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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 1,421 people, 509 houses or apartments, and a median cost of homes of $119,287, house prices in Beech Island 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 Beech Island, accounting for 74.80% of the town's housing units. Other types of housing that are prevalent in Beech Island include mobile homes or trailers ( 15.83%), duplexes, homes converted to apartments or other small apartment buildings ( 3.23%), and a few large apartment complexes or high rise apartments ( 1.78%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Beech Island. Owner-occupied housing accounts for 77.01% of Beech Island's homes, and 74.48% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Beech Island 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 Beech Island built between 1940-1969 ( 34.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.33%). There's also some housing in Beech Island built before 1939 ( 5.33%).
Vacant housing appears to be an issue in Beech Island. Fully 17.77% of the housing stock is classified as vacant. Left unchecked, vacant Beech Island homes and apartments can be a drag on the real estate market, holding Beech Island 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.
Appreciation rates for homes in Beech Island have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.31%, which ranks in the top 50% nationwide. This equates to an annual average Beech Island house appreciation rate of 6.65%.
NeighborhoodScout's data show that during the latest twelve months, Beech Island's appreciation rate, at 3.61%, has been at or slightly above the national average. In the latest quarter, Beech Island's appreciation rate has been 3.45%, which annualizes to a rate of 14.51%.
Importantly, this makes Beech Island one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to South Carolina, our data show that Beech Island's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.
$119,287
for South carolina
for nation
509
$1,601 / per month