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 1,620 people, 822 houses or apartments, and a median cost of homes of $106,128, house prices in Gaston are some of the most affordable in South Carolina as well as the nation.
Mobile homes or trailers are the single most common housing type in Gaston, accounting for 56.21% of the town's housing units. Other types of housing that are prevalent in Gaston include single-family detached homes ( 43.79%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Gaston. Owner-occupied housing accounts for 68.13% of Gaston's homes, and 69.30% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Gaston 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 Gaston built between 1940-1969 ( 17.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.56%). There's also some housing in Gaston built before 1939 ( 1.92%).
Real estate appreciation rates in Gaston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.02% during the period.
Appreciation rates are so strong in Gaston that despite a nationwide downturn in the housing market, Gaston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gaston appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 80.63% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gaston. Gaston appreciation rates in the latest quarter were at 0.99%, which equates to an annual appreciation rate of 4.01%.
Relative to South Carolina, our data show that Gaston'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 Gaston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gaston - 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 Gaston real estate investment or home purchase decisions.
$106,128
for South carolina
for nation
822
$1,436 / per month