South Pasadena, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the South Pasadena, Florida rental market.
South Pasadena, Florida
Average Apartment Rent
$1,907
Y-o-Y Change in Average
Apartment Rent
-0.1%
As of July 2024
Compared to a year ago, South Pasadena, Florida apartments have recorded a -0.1% rent decrease.
South Pasadena, Florida |Average apartment rent trend
South Pasadena, Florida| Average apartment rent
South Pasadena, Florida | Apartment rent ranges
At 38.97%, apartments priced Over $2,000 represent the bulk of South Pasadena, Florida rentals, while condos priced $1,500 - $2,000 hold the lowest share of the market – 27.7%.
South Pasadena, Florida | Housing tenure**
Renters take up 44% of South Pasadena, Florida real estate, occupying a total of 1,367 units, while homeowners live in 1,760 properties.
Median number of rooms of renter-occupied housing units**
3.1
Renter median household income**
$29,021
Average household size of renter-occupied housing units**
1.28
Rental vacancy rate**
3%
South Pasadena, Florida | Renter-occupied housing units by no. of bedrooms**
There are 494 rentals in South Pasadena, Florida with 1 bed making up the highest share of the market, at 36%. Units with No bedrooms, on the other hand, hold the lowest percentage (29%), amounting to 390 units. Overall, the median number of rooms in South Pasadena, Florida homes for rent is 3.1.
South Pasadena, Florida |Renter-occupied units by age of householder**
Most condos for rent in South Pasadena, Florida are occupied by residents in the 75 - 84 years age group (31%), followed by those in the 85 years and over age group (25%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 2%.
South Pasadena, Florida | Renter-occupied housing units by family type**
South Pasadena, Florida | Renter-occupied housing units by the presence of own children**
A total of 188 apartments for rent in South Pasadena, Florida, or 14% of all rentals are family households. Additionally, 3% of rental homes include children under the age of 18 – that’s 40 units. All in all, the median size of a renter-occupied household in South Pasadena, Florida is 1.28.
South Pasadena, Florida | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 17% of the rental market. In contrast, residents with less than a high school degree reside in 6% of the homes for rent in South Pasadena, Florida.
South Pasadena, Florida | Renter-occupied units by year structure built**
The highest share of South Pasadena, Florida apartment rentals, namely 38% or 515 units, were Built 1980 - 1989, followed by those Built 1970 - 1979 (35%, 482 units), and the ones Built 1960 - 1969 (11%, 155 units).
South Pasadena, Florida | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most South Pasadena, Florida renters (50%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their South Pasadena, Florida condos for rent is 2017.
South Pasadena, Florida | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 56% of South Pasadena, Florida renters have 1 vehicle available per household, 31% of them have No vehicle available, and 13% have 2 or more vehicles available.
South Pasadena, Florida | Means of transportation to work of householders living in renter-occupied housing units**
South Pasadena, Florida |Geographical mobility in the past year for householders living in renter-occupied housing units**
South Pasadena, Florida | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all South Pasadena, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates