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 3,084 people, 761 houses or apartments, and a median cost of homes of $138,817, house prices in Denmark are solidly below the national average.
Single-family detached homes are the single most common housing type in Denmark, accounting for 73.60% of the city's housing units. Other types of housing that are prevalent in Denmark include duplexes, homes converted to apartments or other small apartment buildings ( 16.42%), mobile homes or trailers ( 7.18%), and a few large apartment complexes or high rise apartments ( 2.81%).
The most prevalent building size and type in Denmark are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 37.36% owning and 62.64% 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. Denmark's housing was primarily built during this period, from the '40s through the '60s. A full 50.83% of the city's housing hails from this era. Other housing ages represented in Denmark include homes built between 1970-1999 ( 35.40%) and housing constructed between 2000 and later ( 8.00%). There's also some housing in Denmark built before 1939 ( 5.78%).
Vacant housing appears to be an issue in Denmark. Fully 37.21% of the housing stock is classified as vacant. Left unchecked, vacant Denmark homes and apartments can be a drag on the real estate market, holding Denmark 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 Denmark have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 98.72%, which ranks in the top 40% nationwide. This equates to an annual average Denmark house appreciation rate of 7.11%.
Appreciation rates are so strong in Denmark that despite a nationwide downturn in the housing market, Denmark real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Denmark appreciation rates continue to be some of the highest in America, at 10.99%, which is higher than appreciation rates in 91.03% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Denmark. Denmark appreciation rates in the latest quarter were at 0.52%, which equates to an annual appreciation rate of 2.08%.
Notably, Denmark's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Denmark's latest annual appreciation rate is higher than 60% of the other cities and towns in South Carolina.
$138,817
for South carolina
for nation
761
$1,614 / per month