The housing market in Ravenel, SC is thriving and has seen significant growth over the past year. The median value of a house in Ravenel is $468,200 compared to the US national median of $338,100. Furthermore, the US House 1-year appreciation rate is 8.27%, whereas in Ravenel it is an impressive 17.10%. This reflects the strong economic conditions that ravenel is currently experiencing. With such attractive housing prices and steady home appreciation rates, now may be an ideal time for people looking to invest in real estate in Ravenel, SC.
The median home cost in Ravenel is $468,200. Home appreciation the last 10 years has been 136.5%. Home Appreciation in Ravenel is up 23.1%.
Average Age of Homes
- The median age of Ravenel real estate is 30 years old
The Rental Market in Ravenel
- Renters make up 11.9% of the Ravenel population
- 0.0% of houses and apartments in Ravenel, 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.