Southbridge, MA Real Estate
According to census data in the year 2000 there were 5,720 housing units in Southbridge.
This represents a 1.5% decline from 5,809 in 1990.
Of those housing units, 5,720 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Southbridge is about 37.3%.
Southbridge's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Southbridge were built after 1942.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 17.10% |
| Two Bedrooms | 37.90% |
| Three Bedrooms | 32.40% |
| Four Bedrooms | 7.80% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $106,900 |
| Median Price asked for vacant units | $113,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $497 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.60% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 56.60% |
| Debt Free | 35.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.6% |
