645 Sw 5 Ave, 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 | |
|---|---|---|---|---|
| 639 Sw 5 Ave | Single Family | 1,925 | B |
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| 637 Sw 5 Ave | Single Family | 1,796 | B |
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| 635 Sw 5 Ave | Single Family | 1,796 | B |
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| 644 Sw 6 Ave | Single Family | 2,548 | B |
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| 646 Sw 5 Ave | Multi-family - less than 10 units | 1,887 | B |
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| Sw 6 Ave | Vacant Residential | 0 | L | |
| 500 Sw 7 St | Single Family | 1,194 | B |
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| 631 Sw 5 Ave | Single Family | 1,523 | C |
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| 506 Sw 7 St | Vacant Residential | 0 | L | |
| 634 Sw 6 Ave | Single Family | 1,157 | B |
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| 418 Sw 7 St | Single Family | 1,421 | C |
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| 638 Sw 5 Ave | Single Family | 1,890 | B |
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| 512 Sw 7 St | Single Family | 652 | C |
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| 632 Sw 5 Ave | Single Family | 1,333 | B |
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| 629 Sw 5 Ave | Single Family | 1,840 | B |
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| 411 Sw 7 St | Multi-family - less than 10 units | 1,008 | B |
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| 514 Sw 7 St | Single Family | 1,553 | C |
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| 630 Sw 6 Ave | Single Family | 1,343 | C |
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| 630 Sw 5 Ave | Single Family | 1,471 | B |
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| 627 Sw 5 Ave | Single Family | 1,845 | B |
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| 414 Sw 7 St | Vacant Residential | 0 | L | |
| 628 Sw 5 Ave | Single Family | 1,333 | B |
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| 518 Sw 7 St | Multi-family - less than 10 units | 1,250 | B |
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| 624 Sw 6 Ave | Single Family | 2,061 | B |
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| 626 Sw 5 Ave | Single Family | 1,333 | B |
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| 623 Sw 5 Ave | Single Family | 1,802 | C |
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| 410 Sw 7 St | Multi-family - less than 10 units | 1,404 | B |
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| 405 Sw 7 St | Vacant Residential | 0 | L | |
| 501 Sw 8 St | Single Family | 1,012 | B |
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| 509 Sw 8 St | Multi-family - less than 10 units | 2,361 | C |
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| 600 Sw 7 St | Multi-family - less than 10 units | 1,555 | B |
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| 620 Sw 6 Ave | Single Family | 1,039 | B |
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| 425 Sw 8 St | Single Family | 1,032 | B |
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| 622 Sw 5 Ave | Multi-family - less than 10 units | 1,945 | B |
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| 511 Sw 8 St | Single Family | 1,227 | B |
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| 641 Sw 6 Ave | Single Family | 1,312 | B |
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| 617 Sw 5 Ave | Single Family | 1,315 | B |
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| 421 Sw 8 St | Single Family | 1,616 | C |
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| 711 Sw 4 Ave | Single Family | 1,487 | B |
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| 635 Sw 6 Ave | Multi-family - less than 10 units | 2,693 | B |
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| 515 Sw 8 St | Single Family | 792 | B |
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| 633 Sw 4 Ave | Multi-family - less than 10 units | 4,260 | C |
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| 633 Sw 6 Ave | Single Family | 1,208 | B |
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| 709 Sw 4 Ave | Single Family | 1,777 | B |
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| 604 Sw 7 St | Single Family | 1,253 | B |
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| 400 Sw 7 St | Single Family | 1,304 | B |
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| 618 Sw 6 Ave | Single Family | 1,015 | B |
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| 665 Sw 4 Ave | Multi-family - less than 10 units | 2,369 | B |
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| 715 Sw 4 Ave | Single Family | 1,487 | 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 64 of all properties in this area. This suggests it would appeal to someone earning around $89,642 per year who should qualify for a mortgage between $179,284 and $224,105.
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 64 of all properties in this area. This corresponds to a rent of $1,244 per month and a monthly household income of $3,596 ($43,152 per year)
Nearby Companies
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