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 about Scout's Real Estate Data
With a population of 11,403, 6,530 total housing units (homes and apartments), and a median house value of $783,715, Wilton Manors house prices are not only among the most expensive in Florida, Wilton Manors 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 Wilton Manors, accounting for 45.91% of the city's housing units. Other types of housing that are prevalent in Wilton Manors include large apartment complexes or high rise apartments ( 36.91%), duplexes, homes converted to apartments or other small apartment buildings ( 9.68%), and a few row houses and other attached homes ( 6.61%).
People in Wilton Manors primarily live in small (one, two or no bedroom) single-family detached homes. 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 47.43% of the city's housing hails from this era. Other housing ages represented in Wilton Manors include homes built between 1970-1999 ( 38.51%) and housing constructed between 2000 and later ( 13.30%).
Vacant housing appears to be an issue in Wilton Manors. Fully 11.39% 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.
In the last 10 years, Wilton Manors has experienced some of the highest home appreciation rates of any community in the nation. Wilton Manors real estate appreciated 125.87% over the last ten years, which is an average annual home appreciation rate of 8.49%, putting Wilton Manors in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wilton Manors definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Wilton Manors appreciation rates have trailed the rest of the nation. In the last twelve months, Wilton Manors's appreciation rate has been -1.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wilton Manors were at -0.39%, which equates to an annual appreciation rate of -1.56%.
Notably, Wilton Manors's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Florida, our data show that Wilton Manors's latest annual appreciation rate is lower than 70% of the other cities and towns in Florida.
$783,715
for Florida
for nation
6,530
$3,209 / per month