1320 Nw 7 Ter, Fort Lauderdale
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 | |
|---|---|---|---|---|
| 1316 Nw 7 Ter | Single Family | 1,247 | B |
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| 1326 Nw 7 Ter | Single Family | 1,445 | B |
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| 1312 Nw 7 Ter | Single Family | 1,062 | B |
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| 1330 Nw 7 Ter | Single Family | 1,860 | B |
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| 1321 Nw 7 Ave | Single Family | 1,353 | B |
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| 1325 Nw 7 Ave | Single Family | 950 | B |
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| 1317 Nw 7 Ave | Single Family | 1,245 | B |
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| 1308 Nw 7 Ter | Single Family | 1,093 | B |
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| 1329 Nw 7 Ave | Single Family | 2,556 | B |
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| 1313 Nw 7 Ave | Single Family | 982 | B |
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| 1321 Nw 7 Ter | Single Family | 1,198 | B |
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| 1317 Nw 7 Ter | Single Family | 998 | B |
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| 1325 Nw 7 Ter | Single Family | 1,366 | B |
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| 1336 Nw 7 Ter | Single Family | 2,162 | B |
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| 1304 Nw 7 Ter | Single Family | 1,235 | B |
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| 1313 Nw 7 Ter | Single Family | 1,459 | B |
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| 1329 Nw 7 Ter | Single Family | 1,148 | B |
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| 1333 Nw 7 Ave | Single Family | 1,136 | B |
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| 1309 Nw 7 Ave | Single Family | 1,011 | B |
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| 1309 Nw 7 Ter | Single Family | 1,253 | B |
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| 1333 Nw 7 Ter | Single Family | 1,200 | B |
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| 1337 Nw 7 Ave | Single Family | 1,092 | B |
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| 1305 Nw 7 Ave | Single Family | 1,326 | B |
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| 1300 Nw 7 Ter | Single Family | 970 | B |
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| 1305 Nw 7 Ter | Single Family | 1,031 | B |
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| 1340 Nw 7 Ter | Single Family | 1,268 | B |
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| 1337 Nw 7 Ter | Multi-family - less than 10 units | 2,504 | B |
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| 1301 Nw 7 Ave | Single Family | 1,470 | B |
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| 1341 Nw 7 Ave | Single Family | 1,004 | B |
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| 1312 Nw 8 Ave | Single Family | 800 | B |
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| 1301 Nw 7 Ter | Single Family | 1,117 | B |
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| 1344 Nw 7 Ter | Multi-family - less than 10 units | 1,485 | B |
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| 1314 Nw 8 Ave | Condominium | 1,134 | B |
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| 1322 Nw 8 Ave | Condominium | 1,250 | B |
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| 1316 Nw 8 Ave | Condominium | 1,134 | B |
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| 1341 Nw 7 Ter | Single Family | 1,120 | B |
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| 1308 Nw 8 Ave | Single Family | 800 | B |
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| 1320 Nw 8 Ave | Multi-family - less than 10 units | 2,504 | B |
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| 1326 Nw 8 Ave | Condominium | 1,134 | B |
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| 1328 Nw 8 Ave | Condominium | 1,134 | B |
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| 1320 Nw 7 Ave | Single Family | 974 | B |
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| 1310 Nw 8 Ave | Single Family | 800 | B |
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| 1324 Nw 7 Ave | Single Family | 915 | B |
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| 1316 Nw 7 Ave | Single Family | 901 | B |
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| 1345 Nw 7 Ave | Single Family | 1,172 | B |
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| 1328 Nw 7 Ave | Single Family | 1,016 | B |
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| 1312 Nw 7 Ave | Single Family | 860 | B |
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| 1306 Nw 8 Ave | Single Family | 800 | B |
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| 1332 Nw 8 Ave | Multi-family - less than 10 units | 2,504 | B |
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Local Household Income
The median household income in this part of Florida is $62,848. The bottom 10% of the population earn less than $15,373 per year. The top 10% earn more than $229,625 per year. The top 1% earn more than $716,082 per year. Most renters earn between $29,352 (20th percentile) and $56,148 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $125,696 and $157,120.
The tax assessed value of this property places it in percentile 30 of all properties in this area. This suggests it would appeal to someone earning around $35,637 per year who should qualify for a mortgage between $71,274 and $89,093.
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 $1,064. Most renters earn between $2,446 and $4,679 per month. They typically spend 35.5% of their monthly income on rent. Most rents fall in the $810 (20th percentile) to $1,568 (80th percentile) range. The residential vacancy rate is 8%.
This property falls in percentile 30 of all properties in this area. This corresponds to a rent of $883 per month and a monthly household income of $2,680 ($32,160 per year)
Nearby Companies
1412 Nw 7th Ter
1309 Nw 7th Ter
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1307 Nw 8 Avenue