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Weston, 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 Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Weston, FL Housing Market Trends

With 67,312 people, 21,297 houses or apartments, and a median cost of homes of $839,794, Weston house prices are not only among the most expensive in Florida, Weston 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 Weston, accounting for 62.07% of the city's housing units. Other types of housing that are prevalent in Weston include large apartment complexes or high rise apartments ( 20.55%), row houses and other attached homes ( 12.64%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.36%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Weston. Owner-occupied housing accounts for 73.86% of Weston's homes, and 53.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Weston 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 Weston built between 2000 and later ( 21.45%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.07%).

Vacant housing appears to be an issue in Weston. Fully 11.84% of the housing stock is classified as vacant. Left unchecked, vacant Weston homes and apartments can be a drag on the real estate market, holding Weston 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.

Weston Home Appreciation Rates

In the last 10 years, Weston has experienced some of the highest home appreciation rates of any community in the nation. Weston real estate appreciated 149.33% over the last ten years, which is an average annual home appreciation rate of 9.57%, putting Weston in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Weston 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 Weston that despite a nationwide downturn in the housing market, Weston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Weston appreciation rates continue to be some of the highest in America, at 23.90%, which is higher than appreciation rates in 97.28% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Weston. Weston appreciation rates in the latest quarter were at 5.89%, which equates to an annual appreciation rate of 25.70%.

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

Relative to Florida, our data show that Weston's latest annual appreciation rate is higher 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 city. Individual neighborhoods within Weston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Weston - 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 Weston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$839,794

Weston, FL HOME PRICES

> $1,591,000
$1,194,001 - $1,591,000
$796,001 - $1,194,000
$636,001 - $796,000
$478,001 - $636,000
$318,001 - $478,000
$159,001 - $318,000
$80,001 - $159,000
$0 - $80,000
7.0%
7.0%
9.6%
9.6%
32.2%
32.2%
21.0%
21.0%
12.7%
12.7%
10.5%
10.5%
6.4%
6.4%
0.1%
0.1%
0.4%
0.4%
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:
21,297

Weston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2022 Q2 - 2022 Q3
Last 12 Months:
2021 Q3 - 2022 Q3
Last 2 Years:
2020 Q3 - 2022 Q3
Last 5 Years:
2017 Q3 - 2022 Q3
Last 10 Years:
2012 Q3 - 2022 Q3
Since 2000:
2000 Q1 - 2022 Q3
257.19% 5.76%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,811 / per month

Homeownership Rate

Owners
Renters
Vacant
73.9%
73.9%
26.1%
26.1%
11.8%
11.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.4%
21.4%
77.1%
77.1%
1.1%
1.1%
0.4%
0.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
62.1%
62.1%
12.6%
12.6%
4.4%
4.4%
20.5%
20.5%
0.4%
0.4%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
5.5%
5.5%
23.4%
23.4%
23.9%
23.9%
29.6%
29.6%
16.2%
16.2%
0.0% 100.0%
% OF HOMES