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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 12,122, 2,906 total housing units (homes and apartments), and a median house value of $188,514, 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 48.36% of the town's housing units. Other types of housing that are prevalent in Port Royal include large apartment complexes or high rise apartments ( 32.43%), duplexes, homes converted to apartments or other small apartment buildings ( 10.02%), and a few mobile homes or trailers ( 5.96%).
Renters dominate Port Royal's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
Port Royal homes and real estate are some of the newest in America. 51.71% 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 ( 36.06%), and between 1940-1969 ( 11.16%). There's also some housing in Port Royal built before 1939 ( 1.08%).
Vacant housing appears to be an issue in Port Royal. Fully 10.67% 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'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 -1.62%, which is lower than 80% of US communities.
Appreciation rates are so strong in Port Royal that despite a nationwide downturn in the housing market, Port Royal real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Port Royal appreciation rates continue to be some of the highest in America, at 7.61%, which is higher than appreciation rates in 84.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Port Royal. Port Royal appreciation rates in the latest quarter were at 2.88%, which equates to an annual appreciation rate of 12.03%.
Importantly, this makes Port Royal 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 Port Royal's latest annual appreciation rate is higher than 80% of the other cities and towns in South Carolina.
|$875,001 - $1,167,000||0.9|
|$583,001 - $875,000||3.5|
|$467,001 - $583,000||4.5|
|$350,001 - $467,000||5.7|
|$233,001 - $350,000||20.1|
|$117,001 - $233,000||44.2|
|$58,001 - $117,000||12.1|
|$0 - $58,000||7.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Port Royal HOMES|
|2000 or Newer||51.7|
|1970 - 1999||36.1|
|1940 - 1969||11.2|
|1939 or Older||1.1|
|TYPE OF Port Royal HOMES|
|Small Apt. Buildings||10.0|
|SIZE OF Port Royal HOMES|
|5 or more bedrooms||1.94|