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Cayce, SC Real Estate Market

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 Q3 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Cayce, SC Housing Market Trends

With 13,739 people, 6,210 houses or apartments, and a median cost of homes of $226,379, Cayce 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 Cayce, accounting for 68.70% of the city's housing units. Other types of housing that are prevalent in Cayce include large apartment complexes or high rise apartments ( 18.09%), duplexes, homes converted to apartments or other small apartment buildings ( 9.04%), and a few mobile homes or trailers ( 3.05%).

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 55.17% owning and 44.83% 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 48.70% of the city's housing hails from this era. Other housing ages represented in Cayce include homes built between 1970-1999 ( 29.50%) and housing constructed between 2000 and later ( 20.17%). There's also some housing in Cayce built before 1939 ( 1.64%).

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 5.53% during the period.

NeighborhoodScout's data show that during the latest twelve months, Cayce's appreciation rate, at 15.28%, has been at or slightly above the national average. In the latest quarter, Cayce's appreciation rate has been 5.13%, which annualizes to a rate of 22.16%.

Relative to South Carolina, our data show that Cayce's latest annual appreciation rate is lower than 90% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$226,379

Cayce, SC HOME PRICES

> $1,456,000
$1,092,001 - $1,456,000
$728,001 - $1,092,000
$583,001 - $728,000
$437,001 - $583,000
$291,001 - $437,000
$146,001 - $291,000
$73,001 - $146,000
$0 - $73,000
1.0%
1.0%
0.0%
0.0%
0.1%
0.1%
0.7%
0.7%
5.5%
5.5%
9.1%
9.1%
52.9%
52.9%
21.7%
21.7%
9.0%
9.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for SC

Value Relative To Nation

Number Of Homes And Apartments:
6,210

Cayce Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2022 Q2 - 2022 Q3
Last 12 Months:
2021 Q3 - 2022 Q3
Last 2 Years:
2020 Q3 - 2022 Q3
Last 5 Years:
2017 Q3 - 2022 Q3
Last 10 Years:
2012 Q3 - 2022 Q3
Since 2000:
2000 Q1 - 2022 Q3
102.54% 3.15%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,725 / per month

Homeownership Rate

Owners
Renters
Vacant
55.2%
55.2%
44.8%
44.8%
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.2%
20.2%
29.5%
29.5%
48.7%
48.7%
1.6%
1.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.7%
68.7%
1.1%
1.1%
9.0%
9.0%
18.1%
18.1%
3.0%
3.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.0%
2.0%
7.9%
7.9%
24.6%
24.6%
48.8%
48.8%
15.0%
15.0%
1.7%
1.7%
0.0% 100.0%
% OF HOMES