Top Locations Best Neighborhoods to Invest in Fort Lauderdale Real Estate Market by Eman Hamed April 11, 2018April 17, 2018 by Eman Hamed April 11, 2018April 17, 2018 Fort Lauderdale, Florida has come a long way since the recession. Today, Fort Lauderdale real estate climbed to #6 among the 78 real estate markets included in this year’s edition of PWC’s Emerging Trends in Real Estate after placing 35th only a year ago. Therefore, for real estate investors looking for a hot market to buy an investment property, we strongly suggest Fort Lauderdale real estate market. In this article, we’re going to explore the reasons that put Fort Lauderdale real estate on the top in 2018 and list the top 10 neighborhoods which Fort Lauderdale real estate investors should keep in mind when searching for an investment property to buy, according to Mashvisor’s investment property calculator. Related: Top 10 Real Estate Markets for Buying Rental Property in 2018 Fort Lauderdale Real Estate Market Home Values Fort Lauderdale real estate investors will be happy to learn that home values in the city have increased significantly over the last three years. Over the last year, homes in Fort Lauderdale have appreciated at a rate of 7.6% (which is 3% higher than the national average.) In addition, Fort Lauderdale’s population witnessed an increase of 12.4%. As a result, this increase in home values and the growing population led to an increase in home sales especially multi-family and single-family homes. This naturally left a positive outlook on Fort Lauderdale real estate market. Affordability What is impressive about Fort Lauderdale real estate is that even though it has witnessed an increase in home values, it is still considered more affordable than most housing markets across the United States. This makes Fort Lauderdale a hot real estate investing market for real estate investors seeking out alternatives to much higher prices in primary real estate markets like New York, San Francisco, Chicago, and Miami. Tourism Named the Venice of America, more than 13 million tourists select Fort Lauderdale as their destination of choice! The city offers numerous attractions from the beautiful Fort Lauderdale Beach, Hugh Taylor Birch State Park, Sawgrass Recreation Park, Las Olas Boulevard and more. This makes Fort Lauderdale perfect for investing in Airbnb real estate! Thus, for real estate investors looking for a hot market to invest in short-term rental properties, Fort Lauderdale real estate is a perfect choice! Related: Real Estate Investing: Traditional vs. Airbnb Investments Job Growth The job market in Fort Lauderdale is not necessarily the best in the country. With an unemployment rate of 6.3%, Fort Lauderdale falls behind the national average. Nonetheless, this unemployment rate is actually heading in the right direction – it is now lower than last year’s 7.9%! Fort Lauderdale is creating jobs at a much higher rate than other markets on a national average. In fact, experts predict that the job market will witness an increase of 3% in the next year. At this current rate, job opportunities and employment trends should continue to grow and drive the local supply and demand of Fort Lauderdale real estate. Now that we’ve covered the main reasons why the Fort Lauderdale real estate market is a top housing market in 2018, let’s talk numbers! Here’s a quick summary of Fort Lauderdale real estate market, in addition to a list of the best neighborhoods in which real estate investors should buy an investment property in Fort Lauderdale, Florida as computed by Mashvisor’s investment property calculator. To learn more about our product, click here. A Quick Summary of Fort Lauderdale Real Estate Market Median Property Price: $545,274 Traditional Rental Income: $2,770 Airbnb Rental Income: $1,798 Traditional Cash on Cash Return: 1.75% Airbnb Cash on Cash Return: 1.56% Traditional Cap Rate: 1.75% Airbnb Cap Rate: 1.56% The Best Neighborhoods of Fort Lauderdale Real Estate Market Fort Lauderdale Real Estate Market – Hugh Taylor Birch State Park Median Property Price: $722,500 Traditional Rental Income: $2,968 Airbnb Rental Income: $4,588 Traditional Cash on Cash Return: 0.39% Airbnb Cash on Cash Return: 2.47% Traditional Cap Rate: 0.39% Airbnb Cap Rate: 2.47% Occupancy Rate: 61.35% Fort Lauderdale Real Estate Market – Victoria Park Median Property Price: $687,000 Traditional Rental Income: $2,857 Airbnb Rental Income: $2,518 Traditional Cash on Cash Return: 1.5% Airbnb Cash