Pawleys Island, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pawleys Island Neighborhoods Since 2000




Pawleys Island, 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

Pawleys Island Housing Market Information

With a population of 107, 55 total housing units (homes and apartments), and a median house value of $596,034, 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 ( 81.82%).

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 ( 24.79%). A lesser amount of the housing stock also hails from before 1939 ( 10.77%). There's also some housing in Pawleys Island built between 2000 and later ( 6.15%).

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

Pawleys Island's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Pawleys Island during the period has been just -1.36%, which is lower than 80% of US communities.

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 7.20%, which is higher than appreciation rates in 82.46% 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 1.10%, which equates to an annual appreciation rate of 4.47%.

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:
$596,034

Pawleys Island, SC HOME PRICES

Value Range
> $1,141,000 10.7
$856,001 - $1,141,000 14.0
$570,001 - $856,000 20.6
$456,001 - $570,000 15.6
$342,001 - $456,000 6.5
$228,001 - $342,000 12.7
$114,001 - $228,000 13.8
$57,001 - $114,000 4.5
$0 - $57,000 1.7

Very High for SC
Very High for Nation

Value Relative to Nation Value Relative to State
3.97867104183757 2.23048327137546

Number Of Homes And Apartments:
55

Pawleys Island 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
47.68% 2.29% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,458 / per month

Homeownership Rate

Homeownership
Owners 81.82
Renters 18.18
Vacant 90.60

Housing Market Details

 

Age of Homes

AGE OF Pawleys Island HOMES
2000 or Newer 6.2
1970 - 1999 58.3
1940 - 1969 24.8
1939 or Older 10.8

Types of Homes

TYPE OF Pawleys Island HOMES
Single-Family 83.9
Townhomes 1.7
Small Apt. Buildings 2.9
Apt. Complexes 11.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Pawleys Island HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 5.47
3 Bedrooms 25.81
4 Bedrooms 37.78
5 or more bedrooms 30.94

Popular Neighborhoods in Pawleys Island

Popular Communities Near Pawleys Island, SC

Zip Codes in Pawleys Island, SC