Southwest Ranches, FL Profile: Facts & Data

The Town of Southwest Ranches had a population of 7,745 as of July 1, 2023. Southwest Ranches ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Florida. See peer rankings below.

The primary coordinate point for Southwest Ranches is located at latitude 26.0587 and longitude -80.3373 in Broward County. The formal boundaries for the Town of Southwest Ranches encompass a land area of 13.13 sq. miles and a water area of 0.02 sq. miles. Broward County is in the Eastern time zone (GMT -5).

The Town of Southwest Ranches has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Florida is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The Town of Southwest Ranches is located within Davie CCD of Broward County.

Southwest Ranches, FL Data & Demographics (As of July 1, 2023)

POPULATION
Total Population	7,745 (100%)
Population in Households	7,735 (99.9%)
Population in Families	7,057 (91.1%)
Population in Group Quarters¹	10 ( 0.1%)
Population Density	597
Diversity Index²	81


INCOME
Median Household Income	$145,498
Average Household Income	$191,181
% of Income for Mortgage⁴	27%
Per Capita Income	$58,899
Wealth Index⁵	267
Socioeconomic Status Index⁶	Moderate (56.1)

HOUSING
Total HU (Housing Units)	2,489 (100%)
Owner Occupied HU	2,253 (90.5%)
Renter Occupied HU	133 ( 5.3%)
Vacant Housing Units	103 ( 4.1%)
Median Home Value	$641,344
Average Home Value	$717,099
Housing Affordability Index³	89

HOUSEHOLDS
Total Households	2,386
Average Household Size	3.24
Family Households	2,061
Average Family Size	3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Southwest Ranches, FL - Peer Comparisons by Rank and Percentile

The table below compares Southwest Ranches to the other 955 incorporated cities, towns and CDPs in Florida by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2020-2023	2023-2028
Population	0.55%	-0.14%
Households	0.29%	-0.11%
Families		-0.10%
Median Household Income		2.08%
Per Capita Income		2.45%
Owner Occupied HU		0.00%

Variable Description	Rank	Percentile
Total Population	# 385	60th
Population Density	# 712	26th
Median Household Income	# 20	98th
Housing Affordability Index	# 484	51st
Per Capita Income	# 122	87th
Diversity Index	# 139	86th

Southwest Ranches, FL Profile: Facts & Data

Southwest Ranches, Florida - Basic Facts

Southwest Ranches, FL Data & Demographics (As of July 1, 2023)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Southwest Ranches, FL - Peer Comparisons by Rank and Percentile

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