Lauderdale Lakes, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Lauderdale Lakes, FL Housing Market Trends

With 36,194 people, 11,790 houses or apartments, and a median cost of homes of $166,425, house prices in Lauderdale Lakes are solidly below the national average.

Large apartment complexes or high rise apartments are the single most common housing type in Lauderdale Lakes, accounting for 63.34% of the city's housing units. Other types of housing that are prevalent in Lauderdale Lakes include single-family detached homes ( 27.60%), duplexes, homes converted to apartments or other small apartment buildings ( 5.80%), and a few row houses and other attached homes ( 1.80%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Lauderdale Lakes primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Lauderdale Lakes has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lauderdale Lakes built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lauderdale Lakes built between 1940-1969 ( 30.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 2.74%). There's also some housing in Lauderdale Lakes built before 1939 ( 1.60%).

Vacant housing appears to be an issue in Lauderdale Lakes. Fully 20.16% of the housing stock is classified as vacant. Left unchecked, vacant Lauderdale Lakes homes and apartments can be a drag on the real estate market, holding Lauderdale Lakes real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Lauderdale Lakes Home Appreciation Rates

In the last 10 years, Lauderdale Lakes has experienced some of the highest home appreciation rates of any community in the nation. Lauderdale Lakes real estate appreciated 139.12% over the last ten years, which is an average annual home appreciation rate of 9.11%, putting Lauderdale Lakes in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lauderdale Lakes definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lauderdale Lakes's appreciation rate, at 7.45%, has been at or slightly above the national average. In the latest quarter, Lauderdale Lakes's appreciation rate has been 2.20%, which annualizes to a rate of 9.09%.

Relative to Florida, our data show that Lauderdale Lakes's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lauderdale Lakes differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lauderdale Lakes - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lauderdale Lakes real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$166,425

Lauderdale Lakes, FL HOME PRICES

> $1,290,000
0.1%
0.1%
$968,001 - $1,290,000
0.0%
0.0%
$645,001 - $968,000
0.4%
0.4%
$516,001 - $645,000
0.6%
0.6%
$387,001 - $516,000
5.5%
5.5%
$258,001 - $387,000
21.9%
21.9%
$129,001 - $258,000
28.9%
28.9%
$64,001 - $129,000
26.6%
26.6%
$0 - $64,000
15.9%
15.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for FL

Value Relative To Nation

Number Of Homes And Apartments:
11,790

Lauderdale Lakes Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
154.94% 4.50%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,584 / per month

Homeownership Rate

Owners
54.5%
54.5%
Renters
45.5%
45.5%
Vacant
20.2%
20.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
2.7%
2.7%
1970 - 1999
65.6%
65.6%
1940 - 1969
30.1%
30.1%
1939 or Older
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
27.6%
27.6%
Townhomes
1.8%
1.8%
Small Apt. Buildings
5.8%
5.8%
Apt. Complexes
63.3%
63.3%
Mobile Homes
1.5%
1.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.6%
1.6%
1 Bedroom
21.2%
21.2%
2 Bedrooms
50.0%
50.0%
3 Bedrooms
21.2%
21.2%
4 Bedrooms
5.5%
5.5%
5 or more bedrooms
0.5%
0.5%
0.0% 100.0%
% OF HOMES