Hollywood, Florida Real Estate & Housing Market

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Hollywood Housing Information

Index	Hollywood	Florida	National
Median home price	$197,100	$166,800	$184,700
Median rent asked	$1,083	$1,032	$949
Avg. people per household	2.6	2.6	2.6
Owner occupied households	57.9%	64.8%	63.6%
Renter occupied households	42.1%	35.2%	36.4%

Above, you will see a summary of real estate in Hollywood, FL. On average, homes in Hollywood, FL cost $197,100, a value that is 18% higher than the average in Florida. In general terms, this results in Hollywood, FL real estate being less affordable than Florida real estate. On average, people who rent houses in Hollywood, FL pay $1,083; this value is 5% higher than the average amount renters pay in Florida. 57.9% of Hollywood, FL residents own their own homes and, on average, each of the homes has 2.6 occupants. Hollywood, FL real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Hollywood, FL is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.

Hollywood Home Affordability

It’s advisable to look at home affordability when trying to find the ideal place to find real estate in Hollywood, FL. To estimate home affordability, one method is to use the ratio of home price to median household income. The Hollywood, FL’s median home price stands at $197,100 while $48,579 is the value of the average household income. The resulting home price to income ratio, which is 4.1x, differs from the Florida average as the ratio is 19% higher than the state’s average. The average home price divided by the median home income results in the home affordability ratio. Considering the comparison between the home price and home income, homes in Hollywood, FL are considered less expensive if the ratio of home price to income is lower. Besides the home price to median household income ratio, other considerable factors do apply in determining home affordability. Using the home affordability calculator displayed below can help determine the exact price that suits any budget when searching for real estate in Hollywood, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Medley, FL	898	$33,100	82%
Pembroke Park, FL	6,259	$68,600	63%
Franklin Park, FL	1,039	$86,300	53%
Gladeview, FL	12,899	$89,800	51%
Lauderdale Lakes, FL	34,321	$93,400	49%
Hollywood, FL	148,114	$197,100	7%

Cities with similar population

City, State	Population	Home Price	National Avg.
Joliet, IL	147,515	$163,900	11%
Torrance, CA	147,307	$652,600	253%
Bridgeport, CT	147,022	$168,200	9%
Paterson, NJ	146,894	$236,000	28%
Sunnyvale, CA	149,596	$859,100	365%
Hollywood, FL	148,114	$197,100	7%

Source: The Hollywood, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).