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 about Scout's Real Estate Data
With 3,371 people, 1,325 houses or apartments, and a median cost of homes of $227,793, Pickens real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Pickens, accounting for 67.45% of the city's housing units. Other types of housing that are prevalent in Pickens include mobile homes or trailers ( 13.88%), large apartment complexes or high rise apartments ( 11.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.34%).
People in Pickens primarily live in small (one, two or no bedroom) single-family detached homes. Pickens has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Pickens 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 Pickens built between 1940-1969 ( 35.03%). A lesser amount of the housing stock also hails from before 1939 ( 18.05%). There's also some housing in Pickens built between 2000 and later ( 9.58%).
Vacant housing appears to be an issue in Pickens. Fully 17.55% of the housing stock is classified as vacant. Left unchecked, vacant Pickens homes and apartments can be a drag on the real estate market, holding Pickens 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.
Appreciation rates for homes in Pickens have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.37%, which ranks in the top 30% nationwide. This equates to an annual average Pickens house appreciation rate of 7.25%.
NeighborhoodScout's data show that during the latest twelve months, Pickens's appreciation rate, at 5.53%, has been at or slightly above the national average. In the latest quarter, Pickens's appreciation rate has been 4.15%, which annualizes to a rate of 17.66%.
Importantly, this makes Pickens one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to South Carolina, our data show that Pickens's latest annual appreciation rate is lower than 70% 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 Pickens differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pickens - 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 Pickens real estate investment or home purchase decisions.
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