Tamarac, Florida Real Estate & Housing Market

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Tamarac Housing Information

Index	Tamarac	Florida	National
Median home price	$127,700	$166,800	$184,700
Median rent asked	$1,227	$1,032	$949
Avg. people per household	2.5	2.6	2.6
Owner occupied households	71.1%	64.8%	63.6%
Renter occupied households	28.9%	35.2%	36.4%

The above shows an overview of the real estate market in Tamarac, FL. Note how the median home price for Tamarac, FL runs $127,700, which is 23% lower than the average property price for Florida. So you’re going to get real estate in Tamarac, FL that is on-average more affordable than what you’ll find in the rest of Florida. As for rent, the median for Tamarac, FL runs $1,227, which is comparatively 19% higher than the average rent for Florida. For Tamarac, FL, about 71.1% of the population consist of home owners with about 2.5 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Tamarac, FL offers a wide variety of real estate. To find your perfect home in Tamarac, FL, filter your choice by price, location, and number of beds and baths using the search area above.

Tamarac Home Affordability

When deciding where to purchase Tamarac, FL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Tamarac, FL the median home price is $127,700 and $44,399 is the median household income. As a result, the home price to income ratio in Tamarac, FL is 2.9x, which is 16% lower than the Florida average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Tamarac, FL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Tamarac, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Pembroke Park, FL	6,259	$68,600	63%
Watergate, FL	3,527	$74,000	60%
Franklin Park, FL	1,039	$86,300	53%
Lauderdale Lakes, FL	34,321	$93,400	49%
Lauderhill, FL	70,452	$103,700	44%
Tamarac, FL	63,747	$127,700	31%

Cities with similar population

City, State	Population	Home Price	National Avg.
Pico Rivera, CA	63,724	$351,300	90%
Lorain, OH	63,714	$85,700	54%
Lodi, CA	63,842	$252,900	37%
Carmichael, CA	63,631	$309,300	67%
Janesville, WI	63,880	$129,300	30%
Tamarac, FL	63,747	$127,700	31%

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