At Least We’re Not the Most Expensive: Miami–Fort Lauderdale Ranks #24 in U.S. Real Estate Prices

Do you ever hear people say, “South Florida is just too expensive”? Let’s set the record straight with some fresh perspective.

According to a new ranking of the nation’s priciest housing markets, the Miami–Fort Lauderdale–West Palm Beach metro came in at number twenty-four — with a median price of about $646,000. Yes, that’s a serious number… but here’s the kicker: we’re not even close to the top.

Who Beat Us Out?

If you thought Fort Lauderdale or Miami would top the list, think again. Naples and Marco Island grabbed the crown for Florida, with a median home price of over $1 million. That’s nearly double what we’re seeing across our metro.

Across the country, other hot markets like San Jose, San Francisco, and Honolulu all ranked higher than South Florida, proving that while our region is competitive, it’s not the most expensive playground out there.

Why This Matters to You

Median prices can be intimidating, but they don’t tell the full story. Real estate is hyper-local. In Fort Lauderdale, Wilton Manors, Oakland Park, and Pompano Beach, you’ll find a wide range of options — from condos under $300,000 to waterfront estates well into the millions. The key is knowing where to look and how to strategize.

Being ranked number twenty-four means two important things:

• You’re still investing in one of the nation’s most desirable markets.
• There’s room to grow compared to markets that have already hit the top tier.

The Silver Lining in South Florida

Yes, housing affordability is a challenge — and it’s something we talk about with clients every day. But remember, people are moving here for more than just square footage. They’re buying sunshine, access to beaches, nightlife, culture, and a year-round lifestyle you simply can’t match in colder markets.

So when you see that $646,000 number, take it with context. We’re living in a competitive market, but at least we’re not Naples-level expensive. That makes South Florida real estate a bit more approachable — especially if you’re working with the right strategy.

Navigating Your Options

Whether you’re looking to downsize, trade up, or invest, the number one mistake is assuming averages tell the whole story. I guide my clients through the actual neighborhoods and property types that match their goals and budget. That’s how you turn big headlines into real opportunities.

If you’re curious where your home fits into this picture, or what your buying power looks like right now, let’s have that conversation. It’s the first step in moving from “market headlines” to your own successful real estate story.

TL;DR Summary

• Miami–Fort Lauderdale–West Palm Beach ranked #24 in the U.S. for home prices.
• Median price here: about $646,000.
• Naples and Marco Island are Florida’s most expensive markets — over $1M.
• South Florida is competitive, but still more affordable than many coastal metros.
• Your experience depends on strategy, neighborhood, and timing.

About Scott Morreau

Scott Morreau, PA is a top-rated Realtor® and Broker Associate with Real Broker, LLC, specializing in residential real estate in Fort Lauderdale, Wilton Manors, Oakland Park, Pompano Beach, Dania Beach, and Broward County. Licensed since 2001 and active in South Florida since 2006, Scott has closed over $52 million in Florida real estate, including $7.1 million in the past year alone.

Ranked among the top 500 agents in the region with 70+ five-star reviews, Scott is a trusted resource for luxury and waterfront homes, investment deals (including 1031 exchanges), relocation, and LGBTQ+ clients. He is known for concierge-level preparation, expert market insight, and a client-first approach he calls A Better Real Estate Experience.

📲 Call or text Scott at (954) 562-5111 or visit Scott Morreau PA - Top Realtor Wilton Manors & Fort Lauderdale Real Estate

All statistics, figures, and market data cited in this post are drawn from reputable sources such as NAR, Florida Realtors®, MLS data, Redfin, government property records, or reputable media outlets. Data is deemed reliable but not guaranteed.

This article was drafted with the assistance of AI technology and may contain errors or omissions. For the most accurate and personalized guidance, please contact me directly.