Inman, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Inman Neighborhoods Since 2000




Inman, SC Real Estate Data


Inman Housing Market Information

With a population of 2,273, 920 total housing units (homes and apartments), and a median house value of $116,515, house prices in Inman are solidly below the national average.

Single-family detached homes are the single most common housing type in Inman, accounting for 69.34% of the city's housing units. Other types of housing that are prevalent in Inman include duplexes, homes converted to apartments or other small apartment buildings ( 11.95%), large apartment complexes or high rise apartments ( 11.07%), and a few mobile homes or trailers ( 6.56%).

The most prevalent building size and type in Inman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.39% owning and 43.61% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Inman's housing was primarily built during this period, from the '40s through the '60s. A full 37.81% of the city's housing hails from this era. Other housing ages represented in Inman include homes built between 1970-1999 ( 23.80%) and housing constructed before 1939 ( 22.04%). There's also some housing in Inman built between 2000 and later ( 16.36%).

Inman Home Appreciation Rates

Appreciation rates for homes in Inman have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.68%, which ranks in the top 40% nationwide. This equates to an annual average Inman house appreciation rate of 0.74%.

Appreciation rates are so strong in Inman that despite a nationwide downturn in the housing market, Inman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Inman appreciation rates continue to be some of the highest in America, at 6.95%, which is higher than appreciation rates in 79.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Inman. Inman appreciation rates in the latest quarter were at 2.96%, which equates to an annual appreciation rate of 12.38%.

Importantly, this makes Inman 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 Inman's latest annual appreciation rate is higher than 70% 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 Inman differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Inman - 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 Inman real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$116,515

Inman, SC HOME PRICES

Value Range
> $1,119,000 0.0
$839,001 - $1,119,000 0.0
$559,001 - $839,000 1.4
$448,001 - $559,000 0.2
$336,001 - $448,000 5.5
$224,001 - $336,000 7.5
$112,001 - $224,000 30.2
$56,001 - $112,000 43.2
$0 - $56,000 11.9

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
67.4147427633892 46.0966542750929

Number Of Homes And Apartments:
920

Rent & Ownership

 

Average Market Rent:
$826 / per month

Homeownership Rate

Homeownership
Owners 56.39
Renters 43.61
Vacant 9.89

Housing Market Details

 

Age of Homes

AGE OF Inman HOMES
2000 or Newer 16.4
1970 - 1999 23.8
1940 - 1969 37.8
1939 or Older 22.0

Types of Homes

TYPE OF Inman HOMES
Single-Family 69.3
Townhomes 1.1
Small Apt. Buildings 11.9
Apt. Complexes 11.1
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Inman HOMES
No Bedroom 2.45
1 Bedroom 11.36
2 Bedrooms 33.99
3 Bedrooms 41.14
4 Bedrooms 10.58
5 or more bedrooms 0.49

Inman Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
25.69% 1.33% 4 3
* 10 is highest