Oakland Park, 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
$2,250
Monthly Cash Flow
-$198
Principal + Equity
$2,989
Annual Total Gain
$33,486
Cash on Cash
-2.62%
Net ROI %
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
#8out of 380 markets
Most Diverse Places to Live in Florida
#13out of 1195 markets
Best Suburbs for Young Professionals in Florida
#64out of 380 markets
B-
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Oakland Park, FL.
In Oakland Park, FL, short term rentals (STRs) are regulated by the city's Code of Ordinances. Investors looking to purchase a property for short term rental purposes should be aware of the following regulations:
1. Licensing: All STRs in Oakland Park must be licensed by the city. This includes obtaining a business tax receipt and paying applicable fees.
2. Zoning: STRs are only permitted in certain zoning districts in Oakland Park. Investors should check the city's zoning map to ensure that the property they are considering purchasing is located in a zone where STRs are allowed.
3. Occupancy limits: The city of Oakland Park has specific occupancy limits for STRs, which vary depending on the size of the property. Investors should be aware of these limits and ensure that they are compliant with them.
4. Noise and nuisance regulations: Oakland Park has noise and nuisance regulations that apply to all properties, including STRs. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Parking regulations: Oakland Park has specific parking regulations for STRs, including requirements for off-street parking. Investors should ensure that their property meets these requirements to avoid fines or penalties.
6. Safety and health regulations: STRs in Oakland Park must comply with all applicable safety and health regulations, including building codes and fire safety requirements. Investors should ensure that their property meets these standards to protect the safety of their guests.
7. Taxation: Investors should be aware of any applicable taxes on STRs in Oakland Park, including sales and tourist development taxes. They should ensure that they are collecting and remitting these taxes properly to avoid penalties.
Overall, investors looking to purchase a property for short term rental purposes in Oakland Park, FL should thoroughly research and understand the city's regulations and requirements to ensure compliance and avoid any potential legal issues.
Market Trends Over Time
Explore 25 years of market data for Oakland Park, 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 Oakland Park, FL.
The LTR Genie Score of Oakland Park, FL is 70 and STR Genie Score is 77, indicating a moderate to high potential for both long-term and short-term rental investments in this market. The LTR Rentability is low, which may be attributed to factors such as competition from nearby areas or saturation of the rental market. However, the LTR Net ROI of 36.93% suggests that despite lower rentability, investors can still achieve a good return on their investment. On the other hand, the high STR Genie Score of 77 and STR Net ROI of 41.62% indicate a strong potential for short-term rental investments in Oakland Park. The 1-Year Price Appreciation Forecast of 1.95% suggests a stable market with potential for growth. With a moderate to high Genie Score for both LTR and STR, Oakland Park, FL appears to be an attractive market for real estate investors looking to diversify their portfolio with both long-term and short-term rental properties.
Oakland Park, FL is a suburban city located in Broward County, known for its diverse community, proximity to beaches, and vibrant arts and culture scene. The city offers a mix of residential neighborhoods, commercial areas, and recreational facilities, making it an attractive location for both residents and tourists. With a growing population and steady demand for rental properties, Oakland Park presents a promising opportunity for real estate investors seeking to capitalize on the city's potential for long-term and short-term rental investments.
