Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 6,154, 3,419 total housing units (homes and apartments), and a median house value of $887,315, Lauderdale-by-the-Sea house prices are not only among the most expensive in Florida, Lauderdale-by-the-Sea real estate also is some of the most expensive in all of America.
Large apartment complexes or high rise apartments are the single most common housing type in Lauderdale-by-the-Sea, accounting for 73.83% of the town's housing units. Other types of housing that are prevalent in Lauderdale-by-the-Sea include single-family detached homes ( 15.03%), duplexes, homes converted to apartments or other small apartment buildings ( 6.37%), and a few row houses and other attached homes ( 4.44%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
Dwellings in Lauderdale-by-the-Sea tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 73.00% of the homes in Lauderdale-by-the-Sea have two or fewer bedrooms.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Lauderdale-by-the-Sea's housing was primarily built during this period, from the '40s through the '60s. A full 45.99% of the town's housing hails from this era. Other housing ages represented in Lauderdale-by-the-Sea include homes built between 1970-1999 ( 44.13%) and housing constructed between 2000 and later ( 9.71%).
A decent proportion of the Lauderdale-by-the-Sea housing stock is seasonally occupied. That is, homes and condos in Lauderdale-by-the-Sea are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Lauderdale-by-the-Sea housing market speaks to its popularity as a vacation location of choice.
Appreciation rates for homes in Lauderdale-by-the-Sea have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 106.34%, which ranks in the top 30% nationwide. This equates to an annual average Lauderdale-by-the-Sea house appreciation rate of 7.51%.
Over the last year, Lauderdale-by-the-Sea appreciation rates have trailed the rest of the nation. In the last twelve months, Lauderdale-by-the-Sea's appreciation rate has been -1.71%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lauderdale-by-the-Sea were at -0.39%, which equates to an annual appreciation rate of -1.56%.
Notably, Lauderdale-by-the-Sea's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Lauderdale-by-the-Sea's latest annual appreciation rate is lower than 80% of the other cities and towns in Florida.
$887,315
for Florida
for nation
3,419
$3,051 / per month