Wildwood, 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 Q4 2020. 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

Wildwood, FL Housing Market Trends

With 7,276 people, 2,896 houses or apartments, and a median cost of homes of $338,689, Wildwood real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Wildwood, accounting for 49.43% of the city's housing units. Other types of housing that are prevalent in Wildwood include mobile homes or trailers ( 28.32%), large apartment complexes or high rise apartments ( 16.75%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.48%).

People in Wildwood primarily live in small (one, two or no bedroom) single-family detached homes. Wildwood has a mixture of owner-occupied and renter-occupied housing.

Wildwood homes and real estate are some of the newest in America. 56.09% of Wildwood's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Wildwood real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 30.93%), and between 1940-1969 ( 9.65%). There's also some housing in Wildwood built before 1939 ( 3.32%).

Vacant housing appears to be an issue in Wildwood. Fully 21.90% of the housing stock is classified as vacant. Left unchecked, vacant Wildwood homes and apartments can be a drag on the real estate market, holding Wildwood 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.

Wildwood Home Appreciation Rates

In the last 10 years, Wildwood has experienced some of the highest home appreciation rates of any community in the nation. Wildwood real estate appreciated 64.82% over the last ten years, which is an average annual home appreciation rate of 5.12%, putting Wildwood in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wildwood 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 Wildwood that despite a nationwide downturn in the housing market, Wildwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wildwood appreciation rates continue to be some of the highest in America, at 7.42%, which is higher than appreciation rates in 92.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wildwood. Wildwood appreciation rates in the latest quarter were at 1.52%, which equates to an annual appreciation rate of 6.21%.

Notably, Wildwood's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Wildwood'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 Wildwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wildwood - 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 Wildwood real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$338,689

Wildwood, FL HOME PRICES

> $1,165,000
0.1%
0.1%
$874,001 - $1,165,000
1.6%
1.6%
$583,001 - $874,000
8.3%
8.3%
$466,001 - $583,000
6.9%
6.9%
$350,001 - $466,000
17.6%
17.6%
$233,001 - $350,000
24.9%
24.9%
$117,001 - $233,000
15.5%
15.5%
$58,001 - $117,000
11.9%
11.9%
$0 - $58,000
13.1%
13.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
2,896

Wildwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
130.42% 4.06%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,809 / per month

Homeownership Rate

Owners
58.9%
58.9%
Renters
41.1%
41.1%
Vacant
21.9%
21.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
56.1%
56.1%
1970 - 1999
30.9%
30.9%
1940 - 1969
9.7%
9.7%
1939 or Older
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
49.4%
49.4%
Townhomes
2.0%
2.0%
Small Apt. Buildings
3.5%
3.5%
Apt. Complexes
16.7%
16.7%
Mobile Homes
28.3%
28.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
11.6%
11.6%
2 Bedrooms
37.7%
37.7%
3 Bedrooms
39.4%
39.4%
4 Bedrooms
7.1%
7.1%
5 or more bedrooms
0.8%
0.8%
0.0% 100.0%
% OF HOMES