Edgefield, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Edgefield, 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

Edgefield Housing Market Information

With a population of 4,760, 1,220 total housing units (homes and apartments), and a median house value of $111,509, house prices in Edgefield are solidly below the national average.

Single-family detached homes are the single most common housing type in Edgefield, accounting for 66.27% of the town's housing units. Other types of housing that are prevalent in Edgefield include duplexes, homes converted to apartments or other small apartment buildings ( 17.15%), large apartment complexes or high rise apartments ( 8.36%), and a few mobile homes or trailers ( 6.68%).

Edgefield is dominated by renter-occupied one, two, or no bedrooms apartments. 71.45% of Edgefield's dwellings are rentals.

There is a lot of housing in Edgefield 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 Edgefield built between 1940-1969 ( 33.45%). A lesser amount of the housing stock also hails from before 1939 ( 18.13%). There's also some housing in Edgefield built between 2000 and later ( 8.50%).

Vacant housing appears to be an issue in Edgefield. Fully 14.27% of the housing stock is classified as vacant. Left unchecked, vacant Edgefield homes and apartments can be a drag on the real estate market, holding Edgefield 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.

Edgefield Home Appreciation Rates

Edgefield's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Edgefield during the period has been just -1.41%, which is lower than 80% of US communities.

Over the last year, Edgefield appreciation rates have trailed the rest of the nation. In the last twelve months, Edgefield's appreciation rate has been -1.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Edgefield were at 0.72%, which equates to an annual appreciation rate of 2.91%.

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

Average Home Values

 

Median Home Value:
$111,509

Edgefield, SC HOME PRICES

Value Range
> $939,000 0.0
$704,001 - $939,000 0.5
$470,001 - $704,000 1.8
$376,001 - $470,000 1.8
$282,001 - $376,000 6.1
$188,001 - $282,000 12.0
$94,001 - $188,000 33.1
$47,001 - $94,000 25.7
$0 - $47,000 19.1

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
70.5027540138287 51.3011152416357

Number Of Homes And Apartments:
1,220

Edgefield 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
9.87% 0.55% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$694 / per month

Homeownership Rate

Homeownership
Owners 28.55
Renters 71.45
Vacant 14.27

Housing Market Details

 

Age of Homes

AGE OF Edgefield HOMES
2000 or Newer 8.5
1970 - 1999 39.9
1940 - 1969 33.5
1939 or Older 18.1

Types of Homes

TYPE OF Edgefield HOMES
Single-Family 66.3
Townhomes 1.5
Small Apt. Buildings 17.1
Apt. Complexes 8.4
Mobile Homes 6.7
Other 0.0

Home Size

SIZE OF Edgefield HOMES
No Bedroom 10.26
1 Bedroom 10.12
2 Bedrooms 30.50
3 Bedrooms 36.75
4 Bedrooms 10.12
5 or more bedrooms 2.25

Popular Neighborhoods in Edgefield

Zip Codes in Edgefield, SC