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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 $377,400, higher than the Texas average of $322,096.
The average cost of rent is $1,521/mo in South Padre Island, primarily driven by the current value of real estate in the South Padre Island area. In South Padre Island, 22.42% of households rent, and 68.22% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in South Padre Island is $5,943 per month. Households that rent pay about 25.59% of their income on rent here. South Padre Island’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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Cities with Similar Populations
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