Bluffton, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bluffton Neighborhoods Since 2000




Bluffton, 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

Bluffton Housing Market Information

With 16,728 people, 4,993 houses or apartments, and a median cost of homes of $282,219, Bluffton real estate is some of the most expensive in South Carolina, although Bluffton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Bluffton, accounting for 77.02% of the town's housing units. Other types of housing that are prevalent in Bluffton include row houses and other attached homes ( 14.39%), large apartment complexes or high rise apartments ( 5.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.04%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bluffton. Owner-occupied housing accounts for 73.08% of Bluffton's homes, and 81.55% have either three or four bedrooms, which is average sized relative to America.

Bluffton homes and real estate are some of the newest in America. 89.74% of Bluffton's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Bluffton real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 7.97%), and between 1940-1969 ( 1.89%).

Vacant housing appears to be an issue in Bluffton. Fully 15.64% of the housing stock is classified as vacant. Left unchecked, vacant Bluffton homes and apartments can be a drag on the real estate market, holding Bluffton 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.

Bluffton Home Appreciation Rates

Bluffton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Bluffton during the period has been just -1.55%, which is lower than 80% of US communities.

Appreciation rates are so strong in Bluffton that despite a nationwide downturn in the housing market, Bluffton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bluffton appreciation rates continue to be some of the highest in America, at 10.46%, which is higher than appreciation rates in 95.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bluffton. Bluffton appreciation rates in the latest quarter were at 2.88%, which equates to an annual appreciation rate of 12.03%.

Importantly, this makes Bluffton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to South Carolina, our data show that Bluffton's latest annual appreciation rate is higher than 90% 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 town. Individual neighborhoods within Bluffton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bluffton - 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 Bluffton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$282,219

Bluffton, SC HOME PRICES

Value Range
> $1,260,000 3.5
$945,001 - $1,260,000 1.6
$630,001 - $945,000 7.5
$504,001 - $630,000 4.6
$378,001 - $504,000 10.0
$252,001 - $378,000 21.6
$126,001 - $252,000 38.9
$63,001 - $126,000 5.6
$0 - $63,000 6.7

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
18.2116488925349 6.69144981412639

Number Of Homes And Apartments:
4,993

Bluffton 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
18.75% 1.00% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,025 / per month

Homeownership Rate

Homeownership
Owners 73.08
Renters 26.92
Vacant 15.64

Housing Market Details

 

Age of Homes

AGE OF Bluffton HOMES
2000 or Newer 89.7
1970 - 1999 8.0
1940 - 1969 1.9
1939 or Older 0.4

Types of Homes

TYPE OF Bluffton HOMES
Single-Family 77.0
Townhomes 14.4
Small Apt. Buildings 2.0
Apt. Complexes 5.5
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Bluffton HOMES
No Bedroom 1.28
1 Bedroom 1.05
2 Bedrooms 10.76
3 Bedrooms 56.88
4 Bedrooms 24.67
5 or more bedrooms 5.36