North Augusta, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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North Augusta, SC Real Estate Data


North Augusta Housing Market Information

With 22,522 people, 8,802 houses or apartments, and a median cost of homes of $178,021, North Augusta real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in North Augusta, accounting for 69.15% of the city's housing units. Other types of housing that are prevalent in North Augusta include large apartment complexes or high rise apartments ( 11.36%), duplexes, homes converted to apartments or other small apartment buildings ( 11.05%), and a few row houses and other attached homes ( 7.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in North Augusta. Owner-occupied housing accounts for 65.58% of North Augusta's homes, and 61.54% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in North Augusta 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 North Augusta built between 1940-1969 ( 30.82%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.82%). There's also some housing in North Augusta built before 1939 ( 2.18%).

North Augusta Home Appreciation Rates

Appreciation rates for homes in North Augusta have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.36%, which ranks in the top 50% nationwide. This equates to an annual average North Augusta house appreciation rate of 0.43%.

NeighborhoodScout's data show that during the latest twelve months, North Augusta's appreciation rate, at 5.09%, has been at or slightly above the national average. In the latest quarter, North Augusta's appreciation rate has been 3.10%, which annualizes to a rate of 12.99%.

Importantly, this makes North Augusta 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 North Augusta'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 North Augusta differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in North Augusta - 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 North Augusta real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$178,021

North Augusta, SC HOME PRICES

Value Range
> $1,065,000 0.0
$799,001 - $1,065,000 4.4
$532,001 - $799,000 2.5
$426,001 - $532,000 2.5
$319,001 - $426,000 6.2
$213,001 - $319,000 11.9
$107,001 - $213,000 42.6
$53,001 - $107,000 22.7
$0 - $53,000 7.2

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
39.9836036774609 17.4721189591078

Number Of Homes And Apartments:
8,802

Rent & Ownership

 

Average Market Rent:
$871 / per month

Homeownership Rate

Homeownership
Owners 65.58
Renters 34.42
Vacant 9.93

Housing Market Details

 

Age of Homes

AGE OF North Augusta HOMES
2000 or Newer 24.8
1970 - 1999 42.2
1940 - 1969 30.8
1939 or Older 2.2

Types of Homes

TYPE OF North Augusta HOMES
Single-Family 69.1
Townhomes 7.1
Small Apt. Buildings 11.1
Apt. Complexes 11.4
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF North Augusta HOMES
No Bedroom 0.54
1 Bedroom 6.35
2 Bedrooms 27.98
3 Bedrooms 44.43
4 Bedrooms 17.11
5 or more bedrooms 3.58

North Augusta 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
37.77% 1.90% 7 4
* 10 is highest