Wellington, 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 Q2 2021. 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

Wellington, FL Housing Market Trends

With 65,398 people, 20,844 houses or apartments, and a median cost of homes of $443,931, Wellington house prices are not only among the most expensive in Florida, Wellington real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Wellington, accounting for 71.33% of the village's housing units. Other types of housing that are prevalent in Wellington include row houses and other attached homes ( 11.05%), large apartment complexes or high rise apartments ( 10.72%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.55%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wellington. Owner-occupied housing accounts for 76.09% of Wellington's homes, and 66.50% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wellington 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 Wellington built between 2000 and later ( 37.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.11%).

Vacant housing appears to be an issue in Wellington. Fully 15.46% of the housing stock is classified as vacant. Left unchecked, vacant Wellington homes and apartments can be a drag on the real estate market, holding Wellington 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.

Wellington Home Appreciation Rates

In the last 10 years, Wellington has experienced some of the highest home appreciation rates of any community in the nation. Wellington real estate appreciated 92.05% over the last ten years, which is an average annual home appreciation rate of 6.74%, putting Wellington in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wellington 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, Wellington's appreciation rate, at 9.95%, has been at or slightly above the national average. In the latest quarter, Wellington's appreciation rate has been 3.42%, which annualizes to a rate of 14.39%.

Relative to Florida, our data show that Wellington's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Wellington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wellington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Wellington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$443,931

Wellington, FL HOME PRICES

> $1,247,000
3.7%
3.7%
$935,001 - $1,247,000
3.7%
3.7%
$623,001 - $935,000
15.0%
15.0%
$499,001 - $623,000
18.1%
18.1%
$374,001 - $499,000
29.7%
29.7%
$249,001 - $374,000
20.3%
20.3%
$125,001 - $249,000
7.7%
7.7%
$62,001 - $125,000
0.9%
0.9%
$0 - $62,000
0.9%
0.9%
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:
20,844

Wellington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
151.75% 4.39%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,569 / per month

Homeownership Rate

Owners
76.1%
76.1%
Renters
23.9%
23.9%
Vacant
15.5%
15.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
37.9%
37.9%
1970 - 1999
60.9%
60.9%
1940 - 1969
1.1%
1.1%
1939 or Older
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
71.3%
71.3%
Townhomes
11.0%
11.0%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
10.7%
10.7%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
3.3%
3.3%
2 Bedrooms
17.8%
17.8%
3 Bedrooms
38.0%
38.0%
4 Bedrooms
28.5%
28.5%
5 or more bedrooms
11.9%
11.9%
0.0% 100.0%
% OF HOMES