The average property tax rate was just over half a percent, and that’s half the national average property tax rate. On an average, they could sold homes for 98.57% of the asking price. Summary; Market Trends; Foreclosure Trends; Foreclosure Rates for South Carolina. Cap rate, cash on cash return, and rental income also boast impressive numbers. Profitability is a staple of these South Carolina investment properties as well, with an average rental income of $1,240 and an ROI of 11.6%. Â, Like the two aforementioned locations, New Zion provides excellent traditional South Carolina real estate investments. If youâre thinking about investing in South Carolina real estate, here are five markets to consider. That is why we offer detailed statistics of not only the Charleston real estate market, but the Mount Pleasant, SC real estate, Goose Creek, SC real estate, Summerville, SC real estate, West of the Ashley real estate and Isle of Palms real estate markets too, among many others. Properties for sale in the Greenville SC housing market sell for about 2% below list price and go pending in around 54 days. Terms of Use | Its median property price is among the lowest in the state at roughly $60,000. The smaller community of Sumter offers some of the stateâs least expensive real estate investment opportunities. Keep track of your favorite properties and get instant notifications if the price or status changes. From luxury waterfront homes to a dense downtown full of condos and apartments, Charleston and its surrounding communities offer a wide range of properties for real estate investors. Sort by: Chevron Down. Other types of housing that are prevalent in Greenville include large apartment complexes, duplexes, homes converted to apartments and a few row houses. Is Greenville SC a Good Place For Real Estate Investing? The Annual Report of the South Carolina Housing Market compiled by South Carolina Realtors found closed sales increased 4% in 2019 to 91,140, while new listings increased 4% to 120,210. According to HomeUnion, winter is the perfect time to acquire single family rental properties in markets like Jacksonville, Tampa and Greenville. The current median rent price is $1,200 with an average list price of $274,900 and a median sales price of $201,200. The presence of these two factors is a great indicator of the success of a real estate market. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate LLC or any of its affiliates. Advertisers With home prices rising 8.2% over the past year, the medium-sized community of Greenville presents some interesting real estate investment opportunities. That’s about 30,000 less than the national average. More importantly, the Greenville SC housing market is a bargain compared to surrounding cities. One point in favor of the long-term strength of the Greenville SC real estate market is the demographic momentum. In this article, our focus will be on the Greenville SC real estate market and investment opportunities in 2020. We always recommend to do your own research and take help of a real estate investment counselor. All information presented should be independently verified through the references given below. The average home in the Greenville SC real estate market is roughly 185,000 dollars. Related: Here Are the 10 Most Affordable Real Estate Markets for 2019      Â, Our next question deals with where to invest in real estate in SC. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in October. Although its median property price is not as low as Gadsdenâs, Hephzibah provides many investment properties for sale that are under $90,000. | Not too far from Florenceâs success comes Easley, the second-best Airbnb location in the South Carolina real estate market. The less expensive the Greenville rental properties are, the lower your ongoing expenses will be. The stateâs median property price is less than the national average. In the past month, 267 homes have been sold in Greenville, SC as reported by Redfin.com. Investing in real estate is touted as a great way to become wealthy. This can create opportunities for investors. There are many fine homes for sale in Charleston, SC and the surrounding areas. Investors Carolina One Real Estate is proud to offer on our website a variety of statistics on the Charleston, South Carolina real estate market, and our company's success in matching individuals and families to the right homes.
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