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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,035, 464 total housing units (homes and apartments), and a median house value of $342,546, Edisto Beach real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Edisto Beach, accounting for 72.82% of the town's housing units. Other types of housing that are prevalent in Edisto Beach include duplexes, homes converted to apartments or other small apartment buildings ( 13.47%), large apartment complexes or high rise apartments ( 7.88%), and a few row houses and other attached homes ( 5.55%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Edisto Beach. Owner-occupied housing accounts for 92.46% of Edisto Beach's homes, and 63.82% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Edisto Beach 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 Edisto Beach built between 2000 and later ( 22.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 5.92%).
A decent proportion of the Edisto Beach housing stock is seasonally occupied. That is, homes and condos in Edisto Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Edisto Beach housing market speaks to its popularity as a vacation location of choice.
Edisto Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Edisto Beach during the period has been just 5.19%, which is lower than 70% of US communities.
Appreciation rates are so strong in Edisto Beach that despite a nationwide downturn in the housing market, Edisto Beach real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Edisto Beach appreciation rates continue to be some of the highest in America, at 6.75%, which is higher than appreciation rates in 72.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Edisto Beach. Edisto Beach appreciation rates in the latest quarter were at 1.20%, which equates to an annual appreciation rate of 4.88%.
Relative to South Carolina, our data show that Edisto Beach's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.
$342,546
for South carolina
for nation
464
$1,562 / per month