South Beach, FL Real Estate
According to census data in the year 2000 there were 2,043 housing units in South Beach.
This represents a 22.3% growth from 1,671 in 1990.
Of those housing units, 2,043 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 Beach is about 96.5%.
South Beach's vacancy rate, including seasonal lodging, is about 21.9%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in South Beach were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.40% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 51.40% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $374,600 |
| Median Price asked for vacant units | $187,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $1,875 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.50% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 41% |
| Debt Free | 50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
