Real estate in popular SC cities
About South Carolina
Though not separated from its sister state to the north until 1729, South Carolina has a proud history of individualism. In March 1776, four months before the Declaration of Independence was signed, South Carolina declared itself free of English rule and appointed its own president. A few years later, South Carolina was the first state to ratify the Articles of Confederation. But after the election of President Abraham Lincoln, South Carolina's right to continue keeping African slaves - who comprised more than half of its pre-war population- became a crucial economic issue. Maverick South Carolina then became the first state to secede from the Union in December 1860, and it was the site for the first battle of the Civil War, at Fort Sumter in Charleston, in 1861.
Until 1800 a major colonial city - 4th largest behind Philadelphia, New York and Boston - Charleston is an historical and architectural treasure, christened "the Best Mannered City in the U.S." by an etiquette expert. But Charleston today is growing fast, along with other metro areas along the coast. In 2009 the estimated population of South Carolina was 4,313,642, comprised of 68.4% white and 29.2% black. Thanks to its warm climate, beautiful beaches, and hundreds of golf courses, South Carolina is the new retirement mecca, attractive to thousands of retirees for its affordability. Indeed, recently the median sales price for real estate in Horry County (Myrtle Beach), the hottest market in SC, was $172,000 compared to $300,000 in Palm Beach County, Florida's most popular market. For the entire state, the median home value in 2009 was $145,900 while the median income was $35,031.
Boasting more than 100 golf courses, Myrtle Beach is the epicenter of the Grand Strand, a 60-mile stretch of beaches separated from the SC mainland by the Intracoastal Waterway. More than 16 million vacationers visit the Myrtle Beach area each year; other favorite destinations along the coast are the upscale golf and tennis resorts of Hilton Head Island and Kiawah Island. Not surprisingly, tourism is the leading sector of South Carolina's economy.
Manufacturing and agriculture also contribute significantly to South Carolina's economy. Cotton is still king in SC, but tobacco, peaches, and livestock are also major products, and like its equally forested neighbors, North Carolina and Georgia, lumber and paper also generate substantial income in South Carolina.
On the opposite end of the technology spectrum, South Carolina is also home to the Savannah River Site and National Laboratory, established near Aiken by the Department of Energy in the 1950s to produce plutonium and tritium for nuclear weapons. Now a research center and nuclear waste handling facility, the 300-square-mile Savannah River Site employs more than 12,000 people including chemists, engineers, environmental scientists and radioactive materials handlers.
|SOUTH CAROLINA INFORMATION||DETAIL|
|NUMBER OF HOMES AND APARTMENTS||1,801,181|
|SOUTH CAROLINA HOME OWNERSHIP|
|% OWNER OCCUPIED||70.07%|
|% RENTER OCCUPIED||29.72%|
|TYPE OF SOUTH CAROLINA HOMES|
|SINGLE FAMILY DETACHED||63.57%|
|ROWHOUSES AND ATTACHED HOMES||2.38%|
|SMALL APARTMENT BUILDINGS||4.91%|
|COMPLEXES OF HIGH RISE APARTMENTS||10.64%|
|SIZE OF SOUTH CAROLINA HOMES|
|5 OR MORE BEDROOMS||3.01%|
|AGE OF SOUTH CAROLINA HOMES|
|NEWER HOMES (2000 OR LATER)||19.13%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||53.87%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||21.50%|
|HISTORIC (1939 OR BEFORE)||5.29%|
|SOUTH CAROLINA REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$133,683|
|MEDIAN RENTAL PRICE||$728|
|HOME VALUE RANGE|
|$0 - $49,000||14.60%|
|$49,001 - $98,000||20.47%|
|$98,001 - $197,000||35.54%|
|$197,001 - $295,000||14.91%|
|$295,001 - $393,000||6.10%|
|$393,001 - $491,000||2.75%|
|$491,001 - $737,000||3.05%|
|$737,001 - $983,000||1.27%|
|PEOPLE OF SOUTH CAROLINA||DETAILS|
|UNDER 5 YEARS||6.54%|
|5 TO 17||16.82%|
|18 TO 24||10.30%|
|25 TO 34||12.80%|
|35 TO 54||27.26%|
|55 TO 64||12.62%|
|65 YEARS AND OVER||13.59%|
|EDUCATION ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||82.99%|
|MEDIAN HOUSEHOLD INCOME||$46,367|
|PER CAPITA INCOME||$23,576|
|INDIVIDUALS BELOW POVERTY LEVEL||16.52%|
|INDUSTRIES PEOPLE WORK IN||Education (20.71%)
Professional, scientific, and technical services (8.81%)
Public Service (5.00%)
|BLACK OR AFRICAN AMERICAN||27.90%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.42%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.06%|
|SOME OTHER RACE ALONE||2.45%|
|TWO OR MORE RACES||1.73%|
|HISPANIC OR LATINO (OF ANY RACE)||5.10%|
|ETHNICITIES PRESENT||Other groups (37.86%)
|LANGUAGES SPOKEN||English (93.39%)
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