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 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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Southwest Ranches HOMES|
|2000 or Newer||16.4|
|1970 - 1999||76.2|
|1940 - 1969||6.4|
|1939 or Older||1.1|
|TYPE OF Southwest Ranches HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Southwest Ranches HOMES|
|5 or more bedrooms||11.94|