Southwest Ranches, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Southwest Ranches Neighborhoods Since 2000




Southwest Ranches, FL Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Southwest Ranches Housing Market Information

With 7,852 people, 2,177 houses or apartments, and a median cost of homes of $591,293, 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 91.45% of Southwest Ranches's homes, and 85.19% 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 ( 16.36%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.42%). There's also some housing in Southwest Ranches built before 1939 ( 1.06%).

Vacant housing appears to be an issue in Southwest Ranches. Fully 10.96% 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

Southwest Ranches's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Southwest Ranches during the period has been just -1.45%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Southwest Ranches's appreciation rate, at 5.35%, has been at or slightly above the national average. In the latest quarter, Southwest Ranches's appreciation rate has been 1.80%, which annualizes to a rate of 7.39%.

Importantly, this makes Southwest Ranches one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Florida, our data show that Southwest Ranches's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.

Average Home Values

 

Median Home Value:
$591,293

Southwest Ranches, FL HOME PRICES

Value Range
> $1,261,000 8.5
$946,001 - $1,261,000 4.6
$630,001 - $946,000 19.6
$504,001 - $630,000 18.2
$378,001 - $504,000 25.2
$252,001 - $378,000 15.8
$126,001 - $252,000 4.3
$63,001 - $126,000 2.2
$0 - $63,000 1.5

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
4.07242470409 6.1965811965812

Number Of Homes And Apartments:
2,177

Southwest Ranches Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
102.44% 4.17% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,445 / per month

Homeownership Rate

Homeownership
Owners 91.45
Renters 8.55
Vacant 10.96

Housing Market Details

 

Age of Homes

AGE OF Southwest Ranches HOMES
2000 or Newer 16.4
1970 - 1999 76.2
1940 - 1969 6.4
1939 or Older 1.1

Types of Homes

TYPE OF Southwest Ranches HOMES
Single-Family 95.3
Townhomes 2.3
Small Apt. Buildings 0.0
Apt. Complexes 0.5
Mobile Homes 1.3
Other 0.5

Home Size

SIZE OF Southwest Ranches HOMES
No Bedroom 0.37
1 Bedroom 0.78
2 Bedrooms 1.72
3 Bedrooms 34.48
4 Bedrooms 50.72
5 or more bedrooms 11.94

Popular Neighborhoods in Southwest Ranches

Zip Codes in Southwest Ranches, FL