Airbnb City Guide: The Best Places To Invest in Fort Lauderdale, Florida

Airbnb Rules and Regulations in Fort Lauderdale, Florida

As of 2024, Fort Lauderdale has established a comprehensive set of rules and regulations for short-term rentals. Hosts must register their vacation rentals annually with the city, paying a $350 fee for up to four units under the same ownership. A business tax license is also required, with costs ranging from $78 to $236, depending on the time of year. Properties are subject to inspections to ensure compliance with housing and safety standards, with the initial registration fee covering the first two inspections.

Occupancy is limited to two people per sleeping room, with a maximum of 1.5 times the number of authorized overnight occupants allowed in the rental at any given time, not to exceed 20 people. Hosts are also responsible for collecting and remitting the 6% Florida Transient Rental Tax, 6% Broward County Tourist Development Tax, and 0.5-1.5% Florida Discretionary Sales Surtax. It's crucial for hosts to familiarize themselves with these regulations, as well as any applicable HOA rules, lease agreements, or other restrictions that may impact their ability to operate a short-term rental in Fort Lauderdale.

Fort Lauderdale Airbnb Market Data:

• Average Revenue – $68.4K per year
• Average Daily Rate – $328.8 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $186
• Average Home Prices – $530,859

1. Top Place to Invest in Fort Lauderdale, Florida - Victoria Park

Victoria Park, a historic and charming neighborhood in Fort Lauderdale, has emerged as a top choice for Airbnb investors. This picturesque area boasts a perfect blend of residential tranquility and proximity to the city's vibrant attractions, making it an ideal location for short-term rental investments.

Victoria Park Airbnb Market Data:

• Average Revenue – $133.2K per year
• Average Daily Rate – $651.6 per night
• Average Occupancy Rate – 56%
• Average RevPAR – $363.3

Convenience - 8/10

Victoria Park's central location offers unparalleled convenience for both residents and visitors. The neighborhood is situated just minutes away from the bustling downtown area, providing easy access to a wide array of shops, restaurants, and entertainment options. With its well-maintained streets and sidewalks, getting around Victoria Park is a breeze.

Tourist Attractions - 7/10

While Victoria Park itself is primarily residential, its proximity to popular tourist destinations is a major draw. The famous Las Olas Boulevard, known for its upscale boutiques, art galleries, and dining establishments, is just a short drive away. Additionally, the beautiful beaches of Fort Lauderdale are within easy reach, allowing visitors to enjoy the sun, sand, and surf.

Things to Do - 7/10

Victoria Park offers a variety of activities for residents and visitors alike. The neighborhood features several parks, including the namesake Victoria Park, which provides a serene setting for picnics, outdoor games, and leisurely walks. The nearby Flagler Village Arts District hosts regular art walks and cultural events, adding to the area's vibrant atmosphere.

Average Home Prices - 6/10

According to Zillow data for 2024, the average home price in Victoria Park is $650,000. While this may seem steep compared to other areas in Fort Lauderdale, it is important to note that Victoria Park has experienced a steady appreciation rate of 4% over the past year. This indicates a stable and growing real estate market, making it an attractive option for investors.

Proximity to Work-Related Travel - 8/10

Victoria Park's strategic location makes it an excellent choice for those who frequently travel for work. The neighborhood is just a 10-minute drive from the Fort Lauderdale-Hollywood International Airport, ensuring convenient access for business travelers. Additionally, the Broward County Convention Center and several major hospitals are within close proximity, further enhancing the area's appeal for work-related stays.

X-Factor - 9/10

Its unique blend of historic charm and modern amenities sets Victoria Park apart. The neighborhood features a mix of beautifully restored 1920s homes that make for perfect rentals and contemporary apartments, creating a visually stunning and diverse architectural landscape. The tree-lined streets and well-manicured lawns add to the area's overall appeal, making it a desirable location for residents and visitors.

2. Top Place to Invest in Fort Lauderdale, Florida - Las Olas

Las Olas Boulevard, the heart and soul of Fort Lauderdale, is a premier destination for Airbnb and short-term rental investors. This vibrant stretch, lined with palm trees, boutiques, art galleries, and restaurants, offers a perfect blend of luxury, convenience, and tourist appeal, making it an attractive option for savvy investors.

