The city of Fort Lauderdale, located in Broward County, has a recorded population of around 173,000, as well as population density of around 4, 800 per square mile in an area that totals 36 square miles.
English is the predominant language in the city, followed by Spanish, French Creole, French and Portuguese. The city's real estate has doubled in value in recent years, with the median home value closing at $400,000, and the median home age is 38 years.
This city is famous for being considered the 'Venice of America', with the Atlantic Ocean and an elaborate network of canals, waterways, and even lakes creating a truly unique environment, especially for all types of water enthusiasts. For prospective home buyers here, the metropolis offers an assortment of home options, ranging from single-family homes, condos and loft types, as there are also plenty of waterfront properties for you to choose from.
The City's Economy Is Tourism-Dependent
Fort Lauderdale has an economy that is seen to be dependent mostly on tourism. Before, the city initially a favorite vacation spot for college students in spring break, although through the years it has turned out to be more than simple being a destination for college kids, but has also become a favorite haunt of the rich and affluent.
The city is also a significant yachting center, with the boating industry naturally thriving here, and contributing a lot to the area’s market. With tourism as most vital economic driving force, the real estate sector here has grown significantly too. The opening of several hotels, resorts, residential projects and condos has been noted, primarily to cope with the rising demand for permanent residences, as well as seasonal vacation shelters.
Waterfront Properties Are Aplenty Here
When it comes to residential real estate, Fort Lauderdale has single-family homes, apartments, condominiums and homes that have dockspaces, and those who are avid boat lovers will revel in the thought that most homes here have docking facilities. The area’s hotels, resorts, and motels also have facilities for dockage of boats, as these make a lot of commercial sense here, considering the unique makeup of the city. However, getting homes with the However, homes with these types of facilities have prices that are quite high compared to ordinary homes.
Condos Are Popular Home Choices Here Too
When someone says Ft. Lauderdale and south Florida, probably one of the first images that conjure in most minds would be the large number of condominiums that dot the landscape.
Condo complexes are truly common, and are popular with people who prefer a low-maintenance and low-upkeep alternative to traditional single-family home arrangement, and especially to those who seek a part-time winter retreat. Most condo complexes in this city from 2-floor buildings, along with the sprinkling of a handful of high-rise developments that have hundreds of residences.
At present, the city's downtown district, as well as the entertainment districts, have seen robust growth. The growth is evident in the many new hotels, high rise condominiums, boutiques, cafes, offices, malls and fine restaurants that have sprouted all over the city. Most homes in this metropolis have starting prices ranging from $300,000 and may go into the millions of dollars.