Red Bank, SC is a great place to live with its housing prices being significantly lower than the US median. The median value for homes in Red Bank is $156,800 compared to the US median of $338,100. Furthermore, homes in Red Bank appreciate at a much higher rate than the rest of the US. The 1 year appreciation for houses in Red Bank is 18.53%, more than double the 8.27% appreciation of houses across the United States. This makes Red Bank an ideal place for those looking for an affordable home with significant upside potential.
The median home cost in Red Bank is $156,800. Home appreciation the last 10 years has been 81.3%. Home Appreciation in Red Bank is up 22.5%.
Average Age of Homes
- The median age of Red Bank real estate is 26 years old
The Rental Market in Red Bank
- Renters make up 18.1% of the Red Bank population
- 0.6% of houses and apartments in Red Bank, 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.