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Broward County, FL

Fort Lauderdale

RANK #878 / 996 NAT  ·  #30 / 41 FL  ·  POP 1,940,907

1YR FORECAST: -2.5%

5YR OUTLOOK: +13%

Our model projects Broward County's housing market at -2.5% over the next year, underperforming most U.S. counties.

[01] Why Broward County?

Broward County, Florida, is known for its extensive canal system in Fort Lauderdale, earning it the nickname "Venice of America." Located on Florida's southeast coast, just north of Miami, the county offers a blend of urban and suburban environments. Commuting options include Tri-Rail, Brightline, Broward County Transit buses, and community shuttles, connecting residents within the county and to neighboring Miami-Dade and Palm Beach counties. The community offers year-round outdoor recreation due to its climate, with access to 24 miles of sandy beaches, numerous parks, and nature centers like Anne Kolb Nature Center and Everglades Holiday Park, where visitors can experience airboat rides and wildlife viewing.

Life in Broward County attracts a diverse population, including families, professionals, and retirees. The public school system, Broward County Public Schools, is one of the largest in the nation. The economy is driven by tourism, trade, and sectors like healthcare and technology, with Fort Lauderdale leading in yachting and boating. Recent economic developments show continued investment in infrastructure, including expansions at the Fort Lauderdale-Hollywood International Airport and Port Everglades, and a focus on attracting international trade and tourism.

[02] Market Snapshot

Housing Ratio
5.0x

Above national median (4.7x)

GDP Growth
+2.5%

Below national median

Home Prices
-5.5%

Prices declining

Climate & Terrain
5.0

Favorable climate & terrain

Price/Rent
12x

Strong rental yield

Housing is fairly valued at 5.0x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Broward County Public Schools Education
    50,000+
  2. 2
    AutoNation Retail
    25,000+
  3. 3
    MSC Cruises Hospitality
    10,000+
  4. 4
    Integrated Regional Laboratories, Inc. Healthcare
  5. 5
    Citrix Systems Technology
    5,000+
  6. 6
    JM Family Enterprises Other
    2,500+
  7. 7
    American Express Finance
  8. 8
    Elizabeth Arden Retail
  9. 9
    BrandsMart U.S.A. Retail
  10. 10
    UKG (formerly Ultimate Software) Technology
    1,000+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Broward County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,940,907
+0.33% YoY
Median Household Income
$70,331
Median Home Value
$348,600
-5.47% 12mo
Median Rent
$1,683
Average Annual Pay
$71,492
+3.2% YoY
Employment
864,520
+1.0% YoY
Income-to-Home-Value
0.2018
Near national average
Migration Inflow
2.33%
of pop. from another state
Bachelor's Degree+
34.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$455,000
Days on Market
100
Slower market
Months of Supply
16.1
Buyer's market
Sale-to-List Ratio
95.3%
Negotiation room for buyers
Sold Above List
7.4%
Listings w/ Price Drops
21.6%
Building Permits (2024)
1,655
Single-Family Permits
697

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.8
per 100K · nat avg 6.3
Firearm Fatalities
12.1
per 100K · nat avg 14.8
Injury Deaths
81.0
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
50.0
Good
Good Air Days
50%
546 of 1,095 days
Unhealthy+ Days (3yr)
4
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
49
2022
49
2023
52
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$3,328M
TOTAL
PROJECT AMOUNT STATUS
Dania Beach 7 Natural Gas Power Plant
Florida Power & Light Co.
$1,448M Operating
Port Everglades Natural Gas Power Plant (Unit 5)
Florida Power & Light Co.
$1,250M Operating
Volico Data Center FLL1 - Broward Data Center
Volico Data Center
$480M Operating
Broward County Solar Installations (Multiple Projects)
Broward County / Advanced Roofing, Inc.
$50M Operating/Under Construction
Convention Center Expansion and Headquarters Hotel
Broward County
$50M Under Construction
The Residences at Shell Bay (Hallandale Beach)
Related Group and Dezer Development
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +2.5% 46 percentile
Population Growth +0.3% 43 percentile
Income Growth +9.0% 64 percentile
Vacancy Rate 1.4% 24 percentile
Home Price Change -5.5% 2 percentile
Rent Growth +0.8% 17 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Broward County, FL a good place to move to?

The data is not encouraging — Broward County scores just 11/100 on the Boom Town Index, ranking #878 of 996 counties. Job growth at +1.0% and median household income of $70,331 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Broward County affordable?

Broward County leans toward the expensive side. A median home value of $348,600 against an income-to-home-value ratio of 0.20 means housing eats a bigger share of local earnings than the national norm. Renters face $1,683/month on average.

Is Broward County growing or shrinking?

Population and employment in Broward County are both close to flat — population +0.3% YoY and jobs +1.0%. Home values shifted -5.5% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Broward County?

There's a moderate stream of newcomers. About 2.33% of residents moved from another state, which is above average and suggests Broward County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

Is the housing market declining in Broward County?

Home values fell -5.5% over the past year in Broward County, bringing the median down to $348,600. A drop of that magnitude usually reflects weakening demand or population outflow — worth watching if you're considering buying here.

[10] Similar Counties by Size & Score

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