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Hollywood, FL Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,361
Monthly Cash Flow
-$677
Principal + Equity
$3,130
Annual Total Gain
$29,444
Cash on Cash
-7.35%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$244
Occupancy Rate
64.29%
Monthly Revenue
$3,288
Monthly Cash Flow
-$242
Principal + Equity
$3,130
Annual Total Gain
$34,654
Cash on Cash %
-2.63%
Net ROI %
Market Health & Growth
Median Income
$65,359
Population
152,935
LTR Renter %
41.7%
Forecast (1 yr)
1.73%
Appreciation (1 yr)
-4.66%
Appreciation (5 yr)
48.48%
Appreciation (10 yr)
107.61%
Job Growth
-0.53%
LTR Rentability
Low
STR Demand
61
STR Rentals
5,728
Top Public Schools
AThe College Academy at Broward College
AMcFatter Technical High School
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in Florida
#16out of 380 markets
Most Diverse Places to Live in Florida
#31out of 1195 markets
Best Suburbs for Young Professionals in Florida
#56out of 380 markets
B
Public School
C-
Crime And Safety
D
Housing
A-
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Hollywood, FL.
In Hollywood, FL, Short Term Rental (STR) regulations are governed by the city's Code of Ordinances. Investors looking to purchase a property for STR purposes should be aware of the following regulations:
1. Permit Requirement: In Hollywood, property owners must obtain a Short Term Rental permit in order to legally operate a vacation rental. The permit must be renewed annually and there are specific requirements that must be met in order to obtain the permit.
2. Zoning Restrictions: Hollywood has specific zoning regulations that dictate where Short Term Rentals are allowed to operate. Investors should ensure that the property they are considering purchasing is located in a zone that permits STRs.
3. Occupancy Limits: Hollywood has occupancy limits for Short Term Rentals, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they comply with them.
4. Noise Restrictions: Hollywood has noise restrictions that apply to Short Term Rentals. Investors should be aware of these restrictions and take steps to ensure that their guests comply with them.
5. Taxes and Fees: Investors should be aware of any taxes and fees that apply to Short Term Rentals in Hollywood. This may include tourist development taxes, sales taxes, and permit fees.
6. Code Compliance: Property owners are responsible for ensuring that their Short Term Rental property complies with all building and safety codes. Investors should be prepared to make any necessary upgrades or repairs to bring the property into compliance.
7. Homeowner's Association Rules: If the property is located in a community with a homeowner's association, investors should be aware of any rules or restrictions that may apply to Short Term Rentals. Some homeowner's associations may have their own regulations regarding vacation rentals.
Overall, investors considering purchasing a property for Short Term Rental in Hollywood, FL should thoroughly research and understand the local regulations and requirements to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Hollywood, FL, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Hollywood, FL.
The LTR Genie Score of Hollywood, FL is 66 and the STR Genie Score is 71, indicating a moderate to high level of attractiveness for both long-term and short-term rental investments. The LTR Rentability is low, which may be attributed to the relatively low LTR Rent Growth Rate of 0.0588%. However, the LTR Net ROI of 26.65% and the STR Net ROI of 31.36% suggest that investors can still achieve favorable returns in both rental markets. The 1-Year Price Appreciation Forecast of 1.73% indicates potential growth in property values. The STR Occupancy rate of 64.29% and STR Revenue of 3288 also point towards a strong demand for short-term rentals in Hollywood, FL.
Hollywood, FL is a vibrant city known for its beautiful beaches, diverse cultural scene, and thriving tourism industry. With its proximity to major attractions and amenities, the real estate market in Hollywood offers a mix of investment opportunities for both long-term and short-term rental properties.
In conclusion, Hollywood, FL presents an attractive market for real estate investors looking to capitalize on both long-term and short-term rental opportunities. With favorable ROI metrics and a strong demand for short-term rentals, investors may consider diversifying their portfolio by investing in both rental markets in Hollywood, FL.
