Pine Ridge, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Pine Ridge Neighborhoods Since 2000




Pine Ridge, SC Real Estate Data


Pine Ridge Housing Market Information

With a population of 2,230, 785 total housing units (homes and apartments), and a median house value of $116,176, house prices in Pine Ridge are solidly below the national average.

Single-family detached homes are the single most common housing type in Pine Ridge, accounting for 85.00% of the town's housing units. Other types of housing that are prevalent in Pine Ridge include mobile homes or trailers ( 12.26%), duplexes, homes converted to apartments or other small apartment buildings ( 2.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pine Ridge. Owner-occupied housing accounts for 84.33% of Pine Ridge's homes, and 76.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Pine Ridge 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 Pine Ridge built between 2000 and later ( 28.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.12%).

Pine Ridge Home Appreciation Rates

Appreciation rates for homes in Pine Ridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.41%, which ranks in the top 50% nationwide. This equates to an annual average Pine Ridge house appreciation rate of 0.43%.

Appreciation rates are so strong in Pine Ridge that despite a nationwide downturn in the housing market, Pine Ridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Pine Ridge appreciation rates continue to be some of the highest in America, at 6.44%, which is higher than appreciation rates in 79.54% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Pine Ridge. Pine Ridge appreciation rates in the latest quarter were at -0.62%, which equates to an annual appreciation rate of -2.46%.

Notably, Pine Ridge's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that Pine Ridge's latest annual appreciation rate is higher than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$116,176

Pine Ridge, SC HOME PRICES

Value Range
> $1,078,000 0.0
$808,001 - $1,078,000 0.0
$539,001 - $808,000 0.3
$431,001 - $539,000 1.4
$323,001 - $431,000 2.4
$216,001 - $323,000 8.2
$108,001 - $216,000 46.9
$54,001 - $108,000 27.3
$0 - $54,000 13.5

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
68.5249165544299 44.9814126394052

Number Of Homes And Apartments:
785

Rent & Ownership

 

Average Market Rent:
$919 / per month

Homeownership Rate

Homeownership
Owners 84.33
Renters 15.67
Vacant 6.55

Housing Market Details

 

Age of Homes

AGE OF Pine Ridge HOMES
2000 or Newer 28.1
1970 - 1999 56.8
1940 - 1969 15.1
1939 or Older 0.0

Types of Homes

TYPE OF Pine Ridge HOMES
Single-Family 85.0
Townhomes 0.7
Small Apt. Buildings 2.0
Apt. Complexes 0.0
Mobile Homes 12.3
Other 0.0

Home Size

SIZE OF Pine Ridge HOMES
No Bedroom 0.95
1 Bedroom 0.71
2 Bedrooms 15.60
3 Bedrooms 66.31
4 Bedrooms 10.60
5 or more bedrooms 5.83

Pine Ridge 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
32.01% 1.65% 5 3
* 10 is highest