Saluda, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Saluda Neighborhoods Since 2000




Saluda, 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

Saluda Housing Market Information

With 3,596 people, 1,157 houses or apartments, and a median cost of homes of $114,319, house prices in Saluda are solidly below the national average.

Single-family detached homes are the single most common housing type in Saluda, accounting for 68.44% of the town's housing units. Other types of housing that are prevalent in Saluda include mobile homes or trailers ( 17.90%), large apartment complexes or high rise apartments ( 8.34%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.82%).

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 45.45% owning and 54.55% 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 ( 35.59%). A lesser amount of the housing stock also hails from before 1939 ( 8.99%). There's also some housing in Saluda built between 2000 and later ( 7.33%).

Vacant housing appears to be an issue in Saluda. Fully 16.82% 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

Appreciation rates for homes in Saluda have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.05%, which ranks in the top 30% nationwide. This equates to an annual average Saluda house appreciation rate of 1.05%.

Over the last year, Saluda appreciation rates have trailed the rest of the nation. In the last twelve months, Saluda's appreciation rate has been 1.57%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Saluda were at 0.33%, which equates to an annual appreciation rate of 1.34%.

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

Average Home Values

 

Median Home Value:
$114,319

Saluda, SC HOME PRICES

Value Range
> $1,099,000 0.2
$824,001 - $1,099,000 0.0
$550,001 - $824,000 0.2
$440,001 - $550,000 0.3
$330,001 - $440,000 3.3
$220,001 - $330,000 8.7
$110,001 - $220,000 31.6
$55,001 - $110,000 30.6
$0 - $55,000 25.1

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
68.7390132427048 48.6988847583643

Number Of Homes And Apartments:
1,157

Saluda 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
35.58% 1.78% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$722 / per month

Homeownership Rate

Homeownership
Owners 45.45
Renters 54.55
Vacant 16.82

Housing Market Details

 

Age of Homes

AGE OF Saluda HOMES
2000 or Newer 7.3
1970 - 1999 48.1
1940 - 1969 35.6
1939 or Older 9.0

Types of Homes

TYPE OF Saluda HOMES
Single-Family 68.4
Townhomes 0.5
Small Apt. Buildings 4.8
Apt. Complexes 8.3
Mobile Homes 17.9
Other 0.0

Home Size

SIZE OF Saluda HOMES
No Bedroom 2.73
1 Bedroom 1.44
2 Bedrooms 31.27
3 Bedrooms 51.19
4 Bedrooms 11.43
5 or more bedrooms 1.94