Rock Hill, SC Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rock Hill, SC Housing Market Trends

With 75,048 people, 29,251 houses or apartments, and a median cost of homes of $193,437, Rock Hill real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Rock Hill, accounting for 58.55% of the city's housing units. Other types of housing that are prevalent in Rock Hill include large apartment complexes or high rise apartments ( 27.67%), duplexes, homes converted to apartments or other small apartment buildings ( 6.48%), and a few row houses and other attached homes ( 5.85%).

The most prevalent building size and type in Rock Hill are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.36% owning and 49.64% renting.

There is a lot of housing in Rock Hill 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 Rock Hill built between 2000 and later ( 36.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.85%). There's also some housing in Rock Hill built before 1939 ( 3.31%).

Rock Hill Home Appreciation Rates

Appreciation rates for homes in Rock Hill have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 48.03%, which ranks in the top 30% nationwide. This equates to an annual average Rock Hill house appreciation rate of 4.00%.

Appreciation rates are so strong in Rock Hill that despite a nationwide downturn in the housing market, Rock Hill real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Rock Hill appreciation rates continue to be some of the highest in America, at 6.44%, which is higher than appreciation rates in 73.05% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Rock Hill. Rock Hill appreciation rates in the latest quarter were at 1.99%, which equates to an annual appreciation rate of 8.20%.

Relative to South Carolina, our data show that Rock Hill's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Rock Hill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rock Hill - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Rock Hill real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$193,437

Rock Hill, SC HOME PRICES

> $1,241,000
0.2%
0.2%
$930,001 - $1,241,000
0.5%
0.5%
$620,001 - $930,000
1.4%
1.4%
$496,001 - $620,000
2.3%
2.3%
$372,001 - $496,000
7.7%
7.7%
$248,001 - $372,000
19.0%
19.0%
$124,001 - $248,000
41.9%
41.9%
$62,001 - $124,000
20.9%
20.9%
$0 - $62,000
6.0%
6.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

High for SC

Value Relative To Nation

Number Of Homes And Apartments:
29,251

Rock Hill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
71.31% 2.60%
7
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,321 / per month

Homeownership Rate

Owners
50.4%
50.4%
Renters
49.6%
49.6%
Vacant
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
36.9%
36.9%
1970 - 1999
38.9%
38.9%
1940 - 1969
20.9%
20.9%
1939 or Older
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.6%
58.6%
Townhomes
5.8%
5.8%
Small Apt. Buildings
6.5%
6.5%
Apt. Complexes
27.7%
27.7%
Mobile Homes
1.4%
1.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
9.0%
9.0%
2 Bedrooms
32.3%
32.3%
3 Bedrooms
39.6%
39.6%
4 Bedrooms
12.7%
12.7%
5 or more bedrooms
3.0%
3.0%
0.0% 100.0%
% OF HOMES