Myrtle Grove—32511
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Myrtle Grove
Myrtle Grove lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | N/A | N/A |
| Single Family | N/A | N/A |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
No data available
Rental Trends — Myrtle Grove
Myrtle Grove lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
No data available
Property Listings — Myrtle Grove
Myrtle Grove lacks sufficient listing trend data for analysis.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | N/A | N/A |
Listing Count | N/A | N/A |
| Listings as % of Homes | N/A | N/A |
Days on Market | N/A | N/A |
Demographics — Myrtle Grove
As of the latest ACS Survey released in 2023, Myrtle Grove has a population of 1,170, which has increased by 13.2% over the past 5 years. Myrtle Grove is a less popular place for families, as children make up 0.0% of the population. The area has a moderately educated workforce, with 34.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 26.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,170 | 13.2% |
% Under 18 | 0.0% | N/A |
% Seniors | 0.0% | N/A |
% WFH | 26.9% | -47.0% |
% w/ College Degree | 34.1% | 4.0% |
As of the latest ACS Survey released in 2023, Myrtle Grove is a predominantly white area, with 55.6% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Myrtle Grove is hispanic, making up 23.2% of the population. Foreign-born residents account for 1.7% of the population in Myrtle Grove, and this percentage has decreased by 63.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 55.6% | 2.0% |
% Black | 10.5% | -31.4% |
% Hispanic | 23.2% | 8.4% |
% Asian | 6.6% | 144.4% |
% Foreign Born | 1.7% | -63.0% |
Mortgage and Risk — Myrtle Grove
According to HUD data as of 2023, there were 8 mortgage originations in Myrtle Grove, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Myrtle Grove. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 8 |
% Conventional Loans | 50.0% |
% Government Loans | 50.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Myrtle Grove
Myrtle Grove lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,370 |
| 2 Bedroom | N/A | N/A | $1,620 |
| 3 Bedroom | N/A | N/A | $2,170 |
| 4 Bedroom | N/A | N/A | $2,670 |
Affordability — Myrtle Grove
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | N/A |
| Median Home Price | N/A |
| Median Household Income | N/A |