Gray Court, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Gray Court Neighborhoods Since 2000




Gray Court, 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

Gray Court Housing Market Information

With a population of 791, 273 total housing units (homes and apartments), and a median house value of $94,126, 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 8.62%, which ranks in the top 40% nationwide. This equates to an annual average Gray Court house appreciation rate of 0.83%.

NeighborhoodScout's data show that during the latest twelve months, Gray Court's appreciation rate, at 4.27%, has been at or slightly above the national average. In the latest quarter, Gray Court's appreciation rate has been 1.93%, which annualizes to a rate of 7.93%.

Importantly, this makes Gray Court 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 Gray Court's latest annual appreciation rate is higher than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$94,126

Gray Court, SC HOME PRICES

Value Range
> $1,078,000 0.0
$809,001 - $1,078,000 0.9
$539,001 - $809,000 0.0
$431,001 - $539,000 1.7
$324,001 - $431,000 1.9
$216,001 - $324,000 2.1
$108,001 - $216,000 28.7
$54,001 - $108,000 34.8
$0 - $54,000 29.9

Average for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
81.2844251728583 58.364312267658

Number Of Homes And Apartments:
273

Gray Court 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
18.82% 1.00% 2 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$794 / per month

Homeownership Rate

Homeownership
Owners 68.50
Renters 31.50
Vacant 13.88

Housing Market Details

 

Age of Homes

AGE OF Gray Court HOMES
2000 or Newer 7.6
1970 - 1999 55.8
1940 - 1969 30.3
1939 or Older 6.3

Types of Homes

TYPE OF Gray Court 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

SIZE OF Gray Court HOMES
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