Hopkins, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hopkins, SC Real Estate Data


Hopkins Housing Market Information

With 3,068 people, 1,122 houses or apartments, and a median cost of homes of $83,056, house prices in Hopkins are solidly below the national average.

Single-family detached homes are the single most common housing type in Hopkins, accounting for 58.31% of the town's housing units. Other types of housing that are prevalent in Hopkins include mobile homes or trailers ( 40.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hopkins. Owner-occupied housing accounts for 75.10% of Hopkins's homes, and 71.86% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Hopkins 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 Hopkins built between 1940-1969 ( 20.58%). A lesser amount of the housing stock also hails from before 1939 ( 15.34%). There's also some housing in Hopkins built between 2000 and later ( 11.75%).

Vacant housing appears to be an issue in Hopkins. Fully 16.02% of the housing stock is classified as vacant. Left unchecked, vacant Hopkins homes and apartments can be a drag on the real estate market, holding Hopkins 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.

Hopkins Home Appreciation Rates

Hopkins's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Hopkins during the period has been just -0.87%, which is lower than 70% of US communities.

Appreciation rates are so strong in Hopkins that despite a nationwide downturn in the housing market, Hopkins real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hopkins appreciation rates continue to be some of the highest in America, at 7.84%, which is higher than appreciation rates in 90.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hopkins. Hopkins appreciation rates in the latest quarter were at -0.62%, which equates to an annual appreciation rate of -2.46%.

Notably, Hopkins's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that Hopkins's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$83,056

Hopkins, SC HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 0.0
$530,001 - $795,000 0.0
$424,001 - $530,000 0.8
$318,001 - $424,000 1.6
$212,001 - $318,000 8.0
$106,001 - $212,000 25.4
$53,001 - $106,000 40.7
$0 - $53,000 23.5

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
89.5356327223751 72.8624535315985

Number Of Homes And Apartments:
1,122

Rent & Ownership

 

Average Market Rent:
$699 / per month

Homeownership Rate

Homeownership
Owners 75.10
Renters 24.90
Vacant 16.02

Housing Market Details

 

Age of Homes

AGE OF Hopkins HOMES
2000 or Newer 11.8
1970 - 1999 52.3
1940 - 1969 20.6
1939 or Older 15.3

Types of Homes

TYPE OF Hopkins HOMES
Single-Family 58.3
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.8
Mobile Homes 40.9
Other 0.0

Home Size

SIZE OF Hopkins HOMES
No Bedroom 1.05
1 Bedroom 0.00
2 Bedrooms 20.28
3 Bedrooms 54.12
4 Bedrooms 17.74
5 or more bedrooms 6.81

Hopkins Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
12.75% 0.71% 1 1
* 10 is highest

Popular Neighborhoods in Hopkins

Zip Codes in Hopkins, SC