Mount Pleasant, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Mount Pleasant Neighborhoods Since 2000




Mount Pleasant, 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

Mount Pleasant Housing Market Information

With 81,317 people, 30,007 houses or apartments, and a median cost of homes of $522,070, Mount Pleasant house prices are not only among the most expensive in South Carolina, Mount Pleasant 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 Mount Pleasant, accounting for 66.11% of the town's housing units. Other types of housing that are prevalent in Mount Pleasant include large apartment complexes or high rise apartments ( 19.72%), row houses and other attached homes ( 9.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.99%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mount Pleasant. Owner-occupied housing accounts for 70.97% of Mount Pleasant's homes, and 65.10% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mount Pleasant 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 Mount Pleasant built between 2000 and later ( 36.83%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.93%).

Mount Pleasant Home Appreciation Rates

In the last 10 years, Mount Pleasant has experienced some of the highest home appreciation rates of any community in the nation. Mount Pleasant real estate appreciated 21.41% over the last ten years, which is an average annual home appreciation rate of 1.96%, putting Mount Pleasant in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mount Pleasant definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Mount Pleasant that despite a nationwide downturn in the housing market, Mount Pleasant real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mount Pleasant appreciation rates continue to be some of the highest in America, at 11.75%, which is higher than appreciation rates in 97.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mount Pleasant. Mount Pleasant appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.31%.

Importantly, this makes Mount Pleasant 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 Mount Pleasant's latest annual appreciation rate is higher than 90% 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 Mount Pleasant differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mount Pleasant - 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 Mount Pleasant real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$522,070

Mount Pleasant, SC HOME PRICES

Value Range
> $1,361,000 4.8
$1,021,001 - $1,361,000 6.9
$680,001 - $1,021,000 15.5
$544,001 - $680,000 14.8
$408,001 - $544,000 24.3
$272,001 - $408,000 17.1
$136,001 - $272,000 12.2
$68,001 - $136,000 1.7
$0 - $68,000 2.6

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
5.33223954060705 2.60223048327138

Number Of Homes And Apartments:
30,007

Mount Pleasant 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
113.78% 4.50% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,825 / per month

Homeownership Rate

Homeownership
Owners 70.97
Renters 29.03
Vacant 6.62

Housing Market Details

 

Age of Homes

AGE OF Mount Pleasant HOMES
2000 or Newer 36.8
1970 - 1999 52.5
1940 - 1969 9.9
1939 or Older 0.8

Types of Homes

TYPE OF Mount Pleasant HOMES
Single-Family 66.1
Townhomes 9.5
Small Apt. Buildings 4.0
Apt. Complexes 19.7
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Mount Pleasant HOMES
No Bedroom 0.56
1 Bedroom 6.41
2 Bedrooms 19.23
3 Bedrooms 38.96
4 Bedrooms 26.14
5 or more bedrooms 8.70