St. Matthews, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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St. Matthews, SC Real Estate Data


St. Matthews Housing Market Information

With 1,984 people, 806 houses or apartments, and a median cost of homes of $105,189, house prices in St. Matthews are solidly below the national average.

Single-family detached homes are the single most common housing type in St. Matthews, accounting for 80.66% of the town's housing units. Other types of housing that are prevalent in St. Matthews include large apartment complexes or high rise apartments ( 8.82%), duplexes, homes converted to apartments or other small apartment buildings ( 6.82%), and a few row houses and other attached homes ( 2.65%).

The most prevalent building size and type in St. Matthews are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.78% owning and 44.22% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. St. Matthews's housing was primarily built during this period, from the '40s through the '60s. A full 42.65% of the town's housing hails from this era. Other housing ages represented in St. Matthews include homes built between 1970-1999 ( 39.43%) and housing constructed before 1939 ( 10.43%). There's also some housing in St. Matthews built between 2000 and later ( 7.49%).

Vacant housing appears to be an issue in St. Matthews. Fully 23.60% of the housing stock is classified as vacant. Left unchecked, vacant St. Matthews homes and apartments can be a drag on the real estate market, holding St. Matthews 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.

St. Matthews Home Appreciation Rates

Appreciation rates for homes in St. Matthews have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.39%, which ranks in the top 50% nationwide. This equates to an annual average St. Matthews house appreciation rate of 0.43%.

NeighborhoodScout's data show that during the latest twelve months, St. Matthews's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, St. Matthews's appreciation rate has been 0.47%, which annualizes to a rate of 1.89%.

Relative to South Carolina, our data show that St. Matthews's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$105,189

St. Matthews, SC HOME PRICES

Value Range
> $1,078,000 0.0
$808,001 - $1,078,000 2.0
$539,001 - $808,000 0.0
$431,001 - $539,000 0.7
$324,001 - $431,000 1.5
$216,001 - $324,000 9.9
$108,001 - $216,000 28.5
$54,001 - $108,000 39.2
$0 - $54,000 18.1

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
74.0653931794211 53.5315985130111

Number Of Homes And Apartments:
806

Rent & Ownership

 

Average Market Rent:
$972 / per month

Homeownership Rate

Homeownership
Owners 55.78
Renters 44.22
Vacant 23.60

Housing Market Details

 

Age of Homes

AGE OF St. Matthews HOMES
2000 or Newer 7.5
1970 - 1999 39.4
1940 - 1969 42.7
1939 or Older 10.4

Types of Homes

TYPE OF St. Matthews HOMES
Single-Family 80.7
Townhomes 2.7
Small Apt. Buildings 6.8
Apt. Complexes 8.8
Mobile Homes 1.0
Other 0.0

Home Size

SIZE OF St. Matthews HOMES
No Bedroom 0.76
1 Bedroom 12.42
2 Bedrooms 23.32
3 Bedrooms 48.91
4 Bedrooms 11.47
5 or more bedrooms 3.13

St. Matthews Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
39.94% 1.97% 8 5
* 10 is highest

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