Gray Court, SC


Highest Appreciating Gray Court Neighborhoods Since 2000

Gray Court, SC Real Estate Data

Gray Court Housing Market Information

With 791 people, 273 houses or apartments, and a median cost of homes of $92,423, the cost of homes in Gray Court is among some of the lowest in the nation. Compared to South Carolina, however, Gray Court real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Gray Court, accounting for 54.57% of the town's housing units. Other types of housing that are prevalent in Gray Court include mobile homes or trailers ( 41.01%), large apartment complexes or high rise apartments ( 1.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.58%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gray Court. Owner-occupied housing accounts for 68.50% of Gray Court's homes, and 68.14% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Gray Court 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 Gray Court built between 1940-1969 ( 30.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.57%). There's also some housing in Gray Court built before 1939 ( 6.31%).

Vacant housing appears to be an issue in Gray Court. Fully 13.88% of the housing stock is classified as vacant. Left unchecked, vacant Gray Court homes and apartments can be a drag on the real estate market, holding Gray Court 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.

Gray Court Home Appreciation Rates

Appreciation rates for homes in Gray Court have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.76%, which ranks in the top 40% nationwide. This equates to an annual average Gray Court house appreciation rate of 0.94%.

Over the last year, Gray Court appreciation rates have trailed the rest of the nation. In the last twelve months, Gray Court's appreciation rate has been 3.21%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gray Court were at -0.91%, which equates to an annual appreciation rate of -3.58%.

Notably, Gray Court's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that Gray Court's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.

Average Home Values


Median Home Value:


Value Range
> $1,059,000 0.0
$795,001 - $1,059,000 0.9
$529,001 - $795,000 0.0
$424,001 - $529,000 1.7
$317,001 - $424,000 1.9
$212,001 - $317,000 2.1
$106,001 - $212,000 28.7
$53,001 - $106,000 34.8
$0 - $53,000 29.9

Average for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
82.2629790226181 59.1078066914498

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$741 / per month

Homeownership Rate

Owners 68.50
Renters 31.50
Vacant 13.88

Housing Market Details


Age of Homes

2000 or Newer 7.6
1970 - 1999 55.8
1940 - 1969 30.3
1939 or Older 6.3

Types of Homes

Single-Family 54.6
Townhomes 0.9
Small Apt. Buildings 1.6
Apt. Complexes 1.9
Mobile Homes 41.0
Other 0.0

Home Size

No Bedroom 0.00
1 Bedroom 3.15
2 Bedrooms 27.13
3 Bedrooms 59.62
4 Bedrooms 8.52
5 or more bedrooms 1.58

Gray Court Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
16.33% 0.88% 2 2
* 10 is highest