Elgin, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Elgin, 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

Elgin Housing Market Information

With 1,475 people, 516 houses or apartments, and a median cost of homes of $171,876, Elgin 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 Elgin, accounting for 89.01% of the town's housing units. Other types of housing that are prevalent in Elgin include mobile homes or trailers ( 8.69%), duplexes, homes converted to apartments or other small apartment buildings ( 2.30%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Elgin. Owner-occupied housing accounts for 84.11% of Elgin's homes, and 92.55% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Elgin 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 Elgin built between 2000 and later ( 26.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.23%).

Elgin Home Appreciation Rates

Real estate appreciation rates in Elgin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.17% during the period.

Over the last year, Elgin appreciation rates have trailed the rest of the nation. In the last twelve months, Elgin's appreciation rate has been 3.12%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Elgin were at 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to South Carolina, our data show that Elgin's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$171,876

Elgin, SC HOME PRICES

Value Range
> $1,082,000 0.0
$811,001 - $1,082,000 0.2
$541,001 - $811,000 0.6
$433,001 - $541,000 2.4
$325,001 - $433,000 4.1
$216,001 - $325,000 16.7
$108,001 - $216,000 48.1
$54,001 - $108,000 19.3
$0 - $54,000 8.6

Very High for SC
Average for Nation

Value Relative to Nation Value Relative to State
40.9410523848588 17.4721189591078

Number Of Homes And Apartments:
516

Elgin 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
19.34% 1.03% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$877 / per month

Homeownership Rate

Homeownership
Owners 84.11
Renters 15.89
Vacant 8.51

Housing Market Details

 

Age of Homes

AGE OF Elgin HOMES
2000 or Newer 27.0
1970 - 1999 60.1
1940 - 1969 12.2
1939 or Older 0.7

Types of Homes

TYPE OF Elgin HOMES
Single-Family 89.0
Townhomes 0.0
Small Apt. Buildings 2.3
Apt. Complexes 0.0
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF Elgin HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 6.91
3 Bedrooms 75.53
4 Bedrooms 17.02
5 or more bedrooms 0.53

Popular Neighborhoods in Elgin

Zip Codes in Elgin, SC