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
With 13,306 people, 4,630 houses or apartments, and a median cost of homes of $296,811, Beaufort real estate is some of the most expensive in South Carolina, although Beaufort home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Beaufort, accounting for 69.68% of the city's housing units. Other types of housing that are prevalent in Beaufort include large apartment complexes or high rise apartments ( 16.93%), duplexes, homes converted to apartments or other small apartment buildings ( 6.09%), and a few row houses and other attached homes ( 5.05%).
The most prevalent building size and type in Beaufort are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.59% owning and 49.41% renting.
There is a lot of housing in Beaufort 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 Beaufort built between 1940-1969 ( 35.33%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.16%). There's also some housing in Beaufort built before 1939 ( 8.00%).
Vacant housing appears to be an issue in Beaufort. Fully 20.16% of the housing stock is classified as vacant. Left unchecked, vacant Beaufort homes and apartments can be a drag on the real estate market, holding Beaufort 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.
Beaufort's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beaufort during the period has been just -0.96%, which is lower than 70% of US communities.
Appreciation rates are so strong in Beaufort that despite a nationwide downturn in the housing market, Beaufort real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Beaufort appreciation rates continue to be some of the highest in America, at 8.02%, which is higher than appreciation rates in 86.78% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Beaufort. Beaufort appreciation rates in the latest quarter were at 2.88%, which equates to an annual appreciation rate of 12.03%.
Importantly, this makes Beaufort one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to South Carolina, our data show that Beaufort's latest annual appreciation rate is higher than 80% 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 Beaufort differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Beaufort - 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 Beaufort real estate investment or home purchase decisions.
|$887,001 - $1,183,000||3.2|
|$591,001 - $887,000||6.3|
|$473,001 - $591,000||7.0|
|$354,001 - $473,000||12.6|
|$237,001 - $354,000||20.2|
|$118,001 - $237,000||31.9|
|$59,001 - $118,000||9.9|
|$0 - $59,000||5.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Beaufort HOMES|
|2000 or Newer||20.2|
|1970 - 1999||36.5|
|1940 - 1969||35.3|
|1939 or Older||8.0|
|TYPE OF Beaufort HOMES|
|Small Apt. Buildings||6.1|
|SIZE OF Beaufort HOMES|
|5 or more bedrooms||2.59|