Aiken, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Aiken Neighborhoods Since 2000




Aiken, SC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Aiken Housing Market Information

With a population of 30,604, 12,414 total housing units (homes and apartments), and a median house value of $188,425, Aiken real estate is some of the most expensive in South Carolina, although Aiken home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Aiken, accounting for 70.50% of the city's housing units. Other types of housing that are prevalent in Aiken include large apartment complexes or high rise apartments ( 10.76%), duplexes, homes converted to apartments or other small apartment buildings ( 10.27%), and a few row houses and other attached homes ( 6.61%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Aiken. Owner-occupied housing accounts for 66.86% of Aiken's homes, and 62.68% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Aiken 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 Aiken built between 2000 and later ( 23.29%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.09%). There's also some housing in Aiken built before 1939 ( 6.93%).

Vacant housing appears to be an issue in Aiken. Fully 13.60% of the housing stock is classified as vacant. Left unchecked, vacant Aiken homes and apartments can be a drag on the real estate market, holding Aiken 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.

Aiken Home Appreciation Rates

Real estate appreciation rates in Aiken's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.52% during the period.

Appreciation rates are so strong in Aiken that despite a nationwide downturn in the housing market, Aiken real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Aiken appreciation rates continue to be some of the highest in America, at 6.39%, which is higher than appreciation rates in 77.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Aiken. Aiken appreciation rates in the latest quarter were at 0.72%, which equates to an annual appreciation rate of 2.91%.

Relative to South Carolina, our data show that Aiken's latest annual appreciation rate is higher than 70% 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 Aiken differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Aiken - 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 Aiken real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$188,425

Aiken, SC HOME PRICES

Value Range
> $1,036,000 1.0
$777,001 - $1,036,000 0.7
$518,001 - $777,000 3.9
$415,001 - $518,000 4.7
$311,001 - $415,000 9.3
$207,001 - $311,000 14.3
$104,001 - $207,000 38.4
$52,001 - $104,000 18.9
$0 - $52,000 8.9

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
35.3334114613852 14.8698884758364

Number Of Homes And Apartments:
12,414

Aiken Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
39.78% 1.96% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,125 / per month

Homeownership Rate

Homeownership
Owners 66.86
Renters 33.14
Vacant 13.60

Housing Market Details

 

Age of Homes

AGE OF Aiken HOMES
2000 or Newer 23.3
1970 - 1999 46.7
1940 - 1969 23.1
1939 or Older 6.9

Types of Homes

TYPE OF Aiken HOMES
Single-Family 70.5
Townhomes 6.6
Small Apt. Buildings 10.3
Apt. Complexes 10.8
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Aiken HOMES
No Bedroom 2.75
1 Bedroom 6.05
2 Bedrooms 24.91
3 Bedrooms 46.10
4 Bedrooms 16.58
5 or more bedrooms 3.61