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Broward County Housing Market

Florida · 67 counties · Ranked #2879 in home value

Above National Avg

Housing at a Glance

Median Home Value

$380,400

vs national+$380,400 vs $281,900 national

Median Gross Rent

$1,804/mo

vs national+$1,804 vs $1,163 national

Effective Tax Rate

0.95%

vs national0.95% vs 1.02% national

Median Household Income

$74,534

vs national$74,534 vs $74,755 national

Affordability Ratio

5.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

37.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$3,610

Tax as % of Home Value

0.95%

Monthly Owner Cost

$1,597

Renter Income

$55,803

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Frequently Asked Questions

What is the median home value in Broward County?

The median home value in Broward County is $380,400. This is above the national median of $281,900.

How much is rent in Broward County?

The median gross rent in Broward County is $1,804 per month.

What is the property tax rate in Broward County?

The effective property tax rate in Broward County is 0.95%. The median annual property tax bill is $3,610.

Is Broward County affordable?

With a home-value-to-income ratio of 5.1x, Broward County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.