Fort Lauderdale Home Prices: $586K, Down 4.4% — 9 ZIPs Analyzed (2026)
$586,069. That’s what a typical home costs in Fort Lauderdale right now — and it’s less than what buyers were paying a year ago. Prices have dropped 4.4% year over year, marking a sustained pullback from the highs reached in early 2025.
Quick answer: The average home price in Fort Lauderdale, FL is $586,069 as of February 2026, down 4.4% year over year according to Zillow.
Current Home Prices in Fort Lauderdale
The Fort Lauderdale housing market has been sliding since spring 2025. After peaking near $613,000 in March of that year, values have dropped roughly $27,000 over 12 months. That works out to a loss of about $2,300 per month in home equity for the typical owner.
| Metric | Value |
|---|---|
| Median Home Price | $586,069 |
| Year-over-Year Change | -4.4% |
| Lowest ZIP Median | $359,070 |
| Highest ZIP Median | $862,804 |
| ZIP Codes Tracked | 9 |
| Data as of | February 2026 |
The gap between the cheapest and most expensive neighborhoods is wide — over $500,000 separates the bottom from the top. That spread tells you Fort Lauderdale is not one market. It’s several, stacked on top of each other.
For buyers, the 4.4% annual decline means a home that cost $613,000 last March would sell for about $27,000 less today. That’s real money back in your pocket. For sellers, it means pricing at 2024 levels won’t work anymore.
Fort Lauderdale Home Prices by Neighborhood
Prices vary sharply across Fort Lauderdale’s nine tracked ZIP codes. The most expensive area costs nearly 2.4 times as much as the least expensive.
| ZIP Code | Median Home Value | Median Rent |
|---|---|---|
| 33301 | $862,804 | $3,086/mo |
| 33316 | $706,537 | $2,910/mo |
| 33305 | $667,129 | $2,495/mo |
| 33304 | $586,940 | $2,522/mo |
| 33306 | $574,436 | $2,309/mo |
| 33315 | $531,580 | $2,579/mo |
| 33308 | $514,955 | $2,539/mo |
| 33312 | $471,172 | $2,713/mo |
| 33311 | $359,070 | $2,289/mo |
Most Expensive Areas
33301 leads the city at $862,804 — nearly 47% above the city median — with rents to match at $3,086/month. 33316 comes in second at $706,537, carrying the second-highest rent at $2,910/month. 33305 rounds out the top three at $667,129, though rents there are notably lower at $2,495/month, suggesting better value for renters relative to home prices.
Most Affordable Areas
33311 is Fort Lauderdale’s entry point at $359,070, roughly 39% below the city median, with the lowest rents in the city at $2,289/month. 33312 follows at $471,172, though its rents are surprisingly high at $2,713/month — higher than several more expensive ZIP codes. 33308 offers homes at $514,955 with moderate rents of $2,539/month.
Rent vs Buy in Fort Lauderdale
The average rent across Fort Lauderdale’s nine ZIP codes runs about $2,605 per month.
Buying is more expensive on a monthly basis. A 20% down payment on the median home ($586,069) means putting down $117,214 and financing $468,855. At a 7% mortgage rate, your principal and interest payment alone would be roughly $3,120/month. Add property taxes, insurance, and HOA fees — common in South Florida — and you’re looking at $3,800 to $4,200/month in total housing costs.
| Renting | Buying | |
|---|---|---|
| Monthly Cost | ~$2,605 | ~$3,120+ (P&I only) |
| Upfront Cost | Security deposit | ~$117,214 (20% down) |
| Building Equity | No | Yes |
| Price Risk | None | Prices currently falling |
The math favors renting in the short term, especially while prices are declining. You’d pay $500 to $1,500 less per month renting, and you avoid the risk of buying into a falling market. But renting builds zero equity. If you plan to stay five-plus years and can handle the higher monthly cost, buying locks in your housing expense while rents keep rising.
One quirk in the data: ZIP 33312 has a median home value of $471,172 but rent of $2,713/month — higher than areas with $530K+ homes. If you’re renting there, the buy-vs-rent equation tilts more toward buying.
Population Growth and Migration
Fort Lauderdale had 190,641 residents in 2024, up 4.3% from 182,765 in 2020. The city dipped slightly in 2021 before rebounding.
| Year | Population |
|---|---|
| 2020 | 182,765 |
| 2021 | 181,892 |
| 2022 | 184,787 |
| 2023 | 187,872 |
| 2024 | 190,641 |
That 4.3% growth is modest compared to other Florida cities.
| City | 2024 Population | Growth (2020-2024) |
|---|---|---|
| Port St. Lucie | 258,575 | 25.0% |
| Cape Coral | 233,025 | 19.2% |
| Miami | 487,014 | 10.0% |
| Orlando | 334,854 | 8.8% |
| Tampa | 414,547 | 6.7% |
| Fort Lauderdale | 190,641 | 4.3% |
Port St. Lucie and Cape Coral are growing five to six times faster. Fort Lauderdale’s slower growth may reflect its higher prices acting as a filter — people are moving to Florida, but many choose cheaper metros. Still, the city is gaining about 2,000 residents per year, which adds steady baseline demand for housing.
