Home Values

Broward County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$185,100

  • 11.4% 1-year change
  • 1.0% 1-year forecast

The median home value in Broward County is $185,100. Broward County home values have gone up 11.4% over the past year and Zillow predicts they will rise 1.0% within the next year. The median list price per square foot in Broward County is $146, which is lower than the Miami-Fort Lauderdale Metro average of $161. The median price of homes currently listed in Broward County is $211,900 while the median price of homes that sold is $196,465. The median rent price in Broward County is $1,650, which is lower than the Miami-Fort Lauderdale Metro median of $1,800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Broward County is 16.8%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Broward County homeowners underwater on their mortgage is 20.7%, which is lower than Miami-Fort Lauderdale Metro at 21.9%.

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Relative ZHVI
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Broward County Market Overview

Data through Oct 31, 2014
  • $185,100 ZHVI
  • 1.0% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Oct 31, 2015)
  • $211,900 Median listing price
  • $196,465 Median sale price
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Broward County Market Health

Data through Oct 31, 2014
  • 3.8/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • 103 Average days on Zillow (Sep 30, 2014)
  • 20.7% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 16.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)
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Cities in Broward County

Name Median ZHVI
Southwest Ranches $579,000
Weston $387,300
Cooper City $322,500
Name Median ZHVI
Plantation $255,500
Davie $249,400
Pembroke Pines $233,400
Name Median ZHVI
Miramar $210,300
Sunrise $152,900
Tamarac $125,600

Listings & Sales

Data through Oct 31, 2014
  • $146 Median list price / sq ft
  • $139 Median sale price / sq ft
  • 32.5% Listings with price cut
21.1%
Sold below listing
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Broward County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,679 Broward County
    $1,776 Miami-Fort Lauderdale Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.1 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,650 Rent list price
  • $1.27 Rent list price / sq ft
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