Introduction
Fort Lauderdale, known for its beaches, boating canals, and vibrant nightlife, is a popular destination in Florida, making it an attractive market for short-term rental investors. This guide highlights the best-performing ZIP codes in Fort Lauderdale, providing data on gross yield, annual revenue, and property values. Each ZIP code presents unique opportunities based on its location and characteristics.
33309 – Oakland Park/Commercial Boulevard
- Gross Yield: 9%
- Annual Revenue: $34,199
- Zillow Home Value: $384.5K
ZIP code 33309 includes parts of Oakland Park and areas along Commercial Boulevard. This region provides convenient access to I-95 and is close to downtown Fort Lauderdale, making it appealing to both business travelers and vacationers. With a gross yield of 9% and an annual revenue of $34,199, 33309 offers a balanced opportunity for investors looking for affordable property values and stable returns. The lower property costs also allow for a potentially higher return on investment.
33308 – Lauderdale-by-the-Sea/Coral Ridge
- Gross Yield: 9%
- Annual Revenue: $48,427
- Zillow Home Value: $570.1K
ZIP code 33308 covers Lauderdale-by-the-Sea and the Coral Ridge area, both known for their high-end properties, beach access, and upscale amenities. This ZIP code boasts a gross yield of 9% and an impressive annual revenue of $48,427, reflecting the high demand for rentals in this desirable location. The home value of $568.0K indicates a premium market, suitable for investors targeting a luxury clientele. This area is particularly appealing to vacationers looking for a coastal experience with easy access to Fort Lauderdale’s beaches and attractions.
33334 – Wilton Manors/Oakland Park
- Gross Yield: 8%
- Annual Revenue: $38,822
- Zillow Home Value: $462.0K
The 33334 ZIP code includes Wilton Manors and parts of Oakland Park, known for their vibrant cultural scene, inclusive community, and proximity to downtown Fort Lauderdale. With a gross yield of 8% and an annual revenue of $38,822, this area attracts a diverse demographic, including both vacationers and those seeking a lively urban experience. The property values are moderate, and the area’s reputation as a popular nightlife and dining hub make it a strong choice for short-term rental investors.
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33311 – Central Fort Lauderdale/Progresso Village
- Gross Yield: 7%
- Annual Revenue: $27,109
- Zillow Home Value: $363.6K
ZIP code 33311 covers Central Fort Lauderdale, including Progresso Village, an area that has seen revitalization and growth in recent years. The gross yield here is 7%, with an annual revenue of $27,109. Known for its affordability and proximity to downtown, this ZIP code appeals to budget-conscious travelers looking for an urban stay with access to Fort Lauderdale’s restaurants and entertainment options. The relatively low home value of $363.6K provides an accessible entry point for investors looking to tap into a growing market.
33317 – Plantation
- Gross Yield: 6%
- Annual Revenue: $35,517
- Zillow Home Value: $554.9K
ZIP code 33317 is part of the Plantation area, a suburban neighborhood known for its green spaces, family-friendly environment, and proximity to both Fort Lauderdale and Miami. With a gross yield of 6% and an annual revenue of $35,517, this area is ideal for investors looking for long-term stability and higher-end clientele. While the property values are higher, the neighborhood’s appeal to families and professionals makes it a good choice for investors interested in suburban short-term rentals.
Conclusion
Fort Lauderdale provides a range of investment opportunities across these ZIP codes, each with its own blend of affordability, yield, and market appeal. Whether targeting the luxury rentals of Lauderdale-by-the-Sea or the budget-friendly options in Central Fort Lauderdale, investors can find lucrative prospects in this dynamic market.
