Broward County, Florida
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.
Broward County Florida Cities
There are 7 cities in Broward County Florida. These are listed below. Click on a link for details.
Dania, Deerfield Beach, Fort Lauderdale, Hallandale, Hollywood, Pembroke Pines, Pompano Beach,
Broward County has a population of approximately 1,815,137 people. The population increased 3.8% from 2010 to 2012. This compared to a 2.7% increase for the State of Florida and a 1.7% increase for the country as a whole. Broward County is 1209.79 square miles and had a population density of 1444.9 Persons per square mile in 2010. This compared to 350.6 for Florida and 87.4 for the country.
There are 810,795 housing units in Broward County (a housing unit is defined by the US Census Bureau as a house, apartment, mobile home, group of rooms, or single room that is occupied as separate living quarters.) Broward County has a 68.2% homeownership rate compared to Florida's rate of 69.0%. Broward County's medium household income in 2011 was $51,782, which is higher than the medium income for Florida as a whole: $47,827.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| United States | 313,914,040 | $14,025,202 | 1.7% | $52,762 | 132,312,404 | $186,200 |
| Florida | 19,317,568 | $630,738 | 2.7% | $47,827 | 9,026,965 | $188,600 |
| Broward County | 1,815,137 | $73,668 | 3.8% | $51,782 | 810,795 | $225,300 |
13.0% of the population in Broward County lives below the poverty line, compared to 14.7% in Florida and 14.3% nationwide. Additional Information:
- Broward County Census Data
- University of Florida Bureau of Economic and Business Research - Broward County
Broward County Economic Activity
The U.S. Bureau of the Census, Economic , 2007 calculated the total value manufacturing, merchant wholesaler, retail sales and food service sales in Broward County. The Census measured activity of large and medium-sized firms during calendar year 2007. It does not include every aspect of the economy but can be used as a measure of economic activity.
At $73,668 million, Broward County's economic activity represents 11.68% of the Florida economy.
| Activity | Value (Millions) | Percentage |
|---|---|---|
| Manufacturers shipments | $7,161 | 9.7% |
| Merchant wholesaler sales | $31,412 | 42.6% |
| Retail sales | $30,886 | 41.9% |
| Accommodation and food services sales | $4,209 | 5.7% |
| Total | $73,668 | 100% |
Broward County Regional Comparisons
Broward County is located in Southeast Florida. This region is responsible for 37.7% of Florida's economic activity. Broward County represents 31.0% of the region's economy.
| Region | Population 2012 | Economic Activity 2007 (Millions) | Population Growth 2010 to 2012 | Median Household Income 2011 | Housing Units | Median Price 2007 to 2011 |
|---|---|---|---|---|---|---|
| Indian River County | 140,567 | $2,455 | 1.8% | $46,363 | 76,251 | $179,300 |
| St. Lucie County | 283,866 | $5,576 | 2.2% | $44,947 | 137,581 | $157,600 |
| Martin County | 148,817 | $4,347 | 1.7% | $53,612 | 78,356 | $238,200 |
| Palm Beach County | 1,356,545 | $38,668 | 2.8% | $52,951 | 668,159 | $236,600 |
| Broward County | 1,815,137 | $73,668 | 3.8% | $51,782 | 810,795 | $225,300 |
| Miami-Dade County | 2,591,035 | $110,643 | 3.8% | $43,957 | 990,558 | $246,800 |
| Monroe County | 74,809 | $2,136 | 2.4% | $53,889 | 52,552 | $463,100 |
| Total | 6,410,776 | $237,494 | 2.6% | $49,643 | 2,814,252 | $249,557 |
Broward Real Estate
There are 476,266 properties in Broward County. The following table shows a summary of them based on 2013 sales data.
| Usage Type | Property Count | % | Sales Count | Median Price | Median Price/Ft | Sales From | To |
|---|---|---|---|---|---|---|---|
| Commercial Property | 0 | 0.00 | 509 | $850,000 | $159 | January 1st, 2013 | October 1st, 2013 |
| Government Property | 3,203 | 0.67 | 1 | $1,600,000 | $93 | August 1st, 2013 | August 1st, 2013 |
| Residential Property | 0 | 0.00 | 25,941 | $161,100 | $101 | January 1st, 2013 | October 1st, 2013 |
Commercial Real Estate in Broward County, Florida
0( .00%) of the properties in Broward County are classified as Commercial. 509 of them sold between January 1st, 2013 and October 1st, 2013. The total value of these sales was $1,246,096,649. The median sales price was $850,000. In 2013 the median sales price for A Class Commercial Property in Broward County was $536 per sq ft, B Class properties sold for $159/ft and C Class $54/ft.
Government Real Estate in Broward County, Florida
3,203( .67%) of the properties in Broward County are classified as Government. 1 of them sold between August 1st, 2013 and August 1st, 2013. The total value of these sales was $1,600,000. The median sales price was $1,600,000. In 2013 the median sales price for Government Property in Broward County was $93 per sq ft.
Residential Real Estate in Broward County, Florida
0( .00%) of the properties in Broward County are classified as Residential. 25,941 of them sold between January 1st, 2013 and October 1st, 2013. The total value of these sales was $7,572,740,974. The median sales price was $161,100. In 2013 the median sales price for A Class Residential Property in Broward County was $163 per sq ft, B Class properties sold for $101/ft and C Class $52/ft.
Additional Details:
Broward Market Data
| Property Usage | Property Count | Total Sq Ft |
|---|---|---|
| Agricultural | 752 | 1,925,810 |
| Government Property | 2,229 | 77,351,450 |
| Health Care | 134 | 9,686,663 |
| Hotel & Motel | 652 | 19,344,345 |
| Industrial | 6,746 | 121,806,349 |
| Land | 13,598 | 6,641,777 |
| Miscellaneous Property | 279 | 2,818,384 |
| Mobile/Manufactured | 4,155 | 4,400,774 |
| Multifamily | 18,003 | 130,153,161 |
| Office | 3,318 | 61,338,009 |
| Residential | 433,405 | 835,215,833 |
| Retail | 6,766 | 102,938,099 |
| Senior Housing | 162 | 7,403,526 |
| Special Purpose | 1,639 | 25,125,299 |
| Sports & Entertaining | 289 | 4,305,584 |