South Shore Kentucky Area Home Supply Charts

This page looks at a variety of South Shore Kentucky housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. South Shore shows it has a Housing Units of 528 which is the second smallest in order of housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the South Shore housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) South Shore shows it has a Housing Density of 798.7 which is the third most of all other places in the local area. The city with the highest housing density in the area is New Boston which shows a density of 1081.6 (35.4% larger). Comparing housing density to the United States average of 38.9, South Shore is markedly bigger. Also, measured against the state of Kentucky, housing density of 50.4, South Shore is very much bigger.

In Figure 4, South Shore area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. South Shore depicts it has a Housing Unit Change of -9.3% which is the second smallest in terms of change in the housing units of all the other places in the local area. The city with the highest change in the housing units in the area is Portsmouth which shows a housing units of 7.8% ( about the same size). Comparing change in the housing units to the United States average of 5.7%, South Shore is 63.2% larger. Also, benchmarked against the state of Kentucky, change in the housing units of 2.9%, South Shore is approximately 3.1 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) South Shore indicates it has a Renter Percent of 55.4% which is the second most of all the places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 44.6% which is the second smallest in order of owner percent of all the other places in the metro area.

South Shore Kentucky Home Cost Charts

Looking at the housing data provided in Figure 7, the average South Shore home price is illustrated for this community and a useful analysis of affordable housing. South Shore depicts it has a Median Home Value of $64,100 which is the second smallest in order of median home price of all the other places in the surrounding region. The city with the highest median home price in the area is Wheelersburg CDP which shows a home price of $159,300 (approximately 2.5 times bigger). Figure 8 provides aggregate comparative data for the South Shore Kentucky metro area in terms of the median housing rental rate, apartment rent, etc. South Shore shows it has a Median Gross Rent of $650 which is the third most of all other places in the greater region. The city with the highest rental rates in the area is Rosemount CDP which shows a rental rates of $715 (10.0% larger). Comparing rental rates to the United States average of $1,062, South Shore is approximately three-fourths the size. Also, compared to the state of Kentucky, rental rates of $763, South Shore is about 17.4% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. South Shore has the largest proportion of home price worth less than $50,000 at 68% of the total and is ranked #1. Second, it has the second smallest when sorted by home price worth less than $50,000 of all the other places in the local area when sorted by home price worth between $50,000 to $100,000 at 4% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. South Shore depicts it has a Median Owner Cost of $463 which is the smallest in order of median ownership cost of all the other places in the metropolitan area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the South Shore metro area. it has a Owner Cost as % of HH Income of 22% which is the largest of all places in the greater South Shore region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. South Shore depicts it has a Median Home Value as Percent of Median Earnings of 244% which is the second most median home value as a percent of median worker earnings of all the places in the greater South Shore region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) South Shore depicts it has a Median Owner Costs-With Mortgage of $748 which is the second smallest as measured by median housing cost of all the other places in the metropolitan area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $349 which is the second smallest in terms of median housing cost of all the other places in the metropolitan area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. South Shore has the largest proportion of owner cost less than $300 at 48% of the total and is ranked #1. Second, it has one of the largest proportions of owner cost between $300 and $500 at 22% of the total and is ranked #2. The only larger city being Wheelersburg CDP with 22%. Third, it has one of the largest proportions of owner cost between $500 and $700 at 24% of the total and is ranked #3. Only #2 Portsmouth (24%), and #1 New Boston (26%) are larger.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) South Shore depicts it has a % of Income Owner Costs-With Mortgage of 24% which is at the top of all other places in the greater South Shore region. Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. South Shore shows it has a % of Income Owner Costs-No Mortgage of 18% which is the largest of all places in the metro area.

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) South Shore has one of the largest proportions of rent as a percent of income is less than 10 pct at 23% of the total and is ranked #3. Only #2 Wheelersburg CDP (24%), and #1 Rosemount CDP (80%) are larger. Second, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the metro area as measured by rent as a percent of income is between 20pct to 30pct at 2% of the total. Third, it has one of the largest proportions of rent as a percent of income is between 30pct to 40pct at 13% of the total and is ranked #2. The only larger city being Sciotodale CDP with 27%. Also, it has less than most other places in the greater region when ranked by rent as a percent of income is between 40pct to 50pct at 18% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. South Shore has the smallest proportion of housing cost less than $300 at 18% of the total. Second, it has the largest proportion of housing cost between $500 and $700 at 27% of the total and is ranked #1. Third, it has the smallest proportion of housing cost between $700 and $1,000 at 3% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $545 which is the smallest as measured by median real estate taxes paid of all the other places in the local area. The city with the highest median real estate taxes paid in the area is Wheelersburg CDP which shows a taxes paid of $1,571 (approximately 2.9 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, South Shore is approximately a fifth the size. Also, benchmarked against the state of Kentucky, median real estate taxes paid of $1,210, South Shore is approximately half the size.

