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Hollywood, Florida Introduction
Hollywood is a city in Broward County in southeastern Florida. Hollywood is 25 minutes north of Miami and 15 minutes south of Fort Lauderdale, on Florida's southeast coast. Hollywood is the 9th largest city in Florida.
Hollywood, Florida Neighborhoods
Hollywood's neighborhoods include: 441 Corridor, Alandco, Arapahoe Farms, Beverly Park, Boulevard Heights - West Hollywood, Central Business District, Driftwood, Emerald Hills, Highland Garden, Hillcrest, Hollywood Beach - Quadoman, Hollywood Hills, Hollywood Lakes, Lake Eden, Lawn Acres, Liberia, Mapleridge, North Beach, North Central Hollywood, Oakridge, Oakwood, Park East, Parkside, Royal Poinciana, TY Park, and Washington Park. The city has Neighborhood Resource Specialists that are "assigned to specific Hollywood Neighborhoods with the mission of focusing City, County, State, Federal and private resources on the improvement of the neighborhood."
Hollywood, Florida Real Estate
As of 2005, there were approximately 71,704 housing units in Hollywood, Florida according to United States Census Bureau estimates. Of these, 63.6% were owner occupied, 36.4% were renter occupied, and 17.5% were vacant. The owner and renter occupancy rates were roughly in line with the national average at the time, but the vacancy rate was well above the national average.
Over a quarter (27.1%) of Hollywood's housing was built prior to 1960. Over half (53.4%) was built in the 1960s and 1970s. Since then, 9.7% was built in the 1980s, 7.1% was built in the 1990s, and 2.8% has been built since the turn of the century. Approximately two thirds of Hollywood homes are 4 to 7 rooms in size with 2 to 3 bedrooms. Only about 10% are larger. Over 90% of Hollywood's homes use electricity for home heating.
In 2005, a Hollywood owner-occupied home had a median value of $239,900 (US Census estimates), which was above the national average of $167,500. The 2005 median price also represented significant appreciation over the median value in 2000 when a Hollywood home was worth $109,000. By the end of the of Q2/2007, the median price of a Hollywood home was up to $275,000.
65.3% of Hollywood's owner-occupied homes have a mortgage loan. A high percentage of these homeowners (25.4%) are also accessing the equity of their home with equity loans and/or second mortgages. Median owner costs for a home in Hollywood, Florida were $1,444 per month in 2005, above the average for the US as a whole.
Hollywood, Florida Property Taxes
The Broward County Property Appraiser's Office is responsible for valuing homes within Broward county and Hollywood for tax purposes. The Broward County Revenue Collector collects the real estate taxes for Hollywood and Broward County. As of 2005, the median annual real estate tax bill for an owner occupied home in Hollywood was $2,047 (US Census Bureau).
Hollywood, Florida Schools
Hollywood is served by the Broward County Public School District. Broward County Public Schools serving Hollywood include:
Nearly 84% of the Broward County Public School District's schools earned A and B grades in 2006 under the state’s A+ Plan for Education, with 68% earning an A grade.
Hollywood, Florida Economy
Similar to the rest of southeastern Florida, tourism is a major driver of the Hollywood economy. Two of Hollywood's largest employers are hospitals - Joe Dimaggio Children's Hospital and Memorial Regional Hospital. Both are among the 50 largest employers in Florida.
According to U.S. Census Bureau data, the median family income in Hollywood, Florida was $47,189 in 2005. This was below the national average ($55,832) and below the Florida average ($50,465).
Hollywood and Florida Mortgage and/or Real Estate Organizations
| Category | Value |
|---|---|
| Homes With No Mortgage | 24% |
| With A Mortgage | 76% |
| First Mortgage Only | 59% |
| Second Mortgage or Home Equity Loan | 16% |
| Second Mortgage Only | 9% |
| Home Equity Loan Only | 7% |
| Category | Value |
|---|---|
| Owner Costs as % of Income | 22.5% |
| Median Real Estate Taxes (2000) | $1,505 |
| Category | Value |
|---|---|
| Total Occupied | 59,628 |
| 1-Person Households | 35% |
| 2-Person Households | 33% |
| 3-Person Households | 14% |
| 4-Person Households | 11% |
| 5-Person Households | 5% |
| 6-Person Households | 2% |
| 7+-Person Households | 1% |
| Category | Value |
|---|---|
| Median Year Built | 1968 |
| Median Year Built (Owner Occupied) | 1967 |
| Median Year Built (Renter Occupied) | 1970 |
| Category | Value |
|---|---|
| Using Utility Co. Gas Heat | 4% |
| Using Bottled/Tank Gas Heat | 1% |
| Using Electric Heat | 90% |
| Using Oil Heat | 0% |
| Using Coal | 0% |
| Using Wood Heating | 0% |
| Using Solar Heat | 0% |
| Other Heating | 0% |
| No Heating | 4% |
| Category | Value |
|---|---|
| No Bedrooms | 2% |
| 1 Bedroom | 13% |
| 2 Bedrooms | 35% |
| 3 Bedrooms | 38% |
| 4 Bedrooms | 9% |
| 5+ Bedrooms | 2% |
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