Moncks Corner appreciation rates and housing market information

Moncks Corner housing market information

With 5,991 people, 2,408 houses or apartments, and a median cost of homes of $167,373, Moncks Corner real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Moncks Corner, accounting for 59.93% of the town's housing units. Other types of housing that are prevalent in Moncks Corner include large apartment complexes or high rise apartments (18.90%), duplexes, homes converted to apartments, or other small apartment buildings (9.72%), mobile homes or trailers (8.93%), and a few row houses and other attached homes (2.53%).

The most prevalent building size and type in Moncks Corner are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 52.99% owning, and 37.42% renting.

There is a lot of housing in Moncks Corner 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 Moncks Corner built from 1940-1969 (27.37%). A lesser amount of the housing stock also hails from 1995 and later (7.14%), and some were built from 1939 and earlier (7.14%).

Moncks Corner home appreciation rates

Real estate appreciation rates in Moncks Corner have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.24% during the period.

Over the last year, Moncks Corner appreciation rates have trailed the rest of the nation. In the last twelve months, Moncks Corner's appreciation rate has been -6.13%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Moncks Corner were at -0.92%, which equates to an annual appreciation rate of -3.68%.

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

Relative to South Carolina, our data show that Moncks Corner's latest annual appreciation rate is higher than 4% of the other cities and towns in South Carolina.