Hanahan, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Hanahan Neighborhoods Since 2000




Hanahan, 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

Hanahan Housing Market Information

With 21,575 people, 7,342 houses or apartments, and a median cost of homes of $207,273, Hanahan real estate is some of the most expensive in South Carolina, although Hanahan home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hanahan, accounting for 62.37% of the city's housing units. Other types of housing that are prevalent in Hanahan include large apartment complexes or high rise apartments ( 19.30%), duplexes, homes converted to apartments or other small apartment buildings ( 7.05%), and a few mobile homes or trailers ( 6.13%).

The most prevalent building size and type in Hanahan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.55% owning and 40.45% renting.

There is a lot of housing in Hanahan 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 Hanahan built between 2000 and later ( 31.21%). A lesser amount of the housing stock also hails from between 1940-1969 ( 27.61%). There's also some housing in Hanahan built before 1939 ( 1.62%).

Hanahan Home Appreciation Rates

Appreciation rates for homes in Hanahan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.87%, which ranks in the top 50% nationwide. This equates to an annual average Hanahan house appreciation rate of 0.09%.

Appreciation rates are so strong in Hanahan that despite a nationwide downturn in the housing market, Hanahan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hanahan appreciation rates continue to be some of the highest in America, at 9.70%, which is higher than appreciation rates in 92.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hanahan. Hanahan appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.31%.

Importantly, this makes Hanahan 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 Hanahan's latest annual appreciation rate is higher than 90% 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 Hanahan differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hanahan - 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 Hanahan real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$207,273

Hanahan, SC HOME PRICES

Value Range
> $1,221,000 1.0
$916,001 - $1,221,000 0.3
$610,001 - $916,000 1.4
$488,001 - $610,000 0.6
$366,001 - $488,000 6.7
$244,001 - $366,000 28.3
$122,001 - $244,000 43.7
$61,001 - $122,000 8.9
$0 - $61,000 9.1

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
30.4406422125864 11.5241635687732

Number Of Homes And Apartments:
7,342

Hanahan 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
47.88% 2.29% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,247 / per month

Homeownership Rate

Homeownership
Owners 59.55
Renters 40.45
Vacant 6.24

Housing Market Details

 

Age of Homes

AGE OF Hanahan HOMES
2000 or Newer 31.2
1970 - 1999 39.6
1940 - 1969 27.6
1939 or Older 1.6

Types of Homes

TYPE OF Hanahan HOMES
Single-Family 62.4
Townhomes 5.2
Small Apt. Buildings 7.0
Apt. Complexes 19.3
Mobile Homes 6.1
Other 0.0

Home Size

SIZE OF Hanahan HOMES
No Bedroom 0.42
1 Bedroom 6.91
2 Bedrooms 28.16
3 Bedrooms 45.66
4 Bedrooms 15.02
5 or more bedrooms 3.83