847 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 | |
|---|---|---|---|---|
| 845 Ne 16 Ter | Single Family | 2,414 | A |
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| 843 Ne 16 Ter | Single Family | 2,414 | A |
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| 831 Ne 16 Ter | Single Family | 2,312 | A |
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| 833 Ne 16 Ter | Single Family | 2,414 | A |
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| 1608 Ne 9 St | Single Family | 2,672 | A |
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| 835 Ne 16 Ter | Single Family | 2,414 | A |
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| 841 Ne 16 Ter | Single Family | 2,299 | A |
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| 1612 Ne 9 St | Single Family | 2,312 | A |
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| 1614 Ne 9 St | Single Family | 2,414 | A |
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| 836 Ne 16 Ave | Multi-family - less than 10 units | 1,576 | B |
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| 1616 Ne 9 St | Single Family | 2,414 | A |
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| 837 Ne 16 Ter | Single Family | 2,299 | A |
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| 1606 Ne 9 St | Single Family | 2,571 | A |
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| 832 Ne 16 Ave | Multi-family - less than 10 units | 1,118 | B |
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| 1604 Ne 9 St | Single Family | 2,571 | A |
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| 857 Ne 16 Ter | Single Family | 2,299 | A |
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| 850 Ne 16 Ave | Single Family | 2,672 | A |
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| 824 Ne 16 Ave | Multi-family - less than 10 units | 1,530 | B |
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| 852 Ne 16 Ave | Single Family | 2,392 | A |
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| 825 Ne 16 Ter | Single Family | 2,414 | A |
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| 827 Ne 16 Ter | Single Family | 2,312 | A |
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| 823 Ne 16 Ter | Single Family | 2,414 | A |
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| 1600 Ne 9 St | Single Family | 2,020 | A |
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| 821 Ne 16 Ter | Single Family | 2,299 | A |
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| 1617 Ne 9 St | Multi-family - less than 10 units | 1,930 | B |
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| 820 Ne 16 Ave | Multi-family - 10 units or more | 5,980 | B |
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| 817 Ne 16 Ter | Multi-family - less than 10 units | 2,308 | B |
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| 832 Ne 16 Ter | Multi-family - less than 10 units | 2,518 | B |
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| 1609 Ne 9 St | Single Family | 2,343 | A |
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| 840 Ne 16 Ter | Vacant Residential | 0 | L | |
| 830 Ne 16 Ter | Single Family | 1,881 | B |
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| 1607 Ne 9 St | Single Family | 2,430 | A |
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| 1605 Ne 9 St | Single Family | 2,430 | A |
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| 900 Ne 16 Ave | Single Family | 2,020 | A |
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| 844 Ne 16 Ter | Vacant Residential | 0 | L | |
| 824 Ne 16 Ter | Single Family | 1,702 | C |
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| 905 Ne 16 Ter | Vacant Residential | 0 | L | |
| 815 Ne 16 Ter | Multi-family - less than 10 units | 3,076 | B |
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| 820 Ne 16 Ter | Multi-family - less than 10 units | 1,571 | B |
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| 812 Ne 16 Ave | Single Family | 2,438 | C |
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| 841 Ne 16 Ave | Vacant Residential | 0 | L | |
| 825 Ne 16 Ave | Vacant Residential | 0 | L | |
| 904 Ne 16 Ave | Single Family | 1,777 | A |
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| 845 Ne 16 Ave | Multi-family - less than 10 units | 2,137 | B |
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| 909 Ne 16 Ter | Vacant Residential | 0 | L | |
| 816 Ne 16 Ter | Multi-family - less than 10 units | 1,991 | B |
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| 908 Ne 16 Ave | Single Family | 3,749 | B |
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| 809 Ne 16 Ter | Multi-family - less than 10 units | 1,588 | B |
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| 900 Ne 16 Ter | Vacant Residential | 0 | L |
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 60 of all properties in this area. This suggests it would appeal to someone earning around $80,650 per year who should qualify for a mortgage between $161,300 and $201,625.
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 60 of all properties in this area. This corresponds to a rent of $1,179 per month and a monthly household income of $3,507 ($42,084 per year)
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