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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Saluda, 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 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Saluda, SC Housing Market Trends

With 3,056 people, 1,176 houses or apartments, and a median cost of homes of $88,559, house prices in Saluda are some of the most affordable in South Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Saluda, accounting for 47.53% of the town's housing units. Other types of housing that are prevalent in Saluda include mobile homes or trailers ( 32.86%), duplexes, homes converted to apartments or other small apartment buildings ( 9.81%), and a few large apartment complexes or high rise apartments ( 6.14%).

The most prevalent building size and type in Saluda are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 48.44% owning and 51.56% renting.

There is a lot of housing in Saluda 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 Saluda built between 1940-1969 ( 19.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.88%). There's also some housing in Saluda built before 1939 ( 7.93%).

Vacant housing appears to be an issue in Saluda. Fully 11.98% of the housing stock is classified as vacant. Left unchecked, vacant Saluda homes and apartments can be a drag on the real estate market, holding Saluda 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.

Saluda Home Appreciation Rates

Saluda's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Saluda during the period has been just 4.82%, which is lower than 80% of US communities.

Appreciation rates are so strong in Saluda that despite a nationwide downturn in the housing market, Saluda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Saluda appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 80.55% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Saluda. Saluda appreciation rates in the latest quarter were at 0.99%, which equates to an annual appreciation rate of 4.01%.

Relative to South Carolina, our data show that Saluda's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.

Average Home Values

Median Home Value

$88,559

Saluda, SC Home Prices
> $1,191,000
$894,001 - $1,191,000
$596,001 - $894,000
$477,001 - $596,000
$357,001 - $477,000
$238,001 - $357,000
$119,001 - $238,000
$60,001 - $119,000
$0 - $60,000
0.0%
0.0%
1.1%
1.1%
1.1%
1.1%
2.4%
2.4%
4.4%
4.4%
13.6%
13.6%
19.0%
19.0%
31.3%
31.3%
27.1%
27.1%
0% 100.0%
% of Homes
Very Low

for South carolina

Very Low

for nation

Number of Homes And Apartments:

1,176

Saluda Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,105 / per month

Homeownership Rate

Owners
Renters
48.4%
48.4%
51.6%
51.6%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.0%
12.0%
88.0%
88.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.9%
9.9%
62.5%
62.5%
19.7%
19.7%
7.9%
7.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
47.5%
47.5%
3.7%
3.7%
9.8%
9.8%
6.1%
6.1%
32.9%
32.9%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.1%
5.1%
8.3%
8.3%
19.7%
19.7%
59.0%
59.0%
7.1%
7.1%
0.8%
0.8%
0% 100.0%
% of Homes