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, 543 houses or apartments, and a median cost of homes of $127,133, 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 74.76% of the town's housing units. Other types of housing that are prevalent in Beech Island include duplexes, homes converted to apartments or other small apartment buildings ( 9.74%), mobile homes or trailers ( 4.15%), and a few large apartment complexes or high rise apartments ( 2.88%).
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 77.16% of Beech Island's homes, and 82.91% 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 ( 27.16%). A lesser amount of the housing stock also hails from before 1939 ( 2.56%). There's also some housing in Beech Island built between 2000 and later ( 1.60%).
Vacant housing appears to be an issue in Beech Island. Fully 13.26% 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.
Beech Island's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Beech Island during the period has been just 5.73%, which is lower than 70% of US communities.
Over the last year, Beech Island appreciation rates have trailed the rest of the nation. In the last twelve months, Beech Island's appreciation rate has been -1.36%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Beech Island were at -3.41%, which equates to an annual appreciation rate of -12.97%.
Notably, Beech Island's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Beech Island's latest annual appreciation rate is lower than 90% of the other cities and towns in South Carolina.
$127,133
for South carolina
for nation
543
$1,481 / per month