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Southchase Housing Information

IndexSouthchaseFloridaNational
Median home price$184,200$166,800$184,700
Median rent asked$1,271$1,032$949
Avg. people per household3.22.62.6
Owner occupied households70.7%64.8%63.6%
Renter occupied households29.3%35.2%36.4%
The above shows an overview of the real estate market in Southchase, FL. Note how the median home price for Southchase, FL runs $184,200, which is 10% higher than the average property price for Florida. So you’re going to get real estate in Southchase, FL that is on-average less affordable than what you’ll find in the rest of Florida. As for rent, the median for Southchase, FL runs $1,271, which is comparatively 23% higher than the average rent for Florida. For Southchase, FL, about 70.7% of the population consist of home owners with about 3.2 people living in each property on average. Whether you’re looking for condos or townhomes that are low-maintenance and affordable or sprawling mansions, Southchase, FL offers a wide variety of real estate. To find your perfect home in Southchase, FL, filter your choice by price, location, and number of beds and baths using the search area above.

Southchase Home Affordability

When deciding where to purchase Southchase, FL real estate, home affordability is one of the top deciding factors. One way that you can calculate the affordability of your next home is to use this formula: median home price to median household income ratio. In Southchase, FL the median home price is $184,200 and $55,461 is the median household income. As a result, the home price to income ratio in Southchase, FL is 3.3x, which is 3% lower than the Florida average. In order to determine the home affordability ratio, you would divide the median home price by the median home income. If you find that in Southchase, FL the home price to income ratio is lower than average, that means that in general, housing is more affordable. While there more than just one factor in deciding home affordability, you can use the home affordability calculator below as an additional tool when deciding how much you can and should pay for real estate in Southchase, FL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Lake Hart, FL208$0100%
Lake Buena Vista, FL3$0100%
Bay Lake, FL42$0100%
Tildenville, FL1,550$0100%
Campbell, FL2,419$54,20071%
Southchase, FL16,201$184,2000%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Stuart, FL16,204$121,90034%
Bethpage, NY16,197$426,500131%
Abington, MA16,196$308,30067%
Glenmont, MD16,194$408,800121%
Hope Mills, NC16,189$124,00033%
Southchase, FL16,201$184,2000%

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