Pawleys Island, SC Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Pawleys Island, SC Housing Market Trends

With a population of 108, 52 total housing units (homes and apartments), and a median house value of $644,111, Pawleys Island house prices are not only among the most expensive in South Carolina, Pawleys Island real estate also is some of the most expensive in all of America.

Pawleys Island is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Pawleys Island than is found in 98% of the communities in America.

The large homes that make up Pawleys Island are primarily owner-occupied ( 88.46%).

There is a lot of housing in Pawleys Island 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 Pawleys Island built between 1940-1969 ( 33.21%). A lesser amount of the housing stock also hails from before 1939 ( 6.93%). There's also some housing in Pawleys Island built between 2000 and later ( 5.84%).

A decent proportion of the Pawleys Island housing stock is seasonally occupied. That is, homes and condos in Pawleys Island are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Pawleys Island housing market speaks to its popularity as a vacation location of choice.

Pawleys Island Home Appreciation Rates

Appreciation rates for homes in Pawleys Island have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 35.37%, which ranks in the top 50% nationwide. This equates to an annual average Pawleys Island house appreciation rate of 3.07%.

Appreciation rates are so strong in Pawleys Island that despite a nationwide downturn in the housing market, Pawleys Island real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pawleys Island appreciation rates continue to be some of the highest in America, at 6.74%, which is higher than appreciation rates in 82.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pawleys Island. Pawleys Island appreciation rates in the latest quarter were at 2.26%, which equates to an annual appreciation rate of 9.35%.

Relative to South Carolina, our data show that Pawleys Island's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$644,111

Pawleys Island, SC HOME PRICES

> $1,247,000
10.5%
10.5%
$935,001 - $1,247,000
13.7%
13.7%
$623,001 - $935,000
25.6%
25.6%
$499,001 - $623,000
9.5%
9.5%
$374,001 - $499,000
13.3%
13.3%
$250,001 - $374,000
14.6%
14.6%
$125,001 - $250,000
9.2%
9.2%
$62,001 - $125,000
3.2%
3.2%
$0 - $62,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for SC

Value Relative To Nation

Number Of Homes And Apartments:
52

Pawleys Island Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
91.48% 3.14%
9
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,321 / per month

Homeownership Rate

Owners
88.5%
88.5%
Renters
11.5%
11.5%
Vacant
90.5%
90.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.8%
5.8%
1970 - 1999
54.0%
54.0%
1940 - 1969
33.2%
33.2%
1939 or Older
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
84.7%
84.7%
Townhomes
1.8%
1.8%
Small Apt. Buildings
6.4%
6.4%
Apt. Complexes
7.1%
7.1%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
0.0%
0.0%
2 Bedrooms
9.7%
9.7%
3 Bedrooms
17.7%
17.7%
4 Bedrooms
36.3%
36.3%
5 or more bedrooms
35.6%
35.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Pawleys Island

Popular Communities Near Pawleys Island, SC

Zip Codes in Pawleys Island, SC