Edgefield appreciation rates and housing market information

Edgefield housing market information

With 4,484 people, 1,234 houses or apartments, and a median cost of homes of $123,309, house prices in Edgefield are solidly below the national average.

single-family detached homes are the single most common housing type in Edgefield, accounting for 70.34% of the town's housing units. Other types of housing that are prevalent in Edgefield include duplexes, homes converted to apartments, or other small apartment buildings (13.45%), large apartment complexes or high rise apartments (9.64%), and a few mobile homes or trailers (6.24%).

People in Edgefield primarily live in small (one, two, or no bedroom) single-family detached homes. Edgefield has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Edgefield's housing was primarily built during this period, from the '40s through the '60s. A full 42.06% of the town's housing hails from this era. Other housing ages represented in Edgefield include homes built between 1970-1994 (34.52%), and housing constructed from 1939 and earlier (18.96%). There's also some housing in Edgefield built between 1995 and later (4.46%).

Vacant housing appears to be an issue in Edgefield. Fully 10.86% of the housing stock is classified as vacant. Left unchecked, vacant Edgefield homes and apartments can be a drag on the real estate market, holding Edgefield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Edgefield home appreciation rates

Appreciation rates for homes in Edgefield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 83.50%, which ranks in the top 40% nationwide. This equates to an annual average Edgefield house appreciation rate of 8.35%.

Appreciation rates are so strong in Edgefield that despite a nationwide downturn in the housing market, Edgefield real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edgefield appreciation rates continue to be some of the highest in America, at 3.98%, which is higher than appreciation rates in 83% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edgefield. Edgefield appreciation rates in the latest quarter were at 1.09%, which equates to an annual appreciation rate of 4.36%.

Relative to South Carolina, our data show that Edgefield's latest annual appreciation rate is higher than 77% of the other cities and towns in South Carolina.