2409 Ne 7 Ave, Wilton Manors
Broward County Real Estate - Fort Lauderdale
Fort Lauderdale
Fort Lauderdale is the eighth largest city in Florida is terms of population. Fort Lauderdale is located in Broward County and borders the Atlantic Ocean. Tourism is Fort Lauderdale's largest industry, with a focus on water recreation. The city is home to over 42,000 resident yachts and 100 marinas and boatyards. Fort Lauderdale also has a large convention center, attracting 30% of the city's visitors. Fort Lauderdale is a fast growing market for international trade. Many companies have established business operations in Fort Lauderdale with Latin American headquarters, including AT&T, AutoNation, CityCorp, Galaxy Latin America, Hewlett Packard, and others. Top employers for Fort Lauderdale are Tenet Healthcare, American Express, The Continental Group, Motorola, and Maxim Integrated Products.
Fort Lauderdale is in South East Florida. It's population as recorded in the 2010 Census was 165,521.
The median age for residents of Fort Lauderdale is 42.2. Around 21% of Fort Lauderdale households include school aged children and 26.2% of households include individuals aged 65 years or over. Census records indicate 62.6% of the Fort Lauderdale population are White, 30.9% are Black or African American, .2% American Indian, 1.4% Asian and 2.1% are Two or more Races.
There are 93,159 housing units in Fort Lauderdale. 18,373 (19.7%) of these were reported as vacant in the 2010 Census. Fort Lauderdale is a tourist destination, 50% (9,195) of it's vacant housing units were classed as seasonal, recreational or for occasional use. There are 38,542 residential rental units in Fort Lauderdale. 33,763 of them were occupied in 2010 providing a residential rental vacancy rate of 12%.
Fort Lauderdale links:
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Broward County
Broward County is part of the southeast Florida region along with Miami-Dade, Indian River, St. Lucie, Martin, Palm Beach, and Monroe counties. Broward County has 29 recognized cities and towns, the largest being Fort Lauderdale, Pembroke Pines, and Hollywood. 95% of the properties in Broward County are residential, implying that it is a largely suburban area. Broward County is centrally located between major metropolitan areas in Miami-Dade and Palm Beach Counties. The county?s population is over 1.5 million, making it the second most populous in Florida.
Broward County identified these industries as focuses for its expansion efforts: advanced materials and High-Tech Manufacturing, aviation/aerospace, international trade, marine industries, and headquarters and management operations. Major private sector employers are American Express, Nova Southeastern University, AutoNation, Kaplan Higher Education, and The Answer Group. Top public employers are Broward County School District, Broward County Government, North Broward Hospital District, Memorial Healthcare System, and the City of Fort Lauderdale.
Port Everglades and Fort Lauderdale-Hollywood International Airport are major contributors to the region?s economy. Port Everglades is the third most trafficked port for cruise passengers in the nation. It is also a major destination for container cargo and imported petroleum. FLL is the 21st-busiest airport in the United States and the Florida Department of Transportation estimates its economic impact at $10.6 billion.
The county seat and largest city, with a population over 165,000, is Fort Lauderdale. The eighth-largest city in the state is a travel destination, especially for LGBT tourists. Fort Lauderdale and the adjacent Wilton Manors are among the most friendly cities to LGBT people and are among the cities with the highest proportions of same-sex couples.
