Goose Creek, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Goose Creek Neighborhoods Since 2000




Goose Creek, 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

Goose Creek Housing Market Information

With 40,633 people, 13,261 houses or apartments, and a median cost of homes of $204,562, Goose Creek real estate is some of the most expensive in South Carolina, although Goose Creek home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Goose Creek, accounting for 72.26% of the city's housing units. Other types of housing that are prevalent in Goose Creek include large apartment complexes or high rise apartments ( 13.58%), row houses and other attached homes ( 7.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.44%).

The most prevalent building size and type in Goose Creek are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.36% owning and 38.64% renting.

Goose Creek homes and real estate are some of the newest in America. 46.30% of Goose Creek's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Goose Creek real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 43.13%), and between 1940-1969 ( 10.37%).

Goose Creek Home Appreciation Rates

Real estate appreciation rates in Goose Creek's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.47% during the period.

Appreciation rates are so strong in Goose Creek that despite a nationwide downturn in the housing market, Goose Creek real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Goose Creek appreciation rates continue to be some of the highest in America, at 8.03%, which is higher than appreciation rates in 86.84% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Goose Creek. Goose Creek appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.31%.

Importantly, this makes Goose Creek one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to South Carolina, our data show that Goose Creek's latest annual appreciation rate is higher than 80% 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 city. Individual neighborhoods within Goose Creek differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Goose Creek - 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 Goose Creek real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$204,562

Goose Creek, SC HOME PRICES

Value Range
> $1,227,000 0.1
$920,001 - $1,227,000 0.1
$614,001 - $920,000 0.6
$491,001 - $614,000 1.6
$368,001 - $491,000 6.7
$245,001 - $368,000 20.4
$123,001 - $245,000 56.2
$61,001 - $123,000 8.0
$0 - $61,000 6.1

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
31.1965311144967 12.639405204461

Number Of Homes And Apartments:
13,261

Goose Creek 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
46.32% 2.23% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,424 / per month

Homeownership Rate

Homeownership
Owners 61.36
Renters 38.64
Vacant 5.25

Housing Market Details

 

Age of Homes

AGE OF Goose Creek HOMES
2000 or Newer 46.3
1970 - 1999 43.1
1940 - 1969 10.4
1939 or Older 0.2

Types of Homes

TYPE OF Goose Creek HOMES
Single-Family 72.3
Townhomes 7.9
Small Apt. Buildings 3.4
Apt. Complexes 13.6
Mobile Homes 2.9
Other 0.0

Home Size

SIZE OF Goose Creek HOMES
No Bedroom 0.66
1 Bedroom 4.42
2 Bedrooms 13.52
3 Bedrooms 53.72
4 Bedrooms 23.59
5 or more bedrooms 4.09