As Economy Improves Tamarac Home Values Increase

This Tamarac home is currently on the market for $135,000.

This Tamarac home is currently on the market for $135,000.

By: Sharon Aron Baron

Tamarac is on the road to recovery according to the latest data from real estate website Zillow.

With the median home value in Tamarac at $118,900, Tamarac home values have gone up 26.2 percent over the past year and Zillow predicts they will rise 7.3 percent within the next year.

The median list price per square foot in Tamarac is $93, which is lower than the Miami-Fort Lauderdale Metro average of $158.

The median price of homes currently listed in Tamarac is $115,000 while the median price of homes that sold is $121,700. The median rent price in Tamarac is $1,300, which is lower than the Miami-Fort Lauderdale Metro median of $1,800.

According to their data, there are still many homes with negative equity at a rate of 29.9 percent and 14.5 percent of homes are delinquent on their mortgage payments.

More information on home above can be found here.

About Sharon Aron Baron

Sharon Aron Baron Sharon Aron Baron is the Editor of Talk Media and writer for Tamarac Talk and Coral Springs Talk. Tamarac Talk was created in 2010 to provide News, Views and Entertainment for the residents of Tamarac and to give resident's a forum. We are not affiliated with the City of Tamarac. That's why this site can be occasionally opinionated and obviously open.

Connect

Follow on Twitter Find on Google+ View all Posts Visit Website
  • MizGeek

    While I am happy that the value of my home has increased over the last year, I got my tax estimate and now I am unhappy. The tax rate is up costing me more money. The tax burden is getting way too high. While I do appreciate the efforts of the city to make things more attractive to home buyers, I do think they go a bit too far. We don’t need a park on every corner. I still don’t understand why anyone would think it a good idea for the city to buy the property on the N.E. corner of Commercial and Pine Island and convert it from a revenue generating business property to a permanent liability as a park, especially considering we can’t afford to open existing parks 7 days a week. This is nothing but fiscal irresponsibility. Yes, our green spaced need to be well kept but they don’t need lavish landscaping. All I am saying is, we could have a city that is just as appealing while spending less. A clean and safe community with low taxes may be more attractive than a lavishly landscaped community with a park on every corner, bike paths along every street and high taxes.