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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 7,981, 2,335 total housing units (homes and apartments), and a median house value of $665,533, 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 93.51% of Southwest Ranches's homes, and 80.42% 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 ( 12.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.20%).
Vacant housing appears to be an issue in Southwest Ranches. Fully 13.74% 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.
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 64.33% over the last ten years, which is an average annual home appreciation rate of 5.09%, putting Southwest Ranches in the top 10% 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.
Appreciation rates are so strong in Southwest Ranches that despite a nationwide downturn in the housing market, Southwest Ranches real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Southwest Ranches appreciation rates continue to be some of the highest in America, at 5.40%, which is higher than appreciation rates in 77.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Southwest Ranches. Southwest Ranches appreciation rates in the latest quarter were at 1.94%, which equates to an annual appreciation rate of 7.97%.
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 60% of the other cities and towns in Florida.
|$919,001 - $1,225,000||4.9|
|$612,001 - $919,000||31.4|
|$490,001 - $612,000||24.3|
|$367,001 - $490,000||17.8|
|$245,001 - $367,000||9.0|
|$122,001 - $245,000||1.6|
|$61,001 - $122,000||0.6|
|$0 - $61,000||0.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Southwest Ranches HOMES|
|2000 or Newer||12.4|
|1970 - 1999||79.3|
|1940 - 1969||8.2|
|1939 or Older||0.0|
|TYPE OF Southwest Ranches HOMES|
|Small Apt. Buildings||0.7|
|SIZE OF Southwest Ranches HOMES|
|5 or more bedrooms||15.66|