Goose Creek appreciation rates and housing market information

Goose Creek housing market information

With 29,162 people, 9,469 houses or apartments, and a median cost of homes of $209,513, Goose Creek real estate is some of the most expensive in South Carolina, although Goose Creek home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Goose Creek, accounting for 68.21% of the city's housing units. Other types of housing that are prevalent in Goose Creek include row houses and other attached homes (13.79%), large apartment complexes or high rise apartments (9.26%), duplexes, homes converted to apartments, or other small apartment buildings (6.91%), and a few mobile homes or trailers (1.74%).

The most prevalent building size and type in Goose Creek are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 59.55% owning, and 34.80% renting.

There is a lot of housing in Goose Creek built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Goose Creek built from 1940-1969 (26.11%). A lesser amount of the housing stock also hails from 1995 and later (11.80%), and some were built from 1939 and earlier (11.80%).

Goose Creek home appreciation rates

Appreciation rates for homes in Goose Creek have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 85.84%, which ranks in the top 40% nationwide. This equates to an annual average Goose Creek house appreciation rate of 8.58%.

Over the last year, Goose Creek appreciation rates have trailed the rest of the nation. In the last twelve months, Goose Creek's appreciation rate has been -4.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Goose Creek were at -0.59%, which equates to an annual appreciation rate of -2.36%.

Notably, Goose Creek's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that Goose Creek's latest annual appreciation rate is higher than 7% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Goose Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Goose Creek - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Goose Creek real estate investment or home purchase decisions.