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Southborough Mortgage Quotes And Real Estate


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Southborough Mortgage and Real Estate Facts

Overview

House hunters in Southborough will find an estimated 2,952 individual houses, condominiums, and apartments. Approximately 88% of housing in the town is owner-occupied.

Southborough Mortgage

At least 75% of home owners in Southborough are making mortgage payments. Like 24% of homeowners in the town, you might also use your home's equity with a second mortgage or home equity loan.

Mortgage and interest rate quotes for the Southborough area (or anywhere else you choose in the US) are available, without obligation or credit checks:

Southborough Mortgage Statistics

CategoryValue
Homes With No Mortgage25%
With A Mortgage75%
First Mortgage Only51%
Second Mortgage or Home Equity Loan24%
Second Mortgage Only9%
Home Equity Loan Only15%

Southborough Housing Expenses

CategoryValue
Owner Costs as % of Income17.8%
Median Real Estate Taxes (2000)$3,486

Southborough Household Size

CategoryValue
Total Occupied2,952
1-Person Households14%
2-Person Households30%
3-Person Households18%
4-Person Households25%
5-Person Households10%
6-Person Households2%
7+-Person Households0%

Southborough Housing Stock

CategoryValue
Median Year Built1972
Median Year Built (Owner Occupied)1974
Median Year Built (Renter Occupied)1954

Southborough Home Heating

CategoryValue
Using Utility Co. Gas Heat28%
Using Bottled/Tank Gas Heat5%
Using Electric Heat5%
Using Oil Heat60%
Using Coal0%
Using Wood Heating1%
Using Solar Heat0%
Other Heating1%
No Heating0%

Southborough Housing Size

CategoryValue
No Bedrooms0%
1 Bedroom0%
2 Bedrooms9%
3 Bedrooms38%
4 Bedrooms46%
5+ Bedrooms7%

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