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Fort Lauderdale

Fort Lauderdale

Rank: 20
Price/rent ratio: 6.74
Median sales price: $78,000
Median rent: $1,038
Vacancy: 7.1%

Pros: Vacancies are relatively low; the location will continue to attract retirees and others who enjoy the warm climate and the beach.
Cons: Job losses, unsold homes competing for tenants with apartment buildings, condos being converted into rentals.