South Bay, FL Real Estate
According to census data in the year 2000 there were 947 housing units in South Bay.
This represents a 21.9% decline from 1,213 in 1990.
Of those housing units, 898 were located in either urbanized areas or urban clusters, and 49 were located in what is classified as a rural area.
Homeownership rate in South Bay is about 58.8%.
South Bay's vacancy rate, including seasonal lodging, is about 13.9%.
Average household size is 3.35 people.
The majority of houses, apartments or condos in South Bay were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 8.20% |
| One Bedroom | 27.20% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 26.60% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.46 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $70,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.2 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 44.40% |
| Debt Free | 45.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.1% |
