The Real Deal Miami

Weston leads Broward County in median home value

Affluent neighborhoods helped area maintain its appeal in rebounding market
July 07, 2014 03:45PM

Aerial of Weston

Aerial of Weston

True to its original vision when it first became incorporated back in 1996, the City of Weston is positioning itself as a prime market for the affluent.

Thanks to a median household income of $93,886, which is the third-highest in Broward County, Weston’s residential market rebounded from last decade’s bust faster than its neighbors.Weston’s median home value is only 18 percent below the high of $477,800 in May 2006 and the community was identified in a 2011 Zillow study as the best housing market among the nation’s 1,000 largest cities during the first years of President Obama’s tenure.

“We have real strong people living here,” 75-year-old Wayne Masur, a Weston homeowner for more than 25 years, told the Sun-Sentinel. “A lot of doctors, a lot of dentists, a lot of athletes, and they make for a good area.”

Parkland, Southwest Ranches, Cooper City and Lighthouse Point are not too far behind, with Parkland’s median value at 27 percent below its pre-recession peak – ranking fifth-best in the county – and its median income of $119,732 ranking the highest. On the opposite of the spectrum are low-income neighborhoods like Lauderdale Lakes, which is at 53 percent of its pre-recession high value of $114,800 while having the lowest median household income of $35,667. [Sun-Sentinel]Andy Kent