price: $435,000
Traditional Rental Income: $2,278
Airbnb Rental Income: $3,058
Traditional Cash on Cash Return: 2.06%
Airbnb Cash on Cash Return: 3.86%
Traditional Cap Rate: 2.06%
Airbnb Cap Rate: 3.86%
Occupancy Rate: 64.35%

Fort Lauderdale Real Estate Market – Coral Ridge

Median Property Price: $886,250
Traditional Rental Income: $4,273
Airbnb Rental Income: $6,762
Traditional Cash on Cash Return: 1.73%
Airbnb Cash on Cash Return: 4.47%
Traditional Cap Rate: 1.73%
Airbnb Cap Rate: 4.47%
Occupancy Rate: 63.75%

Fort Lauderdale Real Estate Market – Oak River Homeowners

Median Property Price: $259,750
Traditional Rental Income: $1,437
Airbnb Rental Income: $2,974
Traditional Cash on Cash Return: 2.81%
Airbnb Cash on Cash Return: 8.33%
Traditional Cap Rate: 2.81%
Airbnb Cap Rate: 8.33%
Occupancy Rate: 51.55%

Fort Lauderdale Real Estate Market – Poinsettia Heights

Median Property Price: $435,000
Traditional Rental Income: $2,552
Airbnb Rental Income: $5,102
Traditional Cash on Cash Return: 2.71%
Airbnb Cash on Cash Return: 8.09%
Traditional Cap Rate: 2.71%
Airbnb Cap Rate: 8.09%
Occupancy Rate: 58.07%

Fort Lauderdale Real Estate Market – Tarpon River

Median Property Price: $289,900
Traditional Rental Income: $2,020
Airbnb Rental Income: $1,962
Traditional Cash on Cash Return: 2%
Airbnb Cash on Cash Return: 1.85%
Traditional Cap Rate: 2%
Airbnb Cap Rate: 1.85%
Occupancy Rate: 53.50%

Fort Lauderdale Real Estate Market – Chula Vista

Median Property Price: $297,500
Traditional Rental Income: $1,484
Airbnb Rental Income: $3,567
Traditional Cash on Cash Return: 2.04%
Airbnb Cash on Cash Return: 8.48%
Traditional Cap Rate: 2.04%
Airbnb Cap Rate: 8.48%
Occupancy Rate: 46.86%

Click here to start searching for the best investment property in Fort Lauderdale right now!

Fort Lauderdale Real Estate Market – Conclusion

Whether you’re a beginner or an experienced real estate investor, Fort Lauderdale real estate market should definitely be on your list of places in which to buy investment property. The above-mentioned neighborhoods are those in which Fort Lauderdale real estate investors will find investment properties that are worth their money and will generate a high return on investment, as calculated by Mashvisor’s investment property calculator.

Mashvisor is an online platform that provides real estate investors with the best real estate investing tools to make smart investment decisions. Sign up for Mashvisor now to get access to our investment property calculator as well as other real estate investing tools to help you buy the best investment properties in any state, city, and neighborhood in the US housing market! To learn more about all aspects of real estate investing, continue reading our blog.

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