Parkland Real Estate Stats
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Parkland Community Information
Parkland has 1 main street going East to West through the city, with most of the neighborhoods situated off that main street (Holmberg Rd). It can be divided into East and West Parkland, with the homes on the East side of town (East of University Dr) typically being a little older, but having larger lots and lower HOA fees. The side streets off both the North and South side of Holmberg Road are a neighborhood called Pine Tree Estates which actually have no HOA and have lots that are typically about 1.09 Acres.
On the West side of Parkland, you find many gated neighborhoods with all the amenities a growing family could want. Depending on your budget, you can find a neighborhood and home that is right for you. Whether you want a high-end luxury, country club lifestyle in Parkland Golf & Country Club, a mid-range gated neighborhood with tons of amenities like Heron Bay, or a lower maintenance gated neighborhood like Fox Ridge or Parkland Isles, there is a lifestyle and neighborhood for everyone!
Parkland is known for its education - in fact the A-Rated schools are the main draw to the city. There are 3 elementary schools (Riverglades Elementary, Heron Heights Elementary, and Park Trails Elementary), 1 middle school (Westglades Middle School), 1 high school (Stoneman Douglas High School), as well as a brand new K-8 Charter school (Somerset Academy). The Broward County School Board also owns a large plot of land on the North West part of town just outside the Cascata neighborhood that could be used for more schools in the future as the city's population continues to grow - although there are no plans currently for rezoning or new schools.
Living in Parkland, FL
Parkland has a population of over 34,000 people making it a medium-sized city in Florida. Much of the housing stock in Parkland was built relatively recently and the city tends to be one of the most affluent areas in all of Florida, if not the entire country, with a median household income is $240,208 for a family of four.
Parkland home prices are not only among the most expensive in Florida, but Parkland real estate also consistently ranks among the most expensive in America.
Parkland is mostly a white-collar city with almost 93% of people employed in traditionally white-collar jobs, well above the national average. Over 22% of residents in Parkland have a managerial job, with another 14% working in business or finance, and over 13% in some sort of sales role. Parkland also has more people living here who work in computers and math than 95% of the places in the US.
A relatively large number of people in Parkland work remotely now with almost 18% of people working from home. This makes for a large demand in homes with a home office area.
Parkland is a good choice for families with children because of the city’s good public school district, and because there is a large population of college-educated adults providing an environment conducive to academic success.
Finally, Parkland’s overall crime rate is lower than average for the country.
Almost 63% of Parkland adults have a 4-year college degree, masters degree, MD, law degree, or even PhD compared to the national average of 22% for all cities.
Parkland, FL Real Estate Market Trends
Parkland is mostly single-family homes 9,819 houses or apartments, and a median cost of homes of $1,057,107, Parkland house prices are not only among the most expensive in Florida, Parkland real estate also is some of the most expensive in all of America.
Parkland has mostly larger single family homes with four or more bedrooms; In fact, there is a higher proportion of four, five or more bedroom homes in Parkland than is found in 98% of the communities in America. Over 83% of the homes in Parkland are owner-occupied.
Over 60% of Parkland's homes were built after 2000, making the city have a very new look and feel and the city is known for its gated neighborhoods with luxurious amenities. But not all the homes in Parkland are brand new. About 37% of the homes in Parkland were built between 1970 - 1999.
YOUR PARKLAND, FL REAL ESTATE QUESTIONS ANSWERED
Are you thinking of moving to South Florida? If so, Parkland may be the right place for you.
Parkland is one of the most lucrative and desirable locations for property investments in South Florida. With its top-rated schools and growing economy, Parkland is an attractive location for those looking to start or raise a family.
Whether you’re looking for a family-friendly suburban environment or an active lifestyle with access to great shopping, dining, and entertainment, Parkland has it all.
In this blog post, we’ll answer some of the most common questions about real estate in Parkland so that you can make an informed decision about your next move.
What Do You Need To Know About Parkland, FL?
Parkland is a suburb of Fort Lauderdale in Broward County and is one of the top places to live in South Florida. As of July 2021, it has a growing population of 35,265 people from all walks of life. Situated near Boca Raton and Coral Springs, Parkland is a vibrant residential hub with many parks, trails, and activities for people of all ages.
Living in Parkland offers a rural lifestyle with the convenience of being close to major cities. It’s also one of the safest cities in Florida, offering excellent public safety services and a crime index below the national average. The city is also known for its top-rated schools, making it an ideal place for families to grow and flourish.
