Cayce, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cayce, SC Real Estate Data


Cayce Housing Market Information

With 13,619 people, 5,353 houses or apartments, and a median cost of homes of $124,655, house prices in Cayce are solidly below the national average.

Single-family detached homes are the single most common housing type in Cayce, accounting for 75.54% of the city's housing units. Other types of housing that are prevalent in Cayce include duplexes, homes converted to apartments or other small apartment buildings ( 10.88%), large apartment complexes or high rise apartments ( 8.98%), and a few mobile homes or trailers ( 3.02%).

The most prevalent building size and type in Cayce are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.58% owning and 38.42% 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. Cayce's housing was primarily built during this period, from the '40s through the '60s. A full 57.49% of the city's housing hails from this era. Other housing ages represented in Cayce include homes built between 1970-1999 ( 29.76%) and housing constructed between 2000 and later ( 9.45%). There's also some housing in Cayce built before 1939 ( 3.30%).

Cayce Home Appreciation Rates

Real estate appreciation rates in Cayce's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.22% during the period.

Appreciation rates are so strong in Cayce that despite a nationwide downturn in the housing market, Cayce real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cayce appreciation rates continue to be some of the highest in America, at 6.58%, which is higher than appreciation rates in 80.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cayce. Cayce appreciation rates in the latest quarter were at -0.62%, which equates to an annual appreciation rate of -2.46%.

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

Relative to South Carolina, our data show that Cayce's latest annual appreciation rate is higher than 60% 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 Cayce differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Cayce - 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 Cayce real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$124,655

Cayce, SC HOME PRICES

Value Range
> $1,056,000 0.5
$792,001 - $1,056,000 0.3
$528,001 - $792,000 0.0
$422,001 - $528,000 1.0
$317,001 - $422,000 0.8
$211,001 - $317,000 10.1
$106,001 - $211,000 49.1
$53,001 - $106,000 29.8
$0 - $53,000 8.5

High for SC
Low for Nation

Value Relative to Nation Value Relative to State
63.8109738244422 39.0334572490706

Number Of Homes And Apartments:
5,353

Rent & Ownership

 

Average Market Rent:
$1,034 / per month

Homeownership Rate

Homeownership
Owners 61.58
Renters 38.42
Vacant 7.53

Housing Market Details

 

Age of Homes

AGE OF Cayce HOMES
2000 or Newer 9.4
1970 - 1999 29.8
1940 - 1969 57.5
1939 or Older 3.3

Types of Homes

TYPE OF Cayce HOMES
Single-Family 75.5
Townhomes 1.6
Small Apt. Buildings 10.9
Apt. Complexes 9.0
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Cayce HOMES
No Bedroom 1.57
1 Bedroom 4.85
2 Bedrooms 25.89
3 Bedrooms 54.50
4 Bedrooms 11.21
5 or more bedrooms 1.97

Cayce 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
28.18% 1.47% 4 3
* 10 is highest