The housing market in South Gate Ridge, FL is booming. The median value of a house in the area is $342,100, which is slightly higher than the US median value of $338,100. Furthermore, the 1 year appreciation rate for houses in South Gate Ridge is 23.37%, more than double the US 1 year house appreciation rate of 8.27%. This shows that this is a desirable area to live and invest in for those looking to purchase or sell a home.
The median home cost in South Gate Ridge is $342,100. Home appreciation the last 10 years has been 211.6%. Home Appreciation in South Gate Ridge is up 31.2%.
Average Age of Homes
- The median age of South Gate Ridge real estate is 41 years old
The Rental Market in South Gate Ridge
- Renters make up 25.6% of the South Gate Ridge population
- 1.2% of houses and apartments in South Gate Ridge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.