South Padre Island, TX Real Estate
According to census data in the year 2000 there were 4,653 housing units in South Padre Island.
This represents a 14% growth from 4,082 in 1990.
Of those housing units, 4,503 were located in either urbanized areas or urban clusters, and 150 were located in what is classified as a rural area.
Homeownership rate in South Padre Island is about 64.7%.
South Padre Island's vacancy rate, including seasonal lodging, is about 73.9%.
Average household size is 2.02 people.
The majority of houses, apartments or condos in South Padre Island were built after 1984.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.90% |
| One Bedroom | 17.30% |
| Two Bedrooms | 50.30% |
| Three Bedrooms | 21.60% |
| Four Bedrooms | 4.70% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1984 |
| Median Value of occupied units | $175,400 |
| Median Price asked for vacant units | $583,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $797 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 57.20% |
| Debt Free | 38.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.9% |
