33321, Fort Lauderdale, FL

The 33321 zip code of Fort Lauderdale, FL has a median home value of $269,000. This is higher than the statewide median home value of $205,000. The 33321 zip code also has a higher than average percentage of homes that are valued at over $300,000. This indicates that there are a high number of homes in this zip code that are worth more than what is typical for the area.

One reason why the home values in the 33321 zip code are so high is because there is a high concentration of luxury homes in this area. Many people who live in the 33321 zip code are wealthy and can afford to buy expensive homes. Additionally, many developers have chosen to build luxury homes in this area, which has also contributed to the high home values.

Despite the fact that there is a high concentration of luxury homes in the 33321 zip code, not all homeowners in this area are wealthy. In fact, there is a significant number of homeowners who live below the poverty line. This indicates that even though there are a lot of expensive homes in this area, not everyone can afford them.

Another factor that contributes to the high home values in the 33321 zip code is how tight housing availability is compared to other areas throughout Broward County. There aren't as many houses available for sale here as there are elsewhere, which means that it takes longer for prices to drop when someone decides they want to sell their house. As a result, homeownership rates tend to be higher here than elsewhere in Broward County because it's harder for people to buy or rent an affordable house within reach