Piedmont, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Piedmont Neighborhoods Since 2000




Piedmont, 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

Piedmont Housing Market Information

With a population of 5,312, 2,132 total housing units (homes and apartments), and a median house value of $141,098, 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 74.66% of the town's housing units. Other types of housing that are prevalent in Piedmont include mobile homes or trailers ( 22.80%), large apartment complexes or high rise apartments ( 1.75%).

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 68.19% of Piedmont's homes, and 72.72% 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 ( 21.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.77%). There's also some housing in Piedmont built before 1939 ( 12.23%).

Vacant housing appears to be an issue in Piedmont. Fully 15.33% 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 7.28%, which ranks in the top 40% nationwide. This equates to an annual average Piedmont house appreciation rate of 0.71%.

NeighborhoodScout's data show that during the latest twelve months, Piedmont's appreciation rate, at 5.34%, has been at or slightly above the national average. In the latest quarter, Piedmont's appreciation rate has been 1.93%, which annualizes to a rate of 7.93%.

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 60% 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:
$141,098

Piedmont, SC HOME PRICES

Value Range
> $1,142,000 0.0
$856,001 - $1,142,000 1.6
$571,001 - $856,000 2.1
$457,001 - $571,000 0.4
$343,001 - $457,000 1.2
$229,001 - $343,000 6.6
$114,001 - $229,000 44.4
$57,001 - $114,000 32.1
$0 - $57,000 11.6

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
54.2540724247041 28.996282527881

Number Of Homes And Apartments:
2,132

Piedmont 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
29.88% 1.53% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,132 / per month

Homeownership Rate

Homeownership
Owners 68.19
Renters 31.81
Vacant 15.33

Housing Market Details

 

Age of Homes

AGE OF Piedmont HOMES
2000 or Newer 14.8
1970 - 1999 52.0
1940 - 1969 21.0
1939 or Older 12.2

Types of Homes

TYPE OF Piedmont HOMES
Single-Family 74.7
Townhomes 0.0
Small Apt. Buildings 0.8
Apt. Complexes 1.7
Mobile Homes 22.8
Other 0.0

Home Size

SIZE OF Piedmont HOMES
No Bedroom 1.39
1 Bedroom 4.09
2 Bedrooms 20.37
3 Bedrooms 58.34
4 Bedrooms 14.38
5 or more bedrooms 1.43