132 Ne 16 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 | |
|---|---|---|---|---|
| 130 Ne 16 Ter | Single Family | 2,131 | B |
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| 134 Ne 16 Ter | Single Family | 2,371 | B |
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| 122 Ne 16 Ter | Single Family | 3,065 | A |
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| 128 Ne 16 Ter | Single Family | 1,875 | B |
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| 120 Ne 16 Ter | Single Family | 2,929 | A |
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| 204 Ne 16 Ter | Single Family | 2,569 | A |
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| 127 Ne 17 Ave | Multi-family - less than 10 units | 2,400 | C |
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| 123 Ne 17 Ave | Single Family | 3,414 | B |
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| 200 Ne 16 Ter | Single Family | 3,030 | A |
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| 118 Ne 16 Ter | Single Family | 3,030 | A |
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| 201 Ne 17 Ave | Single Family | 1,729 | B |
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| 208 Ne 16 Ter | Single Family | 2,499 | A |
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| 121 Ne 17 Ave | Multi-family - less than 10 units | 2,805 | C |
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| 116 Ne 16 Ter | Single Family | 3,030 | A |
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| 205 Ne 17 Ave | Single Family | 1,456 | C |
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| 212 Ne 16 Ter | Single Family | 1,284 | B |
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| 114 Ne 16 Ter | Single Family | 1,294 | B |
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| 115 Ne 17 Ave | Single Family | 1,712 | C |
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| 216 Ne 16 Ter | Single Family | 1,284 | B |
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| 211 Ne 17 Ave | Single Family | 1,284 | B |
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| 129 Ne 16 Ter | Single Family | 1,621 | B |
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| 125 Ne 16 Ter | Single Family | 3,120 | A |
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| 205 Ne 16 Ter | Multi-family - less than 10 units | 2,066 | B |
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| 220 Ne 16 Ter | Single Family | 1,284 | B |
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| 215 Ne 17 Ave | Single Family | 1,284 | B |
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| 111 Ne 17 Ave | Single Family | 2,237 | B |
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| 110 Ne 16 Ter | Multi-family - less than 10 units | 2,460 | C |
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| 224 Ne 16 Ter | Single Family | 1,284 | B |
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| 219 Ne 17 Ave | Single Family | 1,380 | B |
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| 121 Ne 16 Ter | Single Family | 1,268 | C |
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| 228 Ne 16 Ter | Single Family | 1,284 | B |
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| 1610 Ne 2 Ct | Multi-family - less than 10 units | 2,819 | C |
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| 124 Ne 16 Ave | Single Family | 3,120 | A |
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| 301 Ne 16 Ter | Single Family | 2,482 | B |
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| 120 Ne 17 Ave | Single Family | 1,518 | B |
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| 232 Ne 16 Ter | Single Family | 1,284 | B |
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| 124 Ne 17 Ave | Single Family | 1,495 | B |
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| 301 Ne 17 Ave | Multi-family - less than 10 units | 2,431 | C |
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| 116 Ne 17 Ave | Single Family | 2,165 | B |
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| 128 Ne 16 Ave | Single Family | 3,049 | B |
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| 126 Ne 17 Ave | Single Family | 1,892 | B |
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| 1627 Ne 1 St | Single Family | 2,980 | A |
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| 1629 Ne 1 St | Single Family | 1,836 | B |
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| 200 Ne 16 Ave | Multi-family - less than 10 units | 2,858 | C |
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| 108 Ne 16 Ave | Multi-family - 10 units or more | 22,137 | B |
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| 1615 Ne 2 Ct | Single Family | 2,651 | A |
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| 1625 Ne 1 St | Vacant Residential | 0 | L | |
| 305 Ne 16 Ter | Single Family | 2,327 | B |
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| 107 Ne 17 Ave | Multi-family - less than 10 units | 2,282 | C |
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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 76 of all properties in this area. This suggests it would appeal to someone earning around $121,913 per year who should qualify for a mortgage between $243,826 and $304,783.
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 76 of all properties in this area. This corresponds to a rent of $1,476 per month and a monthly household income of $4,430 ($53,160 per year)
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