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Nicknamed the Venice of America, it is hard to imagine Fort Lauderdale as affordable. After all, the median home sale price in the city is $533,500, and the average rent is $2,799, which is hardly a walk in the park. Nonetheless, this stunning town holds many surprises, including several affordable neighborhoods where you can enjoy the stunning beaches and modern amenities without breaking the bank. If you are considering buying a home in Fort Lauderdale on a budget, look at these six communities.
Sunrise
Median Home Sale Price: $330,000
Average Rent: $2,562
The Fort Lauderdale Beach Homes for Sale in Sunrise sell for a median price of $330,000 – about $70,000 less than the national average and $200,000 more than the national average. This suburb, which houses 97,300 residents, is also home to many attractions, including Amerant Bank Arena Markham Park and the Dauer Museum of Classic Cars.
Tamarac
Median Home Sale Price: $315,000
Average Rent: $2,066
Home to just over 70,000 residents, Tamarac is a stunning suburb with most of the conveniences of Fort Lauderdale’s premier communities minus the financial hassle. Residents enjoy attractions like Waters Edge Park, Caporella Park, several stores, restaurants, and easy commutes at the median home sale price of $315,000.
Coconut Creek
Median Home Sale Price: $275,000
Average Rent: $2,516
The median home sale price in Coconut Creek is slightly above half of the national average, making it a highly affordable community. The area is home to about 57,800 people who enjoy the great outdoor opportunities Coconut Creek offers. Peak places to explore include Butterfly World, the world’s largest butterfly park, and Fern Forest Nature Center.
Margate
Median Home Sale Price: $253,000
Average Rent: $2,158
Margate is a true suburb located 15 miles from the city center and all the bustle of town. Residents enjoy access to endless outdoor recreation, including Veterans Memorial Park and Oriole Golf Club. As a very family-focused community, Margate also embodies a true welcoming spirit. Residents support local businesses and attend community events and festivals.
Lauderhill
Median Home Sale Price: $175,000
Average Rent: $2,150
Located a mere 6 miles from the city center, Lauderhill is a quick drive from many amenities and attractions in Fort Lauderdale, including Fort Lauderdale Beach. The neighborhood is also home to Lauderhill Mall, the Lauderhill Performing Arts Center, which hosts community events and performances, several walking trails, and a stadium – all for $175,000.
Lauderdale Lakes
Median Home Sale Price: $127,500
Lauderdale Lakes is one of the neighborhoods where the cost of living in Fort Lauderdale is lowest. The median home price in the suburb is $127,500, less than half the national average. The community is located 9 miles from the city center, which means you are never far away from the action. If you like to explore, you will also enjoy that Vincent Torres Memorial Park is located in Lauderdale Lakes.
Explore More Fort Lauderdale Neighborhoods with Devon Miller
The breathtaking scenery, outdoor attractions, thriving economy, stunning homes and many things to do in Fort Lauderdale make this a great place to live. But they also make it expensive. If you would like to explore these and other cheaper options, contact Fort Lauderdale Beach expert Devon Miller today.
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