Piedmont, 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 Q2 2021. 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

Piedmont, SC Housing Market Trends

With 5,312 people, 1,787 houses or apartments, and a median cost of homes of $185,939, Piedmont 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 Piedmont, accounting for 59.57% of the town's housing units. Other types of housing that are prevalent in Piedmont include mobile homes or trailers ( 22.86%), duplexes, homes converted to apartments or other small apartment buildings ( 16.26%), and a few large apartment complexes or high rise apartments ( 1.31%).

The most prevalent building size and type in Piedmont are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.41% owning and 35.59% renting.

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 ( 16.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.73%). There's also some housing in Piedmont built before 1939 ( 6.60%).

Vacant housing appears to be an issue in Piedmont. Fully 24.34% 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 50.95%, which ranks in the top 40% nationwide. This equates to an annual average Piedmont house appreciation rate of 4.20%.

Over the last year, Piedmont appreciation rates have trailed the rest of the nation. In the last twelve months, Piedmont's appreciation rate has been 6.98%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Piedmont were at 2.70%, which equates to an annual appreciation rate of 11.24%.

Relative to South Carolina, our data show that Piedmont's latest annual appreciation rate is lower than 80% 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:
$185,939

Piedmont, SC HOME PRICES

> $1,254,000
1.1%
1.1%
$941,001 - $1,254,000
2.2%
2.2%
$628,001 - $941,000
2.2%
2.2%
$502,001 - $628,000
1.2%
1.2%
$376,001 - $502,000
3.3%
3.3%
$251,001 - $376,000
13.4%
13.4%
$125,001 - $251,000
41.6%
41.6%
$63,001 - $125,000
20.9%
20.9%
$0 - $63,000
14.2%
14.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for SC

Value Relative To Nation

Number Of Homes And Apartments:
1,787

Piedmont Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
74.89% 2.63%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,280 / per month

Homeownership Rate

Owners
64.4%
64.4%
Renters
35.6%
35.6%
Vacant
24.3%
24.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.7%
11.7%
1970 - 1999
65.5%
65.5%
1940 - 1969
16.2%
16.2%
1939 or Older
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.6%
59.6%
Townhomes
0.0%
0.0%
Small Apt. Buildings
16.3%
16.3%
Apt. Complexes
1.3%
1.3%
Mobile Homes
22.9%
22.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.8%
2.8%
1 Bedroom
14.8%
14.8%
2 Bedrooms
16.7%
16.7%
3 Bedrooms
49.7%
49.7%
4 Bedrooms
16.0%
16.0%
5 or more bedrooms
0.0%
0.0%
0.0% 100.0%
% OF HOMES