Fort Mill, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fort Mill Neighborhoods Since 2000




Fort Mill, 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

Fort Mill Housing Market Information

With a population of 13,662, 4,953 total housing units (homes and apartments), and a median house value of $274,512, Fort Mill real estate is some of the most expensive in South Carolina, although Fort Mill home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Fort Mill, accounting for 63.72% of the town's housing units. Other types of housing that are prevalent in Fort Mill include large apartment complexes or high rise apartments ( 13.72%), duplexes, homes converted to apartments or other small apartment buildings ( 11.30%), and a few row houses and other attached homes ( 11.11%).

The most prevalent building size and type in Fort Mill are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.52% owning and 35.48% renting.

There is a lot of housing in Fort Mill 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 Fort Mill built between 2000 and later ( 33.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.25%). There's also some housing in Fort Mill built before 1939 ( 5.34%).

Fort Mill Home Appreciation Rates

Appreciation rates for homes in Fort Mill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.72%, which ranks in the top 30% nationwide. This equates to an annual average Fort Mill house appreciation rate of 1.29%.

Appreciation rates are so strong in Fort Mill that despite a nationwide downturn in the housing market, Fort Mill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fort Mill appreciation rates continue to be some of the highest in America, at 7.09%, which is higher than appreciation rates in 81.86% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fort Mill. Fort Mill appreciation rates in the latest quarter were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Fort Mill 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 Fort Mill's latest annual appreciation rate is higher than 70% 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 town. Individual neighborhoods within Fort Mill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Mill - 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 Fort Mill real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$274,512

Fort Mill, SC HOME PRICES

Value Range
> $1,194,000 0.5
$896,001 - $1,194,000 0.3
$597,001 - $896,000 6.6
$477,001 - $597,000 6.8
$358,001 - $477,000 11.7
$239,001 - $358,000 20.9
$119,001 - $239,000 41.3
$60,001 - $119,000 9.0
$0 - $60,000 2.8

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
19.1198874956053 7.80669144981413

Number Of Homes And Apartments:
4,953

Fort Mill 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
46.43% 2.24% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$974 / per month

Homeownership Rate

Homeownership
Owners 64.52
Renters 35.48
Vacant 5.11

Housing Market Details

 

Age of Homes

AGE OF Fort Mill HOMES
2000 or Newer 33.8
1970 - 1999 44.6
1940 - 1969 16.2
1939 or Older 5.3

Types of Homes

TYPE OF Fort Mill HOMES
Single-Family 63.7
Townhomes 11.1
Small Apt. Buildings 11.3
Apt. Complexes 13.7
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Fort Mill HOMES
No Bedroom 0.80
1 Bedroom 7.34
2 Bedrooms 28.75
3 Bedrooms 36.80
4 Bedrooms 19.29
5 or more bedrooms 7.01