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 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

Hilton Head Island Housing Market Information

With 40,512 people, 17,005 houses or apartments, and a median cost of homes of $516,374, 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 45.98% 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 ( 36.58%), duplexes, homes converted to apartments or other small apartment buildings ( 8.09%), and a few row houses and other attached homes ( 6.79%).

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 73.14% of Hilton Head Island's homes, and 51.33% 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 ( 14.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.12%).

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

Homes have actually lost value in Hilton Head Island over the last then years, as home values have seen a decline of 20.12% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Hilton Head Island home appreciation rates at 2.88%, which equates to an annual appreciation rate of 12.03%.

NeighborhoodScout's data show that during the latest twelve months, Hilton Head Island's appreciation rate, at 4.17%, has been at or slightly above the national average. In the latest quarter, Hilton Head Island's appreciation rate has been 2.88%, which annualizes to a rate of 12.03%.

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 higher 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:
$516,374

Hilton Head Island, SC HOME PRICES

Value Range
> $1,172,000 7.9
$879,001 - $1,172,000 10.1
$586,001 - $879,000 20.9
$469,001 - $586,000 12.7
$352,001 - $469,000 16.6
$234,001 - $352,000 12.6
$117,001 - $234,000 8.8
$59,001 - $117,000 5.4
$0 - $59,000 5.0

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
5.51974686511192 2.97397769516729

Number Of Homes And Apartments:
17,005

Hilton Head Island 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
35.65% 1.78% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,813 / per month

Homeownership Rate

Homeownership
Owners 73.14
Renters 26.86
Vacant 49.73

Housing Market Details

 

Age of Homes

AGE OF Hilton Head Island HOMES
2000 or Newer 14.2
1970 - 1999 82.5
1940 - 1969 3.1
1939 or Older 0.2

Types of Homes

TYPE OF Hilton Head Island HOMES
Single-Family 46.0
Townhomes 6.8
Small Apt. Buildings 8.1
Apt. Complexes 36.6
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Hilton Head Island HOMES
No Bedroom 1.80
1 Bedroom 7.92
2 Bedrooms 35.08
3 Bedrooms 37.07
4 Bedrooms 14.25
5 or more bedrooms 3.88