Fort Lauderdale Housing Market Trends
Prices peaked in March 2025 at $613,254 and have fallen every month since. The decline has been gradual — no sharp drops, but no reversals either.
| Month | Median Home Value | Change from Peak |
|---|---|---|
| March 2025 | $613,254 | — |
| April 2025 | $609,999 | -$3,255 |
| May 2025 | $605,788 | -$7,466 |
| June 2025 | $600,932 | -$12,322 |
| July 2025 | $595,569 | -$17,685 |
| August 2025 | $590,759 | -$22,495 |
| September 2025 | $587,664 | -$25,590 |
| October 2025 | $586,094 | -$27,160 |
| November 2025 | $585,231 | -$28,023 |
| December 2025 | $584,365 | -$28,889 |
| January 2026 | $584,821 | -$28,433 |
| February 2026 | $586,069 | -$27,185 |
The pace of decline has slowed considerably. From March to August 2025, prices fell about $22,500 in five months. From August 2025 to February 2026, they dropped only another $4,700 in six months. The last two months show a slight uptick — January and February both came in above December’s low of $584,365.
That flattening pattern suggests the market may be finding a floor near $585,000.
Is Fort Lauderdale a Good Place to Buy in 2026?
The data points to a buyer’s market. Prices are down 4.4% from last year, and sellers no longer hold the upper hand they had in 2024. That said, the decline is decelerating.
If you’ve been waiting for prices to drop, they have. The median home is $27,000 cheaper than it was a year ago. But “cheaper” is relative — $586,069 still prices out most buyers without substantial income or savings.
The rent-to-price ratio matters here. With rents averaging $2,605/month, the annual rent on a median-priced home works out to about 5.3% of the home’s value. That’s not bad for South Florida. In areas where that ratio drops below 5%, buying tends to make less financial sense.
For buyers with staying power, the recent flattening in prices and steady population growth argue for getting in before a potential rebound. For those on tight budgets, ZIP 33311 offers an entry below $360,000.
Fort Lauderdale Housing Market Outlook for 2026-2027
The 12-month trend shows a clear slowdown in price declines. The sharpest drops happened in mid-2025, and the last two months have ticked upward slightly. If the current pace continues, prices could stabilize in the $580,000-$590,000 range through mid-2026.
The three-month trend is essentially flat: $584,365 in December, $584,821 in January, $586,069 in February. That’s a $1,704 gain over three months — barely a rounding error on a $586K home, but it breaks the downward streak.
Don’t expect a sharp rebound. The conditions that drove the 2025 decline — high mortgage rates and elevated inventory across South Florida — haven’t disappeared. But the data suggests the worst of the correction is likely behind us.
Similar Markets in FL
If you’re considering Fort Lauderdale, these nearby Florida markets are worth comparing:
- Port Saint Lucie — Faster-growing than Fort Lauderdale with significantly lower prices
- Pembroke Pines — Just west of Fort Lauderdale in Broward County, a common alternative for families
- Miramar — Another Broward suburb that often undercuts Fort Lauderdale prices
- Miami — The metro anchor, typically more expensive but with wider inventory selection
- Tampa — Florida’s other major metro, growing at 6.7% and often cheaper than the Fort Lauderdale area
Frequently Asked Questions
What is the average home price in Fort Lauderdale?
The average home price in Fort Lauderdale is $586,069 as of February 2026. Prices range from $359,070 in ZIP code 33311 to $862,804 in ZIP code 33301, depending on the neighborhood.
Are home prices going up or down in Fort Lauderdale?
Prices are down 4.4% year over year. The median home value peaked at $613,254 in March 2025 and has fallen since, though the last two months show the decline leveling off with a slight uptick in January and February 2026.
Is it cheaper to rent or buy in Fort Lauderdale?
Renting is cheaper on a monthly basis. The average rent across Fort Lauderdale is about $2,605/month, while a mortgage payment on the median home runs $3,120/month or more before taxes and insurance. Buying only makes financial sense if you plan to stay long enough to build equity and offset the higher monthly costs.
What is the most affordable neighborhood in Fort Lauderdale?
ZIP code 33311 is the most affordable with a median home value of $359,070 — about 39% below the citywide median. Rents there are also the lowest at $2,289/month. ZIP code 33312 is the next most affordable at $471,172.
Methodology
Home values are based on the Zillow Home Value Index (ZHVI), a smoothed measure of typical home values in the 35th to 65th percentile range. Rent estimates use the Zillow Observed Rent Index (ZORI). Population figures come from the U.S. Census Bureau Population Estimates Program (2020-2024 vintage). All datasets are publicly available. Housing data updated 2026-02-28.