Piedmont, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Piedmont Neighborhoods Since 2000




Piedmont, SC Real Estate Data


Piedmont Housing Market Information

With 5,312 people, 2,034 houses or apartments, and a median cost of homes of $139,256, house prices in Piedmont are solidly below the national average.

Single-family detached homes are the single most common housing type in Piedmont, accounting for 74.48% of the town's housing units. Other types of housing that are prevalent in Piedmont include mobile homes or trailers ( 23.73%), large apartment complexes or high rise apartments ( 1.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Piedmont. Owner-occupied housing accounts for 68.05% of Piedmont's homes, and 67.71% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Piedmont 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 Piedmont built between 1940-1969 ( 22.81%). A lesser amount of the housing stock also hails from before 1939 ( 15.16%). There's also some housing in Piedmont built between 2000 and later ( 15.00%).

Vacant housing appears to be an issue in Piedmont. Fully 15.04% of the housing stock is classified as vacant. Left unchecked, vacant Piedmont homes and apartments can be a drag on the real estate market, holding Piedmont 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.

Piedmont Home Appreciation Rates

Appreciation rates for homes in Piedmont have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.23%, which ranks in the top 30% nationwide. This equates to an annual average Piedmont house appreciation rate of 1.43%.

Appreciation rates are so strong in Piedmont that despite a nationwide downturn in the housing market, Piedmont real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Piedmont appreciation rates continue to be some of the highest in America, at 8.73%, which is higher than appreciation rates in 94.79% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Piedmont. Piedmont appreciation rates in the latest quarter were at 3.00%, which equates to an annual appreciation rate of 12.57%.

Importantly, this makes Piedmont 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 Piedmont's latest annual appreciation rate is higher than 90% 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 town. Individual neighborhoods within Piedmont differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Piedmont - 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 Piedmont real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$139,256

Piedmont, SC HOME PRICES

Value Range
> $1,174,000 0.2
$880,001 - $1,174,000 0.9
$587,001 - $880,000 4.0
$470,001 - $587,000 0.3
$352,001 - $470,000 1.9
$235,001 - $352,000 7.1
$118,001 - $235,000 42.7
$59,001 - $118,000 34.4
$0 - $59,000 8.5

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
56.0929905721145 30.4832713754647

Number Of Homes And Apartments:
2,034

Rent & Ownership

 

Average Market Rent:
$828 / per month

Homeownership Rate

Homeownership
Owners 68.05
Renters 31.95
Vacant 15.04

Housing Market Details

 

Age of Homes

AGE OF Piedmont HOMES
2000 or Newer 15.0
1970 - 1999 47.0
1940 - 1969 22.8
1939 or Older 15.2

Types of Homes

TYPE OF Piedmont HOMES
Single-Family 74.5
Townhomes 0.6
Small Apt. Buildings 0.0
Apt. Complexes 1.2
Mobile Homes 23.7
Other 0.0

Home Size

SIZE OF Piedmont HOMES
No Bedroom 1.59
1 Bedroom 4.14
2 Bedrooms 25.15
3 Bedrooms 54.39
4 Bedrooms 13.32
5 or more bedrooms 1.42

Piedmont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
32.93% 1.69% 6 4
* 10 is highest