Gaston, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gaston Neighborhoods Since 2000




Gaston, 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

Gaston Housing Market Information

With a population of 1,658, 615 total housing units (homes and apartments), and a median house value of $76,192, 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 49.26% of the town's housing units. Other types of housing that are prevalent in Gaston include single-family detached homes ( 48.45%), large apartment complexes or high rise apartments ( 1.35%).

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 66.02% of Gaston's homes, and 72.20% 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 2000 and later ( 20.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.09%). There's also some housing in Gaston built before 1939 ( 4.59%).

Vacant housing appears to be an issue in Gaston. Fully 17.00% of the housing stock is classified as vacant. Left unchecked, vacant Gaston homes and apartments can be a drag on the real estate market, holding Gaston 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.

Gaston Home Appreciation Rates

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 -0.12% during the period.

Over the last year, Gaston appreciation rates have trailed the rest of the nation. In the last twelve months, Gaston's appreciation rate has been -0.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gaston were at 0.33%, which equates to an annual appreciation rate of 1.34%.

Relative to South Carolina, our data show that Gaston's latest annual appreciation rate is lower than 80% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$76,192

Gaston, SC HOME PRICES

Value Range
> $1,054,000 0.3
$791,001 - $1,054,000 0.0
$527,001 - $791,000 0.0
$421,001 - $527,000 0.3
$316,001 - $421,000 0.6
$211,001 - $316,000 2.1
$105,001 - $211,000 26.0
$53,001 - $105,000 40.4
$0 - $53,000 30.2

Very Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
92.6051798898394 83.6431226765799

Number Of Homes And Apartments:
615

Gaston 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
19.05% 1.02% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$980 / per month

Homeownership Rate

Homeownership
Owners 66.02
Renters 33.98
Vacant 17.00

Housing Market Details

 

Age of Homes

AGE OF Gaston HOMES
2000 or Newer 20.5
1970 - 1999 61.8
1940 - 1969 13.1
1939 or Older 4.6

Types of Homes

TYPE OF Gaston HOMES
Single-Family 48.4
Townhomes 0.0
Small Apt. Buildings 0.4
Apt. Complexes 1.3
Mobile Homes 49.3
Other 0.5

Home Size

SIZE OF Gaston HOMES
No Bedroom 1.35
1 Bedroom 3.78
2 Bedrooms 22.13
3 Bedrooms 58.97
4 Bedrooms 13.23
5 or more bedrooms 0.54