Hilton Head Island, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Hilton Head Island, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Hilton Head Island Housing Market Information

With 40,055 people, 16,868 houses or apartments, and a median cost of homes of $577,139, Hilton Head Island house prices are not only among the most expensive in South Carolina, Hilton Head Island real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Hilton Head Island, accounting for 47.12% of the town's housing units. Other types of housing that are prevalent in Hilton Head Island include large apartment complexes or high rise apartments ( 35.84%), row houses and other attached homes ( 8.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hilton Head Island. Owner-occupied housing accounts for 76.27% of Hilton Head Island's homes, and 52.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hilton Head Island 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 Hilton Head Island built between 2000 and later ( 15.00%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.56%).

A decent proportion of the Hilton Head Island housing stock is seasonally occupied. That is, homes and condos in Hilton Head Island are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Hilton Head Island housing market speaks to its popularity as a vacation location of choice.

Hilton Head Island Home Appreciation Rates

Hilton Head Island's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hilton Head Island during the period has been just -0.14%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Hilton Head Island's appreciation rate, at 3.78%, has been at or slightly above the national average. In the latest quarter, Hilton Head Island's appreciation rate has been 2.78%, which annualizes to a rate of 11.59%.

Importantly, NeighborhoodScout’s exclusive research found that Hilton Head Island's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to South Carolina, our data show that Hilton Head Island's latest annual appreciation rate is lower than 60% 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 town. Individual neighborhoods within Hilton Head Island differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hilton Head Island - 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 Hilton Head Island real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$577,139

Hilton Head Island, SC HOME PRICES

Value Range
> $1,146,000 10.1
$859,001 - $1,146,000 8.8
$573,001 - $859,000 24.2
$458,001 - $573,000 15.3
$343,001 - $458,000 13.4
$229,001 - $343,000 11.6
$115,001 - $229,000 7.9
$57,001 - $115,000 4.5
$0 - $57,000 4.2

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
5.12700729927007 2.96296296296296

Number Of Homes And Apartments:
16,868

Hilton Head Island Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
44.26% 1.92%
6
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,730 / per month

Homeownership Rate

Homeownership
Owners 76.27
Renters 23.73
Vacant 50.37

Housing Market Details

 

Age of Homes

AGE OF Hilton Head Island HOMES
2000 or Newer 15.0
1970 - 1999 81.2
1940 - 1969 3.6
1939 or Older 0.2

Types of Homes

TYPE OF Hilton Head Island HOMES
Single-Family 47.1
Townhomes 8.4
Small Apt. Buildings 6.0
Apt. Complexes 35.8
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Hilton Head Island HOMES
No Bedroom 1.97
1 Bedroom 7.56
2 Bedrooms 32.83
3 Bedrooms 37.98
4 Bedrooms 14.89
5 or more bedrooms 4.78