Figure 23 shows the rental rate distribution for this area. South Shore Kentucky has the percentage of rent less than 300 dollars the second smallest when sorted by rent less than 300 dollars of all the other places in the local area at 5% of the total. Second, it has the smallest proportion of rent between 300 and 500 dollars at 24% of the total. Third, it has the largest proportion of rent between 500 and 750 dollars at 28% of the total and is ranked #1.

South Shore Kentucky Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. South Shore has the largest proportion of no 2nd mortgage and no heloc at 64% of the total and is ranked #1.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. South Shore has the largest proportion of houses with mortgages at 64% of the total and is ranked #1.

South Shore Kentucky Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.5 which is the highest of all places in the greater South Shore region. Comparing family members per housing unit to the United States average of 3.3, South Shore is only about 5.8% larger. Also, benchmarked against the state of Kentucky, family members per housing unit of 3.1, South Shore is 11.8% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.1 which is the second smallest in terms of average number of rooms in a house of all the other places in the metropolitan area. The city with the highest average number of rooms in a house in the area is Wheelersburg CDP which depicts an average number of rooms in a house of 5.9 (15.7% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1961 which is the second most year built of all the places in the greater South Shore region. The city with the highest year built in the area is Wheelersburg CDP which depicts a year built of 1975 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2000 to 2009 at 12% of the total and is ranked #1. Second, it has the second smallest in terms of homes built in 2014 or later of all the other places in the local area as measured by homes built between 1990 to 1999 at 6% of the total. Third, it has the largest proportion of homes built between 1970 to 1979 at 20% of the total and is ranked #1. Also, it has the largest proportion of homes built between 1960 to 1969 at 24% of the total and is ranked #1. In addition, it has less than most other places in the local area when sorted by homes built between 1950 to 1959 at 8% of the total. Furthermore, it has less than most other places in the local area in terms of homes built between 1940 to 1949 at 16% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units in the mid range of other places in the metropolitan area at 229 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of 3 or 4 units at 6% of the total and is ranked #2. The only larger city being Wheelersburg CDP with 7%. Second, it has the largest proportion of 50 or more units at 15% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 1970 to 1979 less than most other places in the greater region at $55,500 of the total. Second, it has less than most other places in the metropolitan area in terms of value of homes built 1960 to 1969 at $70,800 of the total. Third, it has one of the largest proportions of value of homes built 1940 to 1949 at $72,700 of the total and is ranked #2. The only larger city being Wheelersburg CDP with $82,400.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 22% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for South Shore residents. it has a Owner-Household Size of 2.0 which is the smallest in order of homeowner household size of all the other places in the local area. The city with the highest homeowner household size in the area is Rosemount CDP which depicts a homeowner household size of 2.8 (42.9% larger).

Figure 37 shows the household size for renters. South Shore depicts it has a Renter-Household Size of 2.6 which is ranked #1 of all places in the greater South Shore region. Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2017 or later in the mid point range of other places in the metro area at 10% of the total. Second, it has the largest proportion of owners moved in 2015 to 2016 at 32% of the total and is ranked #1. Third, it has the smallest proportion of owners moved in 2000 to 2009 at 15% of the total. Figure 39 shows the year that people who rent moved into the area. South Shore has one of the largest proportions of renters moved in 2010 to 2014 at 18% of the total and is ranked #2. The only larger city being Wheelersburg CDP with 23%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2001 which is the second most median year that a home owner moved in of all the places in the greater South Shore region. Figure 41 compares the median year that renters moved into their home. South Shore shows it has a Renter Median Year Moved In of 2014 which is the third most median year that a renter moved in of all other places in the greater South Shore region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of home using bottled, tank, or lp gas at 41% of the total and is ranked #2. The only larger city being West Portsmouth CDP with 50%.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the South Shore housing department, Kentucky department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. South Shore indicates it has a Total In Group Quarters of 63 which is in the mid range of other places in the metro area.

Figure 44 shows the percentage of people who are living in group quarters to the total population for South Shore residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) South Shore has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.