The housing market in Summerville, SC is thriving. The median value of homes in Summerville is $355,200, which is higher than the national median value of $338,100. Furthermore, the one-year house appreciation rate in Summerville is 17.10%, significantly higher than 8.27% nationwide. This indicates that the real estate market in Summerville has been growing at a faster rate than other parts of the US, making it an attractive investment for buyers and sellers alike.
The median home cost in Summerville is $355,200. Home appreciation the last 10 years has been 136.5%. Home Appreciation in Summerville is up 23.1%.
Average Age of Homes
- The median age of Summerville real estate is 21 years old
The Rental Market in Summerville
- Renters make up 34.0% of the Summerville population
- 4.5% of houses and apartments in Summerville, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.