Southgate, FL is a great place to invest in real estate, as it has seen an impressive 23.37% appreciation rate over the past year compared to the national average of 8.27%. The median value of housing in Southgate is $330,000 which is slightly lower than the US median house value of $338,100. This allows potential buyers to get more for their money when purchasing property in the area. In addition, owning a home in Southgate can be a great source of long-term wealth as values continue to appreciate at a rapid rate.
The median home cost in Southgate is $330,000. Home appreciation the last 10 years has been 211.6%. Home Appreciation in Southgate is up 31.2%.
Average Age of Homes
- The median age of Southgate real estate is 51 years old
The Rental Market in Southgate
- Renters make up 22.0% of the Southgate population
- 1.2% of houses and apartments in Southgate, 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.