Lauderdale-by-the-Sea, FL Real Estate Market
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 Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
Lauderdale-by-the-Sea, FL Housing Market Trends
With 6,124 people, 3,243 houses or apartments, and a median cost of homes of $1,179,765, Lauderdale-by-the-Sea house prices are not only among the most expensive in Florida, Lauderdale-by-the-Sea real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Lauderdale-by-the-Sea, accounting for 71.95% of the town's housing units. Other types of housing that are prevalent in Lauderdale-by-the-Sea include single-family detached homes ( 16.26%), duplexes, homes converted to apartments or other small apartment buildings ( 6.30%), and a few row houses and other attached homes ( 5.21%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
Dwellings in Lauderdale-by-the-Sea tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 73.57% of the homes in Lauderdale-by-the-Sea have two or fewer bedrooms.
There is a lot of housing in Lauderdale-by-the-Sea 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-by-the-Sea built between 1940-1969 ( 43.83%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.50%).
A decent proportion of the Lauderdale-by-the-Sea housing stock is seasonally occupied. That is, homes and condos in Lauderdale-by-the-Sea are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lauderdale-by-the-Sea housing market speaks to its popularity as a vacation location of choice.
Lauderdale-by-the-Sea Home Appreciation Rates
In the last 10 years, Lauderdale-by-the-Sea has experienced some of the highest home appreciation rates of any community in the nation. Lauderdale-by-the-Sea real estate appreciated 150.66% over the last ten years, which is an average annual home appreciation rate of 9.62%, putting Lauderdale-by-the-Sea in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lauderdale-by-the-Sea definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Lauderdale-by-the-Sea that despite a nationwide downturn in the housing market, Lauderdale-by-the-Sea real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lauderdale-by-the-Sea appreciation rates continue to be some of the highest in America, at 11.70%, which is higher than appreciation rates in 92.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lauderdale-by-the-Sea. Lauderdale-by-the-Sea appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.
Importantly, this makes Lauderdale-by-the-Sea one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Florida, our data show that Lauderdale-by-the-Sea's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.
Median Home Value
$1,179,765
Very High
for Florida
Very High
for nation
Number of Homes And Apartments:
3,243
FL
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$3,420 / per month