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Housing in South Gate Ridge · A seller's market

A typical South Gate Ridge home is worth roughly $433,000

Homes typically sell in 117 days, below asking.

Typical home value
$433K
▼ 9.4% in a year · FL $359K
Estimate
Median sale price
$385K
May 2026 · Redfin
Days on market
117
Slower than FL (66)
Sale-to-list
93.9%
Homes sell below asking
Homes sold
10
in May · 31 for sale
2-bedroom rent
$2,140
a month, utilities in · HUD
Median tax bill
$2,992
FL $2,730

What kind of housing town is South Gate Ridge?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Price trend

Home prices up 49% in 5 years

The federal house price index for the ZIP codes around South Gate Ridge rose 49% over the past 5 years, slower than across Florida (60%). Last year prices fell 9.4%. Carrying the Census median home value forward with that index puts the typical South Gate Ridge home at roughly $433,000 today.

South Gate Ridge areaFlorida
0%+50%+100%+150%+200%+250%+300%200020052010201520202025
−9.4%
past year
+49%
past 5 years
+104%
past 10 years
Estimated value

Carrying the Census median forward with the index puts a typical home at about $433K.

How South Gate Ridge ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around South Gate Ridge, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Affordability

A typical home costs 6.1 years of income

More than across Florida (4.8 years). Try your own numbers below.

You could afford about
$281,000
Typical South Gate Ridge home $433K

That’s $151K short of a typical South Gate Ridge home.

The typical home, each month
$2,510
Loan $2,140Tax $240Insurance $130

A two-bedroom rents for about $2,140 a month here, $370 less than owning.

Where your budget reaches nearby

How South Gate Ridge ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, South Gate Ridge’s typical property tax (0.67% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Market temperature

A seller's market

Supply is tight — about 3.1 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.

BalancedA seller's marketBuyer’sSeller’s

Under ~4 months of supply favors sellers; over ~6 favors buyers.

3.1
months of supply · FL 4.7
117
days to sell · FL 66
93.9%
of asking price, at sale
10%
sold above asking
40%
under contract within 2 weeks
10
new listings in May

Redfin Data Center, all residential sales, May 2026.

Renting

A two-bedroom rents for about $2,140

Renters already here pay a median of $1,612, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,540
1 bedroom$1,830
2 bedrooms$2,140
3 bedrooms$2,770
4 bedrooms$3,300
34%
of households rent · FL 32%
693
renter households
61%
of renters spend 30%+ of income on rent · FL 60%
36%
of the median income, for a two-bedroom
$1,612
median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (North Port-Bradenton-Sarasota, FL MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

66% of South Gate Ridge households own their home

Half of South Gate Ridge’s homes were built before 1980.

Owners and renters
Own 66%Rent 34%

Florida: 68% own.

1980
typical home built · FL 1988
$2,992
median property tax bill · FL $2,730
0.67%
of a home’s value, a year in tax · FL 0.76%
7%
of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Next door

South Gate Ridge vs. its neighbors

South Gate Ridge is the priciest of 3 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
South Gate Ridge$433K*−9.4%†$2,140$70,469
Ridge Wood Heights$371K*−8.1%†$2,050$69,894
Bee Ridge$412K*−10.3%†$2,200$75,906

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What South Gate Ridge buyers, sellers and renters are saying.

Town Square →
Weigh in
The data says South Gate Ridge is a seller's market. Is that what you’re seeing?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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