Saluda appreciation rates and housing market information

Saluda housing market information

With a population of 3,139, 1,216 total housing units (homes and apartments), and a median house value of $106,837, house prices in Saluda are solidly below the national average.

single-family detached homes are the single most common housing type in Saluda, accounting for 71.71% of the town's housing units. Other types of housing that are prevalent in Saluda include mobile homes or trailers (15.54%), duplexes, homes converted to apartments, or other small apartment buildings (7.24%), and a few large apartment complexes or high rise apartments (5.18%).

The most prevalent building size and type in Saluda are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 53.86% owning, and 37.25% renting.

There is a lot of housing in Saluda 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 Saluda built from 1940-1969 (40.79%). A lesser amount of the housing stock also hails from 1939 and earlier (13.82%), and some were built from 1995 and later (13.82%).

Saluda home appreciation rates

Real estate appreciation rates in Saluda have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.59% during the period.

Appreciation rates are so strong in Saluda that despite a nationwide downturn in the housing market, Saluda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Saluda appreciation rates continue to be some of the highest in America, at 2.67%, which is higher than appreciation rates in 71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Saluda. Saluda appreciation rates in the latest quarter were at 0.55%, which equates to an annual appreciation rate of 2.20%.

Relative to South Carolina, our data show that Saluda's latest annual appreciation rate is higher than 67% of the other cities and towns in South Carolina.