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Fort Lauderdale vs Miami for Rental Property Investing

Side-by-side comparison of Fort Lauderdale, FL and Miami, FL — cap rates, rent, prices, and investment metrics.

Fort Lauderdale wins 5–2 across key metrics
Fort Lauderdale leads on cash flow (3.45% vs 2.91% cap rate) · Miami leads on population growth
Metric
Fort Lauderdale, FL
Miami, FL
Est. Cap Rate
3.45%
2.91%
Median Home Price
$445,000
$520,000
Median Monthly Rent
$2,000
$2,100
1% Rule
0.45%
0.40%
GRM
18.5x
20.6x
Price / Income
8.5x
11.8x
Property Tax Rate
0.88%
0.89%
Vacancy Rate
4.9%
5%
Population Growth
1.1% / yr
1.2% / yr
Annual Appreciation
4.3%
4.5%
Population
186,220
467,963
Median Income
$52,400
$44,200

Fort Lauderdale vs Miami: Which Is Better for Investors?

Cash flow: Fort Lauderdale has the edge with an estimated cap rate of 3.45% compared to Miami's 2.91%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $445,000 in Fort Lauderdale vs $520,000 in Miami, while rents come in at $2,000/mo and $2,100/mo respectively.

Growth & appreciation: Miami is growing faster at 1.2% annually vs Fort Lauderdale's 1.1%. Miami leads on home value appreciation at 4.5% per year.

Costs & risk: Property taxes are 0.88% in Fort Lauderdale vs 0.89% in Miami. Vacancy rates of 4.9% and 5% are both healthy, suggesting strong tenant demand in both markets.

Bottom line: Fort Lauderdale edges out Miami on most key metrics. While cap rates are moderate at 3.45%, Fort Lauderdale's overall profile is stronger. Use our free calculators to model specific deals in Fort Lauderdale or Miami.

Fort Lauderdale, FL
3.45% cap rate · $445,000 median · $2,000/mo
Full analysis →
Miami, FL
2.91% cap rate · $520,000 median · $2,100/mo
Full analysis →
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