Las Olas Airbnb Market Data:

• Average Revenue – $176.6K per year
• Average Daily Rate – $896.1 per night
• Average Occupancy Rate – 54%
• Average RevPAR – $484.7

Convenience - 9/10

Las Olas Boulevard's central location and well-connected transportation options make it incredibly convenient for both residents and visitors. The Fort Lauderdale Sun Trolley provides easy access along the boulevard, while the Fort Lauderdale Water Taxi offers a unique way to explore the area's waterways. Ample parking options and a walkable layout further enhance the convenience factor.

Tourist Attractions - 8/10

As a premier destination, Las Olas Boulevard boasts a wide array of tourist attractions. From the historic Stranahan House Museum to the NSU Art Museum, there's no shortage of cultural experiences. Visitors can also enjoy gondola tours, sightseeing cruises, and the nearby Fort Lauderdale Beach, ensuring a steady stream of potential guests even during off-seasons.

Things to Do - 9/10

Las Olas Boulevard offers an eclectic mix of activities and experiences. Visitors can indulge in world-class dining, shop at unique boutiques, explore art galleries, or unwind at trendy bars and cafes. The boulevard also hosts various local events throughout the year, such as live music performances and markets, adding to its allure.

Average Home Prices - 7/10

According to Zillow data for 2024, the average home value in the Las Olas area is approximately $530,859. While this may seem high compared to other parts of Fort Lauderdale, it's important to note that Las Olas has experienced a steady appreciation rate of 5% over the past year. This indicates a strong and stable real estate market, which is crucial for Airbnb investors looking for long-term growth potential.

Proximity to Work-Related Travel - 8/10

Las Olas Boulevard's strategic location makes it an ideal base for work-related travel. The area is within close proximity to major hospitals, the Broward County Convention Center, and the Fort Lauderdale-Hollywood International Airport. This proximity attracts business travelers and medical professionals, providing a consistent demand for short-term rentals.

X-Factor - 9/10

Its unique blend of sophistication, history, and coastal charm sets Las Olas Boulevard apart. The boulevard's evolution from a humble dirt road to a thriving epicenter of culture and commerce has created a captivating and desirable atmosphere. The stunning waterfront views, the area's upscale amenities, and the vibrant social scene make Las Olas an irresistible destination for visitors and a lucrative opportunity for Airbnb investors.

3. Top Place to Invest in Fort Lauderdale, Florida - Coral Ridge

Coral Ridge, one of Fort Lauderdale's oldest neighborhoods, has emerged as a prime location for Airbnb and short-term rental investments. With its proximity to the beach, top-rated schools, and a blend of residential tranquility and urban convenience, Coral Ridge offers a compelling opportunity for savvy investors looking to capitalize on the growing demand for vacation rentals in South Florida.

Coral Ridge Airbnb Market Data:

• Average Revenue – $K per year
• Average Daily Rate – $ per night
• Average Occupancy Rate – %
• Average RevPAR – $

Convenience - 8/10

Coral Ridge's strategic location provides easy access to major highways, the Fort Lauderdale International Airport and Port Everglades. The neighborhood is just minutes from the beach, and its central position allows quick trips to downtown Fort Lauderdale and other popular destinations. The Coral Ridge Mall, with anchor stores like Publix and Target, ensures that residents and visitors can access everyday necessities conveniently.

Tourist Attractions - 6/10

While Coral Ridge itself is primarily residential, its proximity to tourist hotspots is a significant advantage. The famous Fort Lauderdale Beach is just a short drive away, offering visitors a chance to soak up the sun and enjoy various water activities. The nearby Las Olas Boulevard and the Riverwalk Arts and Entertainment District provide an array of dining, shopping, and cultural experiences, making Coral Ridge an attractive base for exploring the city's attractions.

Things to Do - 7/10

Coral Ridge offers a mix of outdoor recreation and community events. With its small boat launching site, George English Park is perfect for those who love water activities. The neighborhood's tree-lined streets and well-maintained sidewalks encourage walking and biking. Residents and visitors can also enjoy the exclusive amenities of the Coral Ridge Country Club, which features a legendary golf course designed by Robert Trent Jones and restored by his son, Rees Jones, in 2020.

Average Home Prices - 7/10

According to Zillow data for 2024, the average home value in Coral Ridge is approximately $650,000. While this may seem high compared to some areas, it's important to note that property values in Coral Ridge have been steadily increasing, with a 5% appreciation rate over the past year. This trend indicates a strong and stable real estate market, which is crucial for Airbnb investors seeking long-term growth and returns.

Proximity to Work-Related Travel - 7/10

Coral Ridge's location makes it a convenient choice for work-related travel. The neighborhood is close to a major hospital, the Broward County Convention Center, and the Fort Lauderdale-Hollywood International Airport. This proximity attracts business travelers, medical professionals, and conference attendees, providing a consistent demand for short-term rentals throughout the year.

