With 24 miles of sunny beaches, challenging golf courses, and unique cuisine, Fort Lauderdale provides a lot of relaxation and even more fun for the wide variety of travelers that swing through each year.
In fact, more than 13 million annual out-of-towners choose Fort Lauderdale as their vacation destination for its endless top things to do — and that makes a Fort Lauderdale real estate investment a hot opportunity for interested vacation rental buyers.
To help you understand the earning potential this vacation rental market presents, we created a free, downloadable vacation rental market analysis.
Inside you’ll find:
The findings in this analysis are based on Evolve’s Fort Lauderdale market averages in the last year and provide a general baseline for performance potential. They’re designed to help inform smart buying decisions when buying a Fort Lauderdale investment property.
Peak season in the Fort Lauderdale rental market starts picking up ahead of spring break travel, and lasts through mid-summer as school’s out and temperatures range from the high 50s to upper 80s. The destination attracts snowbirds for longer stays in winter months, too, giving investors multi-season opportunity to earn passive income.
There’s also a wide array of activities and attractions (including the famous Fort Lauderdale Beach, Museum of Discovery & Science, and Flamingo Gardens), offering a little something for guests across ages and interests. That can further increase a vacation rental owner’s ability to grab eager bookers looking for a warm-weather destination to visit.
As for investment cost, Fort Lauderdale’s median home value is currently just over $500,000. This is slightly lower than nearby Miami (which sits around $529,000), but investors looking for a return with a lower upfront cost could also explore less-expensive Florida markets like Tampa or nearby Jacksonville.
With Fort Lauderdale’s strong peak season and endless entertainment, investors have the potential to earn a sizable income with vacation rental. To gauge how successful you can be with a Fort Lauderdale real estate investment, consider these important factors.
According to our data, both three- and five-bedroom properties see the most nights booked per year on average, and those five-bedroom homes generally bring in the highest annual revenue. Larger properties do make up a much smaller percentage of available inventory, though, so three-bedroom options may be easier to find in the Fort Lauderdale rental market.
That said, Evolve’s current top performer for most nights booked annually happens to be a one-bedroom vacation rental, and our top-earning property is a four-bedroom home. This indicates that no matter what property size you land on for a Fort Lauderdale real estate investment, a great home that hits all the right notes for travelers has the potential to be successful.
If homes in this radius are hard to find or too expensive, consider options along one of Fort Lauderdale’s canals in a family-friendly neighborhood like Las Olas Isles to give your guests water views at more budget-friendly price points. Proximity to popular shopping malls like Sawgrass Mills, or golf courses like Eagle Trace Golf Club, can also be great perks for guests that encourage five-star reviews.
On top of providing all the amenities guests are after no matter their destination, our experts say offering a private swimming pool and/or hot tub are great profit-driving options to attract and wow Fort Lauderdale guests. Take it further by making sure guests can relax in an updated outdoor space that offers shade and comfortable seating.
In addition, providing upgraded appliances, thoughtful interior design, and a welcome book (or “you made it!” gift) are all ways you can help your Fort Lauderdale investment property stand out to bookers and attract rave reviews.
With its coastal location and booming annual draw, you can thrive in the Sunshine State paradise by buying the perfect Fort Lauderdale vacation rental. To see what your investment future might have in store, download our free Fort Lauderdale Vacation Rental Investment Market Analysis today. Inside you’ll find:
Evaluating your investment opportunities shouldn’t leave you feeling stranded on the beach. Use our report to make achieving success smooth-sailing as you launch your vacation rental journey.