Monday, November 13, 2006

Housing Report for Beaufort County, South Carolina

Beaufort County has a extremely high percentage of high-priced residential real estate. In 2005, the American Community Survey counted that 25.3 percent owner-occupied dwelling are valued over a half a million dollars.

The State of South Carolina, Beaufort County places 1 of 46 by percent in growth of new residential structures. The county places 107 of 3,141, in terms of residential real estate percentage change change in the United States.

According to the data, there is a fair amount of affordable housing in Beaufort County, South Carolina. In 2005, 21.6 percent of residential real estate was valued under $125,000.

In Beaufort County, the census reported 73,812 homes in 2005. The county has experienced a growth in housing units, adding a total of 9,857 residential units since 2001, or 15.4 percent.

The residential real estate values in Beaufort County, South Carolina have moderate increases from the real estate values reported in 2000. The valuations have increased by $31,500, or 14.7 percent, since 2000 when they were valued at $213,900.

Beaufort County recorded median owner-occupied home value in the year 2005 of $245,400, published by the American Community Survey. This is greater than the overall State of South Carolina 2005 home value of $113,100 and greater than median home value of $167,500 for the United States in the same year.

Data Source: U.S. Census Bureau

 

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