Parkland is a relatively small suburban city but has no shortage of amenities. The city is home to several shopping centers, parks, and restaurants. Being close to the beach, you can enjoy various water activities with your family and friends. It’s also home to many equine facilities and is an incredible location for raising horses.
Employment opportunities are also plentiful in Parkland. The city’s economy is growing and is expected to continue to grow, with plenty of new businesses opening in the area.
How Much Do Houses Cost in Parkland, FL?
Most Parkland residents own their homes, with approximately 86 percent owning their homes compared to 14 percent renting. The median home value in Parkland is currently $$1,047,500 as of February 2023, while the median rent is roughly $4,500.
Parkland offers plenty of housing options for buyers and renters. Homes come in various styles and sizes, ranging from luxury estates & spacious single-family homes as well as a variety of condos, apartments, or townhouses available for rent in the area, perfect for those looking to downsize or get into the real estate market but who don’t have the budget for a full-sized house.
The housing market in Parkland is always competitive. There are many homes on the market, ranging from $439,000 to $6 million. Meanwhile, the median listing price is around $1.2 million. There are also dozens of rental spaces in Parkland, ranging from $3,000 to $13,000 per month.
With so many options available, prospective buyers have the leverage to negotiate prices on homes and get amazing deals. In January 2023, buyers were purchasing homes that were 6.12 percent below their asking price on average. This is good news for those looking to move to Parkland — right now is an excellent time to purchase a home in the area.
The average days on the market for Parkland homes is around 56 days right now. This gives buyers plenty of time to find the perfect living space. However, if you’re looking to buy a home in Parkland, it’s crucial to act quickly since many of the most desirable properties are swiftly taken.
How Does the Economy of Parkland, FL Look Like?
Parkland’s economy is growing, with many new businesses, developments, and construction projects. The city’s median household income is $126,905 annually, more than double the $53,482 yearly national average. Additionally, the unemployment rate is 3.2 percent, almost half the national average of 6 percent.
Parkland has also experienced an increase in the job market over the past year by 1.9 percent. Future job growth is expected to be around 48.4 percent over the next decade, higher than the national average of 33.5 percent.
The top industry in Parkland is professional, scientific, and technical services, followed by healthcare and social assistance, then finance and insurance. These industries provide jobs for many of the city’s residents and help drive the local economy forward. The top-paying industries are information services and data processing, utilities, administration and support, and waste management services.
What Is the State of Living in Parkland, FL?
Parkland is an excellent place to live. The suburban city offers a small-town atmosphere and beautiful landscapes while providing access to big-city amenities. Residents can enjoy world-class shopping centers, entertainment venues, and outdoor activities.
The cost of living in Parkland is slightly higher than the national average, but that is to be expected given that it’s an affluent area. However, the sales tax rate is lower than the national average, at 6 percent, compared to the 7.3 percent national rate. A perk of living in Florida is that there’s no state income tax, compared to the 4.6 percent national average.
Most Parkland residents own cars, with an average of two vehicles per Parkland household. Most workers use their cars to commute, while others carpool. The average commute time is 30.4 minutes, slightly longer than the national average of 26.6 minutes.
Is Parkland, FL a Diverse City?
Parkland is a diverse city that offers residents a unique mix of cultures, languages, and backgrounds. In 2020, the racial and ethnic groups in the city population were as follows:
- White and Non-Hispanic (63.2 percent)
- White and Hispanic (13.3 percent)
- Black or African American and Non-Hispanic (8.02 percent)
- Asian and Non-Hispanic (7.89 percent)
- Multiracial and Non-Hispanic (3.49 percent)
The rate of foreign-born citizens in Parkland is 23.4 percent. This indicates that many people have recently moved to the area for work or other reasons, which helps contribute to the city’s diversity and rich culture.
What Neighborhoods Are in Parkland, FL?
Parkland has a variety of different neighborhoods, each with unique characteristics. The city is divided into several sections, including:
- Cypress Cay
- Fox Ridge
- Grand Cypress Estates
- Heron Bay
- Parkland Estates
- Parkland Isles
- Pinetree Estates
- Tall Pines
- Meadow Run
- Water’s Edge
- Whittier Oakss
Each neighborhood has a different atmosphere, from the family-friendly settings of Cypress Cay and Fox Ridge to the more luxurious settings of Grand Cypress Estates and Heron Bay.
Regardless of what kind of home and lifestyle you are looking for, there is something for everyone in Parkland, Florida.
What Are Some Great Schools in Parkland, FL?
Parkland is home to some of the best schools in the state, including the following.
