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These days, finding an affordable place to live in the South Beach area can be challenging. Home prices in South Beach are now at a median cost of $494,974, lower than the Oregon average of $502,078.
The average cost of rent is $1,085/mo in South Beach, primarily driven by the current value of real estate in the South Beach area. In South Beach, 11.42% of households rent, and 34.32% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Beach is $7,901 per month. Households that rent pay about 13.73% of their income on rent here. South Beach’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Yaquina, OR: higher priced homes
- Newport, OR: less expensive homes
- Seal Rock, OR: less expensive homes
- Moody, OR: higher priced homes
- Fruitvale, OR: higher priced homes
- Toledo, OR: less expensive homes
- Elk City, OR: less expensive homes
- Beverly Beach, OR: equally priced homes
- Waldport, OR: less expensive homes
- Wakonda Beach, OR: less expensive homes
Cities with Similar Populations
- Alexis, NC: less expensive homes
- Stewart, OH: less expensive homes
- Stoney Point, LA: less expensive homes
- Surrey, ND: less expensive homes
- Tye, TX: less expensive homes
- Underwood, IA: less expensive homes
- Wauregan, CT: less expensive homes
- West Alexander, PA: less expensive homes
- Colmesneil, TX: less expensive homes
- China, ME: less expensive homes
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