Fort Lauderdale, Fla.
Fort Lauderdale, Fla.
Average home price (2011): $200,500
Projected home price (2014): $189,200
Gross rent (2011): $1,090
Projected gross rent (2014): $1,195

Even though home prices in this pricey part of Florida are expected to fall further, rental rates are going strong.

Rents in Fort Lauderdale average nearly $1,100 a month and are projected to increase by nearly 10% over the next three years, according to Local Market Monitor.

Like much of the state, Fort Lauderdale was severely overbuilt during the housing boom and the inventory overhang has depressed markets for years. That inventory will have to be worked through before the market will turn positive again.

Until then, real estate investors may want to rely on the expected 2.3% premium over the national average return for rental properties.

Last updated July 12 2011: 10:25 AM ET
Join the Conversation
Find Homes for sale
  • Property Type
  • Find a home in:
    New York | Atlanta | Chicago | Los Angeles
    Washington D.C | Houston | Philadelphia | More options
Most Popular

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.