The housing market in South Carolina State is significantly more affordable than the national average. The median value for a house is $259,900 compared to the US median of $338,100. In addition, the 1-year appreciation rate in South Carolina State is 12.88%, which is higher than the national appreciation rate of 8.27%. This indicates that investing in real estate in this state could yield significant returns over time. With its affordability and impressive growth potential, South Carolina State offers many attractive opportunities for real estate investment.
The median home cost in South Carolina is $259,900. Home appreciation the last 10 years has been 99.3%. Home Appreciation in South Carolina is up 21.6%.
Average Age of Homes
- The median age of South Carolina real estate is 30 years old
The Rental Market in South Carolina
- Renters make up 26.1% of the South Carolina population
- 2.4% of houses and apartments in South Carolina, 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.