Nova Southeastern University is a major private school located in the suburb of Davie. Broward College has campuses throughout the county. City College and the Art Institute of Fort Lauderdale are located in the city, as are satellite campuses of Florida Atlantic University and Florida International University.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 2405 Ne 7 Ave | Multi-family - less than 10 units | 1,052 | B |
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| 2411 Ne 7 Ave | Single Family | 1,580 | B |
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| 2316 Ne 6 Ave | Single Family | 2,448 | B |
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| 2312 Ne 6 Ave | Single Family | 1,238 | B |
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| 2415 Ne 7 Ave | Single Family | 1,508 | B |
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| 2287 Wilton Dr | Nightclub, cocktail lounge or bar | 6,187 | B |
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| 2408 Ne 6 Ave | Hotel or motel | 2,168 | B |
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| 2308 Ne 6 Ave | Single Family | 1,064 | C |
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| 2424 Ne 6 Ave | Single Family | 1,330 | B |
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| 2255 Wilton Dr | Office building, non-professional service building, one story | 1,309 | B |
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| 2427 Ne 7 Ave | Single Family | 1,721 | B |
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| 2420 Ne 7 Ave | Single Family | 1,291 | B |
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| 2300 Ne 6 Ave | Mixed use - store and office or store and residential or residential combination | 8,305 | B |
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| 2301 Wilton Dr | Condominium | 1,386 | A |
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| 2426 Ne 6 Ave | Single Family | 1,558 | B |
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| 2429 Ne 7 Ave | Single Family | 1,322 | C |
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| 2430 Ne 7 Ave | Single Family | 1,266 | B |
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| 2301 Wilton Dr | Condominium | 1,945 | A |
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| 2428 Ne 6 Ave | Single Family | 1,381 | B |
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| 544 Ne 24 St | Single Family | 1,565 | B |
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| 2433 Ne 7 Ave | Single Family | 921 | C |
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| 2434 Ne 7 Ave | Single Family | 1,063 | B |
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| 547 Ne 24 St | Single Family | 2,184 | B |
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| 2430 Ne 6 Ave | Single Family | 2,215 | B |
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| 540 Ne 24 St | Single Family | 1,335 | B |
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| 2409 Ne 8 Ave | Single Family | 1,823 | B |
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| 2440 Ne 7 Ave | Single Family | 912 | B |
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| 2501 Ne 7 Ave | Single Family | 985 | B |
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| 2301 Ne 6 Ave | Condominium | 640 | A |
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| 540 Ne 25 St | Single Family | 1,624 | B |
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| 2502 Ne 6 Ave | Vacant Residential | 0 | L | |
| 535 Ne 24 St | Single Family | 1,185 | B |
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| 2425 Ne 8 Ave | Single Family | 1,079 | B |
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| 2720 Ne 8 Ave | Condominium | 760 | B |
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| 2643 Ne 8 Ave | Condominium | 650 | A |
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| 2607 Ne 8 Ave | Condominium | 842 | B |
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| 2505 Ne 7 Ave | Single Family | 1,057 | B |
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| 545 Ne 23 St | Multi-family - less than 10 units | 3,827 | B |
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| 2312 Wilton Dr | Office building, non-professional service building, multi-story | 15,898 | B |
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| 2508 Ne 7 Ave | Single Family | 1,899 | B |
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| 2506 Ne 6 Ave | Single Family | 1,215 | B |
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| 536 Ne 24 St | Multi-family - less than 10 units | 1,890 | C |
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| 532 Ne 25 St | Single Family | 1,317 | B |
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| 2400 Ne 8 Ave | Mixed use - store and office or store and residential or residential combination | 2,019 | B |
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| 2501 Ne 8 Ave | Single Family | 2,260 | B |
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| 2509 Ne 7 Ave | Single Family | 1,196 | B |
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| 527 Ne 24 St | Single Family | 1,337 | B |
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| 2402 Ne 8 Ave | Office building, non-professional service building, one story | 1,975 | B |
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| 2510 Ne 6 Ave | Single Family | 904 | B |
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Local Household Income
The median household income in this part of Florida is $50,148. The bottom 10% of the population earn less than $16,295 per year. The top 10% earn more than $114,860 per year. The top 1% earn more than $370,169 per year. Most renters earn between $29,916 (20th percentile) and $45,504 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $100,296 and $125,370.
The tax assessed value of this property places it in percentile 93 of all properties in this area. This suggests it would appeal to someone earning around $129,184 per year who should qualify for a mortgage between $258,368 and $322,960.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $1,098. Most renters earn between $2,493 and $3,792 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $896 (20th percentile) to $1,432 (80th percentile) range. The residential vacancy rate is 7%.
This property falls in percentile 93 of all properties in this area. This corresponds to a rent of $1,791 per month and a monthly household income of $4,527 ($54,324 per year)
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