Surfside Beach, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Surfside Beach, 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

Surfside Beach Housing Market Information

With a population of 4,280, 2,030 total housing units (homes and apartments), and a median house value of $264,900, Surfside Beach real estate is some of the most expensive in South Carolina, although Surfside Beach home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Surfside Beach, accounting for 53.81% of the town's housing units. Other types of housing that are prevalent in Surfside Beach include duplexes, homes converted to apartments or other small apartment buildings ( 20.08%), large apartment complexes or high rise apartments ( 19.54%), and a few row houses and other attached homes ( 5.88%).

The most prevalent building size and type in Surfside Beach are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.34% owning and 42.66% renting.

There is a lot of housing in Surfside Beach 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 Surfside Beach built between 2000 and later ( 14.33%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.57%).

A decent proportion of the Surfside Beach housing stock is seasonally occupied. That is, homes and condos in Surfside Beach are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Surfside Beach housing market speaks to its popularity as a vacation location of choice.

Surfside Beach Home Appreciation Rates

Surfside Beach's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Surfside Beach during the period has been just -1.31%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Surfside Beach's appreciation rate, at 5.45%, has been at or slightly above the national average. In the latest quarter, Surfside Beach's appreciation rate has been 1.32%, which annualizes to a rate of 5.39%.

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

Average Home Values

 

Median Home Value:
$264,900

Surfside Beach, SC HOME PRICES

Value Range
> $1,154,000 0.0
$866,001 - $1,154,000 1.9
$577,001 - $866,000 2.4
$462,001 - $577,000 10.5
$346,001 - $462,000 17.2
$231,001 - $346,000 35.2
$115,001 - $231,000 27.1
$58,001 - $115,000 2.2
$0 - $58,000 3.5

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
20.3914215399039 8.55018587360595

Number Of Homes And Apartments:
2,030

Surfside Beach 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
68.90% 3.09% 10 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,121 / per month

Homeownership Rate

Homeownership
Owners 57.34
Renters 42.66
Vacant 52.09

Housing Market Details

 

Age of Homes

AGE OF Surfside Beach HOMES
2000 or Newer 14.3
1970 - 1999 71.8
1940 - 1969 13.6
1939 or Older 0.3

Types of Homes

TYPE OF Surfside Beach HOMES
Single-Family 53.8
Townhomes 5.9
Small Apt. Buildings 20.1
Apt. Complexes 19.5
Mobile Homes 0.7
Other 0.0

Home Size

SIZE OF Surfside Beach HOMES
No Bedroom 5.36
1 Bedroom 4.27
2 Bedrooms 29.53
3 Bedrooms 33.30
4 Bedrooms 20.13
5 or more bedrooms 7.41

Popular Neighborhoods in Surfside Beach

Zip Codes in Surfside Beach, SC