Ridgeville, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Ridgeville Neighborhoods Since 2000




Ridgeville, 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

Ridgeville Housing Market Information

With a population of 1,836, 235 total housing units (homes and apartments), and a median house value of $135,239, house prices in Ridgeville are solidly below the national average.

Single-family detached homes are the single most common housing type in Ridgeville, accounting for 66.53% of the town's housing units. Other types of housing that are prevalent in Ridgeville include mobile homes or trailers ( 32.67%).

Renters dominate Ridgeville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Ridgeville 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 Ridgeville built between 1940-1969 ( 35.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.94%). There's also some housing in Ridgeville built before 1939 ( 5.18%).

Ridgeville Home Appreciation Rates

Real estate appreciation rates in Ridgeville's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.38% during the period.

Appreciation rates are so strong in Ridgeville that despite a nationwide downturn in the housing market, Ridgeville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridgeville appreciation rates continue to be some of the highest in America, at 6.62%, which is higher than appreciation rates in 78.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridgeville. Ridgeville appreciation rates in the latest quarter were at 2.72%, which equates to an annual appreciation rate of 11.31%.

Importantly, this makes Ridgeville 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 Ridgeville's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$135,239

Ridgeville, SC HOME PRICES

Value Range
> $1,124,000 0.8
$843,001 - $1,124,000 0.6
$562,001 - $843,000 2.3
$449,001 - $562,000 2.0
$337,001 - $449,000 7.3
$225,001 - $337,000 10.7
$112,001 - $225,000 29.8
$56,001 - $112,000 19.7
$0 - $56,000 26.7

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
57.0725418961678 32.3420074349442

Number Of Homes And Apartments:
235

Ridgeville 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
49.36% 2.35% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,016 / per month

Homeownership Rate

Homeownership
Owners 25.56
Renters 74.44
Vacant 6.37

Housing Market Details

 

Age of Homes

AGE OF Ridgeville HOMES
2000 or Newer 13.9
1970 - 1999 45.4
1940 - 1969 35.5
1939 or Older 5.2

Types of Homes

TYPE OF Ridgeville HOMES
Single-Family 66.5
Townhomes 0.8
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 32.7
Other 0.0

Home Size

SIZE OF Ridgeville HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 26.69
3 Bedrooms 55.78
4 Bedrooms 13.55
5 or more bedrooms 3.98

Popular Neighborhoods in Ridgeville

Zip Codes in Ridgeville, SC