Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 25,258 people, 10,875 houses or apartments, and a median cost of homes of $339,368, North Augusta real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in North Augusta, accounting for 71.58% of the city's housing units. Other types of housing that are prevalent in North Augusta include large apartment complexes or high rise apartments ( 10.14%), row houses and other attached homes ( 8.71%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.44%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Augusta. Owner-occupied housing accounts for 69.88% of North Augusta's homes, and 63.13% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in North Augusta built from 1970 to 1999 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 North Augusta built between 2000 and later ( 32.11%). A lesser amount of the housing stock also hails from between 1940-1969 ( 29.31%). There's also some housing in North Augusta built before 1939 ( 2.66%).
Vacant housing appears to be an issue in North Augusta. Fully 12.05% of the housing stock is classified as vacant. Left unchecked, vacant North Augusta homes and apartments can be a drag on the real estate market, holding North Augusta 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.
Appreciation rates for homes in North Augusta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 99.73%, which ranks in the top 30% nationwide. This equates to an annual average North Augusta house appreciation rate of 7.16%.
Appreciation rates are so strong in North Augusta that despite a nationwide downturn in the housing market, North Augusta real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, North Augusta appreciation rates continue to be some of the highest in America, at 9.33%, which is higher than appreciation rates in 92.96% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in North Augusta. North Augusta appreciation rates in the latest quarter were at 3.06%, which equates to an annual appreciation rate of 12.82%.
Importantly, NeighborhoodScout’s exclusive research found that North Augusta's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to South Carolina, our data show that North Augusta's latest annual appreciation rate is higher than 90% 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 North Augusta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Augusta - 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 2000, to assist you in making the best North Augusta real estate investment or home purchase decisions.
$339,368
for South carolina
for nation
10,875
$1,813 / per month