The typical owner-occupied home in Broward County is worth about $414,600, 15% above the Florida median of $359,000 and 25% above the national median of $332,700. Owners pay a median $3,890 a year in property taxes, about 0.94% of their home's value, higher than the Florida rate of 0.76%. The median household earns $77,633 a year, so the median home costs 5.3 times the median income (4.8 times for Florida). 64% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Broward County at a glance
| Broward County | Florida | U.S. | |
|---|---|---|---|
| Median home value | $414,600 | $359,000 | $332,700 |
| Median property tax paid per year | $3,890 | $2,730 | $3,119 |
| Property tax as a share of value | 0.94% | 0.76% | 0.94% |
| Median household income | $77,633 | $74,568 | $80,734 |
| Homes lived in by their owners | 64% | 68% | 65% |
| Owner homes with a mortgage | 58% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $2,433 | $1,959 | $1,963 |
| Those costs as a share of the owners' income | 27.0% | 23.6% | 21.0% |
| Median rent | $1,907 | $1,669 | $1,413 |
| Rent as a share of renters' income | 38.3% | 35.2% | 30.6% |
| Median year homes were built | 1980 | 1988 | 1980 |
| Vacant homes | 12.9% | 14.7% | 10.1% |
| Population | 1,977,129 | 22,416,077 | 334,922,499 |
What a typical home costs per month in Broward County
At this week's average 30-year rate of 7.11%, buying the median Broward County home of $414,600 with 20% down costs about $2,729 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,419, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $116,946 for the 20%-down payment. That payment is 42% of the median Broward County household income of $77,633; at that income and 20% down, the 28% guideline points to a home of about $275,000.
The median rent here is $1,907 a month, so owning the median home costs about $822 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $82,920 |
|---|---|
| Loan amount | $331,680 |
| Principal and interest | $2,231 |
| Property taxes (0.94% a year) | $325 |
| Homeowners insurance (our estimate, 0.5% a year) | $173 |
| PMI | $0 |
| Total per month | $2,729 |
Change the numbers in the calculator
| Down payment | $14,511 |
|---|---|
| Loan amount | $407,091 |
| Principal and interest | $2,739 |
| Property taxes (0.94% a year) | $325 |
| Homeowners insurance (our estimate, 0.5% a year) | $173 |
| FHA mortgage insurance | $183 |
| Total per month | $3,419 |
Change the numbers in the calculator
Questions about home buying in Broward County
What is the median home value in Broward County?
About $414,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Broward County?
Homeowners pay a median $3,890 a year, which is about 0.94% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Broward County?
For the median home with 20% down at 7.11%, the payment is about $2,729 a month. Keeping that under 28% of gross income takes about $116,946 a year.
More about Broward County
- Mortgage Refinance in Broward County
- Debt Relief in Broward County
- Home Equity Loans in Broward County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data