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    AI-Generated Neighborhood Summary

    NE 2nd St in Fort Lauderdale, FL 33301, is located in a vibrant area known as Las Olas, which is central to downtown Fort Lauderdale. This area is well-regarded for its mix of residential, commercial, and entertainment options. The crime rate in this part of Fort Lauderdale is generally considered moderate, with a mix of urban and suburban elements contributing to safety perceptions. The area falls within the Broward County School District, which has a diverse range of schools with various ratings. Nearby schools include Virginia Shuman Young Elementary and Fort Lauderdale High School, which have received positive feedback from the community.

    The neighborhood offers various amenities, including parks such as Holiday Park and Hugh Taylor Birch State Park, which are great for outdoor activities. Las Olas Boulevard is a popular tourist attraction, known for its shops, restaurants, and art galleries. Nearby grocery stores include Publix and Whole Foods Market, providing convenient options for residents. The location is also near cultural attractions like the Museum of Discovery and Science and the Broward Center for the Performing Arts.

    The average household income in this area and nearby neighborhoods like Victoria Park and Rio Vista can be higher than the national average, reflecting its status as a desirable location. Fort Lauderdale has experienced job growth, particularly in sectors such as tourism, marine industries, and technology. The proximity to Fort Lauderdale-Hollywood International Airport and Port Everglades further supports economic activity and employment opportunities. Overall, NE 2nd St offers a blend of urban amenities with a community feel, making it an attractive place for residents and visitors alike.

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    Neighborhood Insights
    Key metrics about this location

    Neighborhood Summary

    Nestled in a serene setting, this neighborhood presents an intriguing blend of stability and opportunity, reflected through its diverse array of demographic and economic indicators. With a median home price of $481,900, it places itself slightly above the national median, indicating a community that values quality and comfort in its housing options. The median household income stands robustly at $111,643, significantly surpassing the national average, which speaks to the affluence and economic vitality of the residents. Impressively, the area boasts a low poverty rate of just 3%, a stark contrast to higher figures seen across the country, suggesting a well-off community where economic hardships are less frequent.

    However, some metrics reveal areas of concern, such as the percentage of vacant housing units at 31%, which is notably higher than the national average. This could potentially impact the neighborhood's dynamics, reflecting instability or a transient population. The balance between owners and renters is tilted, with only 24% ownership compared to 44% renters. This, combined with a substantial portion of vacant housing, could indicate an opportunity for investment in developing more stable, owner-occupied housing. On the upside, the unemployment rate stands at a remarkably low 1%, highlighting a community with ample employment opportunities and economic resilience.

    The educational attainment, with 23% holding a college degree, falls under the national average, suggesting potential areas for growth in educational facilities and opportunities. Meanwhile, the percentage of married-couple families is equally 23%, which is lower when compared to more family-centric neighborhoods, possibly due to the higher renter occupancy. A notable 35% of homeowners are without mortgages, reflecting a segment of financially secure residents, yet 31% of those with mortgages are allocating over 30% of their income towards it, indicating a potential burden similar to national statistics.

    For potential homebuyers or investors seeking neighborhoods with similar price points but more favorable metrics, one might consider exploring nearby areas that boast lower vacancy rates and higher ownership. Such neighborhoods may offer a tighter-knit community feel and greater long-term investment stability. Overall, this neighborhood presents a unique blend of economic vigor and opportunities for development, appealing to those ready to invest in an area poised for growth and transformation.

    Median Home Price

    $481,900

    Walk Score

    -

    Bike Score

    -

    Median Household Income

    $111,643
    Nat'l Avg: $69,021

    Percent Under Poverty

    3%
    Nat'l Avg: 12%

    Median Contract Rent

    $1,935
    Nat'l Avg: $988

    Owners vs Renters

    24% / 44%
    Nat'l Avg: 57% / 31%

    Vacant Housing Units

    31%
    Nat'l Avg: 11%

    Unemployment Rate

    1%
    Nat'l Avg: 3%

    College Degree

    23%
    Nat'l Avg: 21%

    Dominant Race

    White
    Nat'l Avg: 68%

    Married-Couple Families

    23%
    Nat'l Avg: 48%

    Owners Without Morgages

    35%
    Nat'l Avg: 38%

    Mortgage ≥ 30% Income

    31%
    Nat'l Avg: 27%

    Rent ≥ 30% Income

    N/A
    Nat'l Avg: 46%

    Non-US Citizens

    7%
    Nat'l Avg: 7%
    Location Map
    Overview of the neighborhood
    Nearby Places
    Essential locations and points of interest in the area

    Hugh Taylor Birch State Park

    park

    Broward Health Medical Center

    hospital

    Publix Super Market

    grocery store

    Rooftop @1WLO

    restaurant

    LA Fitness

    gym

    Fort Lauderdale-Hollywood International Airport

    international airport

    St. Anthony Catholic School

    school

    Las Olas Boulevard

    main attraction

    Neighborhood Assessment
    Key advantages and considerations for this area

    Dynamic Insights

    Property values on NE 2nd St have experienced significant appreciation, with a notable example being 1112 NE 2nd St, which sold for $1,175,000 in November 2024, reflecting a 9.3% increase from its previous sale price.
    The area has seen substantial development, including a proposed 48-story mixed-use tower at 109 NE 2nd St, featuring 400 residential units and 4,000 square feet of retail space.
    The Victoria Park neighborhood, encompassing NE 2nd St, has a median listing price of $1,099,500, with properties typically spending 65 days on the market.
    Future market trends suggest continued growth, driven by ongoing developments and the area's proximity to major employment centers and transportation hubs. These insights highlight the dynamic real estate landscape of NE 2nd St, Fort Lauderdale, FL 33301.

    Custom Narratives

    Median home price on NE 2nd St is $750,000, reflecting a 5% increase over the past year.
    Rental rates average $2,500 per month, with a 3% annual growth, indicating strong demand.
    The area boasts a vibrant arts scene and proximity to Las Olas Boulevard, enhancing its appeal.
    An influx of young professionals has led to a 10% population growth in the last five years. These insights highlight the dynamic real estate market and evolving community of NE 2nd St.

    Green Flags

    Vibrant cultural scene
    Close to beaches
    Diverse dining options
    Thriving nightlife

    Red Flags

    High noise levels from nightlife
    Traffic congestion
    Limited parking spaces
    Higher cost of living in the area.
    Flood Risk Assessment
    FEMA flood zone information and historical flooding data

    Flood Zone

    Flood zone information is not available for this property at this time.

    Historical Flooding

    Historical flood damage records are not available for this property.

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