Plantation Home Prices: $468K, Down 4.9% — 3 ZIPs Analyzed (2026)

$468K. That’s what a typical home costs in Plantation right now — and it’s getting cheaper by the month.

The median home value in Plantation, FL sits at $467,908 as of February 2026, down 4.9% from a year ago. After peaking above $556K in early 2025, prices have fallen steadily for 12 consecutive months. For buyers who sat out the pandemic-era run-up, this is the most affordable Plantation has been since mid-2024.

Quick answer: The average home price in Plantation, FL is $467,908 as of February 2026, down 4.9% year over year according to Zillow.

Current Home Prices in Plantation

Here’s a snapshot of where the Plantation housing market stands right now:

The 4.9% annual decline translates to roughly $24,000 in lost equity for the typical homeowner. That stings if you bought at the peak, but it opens doors if you’re shopping now.

The spread between the cheapest and most expensive ZIP codes is $172,257. That’s a wide gap for a city of just over 100,000 people. Where you buy in Plantation matters almost as much as when you buy.

Prices have dropped in a straight line since March 2025, when the city-wide average was $492,069. That’s a $24,161 decline over 12 months — roughly $2,000 per month of lost value.

Plantation Home Prices by Neighborhood

All three tracked ZIP codes in Plantation show meaningful price differences:

Most Expensive

33317 tops the list at $531,294 — about $63,000 above the city median. Rents here are also the highest at $2,599 per month, suggesting strong demand from both buyers and renters.

33323 follows closely at $513,392, with rents nearly identical to 33317 at $2,592. The $18K price gap between these two ZIPs is small enough that local factors like school zones or lot sizes likely drive the difference.

Most Affordable

33324 is the clear budget option at $359,037 — a full 23% below the city-wide median. Rents are also the lowest at $2,482, though the gap is much narrower. You save $172K on the purchase price but only $117 per month in rent. That pricing mismatch makes 33324 arguably the best value for renters, while buyers get the biggest discount.

Rent vs Buy in Plantation

The average rent across Plantation’s three ZIP codes is approximately $2,557 per month.

Here’s how that compares to buying:

Mortgage estimate assumes 20% down on $467,908 at 7% over 30 years.

Renting saves you roughly $523 per month compared to owning. That’s $6,276 per year staying in your pocket — before accounting for maintenance, HOA fees, or the opportunity cost of a $93,582 down payment.

With prices still falling, renters also avoid the risk of buying into a declining market. A buyer who purchased at the March 2025 peak would be down about $24,000 in home value already.

The math favors renting right now. Unless you plan to hold for 5+ years and believe the decline is temporary, the numbers don’t support rushing into a purchase.

Population Growth and Migration

Plantation crossed a milestone recently. The city’s population hit 100,694 in 2024 — the first time it topped 100,000 residents.

That’s 9.3% growth over four years. The biggest single-year jump came between 2021 and 2022, when the city added 3,750 people — likely a spillover effect of South Florida’s pandemic migration boom.

How does Plantation compare to other Florida cities?

Plantation is growing faster than Orlando and Tampa but slower than the explosive sprawl markets like Port St. Lucie and Cape Coral. The 9.3% growth rate puts upward pressure on housing demand, which makes the current price decline even more notable. People are moving in, yet prices are falling — a sign that supply has finally caught up.

Plantation Housing Market Trends

Here’s how the median home value has moved month by month:

The pattern is clear: prices are falling, but the rate of decline is slowing sharply.

Between March and July 2025, the city was losing nearly $4,000 per month in median value. By the fall, that slowed to about $1,200 per month. And in early 2026, the decline has nearly flatlined — February’s drop was just $84.

That deceleration matters. The market isn’t crashing. It’s cooling, and it may be approaching a floor.

Is Plantation a Good Place to Buy in 2026?

The data paints a mixed picture.

On the buyer-friendly side: prices have dropped 4.9% over the past year, and there’s no sign of a rebound yet. You have negotiating power. Sellers who listed at 2025 prices are facing reality.

On the cautious side: the decline is slowing, which means the window of maximum discount may be closing. And renting is still cheaper month-to-month, so there’s no penalty for waiting.

Population growth of 9.3% since 2020 tells you demand isn’t disappearing. Plantation is in the Miami-Fort Lauderdale metro — one of the most in-demand markets in the country. The current dip looks like a correction from pandemic-era overheating, not a collapse.

If you’re buying to live in for 5+ years, the current pricing looks reasonable. If you’re speculating on short-term appreciation, the trend doesn’t support that bet yet.

Plantation Housing Market Outlook for 2026-2027

The 3-month trend suggests prices are close to stabilizing. The monthly decline shrank from $1,319 in December to just $84 in February. If that pace continues, Plantation could hit a price floor somewhere around $465,000–$467,000 by mid-2026.

A full rebound is unlikely in the near term. The market spent 12 straight months declining, and reversals don’t happen overnight. But the rapid deceleration signals that sellers and buyers are finding agreement on current price levels.

The wildcard is mortgage rates. If rates drop below 6.5%, buyer demand could snap back quickly in a market where population is still growing 2% per year. If rates stay above 7%, expect sideways movement through the rest of 2026 and into 2027.

Similar Markets in FL

If you’re exploring options beyond Plantation, these Florida cities offer useful comparisons:

• Pembroke Pines — Plantation’s immediate neighbor to the south, with a similar suburban profile in Broward County.
• Miramar — Another Broward suburb worth comparing for families weighing the western suburbs corridor.
• Fort Lauderdale — The closest major city and Plantation’s coastal counterpart.
• Miami — The metro anchor. Buyers priced out of Miami often look at Plantation.
• Tampa — A cross-state alternative that draws some of the same remote-worker migration.

Frequently Asked Questions

What is the average home price in Plantation?

The average home price in Plantation is $467,908 as of February 2026. Across the city’s three tracked ZIP codes, values range from $359,037 in the 33324 area to $531,294 in 33317.

Are home prices going up or down in Plantation?

Prices are going down. The median fell 4.9% year over year, and values have declined every single month since March 2025. However, the rate of decline has slowed significantly — from nearly $4,000 per month last summer to under $100 per month in February 2026.

Is it cheaper to rent or buy in Plantation?

Renting is cheaper right now. The average monthly rent is about $2,557, while the estimated total cost of owning a median-priced home runs around $3,080 per month. That’s a $523 monthly savings for renters, or about $6,300 per year.

What is the most affordable neighborhood in Plantation?

ZIP code 33324 is the most affordable at $359,037 — roughly 23% below the city median. Rent there is also the lowest at $2,482 per month, making it the best value on both sides of the rent-vs-buy equation.

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.