The housing in Southern Shops, SC is quite affordable when compared to the national average. The median value of a house in Southern Shops is $92,500, while the US median house value is $338,100. Additionally, over the past year, the appreciation rate for a house in Southern Shops has been 18.46%, which is substantially higher than the US 1 year house appreciation rate of 8.27%. This makes this area an attractive option for potential home buyers who may be looking for an affordable yet appreciating market.
The median home cost in Southern Shops is $92,500. Home appreciation the last 10 years has been 95.2%. Home Appreciation in Southern Shops is up 21.0%.
Average Age of Homes
- The median age of Southern Shops real estate is 36 years old
The Rental Market in Southern Shops
- Renters make up 59.7% of the Southern Shops population
- 2.5% of houses and apartments in Southern Shops, 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.