The housing market in Berea, SC is booming. The median value of housing in Berea is $157,800, which is much lower than the US median value of $338,100. Also, the house appreciation rate over the past year has been 16.92%, which is almost double the US rate of 8.27%. This shows that the demand for housing in Berea is higher than average and buyers are willing to pay a premium for homes here. This is great news for homeowners in Berea as their property values will continue to appreciate at an above-average pace.
The median home cost in Berea is $157,800. Home appreciation the last 10 years has been 105.6%. Home Appreciation in Berea is up 21.9%.
Average Age of Homes
- The median age of Berea real estate is 42 years old
The Rental Market in Berea
- Renters make up 34.4% of the Berea population
- 2.3% of houses and apartments in Berea, 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.