Port Royal, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Port Royal, SC Real Estate Data


Port Royal Housing Market Information

With a population of 12,122, 2,722 total housing units (homes and apartments), and a median house value of $198,964, Port Royal real estate is some of the most expensive in South Carolina, although Port Royal home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Port Royal, accounting for 45.10% of the town's housing units. Other types of housing that are prevalent in Port Royal include large apartment complexes or high rise apartments ( 35.17%), duplexes, homes converted to apartments or other small apartment buildings ( 12.29%), and a few mobile homes or trailers ( 5.20%).

Port Royal is dominated by renter-occupied one, two, or no bedrooms apartments. 78.25% of Port Royal's dwellings are rentals.

Port Royal homes and real estate are some of the newest in America. 50.59% of Port Royal's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Port Royal real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 37.54%), and between 1940-1969 ( 11.30%).

Vacant housing appears to be an issue in Port Royal. Fully 13.12% of the housing stock is classified as vacant. Left unchecked, vacant Port Royal homes and apartments can be a drag on the real estate market, holding Port Royal 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.

Port Royal Home Appreciation Rates

Port Royal's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Port Royal during the period has been just -2.00%, which is lower than 80% of US communities.

Over the last year, Port Royal appreciation rates have trailed the rest of the nation. In the last twelve months, Port Royal's appreciation rate has been 1.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Royal were at -0.36%, which equates to an annual appreciation rate of -1.42%.

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

Relative to South Carolina, our data show that Port Royal's latest annual appreciation rate is lower than 80% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$198,964

Port Royal, SC HOME PRICES

Value Range
> $1,143,000 2.3
$857,001 - $1,143,000 2.0
$572,001 - $857,000 2.9
$457,001 - $572,000 4.1
$343,001 - $457,000 5.5
$229,001 - $343,000 17.9
$114,001 - $229,000 42.1
$57,001 - $114,000 11.1
$0 - $57,000 12.1

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
33.4602096386953 14.8698884758364

Number Of Homes And Apartments:
2,722

Rent & Ownership

 

Average Market Rent:
$1,440 / per month

Homeownership Rate

Homeownership
Owners 21.75
Renters 78.25
Vacant 13.12

Housing Market Details

 

Age of Homes

AGE OF Port Royal HOMES
2000 or Newer 50.6
1970 - 1999 37.5
1940 - 1969 11.3
1939 or Older 0.6

Types of Homes

TYPE OF Port Royal HOMES
Single-Family 45.1
Townhomes 2.2
Small Apt. Buildings 12.3
Apt. Complexes 35.2
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Port Royal HOMES
No Bedroom 6.89
1 Bedroom 14.36
2 Bedrooms 32.08
3 Bedrooms 36.71
4 Bedrooms 8.87
5 or more bedrooms 1.09

Port Royal 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
38.01% 1.91% 7 4
* 10 is highest

Popular Neighborhoods in Port Royal

Zip Codes in Port Royal, SC