Central, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Central Neighborhoods Since 2000




Central, 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

Central Housing Market Information

With a population of 5,167, 1,866 total housing units (homes and apartments), and a median house value of $124,853, house prices in Central are solidly below the national average.

Single-family detached homes are the single most common housing type in Central, accounting for 37.79% of the town's housing units. Other types of housing that are prevalent in Central include large apartment complexes or high rise apartments ( 33.62%), duplexes, homes converted to apartments or other small apartment buildings ( 16.43%), and a few mobile homes or trailers ( 10.89%).

There is a lot of housing in Central built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Central built between 1940-1969 ( 18.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.54%). There's also some housing in Central built before 1939 ( 9.72%).

Vacant housing appears to be an issue in Central. Fully 12.39% of the housing stock is classified as vacant. Left unchecked, vacant Central homes and apartments can be a drag on the real estate market, holding Central 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.

Central Home Appreciation Rates

Appreciation rates for homes in Central have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.38%, which ranks in the top 30% nationwide. This equates to an annual average Central house appreciation rate of 1.08%.

Appreciation rates are so strong in Central that despite a nationwide downturn in the housing market, Central real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Central appreciation rates continue to be some of the highest in America, at 7.49%, which is higher than appreciation rates in 84.08% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Central. Central appreciation rates in the latest quarter were at 1.93%, which equates to an annual appreciation rate of 7.93%.

Importantly, this makes Central one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to South Carolina, our data show that Central's latest annual appreciation rate is higher than 80% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$124,853

Central, SC HOME PRICES

Value Range
> $1,157,000 0.0
$868,001 - $1,157,000 0.0
$579,001 - $868,000 0.4
$463,001 - $579,000 1.3
$347,001 - $463,000 1.5
$231,001 - $347,000 12.1
$116,001 - $231,000 42.1
$58,001 - $116,000 30.8
$0 - $58,000 11.7

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
62.639165592406 40.5204460966543

Number Of Homes And Apartments:
1,866

Central 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
41.83% 2.05% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,139 / per month

Homeownership Rate

Homeownership
Owners 22.48
Renters 77.52
Vacant 12.39

Housing Market Details

 

Age of Homes

AGE OF Central HOMES
2000 or Newer 12.5
1970 - 1999 59.0
1940 - 1969 18.7
1939 or Older 9.7

Types of Homes

TYPE OF Central HOMES
Single-Family 37.8
Townhomes 1.3
Small Apt. Buildings 16.4
Apt. Complexes 33.6
Mobile Homes 10.9
Other 0.0

Home Size

SIZE OF Central HOMES
No Bedroom 2.25
1 Bedroom 10.61
2 Bedrooms 37.14
3 Bedrooms 28.50
4 Bedrooms 21.50
5 or more bedrooms 0.00