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 a population of 38,069, 17,126 total housing units (homes and apartments), and a median house value of $950,349, Hilton Head Island house prices are not only among the most expensive in South Carolina, Hilton Head Island real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Hilton Head Island, accounting for 48.34% of the town's housing units. Other types of housing that are prevalent in Hilton Head Island include large apartment complexes or high rise apartments ( 35.11%), row houses and other attached homes ( 6.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.57%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Hilton Head Island. Owner-occupied housing accounts for 80.25% of Hilton Head Island's homes, and 54.13% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Hilton Head 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 Hilton Head Island built between 2000 and later ( 18.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.74%).
A decent proportion of the Hilton Head Island housing stock is seasonally occupied. That is, homes and condos in Hilton Head Island 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 Hilton Head Island housing market speaks to its popularity as a vacation location of choice.
In the last 10 years, Hilton Head Island has experienced some of the highest home appreciation rates of any community in the nation. Hilton Head Island real estate appreciated 126.28% over the last ten years, which is an average annual home appreciation rate of 8.51%, putting Hilton Head Island in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Hilton Head Island definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Hilton Head Island's appreciation rate, at 7.12%, has been at or slightly above the national average. In the latest quarter, Hilton Head Island's appreciation rate has been 0.52%, which annualizes to a rate of 2.09%.
Notably, Hilton Head Island's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Hilton Head Island's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Hilton Head Island differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Hilton Head Island - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Hilton Head Island real estate investment or home purchase decisions.
$950,349
for South carolina
for nation
17,126
$3,045 / per month