Fort Lauderdale Real Estate – A city known for it’s climate, waterways and amazing homes has not been spared during the real estate downturn. Location and climate means there will be some good opportunites to invest for future price growth.

Fort Lauderdale real estate prices / against national average (right)

Turnover (Sold Within Last Yr.):   2.4%  2.2% 
Property Tax:   $5,344  $2,861 
Median Condo Value:   $275,000  $216,500 
Median Single Family Home Value:   $277,500  $234,000 
Median 1-Bedroom Home Value:   $159,000  $196,500 
Median 2-Bedroom Home Value:   $222,000  $205,000 
Median 3-Bedroom Home Value:   $310,500  $231,500 
Median 4-Bedroom Home Value:   $569,000  $337,500 

How Fort Lauderdale looked in 2007

Estimated median household income in 2007: $52,264 (it was $37,887 in 2000)

Fort Lauderdale:   $52,264
Florida:   $47,804

Estimated median house or condo value in 2007: $370,300 (it was $132,600 in 2000)
Fort Lauderdale:   $370,300
Florida:   $230,400