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Plantation, 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
$2,463
Monthly Cash Flow
-$642
Principal + Equity
$3,253
Annual Total Gain
$31,330
Cash on Cash
-6.16%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$232
Occupancy Rate
64.29%
Monthly Revenue
$3,063
Monthly Cash Flow
-$502
Principal + Equity
$3,253
Annual Total Gain
$33,016
Cash on Cash %
-4.81%
Net ROI %
Market Health & Growth
Median Income
$87,077
Population
94,002
LTR Renter %
36.7%
Forecast (1 yr)
1.77%
Appreciation (1 yr)
-4.3%
Appreciation (5 yr)
47%
Appreciation (10 yr)
94.58%
Job Growth
2.73%
LTR Rentability
Moderate
STR Demand
64
STR Rentals
7,907
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.
A-
Overall
Top-level market grade
Most Diverse Suburbs in Florida
#7out of 380 markets
Most Diverse Places to Live in Florida
#12out of 1195 markets
Best Suburbs for Young Professionals in Florida
#57out of 380 markets
B
Public School
C
Crime And Safety
C-
Housing
B
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 Plantation, FL.
In Plantation, FL, short term rentals 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. Registration and Licensing: Property owners must obtain a business tax receipt and register their property with the city in order to operate a short term rental. This registration process typically involves providing proof of insurance, safety inspections, and compliance with zoning regulations.
2. Zoning Restrictions: Plantation 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 short term rentals.
3. Occupancy Limits: The city of Plantation 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 and Nuisance Regulations: Plantation has noise and nuisance regulations in place to ensure that short term rentals do not disrupt the peace and quiet of residential neighborhoods. Investors should familiarize themselves with these regulations and take steps to ensure that their property does not cause any disturbances.
5. Taxation: Short term rentals in Plantation are subject to local taxes, including a tourist development tax and a local option tourist tax. Investors should be aware of these tax obligations and factor them into their financial planning.
Overall, investors looking to purchase a property for short term rental purposes in Plantation, FL should thoroughly research and understand the city's regulations and requirements to ensure compliance and successful operation of their rental property.
Market Trends Over Time
Explore 25 years of market data for Plantation, 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 Plantation, FL.
The LTR Genie Score of Plantation, FL is 66, indicating a moderate level of rentability for long-term rental properties in the area. The STR Genie Score is slightly higher at 71, suggesting a slightly more favorable environment for short-term rental or Airbnb properties. The higher STR Genie Score may be attributed to the higher net ROI and occupancy rate for short-term rentals compared to long-term rentals in Plantation, FL.
Plantation, FL is a suburban city located in Broward County, known for its family-friendly neighborhoods, excellent schools, and convenient access to major highways and shopping centers. The city offers a mix of residential properties, making it an attractive location for real estate investors looking to diversify their portfolio.
Based on the metrics provided, Plantation, FL appears to be a more attractive market for short-term rental investments, as indicated by the higher STR Genie Score and net ROI for short-term rentals. With a forecasted 1-year price appreciation of 1.77%, investors may also see potential for long-term growth in property values. However, it is important to conduct further research and analysis to determine the best investment strategy based on individual goals and risk tolerance.
