The housing situation in the Hilton Head Island-Bluffton-Beaufort, SC Metro Area is quite robust. The median house value in this area is significantly higher than the national median house value, standing at $461,200 compared to $338,100 for the US as a whole. In addition, the one year appreciation of houses in this region is twice as high as the national rate - a remarkable 17.29% compared to 8.27%. These figures indicate that this area has seen significant growth in both prices and property values over the past year, reflecting robust market conditions and a strong demand for homes.
The median home cost in Hilton Head Island-Bluffton Metro Area is $461,200. Home appreciation the last 10 years has been 110.8%. Home Appreciation in Hilton Head Island-Bluffton Metro Area is up 25.6%.
Average Age of Homes
- The median age of Hilton Head Island-Bluffton Metro Area real estate is 25 years old
The Rental Market in Hilton Head Island-Bluffton Metro Area
- Renters make up 21.4% of the Hilton Head Island-Bluffton Metro Area population
- 3.3% of houses and apartments in Hilton Head Island-Bluffton Metro Area, 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.