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Broward County, FL

RANK #912 / 996  ·  POP 1,940,907  ·  FL

PROJECTED GROWTH: -1.8%

Broward County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Broward County?

Broward County, Florida, is known for its extensive canal system in Fort Lauderdale, earning it the nickname "Venice of America." Located on Florida's southeast coast, just north of Miami, the county offers a blend of urban and suburban environments. Commuting options include Tri-Rail, Brightline, Broward County Transit buses, and community shuttles, connecting residents within the county and to neighboring Miami-Dade and Palm Beach counties. The community offers year-round outdoor recreation due to its climate, with access to 24 miles of sandy beaches, numerous parks, and nature centers like Anne Kolb Nature Center and Everglades Holiday Park, where visitors can experience airboat rides and wildlife viewing.

Life in Broward County attracts a diverse population, including families, professionals, and retirees. The public school system, Broward County Public Schools, is one of the largest in the nation. The economy is driven by tourism, trade, and sectors like healthcare and technology, with Fort Lauderdale leading in yachting and boating. Recent economic developments show continued investment in infrastructure, including expansions at the Fort Lauderdale-Hollywood International Airport and Port Everglades, and a focus on attracting international trade and tourism.

[02] Market Snapshot

Housing Ratio
5.0x

Above national median (4.7x)

GDP Growth
+2.5%

Below national median

Home Prices
-5.5%

Prices declining

Climate & Terrain
5.0

Favorable climate & terrain

Price/Rent
12x

Strong rental yield

Housing is fairly valued at 5.0x relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Broward County U.S. National

The Numbers

DEMOGRAPHICS
Population
1,940,907
+0.33% YoY
Median Household Income
$70,331
Median Home Value
$348,600
-5.47% 12mo
Median Rent
$1,683
Average Annual Pay
$71,492
+3.2% YoY
Employment
864,520
+1.0% YoY
Income-to-Home-Value
0.2018
Near national average
Migration Inflow
2.33%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$455,000
Days on Market
100
Slower market
Months of Supply
16.1
Buyer's market
Sale-to-List Ratio
95.3%
Negotiation room for buyers
Sold Above List
7.4%
Listings w/ Price Drops
21.6%
Building Permits (2024)
1,655
Single-Family Permits
697

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$3,328M
TOTAL
PROJECT AMOUNT STATUS
Dania Beach 7 Natural Gas Power Plant
Florida Power & Light Co.
$1,448M Operating
Port Everglades Natural Gas Power Plant (Unit 5)
Florida Power & Light Co.
$1,250M Operating
Volico Data Center FLL1 - Broward Data Center
Volico Data Center
$480M Operating
Broward County Solar Installations (Multiple Projects)
Broward County / Advanced Roofing, Inc.
$50M Operating/Under Construction
Convention Center Expansion and Headquarters Hotel
Broward County
$50M Under Construction
The Residences at Shell Bay (Hallandale Beach)
Related Group and Dezer Development
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +2.5% 46 percentile
Population Growth +0.3% 43 percentile
Income Growth +9.0% 64 percentile
Vacancy Rate 1.4% 24 percentile
Home Price Change -5.5% 2 percentile
Rent Growth +0.8% 17 percentile
Price/Rent 12x 70 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Broward County, FL a good place to move to?

Broward County has a Boom Town Index score of 8/100, ranking #912 among 996 U.S. counties. With job growth at +1.0% and a median household income of $70,331, it faces some economic headwinds compared to faster-growing counties.

Is Broward County affordable?

The median home value in Broward County is $348,600 with median rent at $1,683/month. The income-to-home-value ratio is 0.2018, which is less affordable than the national average.

Is Broward County growing or shrinking?

Population growth: +0.3% year-over-year. Job growth: +1.0%. Home values changed -5.5% in the past 12 months.

Are people moving to Broward County?

Yes — 2.33% of Broward County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Escambia County, FL 18 Monterey County, CA 18 Arlington County, VA 18 Clallam County, WA 18 Mohave County, AZ 18 Cherokee County, GA 18 Baltimore city, MD 18 Henderson County, NC 18