South Pasadena Real Estate Florida
South Pasadena is a small, quiet Florida Gulf coast community nestled conveniently between southwest St. Petersburg and the southern beaches of Pinellas County.
It's location, just moments from beautiful white sand Gulf beaches, excellent shopping, medical facilities and nearby cultural and sports events, make South Pasadena a unique City.
If this is your first visit you might want to check out the links below:
- Searching for NEW homes or selected communities
- Pre-construction Condos in the area. Selling a property
- Investment Properties / Commercial Properties
- Search HOMES by City in the Tampa Bay Area
If this is not your first visit, then you may be looking for more information about:
- Schools in the area / Demographics / Beach / Golf Courses
- WHY Pasadena, FL Real Estate? / Why me as your Pasadena, FL Realtor?
- Useful phone numbers / Pasadena, FL Area Info: arts, entertainment, etc.
Forecast for South Pasadena, FL
1. The Elders
This is the oldest market, with a median age of 73 years. Representing the highest concentration of retired residents, The Elders favor communities designed for senior living, primarily in warm climates.
Half live in Florida, and most of the rest live in Arizona and California. Sources of income are apparently Social Security and retirement income.
Over 80 percent of the households draw Social Security, over three times the U.S. figure.
2. Midlife Junction
Somewhere between the child-rearing years and retirement lies the Midlife Junction. Few households still have children.
Most of the labor force is still employed, but approaching retirement. Almost a third are already drawing retirement income.
Most still own their homes, but many have moved into multi-unit apartment buildings.
The housing market is a mix of single-family homes and low-density apartments, somewhere between urban and rural.
The residents of Midlife Junction have a median age of 40 years and a median household income of $42,900.
3. Silver and Gold
These are the wealthiest seniors, predominantly retired from professional occupations, with a median age of 58 years.
Their affluence has afforded relocation to sunnier climates. More than half live in the South, mainly in Florida. California and Arizona are also popular. A quarter of the homes are located in the West.
Neighborhoods are exclusive, with median home value over $276,000 and a high share of seasonal housing.
Source: ESRI Business Information Solutions