Camden, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Camden, SC Real Estate Data


Camden Housing Market Information

With a population of 7,085, 2,984 total housing units (homes and apartments), and a median house value of $189,703, Camden real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Camden, accounting for 80.82% of the city's housing units. Other types of housing that are prevalent in Camden include large apartment complexes or high rise apartments ( 12.47%), duplexes, homes converted to apartments or other small apartment buildings ( 6.21%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Camden. Owner-occupied housing accounts for 69.38% of Camden's homes, and 53.28% have either three or four bedrooms, which is average sized relative to America.

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. Camden's housing was primarily built during this period, from the '40s through the '60s. A full 50.13% of the city's housing hails from this era. Other housing ages represented in Camden include homes built between 1970-1999 ( 21.50%) and housing constructed before 1939 ( 16.47%). There's also some housing in Camden built between 2000 and later ( 11.91%).

Vacant housing appears to be an issue in Camden. Fully 16.58% of the housing stock is classified as vacant. Left unchecked, vacant Camden homes and apartments can be a drag on the real estate market, holding Camden 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.

Camden Home Appreciation Rates

Appreciation rates for homes in Camden have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.27%, which ranks in the top 40% nationwide. This equates to an annual average Camden house appreciation rate of 0.80%.

Appreciation rates are so strong in Camden that despite a nationwide downturn in the housing market, Camden real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Camden appreciation rates continue to be some of the highest in America, at 7.22%, which is higher than appreciation rates in 86.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Camden. Camden appreciation rates in the latest quarter were at -0.62%, which equates to an annual appreciation rate of -2.46%.

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

Relative to South Carolina, our data show that Camden's latest annual appreciation rate is higher than 70% 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 Camden differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Camden - 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 Camden real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$189,703

Camden, SC HOME PRICES

Value Range
> $1,088,000 1.1
$816,001 - $1,088,000 1.1
$544,001 - $816,000 4.0
$435,001 - $544,000 3.8
$326,001 - $435,000 9.9
$217,001 - $326,000 12.9
$109,001 - $217,000 37.3
$55,001 - $109,000 23.6
$0 - $55,000 6.4

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
35.8318205773848 15.9851301115242

Number Of Homes And Apartments:
2,984

Rent & Ownership

 

Average Market Rent:
$889 / per month

Homeownership Rate

Homeownership
Owners 69.38
Renters 30.62
Vacant 16.58

Housing Market Details

 

Age of Homes

AGE OF Camden HOMES
2000 or Newer 11.9
1970 - 1999 21.5
1940 - 1969 50.1
1939 or Older 16.5

Types of Homes

TYPE OF Camden HOMES
Single-Family 80.8
Townhomes 0.5
Small Apt. Buildings 6.2
Apt. Complexes 12.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Camden HOMES
No Bedroom 1.62
1 Bedroom 5.40
2 Bedrooms 33.77
3 Bedrooms 37.85
4 Bedrooms 15.43
5 or more bedrooms 5.93

Camden 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
37.37% 1.89% 7 4
* 10 is highest