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Hollywood real estate market overview
- Average Monthly Rent: $1,986
- Home Price/Value Percentage Change: 10.00%
- Median Home Value: $430,293
- Best Time To Sell a Home: March
- Affordability Index: Moderate
- Days To Sell a House: 66
- Job Market: Fair
- Public School Ranking: 18
Location and weather
Hollywood is located on the east coast of Florida in Broward County, between Fort Lauderdale and Miami. This beachfront community possesses over 60 parks, several golf courses and up to seven miles worth of beaches along the Atlantic Ocean for residents and tourists alike to enjoy. Hollywood also has over 40 public, charter and private schools. Barry University and Nova Southeastern University are two of the nationally acclaimed schools located here.
This cultural city has the ideal beach weather for the majority of the year, with clear skies and almost 250 days of sun. Hollywood's most pleasant months are said to be February, March and December.
Population, job market and cost of living
Hollywood has a population of 156,757, with a growth rate of 0.79%.
The job market has decreased by -7.72% over the last year. In ten years, job growth is predicted to be 41.19%. There are over 10,000 different companies flourishing in this city. One of which is the Royal Caribbean cruise line that docks at Port Everglades. This city is home to the Memorial Healthcare System, which is the fifth-largest healthcare network in the nation. In turn, healthcare is the leading industry here, with tourism, aerospace, business services and national trade following closely behind.
Hollywood's a fairly expensive place to live, with a cost of living higher than Florida's average.
Hollywood real estate market details
- Hollywood South Central Beach
- Hollywood Hills
- Highland Gardens
- Hollywood Lakes
The average monthly rent in Hollywood is $1,986 for an average apartment size of 882 sq. feet.
There has been a 10.0% increase in Hollywood's median home value over the last year. As of 2023, the median home value is $430,293.
On average, homes in Hollywood sell after 66 days on the market.
In Hollywood, the month of March can provide homeowners with the highest valued sale and the month of April can provide the fastest sale.
The affordability index in Hollywood is 113. This number indicates moderate affordability in this city.
The top ranked public schools are Beachside Montessori Village, Hollywood Academy of Arts and Science Middle School, Sheridan Technical College, Ben Gamla Charter School North Campus. This information is based on data from The US Department of Education, The US Census Bureau and the Florida Department of Education.