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 a population of 12,385, 6,474 total housing units (homes and apartments), and a median house value of $350,217, real estate costs in Wilton Manors are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Florida communities.
Large apartment complexes or high rise apartments are the single most common housing type in Wilton Manors, accounting for 46.65% of the city's housing units. Other types of housing that are prevalent in Wilton Manors include single-family detached homes ( 35.86%), duplexes, homes converted to apartments or other small apartment buildings ( 9.36%), and a few row houses and other attached homes ( 8.13%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.
People in Wilton Manors primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Wilton Manors has a mixture of owner-occupied and renter-occupied housing.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wilton Manors's housing was primarily built during this period, from the '40s through the '60s. A full 48.81% of the city's housing hails from this era. Other housing ages represented in Wilton Manors include homes built between 1970-1999 ( 38.87%) and housing constructed between 2000 and later ( 11.28%). There's also some housing in Wilton Manors built before 1939 ( 1.04%).
Vacant housing appears to be an issue in Wilton Manors. Fully 15.10% of the housing stock is classified as vacant. Left unchecked, vacant Wilton Manors homes and apartments can be a drag on the real estate market, holding Wilton Manors 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.
Wilton Manors's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wilton Manors during the period has been just -1.29%, which is lower than 70% of US communities.
Appreciation rates are so strong in Wilton Manors that despite a nationwide downturn in the housing market, Wilton Manors real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wilton Manors appreciation rates continue to be some of the highest in America, at 8.22%, which is higher than appreciation rates in 87.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wilton Manors. Wilton Manors appreciation rates in the latest quarter were at 1.80%, which equates to an annual appreciation rate of 7.39%.
Importantly, this makes Wilton Manors 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 Wilton Manors's latest annual appreciation rate is lower than 50% of the other cities and towns in Florida.
|$1,019,001 - $1,358,000||1.0|
|$679,001 - $1,019,000||10.4|
|$543,001 - $679,000||6.5|
|$407,001 - $543,000||23.7|
|$272,001 - $407,000||21.8|
|$135,001 - $272,000||23.6|
|$68,001 - $135,000||8.1|
|$0 - $68,000||3.9|
|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 Wilton Manors HOMES|
|2000 or Newer||11.3|
|1970 - 1999||38.9|
|1940 - 1969||48.8|
|1939 or Older||1.0|
|TYPE OF Wilton Manors HOMES|
|Small Apt. Buildings||9.4|
|SIZE OF Wilton Manors HOMES|
|5 or more bedrooms||0.98|