Housing in Bamberg, SC is relatively affordable compared to the US median value of $338,100. In fact, the median housing value in Bamberg is only $109,100 which represents a significant cost savings for those considering making this city their home. Additionally, the 1 year house appreciation rate in Bamberg has been 18.53%, nearly double the US average of 8.27%, making it an attractive area for potential investors as well. With its low cost of living and high appreciation rates, Bamberg may be an ideal location for individuals and families looking to settle down and build their lives.
The median home cost in Bamberg is $109,100. Home appreciation the last 10 years has been 81.3%. Home Appreciation in Bamberg is up 22.5%.
Average Age of Homes
- The median age of Bamberg real estate is 41 years old
The Rental Market in Bamberg
- Renters make up 22.1% of the Bamberg population
- 3.3% of houses and apartments in Bamberg, 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.