Okatie, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Okatie Neighborhoods Since 2000




Okatie, 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

Okatie Housing Market Information

With 15,812 people, 5,374 houses or apartments, and a median cost of homes of $327,418, Okatie house prices are not only among the most expensive in South Carolina, Okatie 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 Okatie, accounting for 88.57% of the town's housing units. Other types of housing that are prevalent in Okatie include row houses and other attached homes ( 8.27%), large apartment complexes or high rise apartments ( 2.18%).

Dwellings in Okatie tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 57.73% of the homes in Okatie have two or fewer bedrooms.

Okatie homes and real estate are some of the newest in America. 66.04% of Okatie's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Okatie real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.72%), and between 1940-1969 ( 1.15%).

Vacant housing appears to be an issue in Okatie. Fully 11.98% of the housing stock is classified as vacant. Left unchecked, vacant Okatie homes and apartments can be a drag on the real estate market, holding Okatie real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Okatie Home Appreciation Rates

Okatie's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Okatie during the period has been just -0.86%, which is lower than 70% of US communities.

Appreciation rates are so strong in Okatie that despite a nationwide downturn in the housing market, Okatie real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Okatie appreciation rates continue to be some of the highest in America, at 14.98%, which is higher than appreciation rates in 99.35% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Okatie. Okatie appreciation rates in the latest quarter were at 2.88%, which equates to an annual appreciation rate of 12.03%.

Importantly, this makes Okatie 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 Okatie's latest annual appreciation rate is higher than 90% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$327,418

Okatie, SC HOME PRICES

Value Range
> $1,253,000 2.4
$940,001 - $1,253,000 3.1
$627,001 - $940,000 6.4
$501,001 - $627,000 7.2
$376,001 - $501,000 19.3
$251,001 - $376,000 39.5
$126,001 - $251,000 18.1
$63,001 - $126,000 0.1
$0 - $63,000 3.9

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
13.9341380522677 4.08921933085502

Number Of Homes And Apartments:
5,374

Okatie 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
26.19% 1.36% 4 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,762 / per month

Homeownership Rate

Homeownership
Owners 88.77
Renters 11.23
Vacant 11.98

Housing Market Details

 

Age of Homes

AGE OF Okatie HOMES
2000 or Newer 66.0
1970 - 1999 32.7
1940 - 1969 1.1
1939 or Older 0.1

Types of Homes

TYPE OF Okatie HOMES
Single-Family 88.6
Townhomes 8.3
Small Apt. Buildings 0.0
Apt. Complexes 2.2
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF Okatie HOMES
No Bedroom 0.00
1 Bedroom 0.67
2 Bedrooms 57.07
3 Bedrooms 33.89
4 Bedrooms 6.77
5 or more bedrooms 1.60