Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the South Padre Island area can be challenging. Home prices in South Padre Island are now at a median cost of $328,400, higher than the Texas average of $235,268.
The average cost of rent is $1,304/mo in South Padre Island, primarily driven by the current value of real estate in the South Padre Island area. While nearly 55.47% of residents own their homes outright in South Padre Island, 29.30% rent.
Housing affordability isn’t just about home prices, though. The average household income in South Padre Island is $4,912 per month. Households that rent pay about 26.55% of their income on rent here. South Padre Island's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the city.
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