Real Estate Investing in Fort Lauderdale, Florida (33304)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 33304 (Fort Lauderdale, FL)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 23.8% of homes vacant — above national norms.
What’s happening in Fort Lauderdale, FL (33304)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 33304 Fort Lauderdale
ZIP 33304 inside Broward County looks affordable on the surface — median value of $597K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 33304 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 33304's metrics run below Broward County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 33304 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 33304 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Fort Lauderdale:
Property Strategy for 33304
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $265,483 | $2,100 | 5.7% | +4.2% | $265,483 |
| 2BR | $523,277 | $2,580 | 3.5% | +6.0% | $261,639 |
| 3BR | $952,559 | $3,560 | 2.7% | +7.8% | $317,520 |
| 4BR | $1,423,479 | $4,210 | 2.1% | +9.6% | $355,870 |
| 5BR | $3,650,572 | — | — | +10.3% | $730,114 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 33304 Compare?
| Metric | 33304 | Fort Lauderdale | Miami-Fort Lauderdale-Pompano Beach, FL | Florida |
|---|---|---|---|---|
| Home Value | $596,889 | $145,543 | N/A | $374,697 |
| 5-Year CAGR | 4.7% | 5.2% | N/A | 7.4% |
| Avg Rent | $2,540 | $2,603 | N/A | - |
| Cap Rate | 3.3% | 3.5% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 33304 (Fort Lauderdale, FL). Anonymous, moderated, never written by AI.
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Property managers serving Broward County
Manage rentals here? List your business →Maxima Property Management Inc. offers property management, real estate brokerage, second home management, and vacation rental management services in South Florida, including Pompano Beach, Fort Laude summary from their website
State Street Property Management offers property management services for owners, tenants, and associations. summary from their website
West Broward Community Management provides customized community association management services in Plantation, FL, including accounting, inspections, and handling owner/tenant requests. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $596,889 |
| Monthly Rent | $2,540 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.0% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | -1.5% ▼ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +4.0% ▲ |
| 3-Year CAGR | +2.4% ▲ |
| 5-Year CAGR | +5.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 33304
Population: 18,566
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 33304
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
WILTON MANORS ELEMENTARY SCHOOL
CHARTER SCHOOL OF EXCELLENCE
HARBORDALE ELEMENTARY SCHOOL
VIRGINIA SHUMAN YOUNG ELEMENTARY SCHOOL
FORT LAUDERDALE HIGH SCHOOL
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 8,712 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Fort Lauderdale in FL worth investing in?
The 3.0/5 investability rating in Fort Lauderdale, FL reflects its $597K prices and $2,540/mo rents. Investors generally consider it a solid option within FL.
Are rents high in Fort Lauderdale, FL?
The typical rental in Fort Lauderdale, FL commands about $2,540/mo monthly. That rent profile stable cash flow against the $597K purchase basis.
What is the renter demographic in Fort Lauderdale, FL?
The tenant pool in Fort Lauderdale, FL is solid, supported by local employment and population fundamentals. Rents of $2,540/mo are well-absorbed by the market.
What are vacancy rates like in Fort Lauderdale, FL?
Rental vacancy in Fort Lauderdale, FL is elevated. Investors should budget normal turnover but not chronic empty units.
Where do home prices stand in Fort Lauderdale, FL?
In Fort Lauderdale, FL the median home value sits at $597K. Against the broader FL market, that reads as reasonable for most investors.
You know 33304 now. You don’t know where it ranks.
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How 33304 ranks in Miami-Fort Lauderdale-Pompano Beach, FL
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