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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Parkland, FL Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Parkland, FL Housing Market Trends

With a population of 36,895, 10,408 total housing units (homes and apartments), and a median house value of $1,392,719, Parkland house prices are not only among the most expensive in Florida, Parkland real estate also is some of the most expensive in all of America.

Parkland is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Parkland than is found in 98% of the communities in America.

The large homes that make up Parkland are primarily owner-occupied ( 86.20%).

Parkland homes and real estate are some of the newest in America. 64.59% of Parkland's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Parkland real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 33.89%), and between 1940-1969 ( 1.53%).

Parkland Home Appreciation Rates

Appreciation rates for homes in Parkland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 110.09%, which ranks in the top 30% nationwide. This equates to an annual average Parkland house appreciation rate of 7.71%.

Appreciation rates are so strong in Parkland that despite a nationwide downturn in the housing market, Parkland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Parkland appreciation rates continue to be some of the highest in America, at 10.30%, which is higher than appreciation rates in 88.64% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Parkland. Parkland appreciation rates in the latest quarter were at 3.44%, which equates to an annual appreciation rate of 14.50%.

Importantly, this makes Parkland one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Florida, our data show that Parkland's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

Average Home Values

Median Home Value

$1,392,719

Parkland, FL Home Prices
> $1,542,000
$1,157,001 - $1,542,000
$772,001 - $1,157,000
$617,001 - $772,000
$463,001 - $617,000
$308,001 - $463,000
$154,001 - $308,000
$77,001 - $154,000
$0 - $77,000
22.9%
22.9%
29.7%
29.7%
28.0%
28.0%
12.9%
12.9%
3.7%
3.7%
0.9%
0.9%
0.0%
0.0%
0.9%
0.9%
1.0%
1.0%
0% 100.0%
% of Homes
Very High

for Florida

Very High

for nation

Number of Homes And Apartments:

10,408

Parkland Appreciation Rates

Rent & Ownership

Average Market Rent:

$6,828 / per month

Homeownership Rate

Owners
Renters
86.2%
86.2%
13.8%
13.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.5%
5.5%
94.5%
94.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
64.6%
64.6%
33.9%
33.9%
1.5%
1.5%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
84.3%
84.3%
6.6%
6.6%
2.4%
2.4%
6.6%
6.6%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.4%
0.4%
4.5%
4.5%
3.9%
3.9%
21.5%
21.5%
40.3%
40.3%
29.4%
29.4%
0% 100.0%
% of Homes