South Palm Beach, FL Real Estate
According to census data in the year 2000 there were 920 housing units in South Palm Beach.
This represents a 49.8% decline from 1,831 in 1990.
Of those housing units, 920 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in South Palm Beach is about 82.7%.
South Palm Beach's vacancy rate, including seasonal lodging, is about 44.6%.
Average household size is 1.42 people.
The majority of houses, apartments or condos in South Palm Beach were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 32.40% |
| Two Bedrooms | 61.10% |
| Three Bedrooms | 2.40% |
| Four Bedrooms | 1% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.43 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $173,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.35 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $1,150 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 62.20% |
| Debt Free | 37.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 41% |
