Beech Island, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Beech Island, 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

Beech Island Housing Market Information

With a population of 8,713, 1,924 total housing units (homes and apartments), and a median house value of $111,987, house prices in Beech Island are solidly below the national average.

Single-family detached homes are the single most common housing type in Beech Island, accounting for 65.81% of the town's housing units. Other types of housing that are prevalent in Beech Island include mobile homes or trailers ( 33.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beech Island. Owner-occupied housing accounts for 81.26% of Beech Island's homes, and 75.98% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Beech Island 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 Beech Island built between 2000 and later ( 18.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 14.60%). There's also some housing in Beech Island built before 1939 ( 5.45%).

Vacant housing appears to be an issue in Beech Island. Fully 10.60% of the housing stock is classified as vacant. Left unchecked, vacant Beech Island homes and apartments can be a drag on the real estate market, holding Beech Island 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.

Beech Island Home Appreciation Rates

Real estate appreciation rates in Beech Island's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.24% during the period.

NeighborhoodScout's data show that during the latest twelve months, Beech Island's appreciation rate, at 3.47%, has been at or slightly above the national average. In the latest quarter, Beech Island's appreciation rate has been 0.72%, which annualizes to a rate of 2.91%.

Relative to South Carolina, our data show that Beech Island's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$111,987

Beech Island, SC HOME PRICES

Value Range
> $1,066,000 1.3
$800,001 - $1,066,000 0.5
$534,001 - $800,000 1.3
$426,001 - $534,000 0.6
$320,001 - $426,000 2.3
$214,001 - $320,000 5.8
$106,001 - $214,000 34.0
$54,001 - $106,000 34.1
$0 - $54,000 20.0

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
70.1453181764913 50.5576208178439

Number Of Homes And Apartments:
1,924

Beech Island 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
35.69% 1.78% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,047 / per month

Homeownership Rate

Homeownership
Owners 81.26
Renters 18.74
Vacant 10.60

Housing Market Details

 

Age of Homes

AGE OF Beech Island HOMES
2000 or Newer 18.8
1970 - 1999 61.2
1940 - 1969 14.6
1939 or Older 5.4

Types of Homes

TYPE OF Beech Island HOMES
Single-Family 65.8
Townhomes 0.0
Small Apt. Buildings 0.4
Apt. Complexes 0.1
Mobile Homes 33.1
Other 0.5

Home Size

SIZE OF Beech Island HOMES
No Bedroom 0.00
1 Bedroom 2.27
2 Bedrooms 16.88
3 Bedrooms 59.42
4 Bedrooms 16.56
5 or more bedrooms 4.87

Popular Neighborhoods in Beech Island

Zip Codes in Beech Island, SC