Beaufort, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Beaufort Neighborhoods Since 2000




Beaufort, SC Real Estate Data


Beaufort Housing Market Information

With 13,306 people, 4,538 houses or apartments, and a median cost of homes of $274,675, 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 68.86% of the city's housing units. Other types of housing that are prevalent in Beaufort include large apartment complexes or high rise apartments ( 16.64%), duplexes, homes converted to apartments or other small apartment buildings ( 7.48%), and a few row houses and other attached homes ( 4.56%).

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 50.10% owning and 49.90% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Beaufort's housing was primarily built during this period, from the '40s through the '60s. A full 38.71% of the city's housing hails from this era. Other housing ages represented in Beaufort include homes built between 1970-1999 ( 36.20%) and housing constructed between 2000 and later ( 17.93%). There's also some housing in Beaufort built before 1939 ( 7.16%).

Vacant housing appears to be an issue in Beaufort. Fully 21.92% 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 Home Appreciation Rates

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 -1.30%, which is lower than 80% of US communities.

Over the last year, Beaufort appreciation rates have trailed the rest of the nation. In the last twelve months, Beaufort's appreciation rate has been 2.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beaufort were at -0.36%, which equates to an annual appreciation rate of -1.42%.

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

Relative to South Carolina, our data show that Beaufort's latest annual appreciation rate is lower 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.

Average Home Values

 

Median Home Value:
$274,675

Beaufort, SC HOME PRICES

Value Range
> $1,148,000 3.6
$861,001 - $1,148,000 4.6
$574,001 - $861,000 7.0
$459,001 - $574,000 4.6
$344,001 - $459,000 11.8
$230,001 - $344,000 22.8
$115,001 - $230,000 29.0
$57,001 - $115,000 8.8
$0 - $57,000 7.8

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
19.7165778532529 7.0631970260223

Number Of Homes And Apartments:
4,538

Rent & Ownership

 

Average Market Rent:
$1,061 / per month

Homeownership Rate

Homeownership
Owners 50.10
Renters 49.90
Vacant 21.92

Housing Market Details

 

Age of Homes

AGE OF Beaufort HOMES
2000 or Newer 17.9
1970 - 1999 36.2
1940 - 1969 38.7
1939 or Older 7.2

Types of Homes

TYPE OF Beaufort HOMES
Single-Family 68.9
Townhomes 4.6
Small Apt. Buildings 7.5
Apt. Complexes 16.6
Mobile Homes 2.3
Other 0.1

Home Size

SIZE OF Beaufort HOMES
No Bedroom 1.29
1 Bedroom 7.42
2 Bedrooms 31.88
3 Bedrooms 41.36
4 Bedrooms 15.28
5 or more bedrooms 2.77

Beaufort Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
46.86% 2.29% 9 6
* 10 is highest