The housing market in 29129 Ridge Spring, SC is showing strong appreciation rates compared to the US median. The median value of a house in Ridge Spring is $125,000, much lower than the US median of $338,100. However, the 1 year House Appreciation rate in Ridge Spring is 15.43%, significantly higher than the 8.27% appreciation rate for the United States as a whole. This can be attributed to several factors including strong demand for housing in the region and relative affordability compared to other areas of South Carolina or the country at large.
The median home cost in Ridge Spring (zip 29129) is $125,000. Home appreciation the last 10 years has been 71.1%. Home Appreciation in Ridge Spring (zip 29129) is up 23.1%.
Average Age of Homes
- The median age of Ridge Spring (zip 29129) real estate is 35 years old
The Rental Market in Ridge Spring (zip 29129)
- Renters make up 29.0% of the Ridge Spring (zip 29129) population
- 0.7% of houses and apartments in Ridge Spring (zip 29129), 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.