on Cash Return: 1.63% Traditional Cap Rate: 1.5% Airbnb Cap Rate: 1.63% Occupancy Rate: 55.29% Fort Lauderdale Real Estate Market – Central Beach Alliance Median Property Price: $297,000 Traditional Rental Income: $2,254 Airbnb Rental Income: $2,912 Traditional Cash on Cash Return: -0.11% Airbnb Cash on Cash Return: 2.98% Traditional Cap Rate: -0.11% Airbnb Cap Rate: 2.98% Occupancy Rate: 63.56% Fort Lauderdale Real Estate Market – Riverland Median Property Price: $239,450 Traditional Rental Income: $1,549 Airbnb Rental Income: $2,130 Traditional Cash on Cash Return: 3.32% Airbnb Cash on Cash Return: 4.51% Traditional Cap Rate: 3.32% Airbnb Cap Rate: 4.51% Occupancy Rate: 57.19% Fort Lauderdale Real Estate Market – Lake Ridge Median Property Price: $435,000 Traditional Rental Income: $2,278 Airbnb Rental Income: $3,058 Traditional Cash on Cash Return: 2.06% Airbnb Cash on Cash Return: 3.86% Traditional Cap Rate: 2.06% Airbnb Cap Rate: 3.86% Occupancy Rate: 64.35% Fort Lauderdale Real Estate Market – Coral Ridge Median Property Price: $886,250 Traditional Rental Income: $4,273 Airbnb Rental Income: $6,762 Traditional Cash on Cash Return: 1.73% Airbnb Cash on Cash Return: 4.47% Traditional Cap Rate: 1.73% Airbnb Cap Rate: 4.47% Occupancy Rate: 63.75% Fort Lauderdale Real Estate Market – Oak River Homeowners Median Property Price: $259,750 Traditional Rental Income: $1,437 Airbnb Rental Income: $2,974 Traditional Cash on Cash Return: 2.81% Airbnb Cash on Cash Return: 8.33% Traditional Cap Rate: 2.81% Airbnb Cap Rate: 8.33% Occupancy Rate: 51.55% Fort Lauderdale Real Estate Market – Poinsettia Heights Median Property Price: $435,000 Traditional Rental Income: $2,552 Airbnb Rental Income: $5,102 Traditional Cash on Cash Return: 2.71% Airbnb Cash on Cash Return: 8.09% Traditional Cap Rate: 2.71% Airbnb Cap Rate: 8.09% Occupancy Rate: 58.07% Fort Lauderdale Real Estate Market – Tarpon River Median Property Price: $289,900 Traditional Rental Income: $2,020 Airbnb Rental Income: $1,962 Traditional Cash on Cash Return: 2% Airbnb Cash on Cash Return: 1.85% Traditional Cap Rate: 2% Airbnb Cap Rate: 1.85% Occupancy Rate: 53.50% Fort Lauderdale Real Estate Market – Chula Vista Median Property Price: $297,500 Traditional Rental Income: $1,484 Airbnb Rental Income: $3,567 Traditional Cash on Cash Return: 2.04% Airbnb Cash on Cash Return: 8.48% Traditional Cap Rate: 2.04% Airbnb Cap Rate: 8.48% Occupancy Rate: 46.86% Click here to start searching for the best investment property in Fort Lauderdale right now! Fort Lauderdale Real Estate Market – Conclusion Whether you’re a beginner or an experienced real estate investor, Fort Lauderdale real estate market should definitely be on your list of places in which to buy investment property. The above-mentioned neighborhoods are those in which Fort Lauderdale real estate investors will find investment properties that are worth their money and will generate a high return on investment, as calculated by Mashvisor’s investment property calculator. Related: Mashvisor’s Investment Property Calculator: A Guide for Beginner Real Estate Investors Mashvisor is an online platform that provides real estate investors with the best real estate investing tools to make smart investment decisions. Sign up for Mashvisor now to get access to our investment property calculator as well as other real estate investing tools to help you buy the best investment properties in any state, city, and neighborhood in the US housing market! To learn more about all aspects of real estate investing, continue reading our blog. To start your 14-day free trial with Mashvisor and subscribe to our services with a 20% discount after, click here. Start Your Investment Property Search! START FREE TRIAL Start Your Investment Property Search! START FREE TRIAL Fort Lauderdale FL 0 FacebookTwitterGoogle +PinterestLinkedin Eman Hamed Eman is a Content Writer at Mashvisor. With a focus on market reports, she enjoys researching the state of the real estate market in different cities across the US. Eman also writes about trends, forecasts, and tips for beginner investors to gain the confidence and knowledge they need to make wise decisions. Previous Post Condo Fees: What You Need to Know Before You Buy a Condo Next Post The Best Way to Invest $10,000: A Real Estate Investment Related Posts Best Places to Invest in Real Estate Based on Cost of Living Should You Go for Austin Real Estate Investing Now? 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