The Real Deal Miami

Weston leads Broward County in median home value

Affluent neighborhoods helped area maintain its appeal in rebounding market
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