- Heron Heights Elementary School
- Park Trails Elementary School
- Park Springs Elementary School
- Riverglades Elementary School
- Westglades Middle School
- Marjory Stoneman Douglas High School
- Kol Tikvah
- Mary Help of Christians Catholic School
- Somerset Academy Parkland
Broward County Public Schools operate all public schools in Parkland. The district has an excellent reputation for providing students with a quality education and the opportunity to excel in many areas.
What Areas Are Near Parkland, FL?
Parkland is in the heart of Broward County and is just north of Miami. This makes it convenient for residents to commute to the many amenities in South Florida. It’s close to some great cities and attractions, such as:
- Boca Raton
- Coral Springs
- Pompano Beach
- Fort Lauderdale
Moreover, Parkland is only about 30 minutes from the Fort Lauderdale-Hollywood International Airport and an hour from the Miami International Airport.
Is Parkland, Florida in a Flood Zone?
Yes, Parkland is located in a high-risk flood zone. The area is subject to flooding due to its proximity to the Everglades and low elevation, and it’s also close to the Atlantic Ocean, which can cause storm surges.
Many neighborhoods in Parkland are located in or near the Special Flood Hazard Area (SFHA) and may require flood insurance, which most homeowners’ insurance policies do not cover. Fortunately, the city participates in the National Flood Insurance Program (NFIP), making it easier and more affordable for Parkland homeowners to obtain flood insurance coverage.
The city also has a variety of ordinances that help protect against flooding and storm damage. These include regulations on building structures, drainage systems, and stormwater management.
Parkland homeowners should be aware of the risk of flooding and take steps to protect their property from floods and other natural disasters. Aside from purchasing flood insurance, they may also consider investing in quality home construction materials and installing sump pumps or other systems that can help prevent water damage.
Parkland Home Appreciation Rates
In the last 10 years, Parkland has experienced some of the highest home appreciation rates of any community in the nation with over 103% appreciation in the last 10 years. This makes Parkland in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Parkland definitely has a track record of being one of the best long term real estate investments in America.
Parkland, FL Real Estate Agents
Allow our Parkland real estate team to guide you through the purchase of your new property or through the sale of your current residence today! As local real estate agents, we know the unique market dynamics of Parkland real estate.
To learn more about agent representation while buying or selling, contact The Mandel Team. Selling your Parkland home? Check out our market analysis page for a free home value estimate within minutes!
Parkland Real Estate FAQ's
1. Where is Parkland, FL
- Parkland is located in the North West part of Broward County, just north of the Sawgrass Expressway. It extends from the Everglades in the West over to 441 as the Eastern boundary.
2. How far is Parkland from the beach?
- Because South Florida has so many beaches this question can vary depending on which beach you prefer. The closest public beach would be Deerfield Beach that has a large pier and lots of restaurants up and down the boardwalk for people to enjoy. Because of Parkland's proximity to the Sawgrass, you can either hop on and take that all the way East or you can shoot up Hillsboro Blvd and get right to the beach. Either way, the drive is usually about 20-25 minutes from your house to have your feet in the sand - give or take time for parking!
3. Is Parkland, FL a good place to live?
- Parkland is a fantastic family-friendly community and an excellent place to raise your kids, but it's also a great place to retire. Many residents didn't want to move away from their families who also live in Parkland as they retired, and there are now a few 55+ communities right in Parkland making it great for people of all ages!
4. How far is Parkland from Boca Raton or Miami?
- This can vary depending on many things including time of day, as well as exactly where in Boca Raton or Miami you are actually going. Many residents of Parkland travel to work in Miami or Fort Lauderdale every day, and because you have such easy access to the Sawgrass Expressway, you can really get anywhere you need to go. It's about 1 hour (give or take with traffic) to Miami, 30 minutes to Fort Lauderdale, and about 15-25 minutes if you are getting all the way to Downtown or East Boca.
Parkland, Florida is an attractive city for many reasons. With its excellent schools, diverse neighborhoods, and proximity to popular South Florida attractions, it’s easy to see why Parkland is such a desirable place to live.
However, potential homeowners should be aware of the risk of flooding in the area and take steps to protect their property adequately. Investing in flood insurance and ensuring that homes are built to withstand floods can help keep Parkland residents safe and secure during times of natural disaster.
Prospective Parkland homebuyers should also take advantage of the current buyer’s market to get the most value for their money when purchasing a home in Parkland. With so many great housing options and amenities, Parkland is an excellent choice for anyone looking to make Florida their home.
If you’re looking for a safe, family-friendly community with plenty of attractions nearby, Parkland may be the perfect place for you!