Southwest Ranches, FL Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Southwest Ranches, FL Housing Market Trends

With a population of 7,957, 2,235 total housing units (homes and apartments), and a median house value of $646,818, Southwest Ranches house prices are not only among the most expensive in Florida, Southwest Ranches real estate also is some of the most expensive in all of America.

Southwest Ranches is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Southwest Ranches than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Southwest Ranches. Owner-occupied housing accounts for 95.27% of Southwest Ranches's homes, and 79.81% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Southwest Ranches built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Southwest Ranches built between 2000 and later ( 14.65%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.95%).

Vacant housing appears to be an issue in Southwest Ranches. Fully 13.37% of the housing stock is classified as vacant. Left unchecked, vacant Southwest Ranches homes and apartments can be a drag on the real estate market, holding Southwest Ranches real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Southwest Ranches Home Appreciation Rates

In the last 10 years, Southwest Ranches has experienced some of the highest home appreciation rates of any community in the nation. Southwest Ranches real estate appreciated 67.26% over the last ten years, which is an average annual home appreciation rate of 5.28%, putting Southwest Ranches in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Southwest Ranches definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Southwest Ranches's appreciation rate, at 5.71%, has been at or slightly above the national average. In the latest quarter, Southwest Ranches's appreciation rate has been 1.46%, which annualizes to a rate of 5.99%.

Notably, Southwest Ranches's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Southwest Ranches's latest annual appreciation rate is lower than 90% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$646,818

Southwest Ranches, FL HOME PRICES

> $1,168,000
8.4%
8.4%
$876,001 - $1,168,000
6.5%
6.5%
$584,001 - $876,000
36.2%
36.2%
$467,001 - $584,000
25.3%
25.3%
$350,001 - $467,000
15.7%
15.7%
$234,001 - $350,000
5.0%
5.0%
$117,001 - $234,000
1.7%
1.7%
$59,001 - $117,000
0.8%
0.8%
$0 - $59,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for FL

Value Relative To Nation

Number Of Homes And Apartments:
2,235

Southwest Ranches Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
145.59% 4.37%
7
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,098 / per month

Homeownership Rate

Owners
95.3%
95.3%
Renters
4.7%
4.7%
Vacant
13.4%
13.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.7%
14.7%
1970 - 1999
76.4%
76.4%
1940 - 1969
9.0%
9.0%
1939 or Older
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
97.3%
97.3%
Townhomes
1.2%
1.2%
Small Apt. Buildings
1.6%
1.6%
Apt. Complexes
0.0%
0.0%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.4%
0.4%
1 Bedroom
2.6%
2.6%
2 Bedrooms
0.4%
0.4%
3 Bedrooms
43.3%
43.3%
4 Bedrooms
36.5%
36.5%
5 or more bedrooms
16.7%
16.7%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Southwest Ranches

Zip Codes in Southwest Ranches, FL