Tucked just south of downtown Fort Lauderdale, the Edgewood neighborhood is quietly emerging as one of the city’s most compelling mid-core residential submarkets. Long appreciated for its proximity to major transit corridors and downtown amenities, Edgewood is now drawing attention for its sharp uptick in property values and growing investor interest in small- to mid-size income-producing assets.

Over the past year, Edgewood has experienced a notable rise in home values, with median sales prices reaching approximately $575,000—a strong 8.5% year-over-year increase. Data from sources like Realtor.com and Redfin further underscore this trend, pointing to consistent gains in both listing and closing prices throughout 2024 and into 2025. Rocket Homes reported a more aggressive annual jump of over 13%, signaling heightened demand from both owner-occupants and multifamily investors alike.

This upward pressure is particularly evident in the Mid-Core segment, where multi-unit buildings are trading at premium per-unit prices. A recent 3plex in the Edgewood area commanded $800,00, or roughly $415,000 per unit—an indicator of the strong investor appetite and the rising performance expectations for cash-flowing assets in this transitioning neighborhood.

Several key factors are fueling this momentum. Edgewood benefits from its close proximity to the Fort Lauderdale Brightline station, part of the high-speed rail corridor connecting Miami to Orlando. Real estate surrounding Brightline stations has seen significant appreciation, with some properties increasing by over 50% in just five years. The area also continues to undergo infill development and value-add renovation projects. Older homes are being razed and replaced with modern construction, contributing to both visual and economic revitalization.

While Edgewood remains one of the last vestiges of “old Florida” character in Fort Lauderdale, it is rapidly evolving. Its streetscape is transforming as young professionals, developers, and income-focused buyers seize on the neighborhood’s strategic location and its balance of affordability and upside potential.