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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.



Sunrise, 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 Q4 2023. 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

Sunrise, FL Housing Market Trends

With a population of 96,306, 37,078 total housing units (homes and apartments), and a median house value of $449,011, Sunrise real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Sunrise, accounting for 43.92% of the city's housing units. Other types of housing that are prevalent in Sunrise include single-family detached homes ( 38.93%), row houses and other attached homes ( 11.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.96%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

Dwellings in Sunrise tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 54.36% of the homes in Sunrise have two or fewer bedrooms.

There is a lot of housing in Sunrise built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sunrise built between 2000 and later ( 11.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.43%).

Vacant housing appears to be an issue in Sunrise. Fully 10.10% of the housing stock is classified as vacant. Left unchecked, vacant Sunrise homes and apartments can be a drag on the real estate market, holding Sunrise real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sunrise Home Appreciation Rates

In the last 10 years, Sunrise has experienced some of the highest home appreciation rates of any community in the nation. Sunrise real estate appreciated 169.35% over the last ten years, which is an average annual home appreciation rate of 10.42%, putting Sunrise in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sunrise definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Sunrise that despite a nationwide downturn in the housing market, Sunrise real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sunrise appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 79.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sunrise. Sunrise appreciation rates in the latest quarter were at 1.92%, which equates to an annual appreciation rate of 7.90%.

Relative to Florida, our data show that Sunrise's latest annual appreciation rate is higher than 80% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sunrise differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sunrise - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sunrise real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$449,011

Sunrise, FL Home Prices
> $1,445,000
$1,084,001 - $1,445,000
$722,001 - $1,084,000
$578,001 - $722,000
$433,001 - $578,000
$289,001 - $433,000
$144,001 - $289,000
$72,001 - $144,000
$0 - $72,000
0.2%
0.2%
0.3%
0.3%
6.2%
6.2%
18.6%
18.6%
26.9%
26.9%
22.4%
22.4%
12.6%
12.6%
9.7%
9.7%
3.2%
3.2%
0% 100.0%
% of Homes
High

for Florida

High

for nation

Number of Homes And Apartments:

37,078

Sunrise Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,804 / per month

Homeownership Rate

Owners
Renters
68.9%
68.9%
31.1%
31.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
10.1%
10.1%
89.9%
89.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.2%
11.2%
79.0%
79.0%
9.4%
9.4%
0.4%
0.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
38.9%
38.9%
11.9%
11.9%
5.0%
5.0%
43.9%
43.9%
0.3%
0.3%
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
2.9%
2.9%
11.2%
11.2%
40.2%
40.2%
36.0%
36.0%
8.7%
8.7%
0.9%
0.9%
0% 100.0%
% of Homes