Inman, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Inman Neighborhoods Since 2000




Inman, 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

Inman Housing Market Information

With 2,273 people, 920 houses or apartments, and a median cost of homes of $112,371, 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 4.85%, which ranks in the top 40% nationwide. This equates to an annual average Inman house appreciation rate of 0.47%.

Over the last year, Inman appreciation rates have trailed the rest of the nation. In the last twelve months, Inman's appreciation rate has been 1.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Inman were at -3.08%, which equates to an annual appreciation rate of -11.77%.

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

Relative to South Carolina, our data show that Inman'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 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:
$112,371

Inman, SC HOME PRICES

Value Range
> $1,079,000 0.0
$810,001 - $1,079,000 0.0
$540,001 - $810,000 1.4
$432,001 - $540,000 0.2
$324,001 - $432,000 5.5
$216,001 - $324,000 7.5
$108,001 - $216,000 30.2
$54,001 - $108,000 43.2
$0 - $54,000 11.9

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
69.9226532286417 49.814126394052

Number Of Homes And Apartments:
920

Inman 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
21.28% 1.12% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$845 / 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