The Most Affordable Neighborhoods in Southgate, FL by Home Value

 

Southgate, FL Map of Most Affordable Neighborhoods
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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 $243,946, lower than the Florida average of $278,762.

The average cost of rent is $1,484/mo in Southgate, primarily driven by the current value of real estate in the Southgate area. While nearly 50.61% of residents own their homes outright in Southgate, 25.99% rent.

Housing affordability isn’t just about home prices, though. The average household income in Southgate is $4,524 per month. Households that rent pay about 32.80% of their income on rent here. Southgate's most expensive areas are in the western regions, while the cheapest areas are in the northern parts of the city.


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