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
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Gray Court HOMES|
|2000 or Newer||7.6|
|1970 - 1999||55.8|
|1940 - 1969||30.3|
|1939 or Older||6.3|
|TYPE OF Gray Court HOMES|
|Small Apt. Buildings||1.6|
|SIZE OF Gray Court HOMES|
|5 or more bedrooms||1.58|