Ridgeland, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ridgeland Neighborhoods Since 2000




Ridgeland, 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

Ridgeland Housing Market Information

With a population of 3,999, 1,248 total housing units (homes and apartments), and a median house value of $118,948, house prices in Ridgeland are solidly below the national average.

Single-family detached homes are the single most common housing type in Ridgeland, accounting for 56.73% of the town's housing units. Other types of housing that are prevalent in Ridgeland include mobile homes or trailers ( 19.97%), large apartment complexes or high rise apartments ( 12.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.02%).

The most prevalent building size and type in Ridgeland are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 51.24% owning and 48.76% renting.

There is a lot of housing in Ridgeland 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 Ridgeland built between 2000 and later ( 24.85%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.83%). There's also some housing in Ridgeland built before 1939 ( 6.29%).

Ridgeland Home Appreciation Rates

Ridgeland's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Ridgeland during the period has been just -0.97%, which is lower than 70% of US communities.

Appreciation rates are so strong in Ridgeland that despite a nationwide downturn in the housing market, Ridgeland real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridgeland appreciation rates continue to be some of the highest in America, at 9.71%, which is higher than appreciation rates in 93.01% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridgeland. Ridgeland appreciation rates in the latest quarter were at 2.88%, which equates to an annual appreciation rate of 12.03%.

Importantly, this makes Ridgeland 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 Ridgeland's latest annual appreciation rate is higher than 90% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$118,948

Ridgeland, SC HOME PRICES

Value Range
> $1,167,000 0.0
$875,001 - $1,167,000 2.1
$583,001 - $875,000 4.5
$467,001 - $583,000 0.3
$350,001 - $467,000 4.2
$233,001 - $350,000 17.6
$117,001 - $233,000 17.4
$58,001 - $117,000 38.3
$0 - $58,000 15.5

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
66.0846126801828 45.3531598513011

Number Of Homes And Apartments:
1,248

Ridgeland 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
41.67% 2.04% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,105 / per month

Homeownership Rate

Homeownership
Owners 51.24
Renters 48.76
Vacant 7.69

Housing Market Details

 

Age of Homes

AGE OF Ridgeland HOMES
2000 or Newer 24.9
1970 - 1999 51.0
1940 - 1969 17.8
1939 or Older 6.3

Types of Homes

TYPE OF Ridgeland HOMES
Single-Family 56.7
Townhomes 1.3
Small Apt. Buildings 9.0
Apt. Complexes 12.9
Mobile Homes 20.0
Other 0.0

Home Size

SIZE OF Ridgeland HOMES
No Bedroom 0.00
1 Bedroom 12.50
2 Bedrooms 25.96
3 Bedrooms 55.92
4 Bedrooms 4.36
5 or more bedrooms 1.26

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Zip Codes in Ridgeland, SC