Tamarac, 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 Q4 2020. 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

Tamarac, FL Housing Market Trends

With a population of 66,721, 26,983 total housing units (homes and apartments), and a median house value of $194,133, Tamarac real estate and house prices are near the national average for all cities and towns.

Large apartment complexes or high rise apartments are the single most common housing type in Tamarac, accounting for 44.86% of the city's housing units. Other types of housing that are prevalent in Tamarac include single-family detached homes ( 38.79%), row houses and other attached homes ( 13.16%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.17%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Dwellings in Tamarac tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 74.79% of the homes in Tamarac have two or fewer bedrooms.

There is a lot of housing in Tamarac 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 Tamarac built between 1940-1969 ( 11.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.90%).

Vacant housing appears to be an issue in Tamarac. Fully 13.78% of the housing stock is classified as vacant. Left unchecked, vacant Tamarac homes and apartments can be a drag on the real estate market, holding Tamarac 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.

Tamarac Home Appreciation Rates

In the last 10 years, Tamarac has experienced some of the highest home appreciation rates of any community in the nation. Tamarac real estate appreciated 93.14% over the last ten years, which is an average annual home appreciation rate of 6.80%, putting Tamarac in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Tamarac 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, Tamarac's appreciation rate, at 5.70%, has been at or slightly above the national average. In the latest quarter, Tamarac's appreciation rate has been 1.46%, which annualizes to a rate of 5.99%.

Notably, Tamarac's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Tamarac's latest annual appreciation rate is lower than 90% 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 Tamarac differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Tamarac - 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 Tamarac real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$194,133

Tamarac, FL HOME PRICES

> $1,238,000
0.5%
0.5%
$929,001 - $1,238,000
0.2%
0.2%
$619,001 - $929,000
1.1%
1.1%
$495,001 - $619,000
2.2%
2.2%
$371,001 - $495,000
7.5%
7.5%
$247,001 - $371,000
26.9%
26.9%
$124,001 - $247,000
36.3%
36.3%
$62,001 - $124,000
17.7%
17.7%
$0 - $62,000
7.4%
7.4%
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:
26,983

Tamarac Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
132.19% 4.09%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,866 / per month

Homeownership Rate

Owners
72.1%
72.1%
Renters
27.9%
27.9%
Vacant
13.8%
13.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
8.9%
8.9%
1970 - 1999
78.8%
78.8%
1940 - 1969
11.4%
11.4%
1939 or Older
0.9%
0.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.8%
38.8%
Townhomes
13.2%
13.2%
Small Apt. Buildings
3.2%
3.2%
Apt. Complexes
44.9%
44.9%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
7.7%
7.7%
2 Bedrooms
65.4%
65.4%
3 Bedrooms
21.9%
21.9%
4 Bedrooms
3.1%
3.1%
5 or more bedrooms
0.3%
0.3%
0.0% 100.0%
% OF HOMES