South Pasadena, Florida Real Estate & Housing Market

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South Pasadena Housing Information

Index	South Pasadena	Florida	National
Median home price	$169,900	$166,800	$184,700
Median rent asked	$1,110	$1,032	$949
Avg. people per household	1.4	2.6	2.6
Owner occupied households	59.0%	64.8%	63.6%
Renter occupied households	41.0%	35.2%	36.4%

A general summary of the real estate market in South Pasadena, FL is listed above. Properties in South Pasadena, FL average a cost of $169,900, which is 2% higher than the median home price for real estate located in Florida. This means that the region of South Pasadena, FL is, on average, less affordable when compared to the remainder of Florida. Since tenants living in South Pasadena, FL will pay an average of $1,110, the median rental cost is 8% higher than in Florida. 59.0% of people in South Pasadena, FL own their own homes, and an average of 1.4 people inhabit each property. South Pasadena, FL has many assorted real estate listings available. These range from urban townhouses to inexpensive condos to luxurious residences. We make finding homes for sale and browsing real estate listings effortless. Simply use the search function above, and obtain filtered results according to price, location, bathrooms and bedrooms.

South Pasadena Home Affordability

When starting your search for real estate in South Pasadena, FL, it is crucial to consider home affordability. When calculating home affordability, the ratio of home price to median household income is one of the methods that is applicable in doing so. On average, a home in South Pasadena, FL costs $169,900 while each household has an average income of $33,227. Consequently, the ratio of home price to household income is 5.1x; this ratio is 50% higher than the average in Florida. Calculating the home affordability ratio involves dividing the average price of a home by the average income of homes in South Pasadena, FL. When the ratio of home price to income is relatively low, the implication is that homes are more affordable on the basis of the home price in comparison with the home income. Note that besides home price to median household income ratio, there are various other factors to put into consideration when determining if home affordability exists. Check the home affordability calculator shown below to calculate how much you can afford to pay for real estate in South Pasadena, FL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Lealman, FL	20,704	$70,500	62%
West Lealman, FL	16,235	$77,800	58%
Largo, FL	80,678	$97,800	47%
South Highpoint, FL	5,034	$97,800	47%
Kenneth City, FL	5,048	$104,800	43%
South Pasadena, FL	5,040	$169,900	8%

Cities with similar population

City, State	Population	Home Price	National Avg.
Clarks Summit, PA	5,041	$194,500	5%
Carlyss, LA	5,041	$100,500	46%
Hanamaulu, HI	5,039	$401,300	117%
Sulphur, OK	5,042	$87,800	52%
McGregor, TX	5,042	$90,500	51%
South Pasadena, FL	5,040	$169,900	8%

Source: The South Pasadena, FL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).