Moncks Corner, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Moncks Corner Neighborhoods Since 2000




Moncks Corner, 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

Moncks Corner Housing Market Information

With a population of 9,873, 3,441 total housing units (homes and apartments), and a median house value of $202,342, Moncks Corner real estate is some of the most expensive in South Carolina, although Moncks Corner home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Moncks Corner, accounting for 65.76% of the town's housing units. Other types of housing that are prevalent in Moncks Corner include duplexes, homes converted to apartments or other small apartment buildings ( 12.32%), large apartment complexes or high rise apartments ( 12.05%), and a few mobile homes or trailers ( 7.71%).

The most prevalent building size and type in Moncks Corner are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.43% owning and 37.57% renting.

There is a lot of housing in Moncks Corner 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 Moncks Corner built between 2000 and later ( 33.73%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.03%). There's also some housing in Moncks Corner built before 1939 ( 1.76%).

Moncks Corner Home Appreciation Rates

Appreciation rates for homes in Moncks Corner have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.68%, which ranks in the top 50% nationwide. This equates to an annual average Moncks Corner house appreciation rate of 0.17%.

Appreciation rates are so strong in Moncks Corner that despite a nationwide downturn in the housing market, Moncks Corner real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Moncks Corner appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 78.91% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Moncks Corner. Moncks Corner appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.31%.

Importantly, this makes Moncks Corner one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to South Carolina, our data show that Moncks Corner'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 town. Individual neighborhoods within Moncks Corner differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moncks Corner - 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 Moncks Corner real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$202,342

Moncks Corner, SC HOME PRICES

Value Range
> $1,195,000 1.0
$897,001 - $1,195,000 0.4
$598,001 - $897,000 0.5
$478,001 - $598,000 2.3
$359,001 - $478,000 3.5
$239,001 - $359,000 28.7
$120,001 - $239,000 36.4
$60,001 - $120,000 16.7
$0 - $60,000 10.4

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
31.712176256885 13.0111524163569

Number Of Homes And Apartments:
3,441

Moncks Corner 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
48.56% 2.32% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,022 / per month

Homeownership Rate

Homeownership
Owners 62.43
Renters 37.57
Vacant 8.46

Housing Market Details

 

Age of Homes

AGE OF Moncks Corner HOMES
2000 or Newer 33.7
1970 - 1999 47.5
1940 - 1969 17.0
1939 or Older 1.8

Types of Homes

TYPE OF Moncks Corner HOMES
Single-Family 65.8
Townhomes 2.2
Small Apt. Buildings 12.3
Apt. Complexes 12.1
Mobile Homes 7.7
Other 0.0

Home Size

SIZE OF Moncks Corner HOMES
No Bedroom 0.00
1 Bedroom 9.98
2 Bedrooms 18.41
3 Bedrooms 51.69
4 Bedrooms 16.89
5 or more bedrooms 3.03