Boiling Springs, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Boiling Springs Neighborhoods Since 2000




Boiling Springs, 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

Boiling Springs Housing Market Information

With a population of 8,532, 3,300 total housing units (homes and apartments), and a median house value of $159,386, Boiling Springs real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Boiling Springs, accounting for 80.90% of the town's housing units. Other types of housing that are prevalent in Boiling Springs include large apartment complexes or high rise apartments ( 11.11%), row houses and other attached homes ( 3.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.70%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Boiling Springs. Owner-occupied housing accounts for 76.45% of Boiling Springs's homes, and 75.39% have either three or four bedrooms, which is average sized relative to America.

Boiling Springs homes and real estate are some of the newest in America. 49.59% of Boiling Springs'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 Boiling Springs real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 44.64%), and between 1940-1969 ( 4.73%). There's also some housing in Boiling Springs built before 1939 ( 1.04%).

Boiling Springs Home Appreciation Rates

Appreciation rates for homes in Boiling Springs have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.11%, which ranks in the top 50% nationwide. This equates to an annual average Boiling Springs house appreciation rate of 0.31%.

NeighborhoodScout's data show that during the latest twelve months, Boiling Springs's appreciation rate, at 3.28%, has been at or slightly above the national average. In the latest quarter, Boiling Springs's appreciation rate has been -3.08%, which annualizes to a rate of -11.77%.

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

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

Average Home Values

 

Median Home Value:
$159,386

Boiling Springs, SC HOME PRICES

Value Range
> $1,095,000 1.0
$821,001 - $1,095,000 0.0
$548,001 - $821,000 0.0
$438,001 - $548,000 2.8
$328,001 - $438,000 7.4
$219,001 - $328,000 19.0
$109,001 - $219,000 57.7
$55,001 - $109,000 9.2
$0 - $55,000 3.0

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
45.9685925231454 22.6765799256506

Number Of Homes And Apartments:
3,300

Boiling Springs 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
17.77% 0.95% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,046 / per month

Homeownership Rate

Homeownership
Owners 76.45
Renters 23.55
Vacant 7.17

Housing Market Details

 

Age of Homes

AGE OF Boiling Springs HOMES
2000 or Newer 49.6
1970 - 1999 44.6
1940 - 1969 4.7
1939 or Older 1.0

Types of Homes

TYPE OF Boiling Springs HOMES
Single-Family 80.9
Townhomes 3.4
Small Apt. Buildings 2.7
Apt. Complexes 11.1
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Boiling Springs HOMES
No Bedroom 1.91
1 Bedroom 4.84
2 Bedrooms 16.74
3 Bedrooms 57.10
4 Bedrooms 18.28
5 or more bedrooms 1.13

Zip Codes in Boiling Springs, SC