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Affordable
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These days, finding an affordable place to live in the Southgate area can be challenging. Home prices in Southgate are now at a median cost of $416,993, higher than the Florida average of $396,783.
The average cost of rent is $1,651/mo in Southgate, primarily driven by the current value of real estate in the Southgate area. In Southgate, 28.68% of households rent, and 52.54% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Southgate is $6,327 per month. Households that rent pay about 26.09% of their income on rent here. Southgate’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sarasota, FL: equally priced homes
- South Sarasota, FL: higher priced homes
- Sarasota Springs, FL: less expensive homes
- Bee Ridge, FL: higher priced homes
- Gulf Gate Estates, FL: less expensive homes
- Siesta Key, FL: higher priced homes
- Fruitville, FL: higher priced homes
- North Sarasota, FL: less expensive homes
- Longboat Key, FL: higher priced homes
- Bayshore Gardens, FL: less expensive homes
Cities with Similar Populations
- Wellston, OH: less expensive homes
- Center Moriches, NY: higher priced homes
- Centerville, SC: less expensive homes
- Central Square, NY: less expensive homes
- Centralia, MO: less expensive homes
- Chapel Hill, TN: less expensive homes
- Charleroi, PA: less expensive homes
- Charlestown, RI: higher priced homes
- Chepachet, RI: equally priced homes
- Chisago City, MN: equally priced homes
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