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 1,637 people, 232 houses or apartments, and a median cost of homes of $381,997, Ridgeville real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Ridgeville, accounting for 66.79% of the town's housing units. Other types of housing that are prevalent in Ridgeville include mobile homes or trailers ( 32.08%), row houses and other attached homes ( 1.13%).
Renters dominate Ridgeville's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.
There is a lot of housing in Ridgeville 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 Ridgeville built between 2000 and later ( 20.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.23%). There's also some housing in Ridgeville built before 1939 ( 4.15%).
Vacant housing appears to be an issue in Ridgeville. Fully 12.45% of the housing stock is classified as vacant. Left unchecked, vacant Ridgeville homes and apartments can be a drag on the real estate market, holding Ridgeville 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.
In the last 10 years, Ridgeville has experienced some of the highest home appreciation rates of any community in the nation. Ridgeville real estate appreciated 135.32% over the last ten years, which is an average annual home appreciation rate of 8.93%, putting Ridgeville in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Ridgeville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Ridgeville that despite a nationwide downturn in the housing market, Ridgeville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ridgeville appreciation rates continue to be some of the highest in America, at 13.01%, which is higher than appreciation rates in 95.44% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ridgeville. Ridgeville appreciation rates in the latest quarter were at 2.07%, which equates to an annual appreciation rate of 8.55%.
Relative to South Carolina, our data show that Ridgeville's latest annual appreciation rate is higher than 80% of the other cities and towns in South Carolina.
$381,997
for South carolina
for nation
232
$1,904 / per month