Cayce, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Cayce, 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

Cayce Housing Market Information

With 13,619 people, 5,702 houses or apartments, and a median cost of homes of $133,279, 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 75.78% 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 ( 10.11%), large apartment complexes or high rise apartments ( 8.86%), and a few mobile homes or trailers ( 3.03%).

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 59.77% owning and 40.23% 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 55.14% of the city's housing hails from this era. Other housing ages represented in Cayce include homes built between 1970-1999 ( 29.11%) and housing constructed between 2000 and later ( 12.99%). There's also some housing in Cayce built before 1939 ( 2.77%).

Cayce Home Appreciation Rates

Cayce's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Cayce during the period has been just -0.87%, which is lower than 70% of US communities.

Over the last year, Cayce appreciation rates have trailed the rest of the nation. In the last twelve months, Cayce's appreciation rate has been -0.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Cayce were at 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to South Carolina, our data show that Cayce's latest annual appreciation rate is lower than 80% 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:
$133,279

Cayce, SC HOME PRICES

Value Range
> $1,028,000 0.4
$771,001 - $1,028,000 0.1
$514,001 - $771,000 0.0
$411,001 - $514,000 0.4
$309,001 - $411,000 1.0
$205,001 - $309,000 9.0
$103,001 - $205,000 48.3
$51,001 - $103,000 32.6
$0 - $51,000 8.2

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
58.1214109926169 34.5724907063197

Number Of Homes And Apartments:
5,702

Cayce 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
22.24% 1.17% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,161 / per month

Homeownership Rate

Homeownership
Owners 59.77
Renters 40.23
Vacant 6.12

Housing Market Details

 

Age of Homes

AGE OF Cayce HOMES
2000 or Newer 13.0
1970 - 1999 29.1
1940 - 1969 55.1
1939 or Older 2.8

Types of Homes

TYPE OF Cayce HOMES
Single-Family 75.8
Townhomes 2.2
Small Apt. Buildings 10.1
Apt. Complexes 8.9
Mobile Homes 3.0
Other 0.0

Home Size

SIZE OF Cayce HOMES
No Bedroom 2.07
1 Bedroom 4.81
2 Bedrooms 24.86
3 Bedrooms 54.07
4 Bedrooms 11.77
5 or more bedrooms 2.42