Orangeburg, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Orangeburg Neighborhoods Since 2000




Orangeburg, 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

Orangeburg Housing Market Information

With a population of 13,460, 4,549 total housing units (homes and apartments), and a median house value of $129,950, house prices in Orangeburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Orangeburg, accounting for 64.59% of the city's housing units. Other types of housing that are prevalent in Orangeburg include duplexes, homes converted to apartments or other small apartment buildings ( 20.97%), large apartment complexes or high rise apartments ( 8.67%), and a few row houses and other attached homes ( 4.47%).

Renters dominate Orangeburg's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Orangeburg 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 Orangeburg built between 1940-1969 ( 36.82%). A lesser amount of the housing stock also hails from before 1939 ( 10.29%). There's also some housing in Orangeburg built between 2000 and later ( 8.87%).

Vacant housing appears to be an issue in Orangeburg. Fully 17.69% of the housing stock is classified as vacant. Left unchecked, vacant Orangeburg homes and apartments can be a drag on the real estate market, holding Orangeburg 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.

Orangeburg Home Appreciation Rates

Real estate appreciation rates in Orangeburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.55% during the period.

Over the last year, Orangeburg appreciation rates have trailed the rest of the nation. In the last twelve months, Orangeburg's appreciation rate has been 1.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Orangeburg were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to South Carolina, our data show that Orangeburg's latest annual appreciation rate is lower than 50% 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 Orangeburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Orangeburg - 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 Orangeburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$129,950

Orangeburg, SC HOME PRICES

Value Range
> $1,055,000 0.2
$791,001 - $1,055,000 0.0
$528,001 - $791,000 0.5
$422,001 - $528,000 0.6
$317,001 - $422,000 3.8
$211,001 - $317,000 8.9
$106,001 - $211,000 34.5
$53,001 - $106,000 35.5
$0 - $53,000 15.9

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
59.9085901793039 35.6877323420074

Number Of Homes And Apartments:
4,549

Orangeburg 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
33.75% 1.70% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$920 / per month

Homeownership Rate

Homeownership
Owners 34.88
Renters 65.12
Vacant 17.69

Housing Market Details

 

Age of Homes

AGE OF Orangeburg HOMES
2000 or Newer 8.9
1970 - 1999 44.0
1940 - 1969 36.8
1939 or Older 10.3

Types of Homes

TYPE OF Orangeburg HOMES
Single-Family 64.6
Townhomes 4.5
Small Apt. Buildings 21.0
Apt. Complexes 8.7
Mobile Homes 1.3
Other 0.0

Home Size

SIZE OF Orangeburg HOMES
No Bedroom 2.51
1 Bedroom 8.30
2 Bedrooms 35.30
3 Bedrooms 42.05
4 Bedrooms 9.70
5 or more bedrooms 2.13