Davie, FL—33328
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Davie, FL
As of Oct '25, the median home price in Davie, FL is $623,000, with a year-over-year change of -2.9%. This indicates that home prices in Davie, FL are decreasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $623,000 | -2.9% |
| Single Family | $660,000 | -3.4% |
| Condos | $249,000 | -11.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $194,000 | -10.2% |
2 Bed | $354,000 | -5.6% |
3 Bed | $592,000 | -2.8% |
4 Bed | $804,000 | -2.0% |
| 5 Bed | $1,533,000 | -2.1% |
% of Housing Stock
Rental Trends — Davie, FL
As of July '25, Rentcast reports the average rent in Davie, FL is $3,040, with a year-over-year rent change of -6.7%. Per bedroom, the median rent as of July '25 in Davie, FL is studios: $1,620, 1-bedrooms: $1,910, 2-bedrooms: $2,470, 3-bedrooms: $3,480, 4-bedrooms: $5,460. The most common rental property sizes in Davie, FL are 2-bedroom and 3-bedroom, accounting for 52.9% and 24.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,650 | $3,040 |
| Studio Rent | $1,500 | $1,620 |
| 1 Bed Rent | $1,900 | $1,910 |
| 2 Bed Rent | $2,400 | $2,470 |
| 3 Bed Rent | $3,500 | $3,480 |
| 4 Bed Rent | $4,700 | $5,460 |
% of Rental Stock
Property Listings — Davie, FL
As of Oct '25, Realtor.com reports that the median days on market for a home in Davie, FL is 78. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $585,000 | -3.0% |
Listing Count | 187 | 38.0% |
| Listings as % of Homes | 0.8% | 38.0% |
Days on Market | 78 | 37.0% |
Demographics — Davie, FL
As of the latest ACS Survey released in 2023, Davie, FL has a population of 29,400, which has increased by 2.1% over the past 5 years. Davie, FL is a moderately popular place for families, as children make up 22.1% of the population. The area has a highly educated workforce, with 47.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 29,400 | 2.1% |
% Under 18 | 22.1% | -2.2% |
% Seniors | 14.3% | 10.0% |
% WFH | 13.8% | 146.4% |
% w/ College Degree | 47.7% | 10.9% |
As of the latest ACS Survey released in 2023, Davie, FL is a predominantly white area, with 53.2% of the population identifying as white. The white population has shrunk by 12.8% in the last 5 years. The second most common race or ethnicity in Davie, FL is hispanic, making up 31.2% of the population. Foreign-born residents account for 23.4% of the population in Davie, FL, and this percentage has increased by 12.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 53.2% | -12.8% |
% Black | 5.1% | 8.5% |
% Hispanic | 31.2% | 19.5% |
% Asian | 6.3% | 5.0% |
% Foreign Born | 23.4% | 12.5% |
Mortgage and Risk — Davie, FL
According to HUD data as of 2023, there were 437 mortgage originations in Davie, FL, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Davie, FL. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 437 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Davie, FL
As of 2024, the percent of homes in Davie, FL under the Section 8 program is 5.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Davie, FL, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 119 |
Total Units Section 8 | 119 |
% Rentals under Section 8 | 5.6% |
% Occupied Section 8 | 95.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,900 | $2,270 |
| 2 Bedroom | $410 | $2,400 | $2,810 |
| 3 Bedroom | $380 | $3,500 | $3,880 |
| 4 Bedroom | $20 | $4,700 | $4,720 |
Affordability — Davie, FL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $623,000 |
| Median Household Income | $127,000 |