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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Okatie HOMES|
|2000 or Newer||66.0|
|1970 - 1999||32.7|
|1940 - 1969||1.1|
|1939 or Older||0.1|
|TYPE OF Okatie HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Okatie HOMES|
|5 or more bedrooms||1.60|