Wellington, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wellington Neighborhoods Since 2000




Wellington, FL Real Estate Data


Wellington Housing Market Information

With a population of 62,560, 19,770 total housing units (homes and apartments), and a median house value of $449,196, 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 74.45% of the village's housing units. Other types of housing that are prevalent in Wellington include row houses and other attached homes ( 8.55%), large apartment complexes or high rise apartments ( 8.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.64%).

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 79.42% of Wellington's homes, and 69.23% 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 ( 34.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 0.79%).

Vacant housing appears to be an issue in Wellington. Fully 17.38% 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

Wellington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wellington during the period has been just -1.44%, which is lower than 80% of US communities.

Appreciation rates are so strong in Wellington that despite a nationwide downturn in the housing market, Wellington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wellington appreciation rates continue to be some of the highest in America, at 8.59%, which is higher than appreciation rates in 94.24% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wellington. Wellington appreciation rates in the latest quarter were at 2.59%, which equates to an annual appreciation rate of 10.76%.

Relative to Florida, our data show that Wellington's latest annual appreciation rate is lower than 60% 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:
$449,196

Wellington, FL HOME PRICES

Value Range
> $1,446,000 2.7
$1,085,001 - $1,446,000 3.6
$723,001 - $1,085,000 8.1
$579,001 - $723,000 9.3
$434,001 - $579,000 21.3
$289,001 - $434,000 30.3
$145,001 - $289,000 20.2
$72,001 - $145,000 2.4
$0 - $72,000 2.3

Very High for FL
Very High for Nation

Value Relative to Nation Value Relative to State
7.71212742284945 12.3931623931624

Number Of Homes And Apartments:
19,770

Rent & Ownership

 

Average Market Rent:
$2,021 / per month

Homeownership Rate

Homeownership
Owners 79.42
Renters 20.58
Vacant 17.38

Housing Market Details

 

Age of Homes

AGE OF Wellington HOMES
2000 or Newer 34.6
1970 - 1999 64.4
1940 - 1969 0.8
1939 or Older 0.2

Types of Homes

TYPE OF Wellington HOMES
Single-Family 74.5
Townhomes 8.6
Small Apt. Buildings 7.6
Apt. Complexes 8.5
Mobile Homes 0.8
Other 0.1

Home Size

SIZE OF Wellington HOMES
No Bedroom 0.41
1 Bedroom 2.19
2 Bedrooms 15.46
3 Bedrooms 39.50
4 Bedrooms 29.73
5 or more bedrooms 12.71

Wellington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
103.67% 4.27% 9 10
* 10 is highest