X-Factor - 8/10

Coral Ridge's unique blend of old-world charm and modern amenities sets it apart. The neighborhood's well-established homeowner's association, founded in 1949, has helped maintain its distinct character and appeal. The highly-rated Bayview Elementary School is a major draw for families, ensuring a stable and desirable community. Additionally, the exclusive Coral Ridge Country Club's presence adds prestige and sophistication to the area, making it an attractive destination for affluent visitors and investors alike.

4. Top Place to Invest in Fort Lauderdale, Florida - Harbor Beach

Harbor Beach, an exclusive enclave nestled along the picturesque coastline of Fort Lauderdale, has emerged as a prime destination for Airbnb and short-term rental investments. This upscale neighborhood offers a perfect blend of luxury living, stunning beaches, and convenient access to the city's vibrant attractions, making it an attractive option for discerning investors seeking to capitalize on the growing demand for high-end and luxurious vacation rentals.

Harbor Beach Airbnb Market Data:

• Average Revenue – $K per year
• Average Daily Rate – $806.1 per night
• Average Occupancy Rate – 57%
• Average RevPAR – $462.3

Convenience - 8/10

Harbor Beach's prime location offers unparalleled convenience for both residents and visitors. This neighborhood is situated just minutes from the Fort Lauderdale-Hollywood International Airport and Port Everglades and provides easy access to major transportation hubs. The nearby 17th Street Causeway connects Harbor Beach to the mainland, ensuring quick trips to downtown Fort Lauderdale and other popular destinations.

Tourist Attractions - 7/10

While Harbor Beach itself is primarily a residential area, its proximity to popular tourist attractions is a significant advantage. The neighborhood's pristine private beach is a major draw for visitors seeking a luxurious and secluded seaside experience. Just a short drive away, Las Olas Boulevard offers a vibrant array of shops, restaurants, and art galleries, while the historic Bonnet House Museum & Gardens provides a glimpse into Fort Lauderdale's rich cultural heritage.

Things to Do - 7/10

Harbor Beach offers a range of activities for residents and visitors alike. The neighborhood's private beach is perfect for sunbathing, swimming, and water sports. The nearby Hugh Taylor Birch State Park features hiking trails, kayaking, and picnicking opportunities. For those seeking a more laid-back experience, the Harbor Beach Marriott Resort & Spa offers luxurious amenities, including a full-service spa, multiple dining options, and a private marina.

Average Home Prices - 9/10

According to Zillow data for 2024, the average home value in Harbor Beach is approximately $2,500,000. While this may seem steep compared to other areas in Fort Lauderdale, it's important to note that Harbor Beach has experienced a steady appreciation rate of 6% over the past year. This trend indicates a strong and stable real estate market, making it an attractive option for investors seeking to purchase high-end vacation rental properties with the potential for long-term growth and returns.

Proximity to Work-Related Travel - 7/10

Harbor Beach's location makes it a convenient choice for work-related travel. The neighborhood's proximity to the Fort Lauderdale-Hollywood International Airport and Port Everglades is a significant advantage for business travelers and cruise ship passengers. Additionally, the nearby Broward County Convention Center and the downtown business district are easily accessible, making Harbor Beach an attractive base for professionals attending conferences and meetings.

X-Factor - 9/10

What sets Harbor Beach apart is its unparalleled combination of luxury, privacy, and natural beauty. The neighborhood's stunning waterfront homes and exclusive private beach create an atmosphere of sophistication and tranquility that is highly desirable among affluent travelers. The presence of the Harbor Beach Marriott Resort & Spa adds to the area's allure, offering visitors a taste of the high-end lifestyle that defines this prestigious enclave. For Airbnb and short-term rental investors, Harbor Beach presents a unique opportunity to cater to a discerning clientele seeking the ultimate in luxury and relaxation.

5. Top Place to Invest in Fort Lauderdale, Florida - Wilton Manors

Wilton Manors, a vibrant and inclusive city in Fort Lauderdale's heart, has emerged as a top destination for Airbnb and short-term rental investments. Known for its thriving LGBTQ+ community, diverse entertainment options, and convenient location, Wilton Manors offers a unique and attractive opportunity for savvy investors looking to capitalize on the growing demand for vacation rentals in this dynamic area.

