Southwest Ranches, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Southwest Ranches, Florida rental market.
Southwest Ranches, Florida
Average Apartment Rent
$2,701
Y-o-Y Change in Average
Apartment Rent
1%
As of July 2024
Compared to a year ago, Southwest Ranches, Florida apartments have recorded a 1% rent increase.
Southwest Ranches, Florida |Average apartment rent trend
Southwest Ranches, Florida| Average apartment rent
Southwest Ranches, Florida | Housing tenure**
Renters take up 3% of Southwest Ranches, Florida real estate, occupying a total of 58 units, while homeowners live in 1,966 properties.
Median number of rooms of renter-occupied housing units**
9
Renter median household income**
$56,250
Average household size of renter-occupied housing units**
2.72
Southwest Ranches, Florida | Renter-occupied housing units by no. of bedrooms**
There are 38 rentals in Southwest Ranches, Florida with 3 beds making up the highest share of the market, at 66%. Units with 5 or more beds, on the other hand, hold the lowest percentage (7%), amounting to 4 units. Overall, the median number of rooms in Southwest Ranches, Florida homes for rent is 9.
Southwest Ranches, Florida |Renter-occupied units by age of householder**
Most condos for rent in Southwest Ranches, Florida are occupied by residents in the 45 - 54 years age group (71%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 25 - 34 years age group make up the lowest share of the local rental market – 10%.
Southwest Ranches, Florida | Renter-occupied housing units by family type**
Southwest Ranches, Florida | Renter-occupied housing units by the presence of own children**
A total of 54 apartments for rent in Southwest Ranches, Florida, or 93% of all rentals are family households. Additionally, 67% of rental homes include children under the age of 18 – that’s 39 units. All in all, the median size of a renter-occupied household in Southwest Ranches, Florida is 2.72.
Southwest Ranches, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 72% of the rental market. In contrast, residents with less than a high school degree reside in 16% of the homes for rent in Southwest Ranches, Florida.
Southwest Ranches, Florida | Renter-occupied units by year structure built**
The highest share of Southwest Ranches, Florida apartment rentals, namely 62% or 36 units, were Built 1980 - 1989, followed by those Built 1939 or earlier (16%, 9 units), and the ones Built 1970 - 1979 (12%, 7 units).
Southwest Ranches, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2014
Most Southwest Ranches, Florida renters (78%) moved in 2010 to 2017, while only 10% of them moved in 2018 to 2020. Overall, the median year renters have occupied their Southwest Ranches, Florida condos for rent is 2014.
Southwest Ranches, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 66% of Southwest Ranches, Florida renters have 2 vehicles available per household, 16% of them have No vehicle available, and 12% have 3 or more vehicles available.
Southwest Ranches, Florida | Means of transportation to work of householders living in renter-occupied housing units**
Southwest Ranches, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
Southwest Ranches, Florida | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Southwest Ranches, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates