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Southbridge, MA Real Estate


According to census data in the year 2000 there were 5,720 housing units in Southbridge. This represents a 1.5% decline from 5,809 in 1990.

Of those housing units, 5,720 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Southbridge is about 37.3%. Southbridge's vacancy rate, including seasonal lodging, is about 6.7%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Southbridge were built after 1942.

Statistics

Housing Size

Housing Units by Size
Studio Type1.50%
One Bedroom17.10%
Two Bedrooms37.90%
Three Bedrooms32.40%
Four Bedrooms7.80%
Five Bedrooms or more3.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.65
Median year structure was built1939
Median Value of occupied units$106,900
Median Price asked for vacant units$113,800

Rented Homes, Apartments and Condos

Average Household Size2.22
Median year structure was built1945
Median Monthly Rent asked for vacant units$497

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.60%
Home Equity Loan5.60%
Simple Mortgage56.60%
Debt Free35.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.6%