Wilton Manors Airbnb Market Data:

• Average Revenue – $85.3K per year
• Average Daily Rate – $396.3 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $232.7

Convenience - 9/10

Wilton Manors boasts an unbeatable location between Fort Lauderdale and Oakland Park. The city's compact size and well-connected transportation options make navigating incredibly easy. The Wilton Drive Arts and Entertainment District, the city's main thoroughfare, is lined with shops, restaurants, and bars, all within walking distance. Additionally, Wilton Manors is just minutes away from the Fort Lauderdale-Hollywood International Airport and the beautiful beaches of Fort Lauderdale, making it a convenient base for visitors.

Tourist Attractions - 8/10

While Wilton Manors may not have traditional tourist attractions, its unique character and vibrant atmosphere are a major draw for visitors. The city is known for its thriving LGBTQ+ community and is home to numerous gay-owned businesses, including bars, clubs, and restaurants. The Wilton Drive Arts and Entertainment District hosts various events throughout the year, such as the Stonewall Pride Parade and the Wilton Manors Oktoberfest, attracting diverse visitors.

Things to Do - 8/10

Wilton Manors offers a wide range of activities and experiences for residents and visitors alike. The city's parks, including Richardson Historic Park, Nature Preserve, and Colohatchee Park, provide outdoor recreation and relaxation opportunities. The Wilton Drive Arts and Entertainment District is a hub of activity, with numerous bars, clubs, and restaurants offering live music, drag shows, and other entertainment. The city also has a thriving arts scene, with several galleries showcasing the work of local artists.

Average Home Prices - 7/10

According to Zillow data for 2024, the average home value in Wilton Manors is approximately $450,000. While this may seem high compared to some areas, it's important to note that property values in Wilton Manors have been steadily increasing, with a 4% appreciation rate over the past year. This trend indicates a strong and stable real estate market, which is great news for investors looking to purchase a property to transform into an Airbnb rental.

Proximity to Work-Related Travel - 8/10

Wilton Manors' central location makes it a convenient choice for work-related travel. The city is close to major hospitals, the Broward County Convention Center, and the Fort Lauderdale-Hollywood International Airport. This proximity attracts business travelers, medical professionals, and conference attendees, providing a consistent demand for corporate rentals throughout the year.

X-Factor - 9/10

What sets Wilton Manors apart is its welcoming and inclusive atmosphere, particularly for the LGBTQ+ community. The city's vibrant nightlife, diverse entertainment options, and strong sense of community create a unique and desirable destination for visitors. Wilton Manors' commitment to diversity and inclusion, coupled with its convenient location and thriving arts and entertainment scene, make it an attractive option for Airbnb investors looking to cater to a diverse and loyal clientele.

6. Top Place to Invest in Fort Lauderdale, Florida - Lauderdale Isles

Lauderdale Isles, a hidden gem in the heart of Fort Lauderdale, has emerged as a promising destination for Airbnb and short-term rental investments. This charming waterfront community offers a perfect blend of tranquility, convenience, and access to the city's vibrant attractions, making it an attractive option for investors seeking to capitalize on the growing demand for vacation rentals in a peaceful yet well-connected neighborhood.

Lauderdale Isles Airbnb Market Data:

• Average Revenue – $95K per year
• Average Daily Rate – $448.8 per night
• Average Occupancy Rate – 58%
• Average RevPAR – $258.4

Convenience - 7/10

Lauderdale Isles' location provides a balance of serenity and accessibility. Situated just off the bustling State Road 84, this neighborhood offers easy access to major highways, connecting residents and visitors to the rest of Fort Lauderdale and beyond. While the community is primarily residential, a short drive brings you to various shops, restaurants, and services catering to everyday needs.

Tourist Attractions - 6/10

Although Lauderdale Isles is not known for its tourist attractions, its proximity to popular destinations is a significant advantage. The famous Fort Lauderdale Beach is just a 15-minute drive away, offering visitors a chance to enjoy the sun, sand, and surf. The nearby Las Olas Boulevard, with its array of boutiques, art galleries, and dining options, provides a taste of Fort Lauderdale's vibrant culture and nightlife.

Things to Do - 7/10

Lauderdale Isles' main draw is its picturesque waterfront setting, which offers a range of outdoor activities for residents and visitors alike. The neighborhood's network of canals provides opportunities for boating, kayaking, and fishing, allowing guests to enjoy the area's tranquil beauty. The nearby Snyder Park offers hiking trails, picnic areas, and a disc golf course, perfect for those seeking a break from the hustle and bustle of the city.

Average Home Prices - 8/10

According to Zillow data for 2024, the average home value in Lauderdale Isles is approximately $550,000. While this may seem high compared to some areas, it's important to note that waterfront properties in this neighborhood command a premium. Lauderdale Isles has experienced a steady appreciation rate of 4% over the past year, indicating a stable and growing real estate market, which is crucial for Airbnb investors seeking long-term returns.

Proximity to Work-Related Travel - 6/10

Lauderdale Isles' location offers a moderate level of convenience for work-related travel. While the neighborhood is not in the immediate vicinity of major business districts or conference centers, it is within a reasonable driving distance. The Fort Lauderdale-Hollywood International Airport is approximately a 20-minute drive away, making it accessible for travelers. However, investors should consider that the neighborhood's appeal lies primarily in its residential charm rather than its business-travel potential.

X-Factor - 8/10

What sets Lauderdale Isles apart is its unique combination of waterfront living and small-town charm, all within the heart of Fort Lauderdale. The neighborhood's winding canals and well-maintained homes create a picturesque and inviting atmosphere that is highly desirable among visitors seeking a peaceful retreat. The strong sense of community and the opportunity to experience a slice of local life add to the area's appeal, making it an attractive option for Airbnb investors looking to offer their guests a unique and memorable stay.

7. Top Place to Invest in Fort Lauderdale, Florida - Imperial Point

Imperial Point, a hidden gem nestled in the heart of Fort Lauderdale, has emerged as a promising destination for Airbnb and short-term rental investments. This quaint, family-friendly neighborhood offers a perfect blend of residential charm, convenient location, and access to a wide range of amenities, making it an attractive option for investors seeking to capitalize on the growing demand for vacation rentals in a peaceful yet well-connected community.

Imperial Point Airbnb Market Data:

• Average Revenue – $128.2K per year
• Average Daily Rate – $605.4 per night
• Average Occupancy Rate – 58%
• Average RevPAR – $349.2

Convenience - 8/10

Imperial Point's strategic location is one of its greatest assets. This neighborhood is situated just minutes from the Fort Lauderdale-Hollywood International Airport and Port Everglades and provides easy access to major transportation hubs. The nearby I-95 and US-1 highways connect Imperial Point to the rest of Fort Lauderdale and beyond, making it a convenient base for exploring the city's attractions. The neighborhood also boasts a variety of shops, restaurants, and services, ensuring that residents and visitors have everything they need within reach.

Tourist Attractions - 6/10

While Imperial Point itself is primarily a residential area, its proximity to popular tourist destinations is a significant advantage. The famous Fort Lauderdale Beach is just a short drive away, offering visitors a chance to soak up the sun and enjoy various water activities. The nearby Las Olas Boulevard, known for its upscale boutiques, art galleries, and dining establishments, provides a taste of Fort Lauderdale's vibrant culture and nightlife.

Things to Do - 7/10

Imperial Point offers a range of activities for residents and visitors alike. The neighborhood's tree-lined streets and well-maintained sidewalks encourage walking and biking, allowing guests to explore the area's charming ambiance. The nearby Imperial Point Park features a playground, basketball courts, and a walking trail, perfect for families and fitness enthusiasts. For those seeking a more laid-back experience, the Imperial Point Medical Center hosts regular community events, such as farmers markets and health fairs.

Average Home Prices - 7/10

According to Zillow data for 2024, the average home value in Imperial Point is approximately $450,000. While this may seem high compared to some areas, it's important to note that Imperial Point has experienced a steady appreciation rate of 3% over the past year. This trend indicates a stable and growing real estate market, which is crucial for Airbnb investors seeking long-term growth and returns.

Proximity to Work-Related Travel - 8/10

Imperial Point's location makes it a convenient choice for work-related travel. The neighborhood is just minutes away from the Fort Lauderdale Executive Airport, which caters to private and corporate aviation. The nearby Cypress Creek business district, home to numerous corporate offices and business parks, is easily accessible via major highways. Additionally, the Broward County Convention Center and the downtown business district are within a short drive, making Imperial Point an attractive base for professionals attending conferences and meetings.

X-Factor - 7/10

What sets Imperial Point apart is its strong sense of community and family-friendly atmosphere. The neighborhood's well-maintained homes, quiet streets, and abundant green spaces create a welcoming environment that appeals to visitors seeking a peaceful and comfortable stay. The presence of the Imperial Point Medical Center adds to the area's allure, providing a sense of security and convenience for guests. For Airbnb investors, Imperial Point presents an opportunity to cater to families, business travelers, and those seeking a tranquil retreat in Fort Lauderdale's heart.