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Watergate, FL

Full City Profile · Florida · Broward County County

2.8 /5.0
C+ Fair
3,709 Population 8,831/sq mi density
$72,641 Median Income $24,884 per capita
$214,200 Home Value $630,081 Zillow
$2,109 Median Rent 33.0% income on rent
76°F Avg Temperature 330 sunny days/yr
26 Violent Crime/100K 637 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$72,641 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$214,200 home value, $2,109/mo rent
F
Safety
1.0 / 5.0
26 violent crimes/100K
D
Education
1.8 / 5.0
10.0% bachelor's degree or higher

Housing Overview

Median Home Value
$214,200
24% below
US avg: $281,900
Median Rent
$2,109/mo
81% above
US avg: $1,163/mo
Homeownership Rate
63.9%
2% below US avg (65.4%)
Total Housing Units
1,324
Median year built: 1988

Home Value by Source

Census Median
$214,200
Zillow (ZHVI)
$630,081
Median Sale Price
$600,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

63.9%
Owner-Occupied
36.1%
Renter-Occupied
64%
36%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$1,212/mo
1 Bedroom
$1,296/mo
2 Bedroom
$1,526/mo
3 Bedroom
$1,971/mo
4 Bedroom
$2,261/mo
Census median rent: $2,109/mo

Market Indicators (Redfin)

Median Days on Market
89 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$446
Active Inventory
1
homes for sale

Affordability & Housing Stock

Rent Burden
33.0%
of renters spending 30%+ of income on housing
6% above US avg (31.0%)
Median Year Built
1988
Average age of housing stock: 38 years
Homeownership Rate
63.9%

Complete Housing Data

Home Values

Census Median Value$214,200
Zillow Home Value (ZHVI)$630,081
Median Sale Price$600,000
Price Per Sq Ft$446

Rent

Census Median Rent$2,109
FMR Studio$1,212
FMR 1-Bedroom$1,296
FMR 2-Bedroom$1,526
FMR 3-Bedroom$1,971
FMR 4-Bedroom$2,261

Market

Days on Market89
Sale-to-List Ratio1.0%
Price Drops0.0%
Homes Sold1
Active Inventory1
Price Per Sq Ft$446

Ownership & Stock

Owner-Occupied63.9%
Renter-Occupied36.1%
Homeownership Rate63.9%
Total Housing Units1,324
Median Year Built1988
Rent Burden33.0%