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Housing Profile
Broward County, Florida
  • Population, 2016: 1854508. Broward County ranks # 2 of Florida's 67 counties in population.
  • Households, 2016: 739621
  • Homeownership Rate, 2016: 67.2%. Statewide, Florida's homeownership rate is 67.8%.
Population Projections
  • In 2040, Broward County is projected to have a population of 2237890, ranking it # 2 of Florida's 67 counties.

Projected Total Population, Broward County, 2010-2040

Place 2010 2016 2020 2025 2030 20352040
Broward County 1748066 1854508 1940701 2038400 2117196 2182299 2237890
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $297276. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $73691.
  • Condominium, average just value, 2016: $152607.

Home Sales Prices

  • The average sales price for a single family home was $348174 in 2016. The median sales price that year was $285000, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Broward County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Broward County Condominiums NA NA NA 57850 NA 71200 85500 100000 130000 187000 205400 199900 139900 72500 65000 65000 75000 90000 106000 115000 119500
Broward County Single Family Homes NA NA 1683900 134900 NA 165000 185000 207200 250000 310000 332000 330000 275000 189000 180000 168500 189900 237000 250000 275000 285000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Broward County, Florida, 2011-2015 American Community Survey

Place Median Gross RentState Median Gross Rent
Broward County, Florida 1191 1002
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File
  • In Broward County and the surrounding metro area, the HUD Fair Market Rent in 2017, representing rent for a typical modest apartment, was $829 for a studio apartment, $1023 for a one-bedroom, $1307 for a two-bedroom, $1883 for a three-bedroom, and $2303 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Broward County, 2011-2015

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500-$1,999 $2,000-$2,499 $2,500-$2,999 $3,000-$3,499 $3,500 or More No Cash RentTotal
Broward County 1103 2672 4062 14550 52333 96564 42740 12664 4595 2513 1467 9330 244593
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 88 licensed manufactured housing parks in Broward with 13725 lots in 2012.
  • There are 3964 licensed condominium developments in Broward with 252529 units in 2012. Of these, 492 properties with 45662 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Broward County, 2005-2015

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 2013 20142015
Broward County Broward One to four-family (other than manufactured housing) 74189 58690 29028 13672 13391 12877 12569 16862 18508 21248 26365
Broward County Broward Manufactured housing 292 294 248 154 36 49 30 26 85 28 45
Broward County Broward Multifamily 186 100 66 37 24 28 21 55 93 126 121
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2015

Foreclosures and Serious Delinquencies

  • The Ft. Lauderdale PMSA had a foreclosure rate for 1-4 unit homes of 11.62% and a serious delinquency (90+ day) rate of 4.18% in September 2013.

    Source: Analysis of LPI Applied Analytics data by LISC, tabulated by the Urban Institute
Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2016, 356393 Broward County households (48%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 188540 households in Broward County (25%) pay more than 50% of income for housing.

Households by Cost Burden, Broward County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 383228 167853 188540
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Broward County, 2016

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 284224 104451 108607
Renter 99004 63402 79933
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Broward County and the surrounding metro area, the HUD-estimated median income for a family of four is $64100 in 2017.

Households by Income and Cost Burden, Broward County, 2016

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 7618 8846 85175
30.01-50% AMI 19080 27784 51475
50.01-80% AMI 46933 52453 32044
80.01+% AMI 309597 78770 19846
Total 383228 167853 188540
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 189055 households in Broward County (25.6%) are headed by a person age 65 or older in 2016. In comparison, 30.1% of households statewide are headed by elderly persons.
  • 155653 of elderly households in Broward (82.3%) own their homes.
  • 88632 elderly households (47%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Broward County, 2016

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 100423 37653 50979
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Broward County was 2064 square feet.

Year Structure Built, Broward County, 2011-2015 American Community Survey

Place Number Share by Decade
2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2010 or After 2000-2009 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Broward County 6464 92980 130743 149425 218065 125851 74915 9846 6165 814454 0.8 11.4 16.1 18.3 26.8 15.5 11.2
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Broward County, 2011-2015 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Broward County 24500 3.7 19653 2.9 10499 1.3 6112 0.8
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2011-2015 American Community Survey 5-Year Summary File