SC home values keep climbing, new Census data shows. Here’s where it’s the most — and by how much
South Carolina home values have jumped across the board in recent years, but some counties have done much better than others, new U.S. Census data shows.
The 2019-2023 American Community Survey 5-year estimates released on Thursday show that home values in the U.S. jumped 21.7% compared to similar 5-year data taken for 2014-2018. Median value jumped to $303,400 from $249,400 over that time frame.
Meanwhile, the number of owner-occupied homes in the U.S. rose by 8.4% to 82.9 million from 76.4 million, the data shows.
SC home values
Like the rest of the nation, median home values increased across South Carolina between the 2014-2018 and 2019-2023 data periods. Charleston, at $450,800, had the highest median home value in the state. Allendale had the lowest $61,600 median home value.
Below are the five counties that had the largest percent increases in median home value over that period.
- Jasper: 74.5%
- York: 73.5%
- Colleton: 71.4%
- Abbeville: 64.4%
- Laurens: 68%
Why are home values rising?
There are a number of factors that can cause home values to rise, according to HomeLight. Among the most notable are location, housing supply and housing demand.
Much of the U.S. has struggled with insufficient housing supply for years. The U.S. faces a 5.5-million-unit housing shortage, a research report commissioned by the National Association of of Realtors states.
This problem of insufficient supply has been exacerbated in South Carolina by fast-growing demand. For years, South Carolina has been among the fastest growing states through the attraction of new residents.
In terms of numeric growth, South Carolina ranked fifth highest among the states in 2023 — gaining 90,600 year-over-year, Census data shows. South Carolina’s population growth only followed behind Georgia, North Carolina, Florida and Texas.
SC county-by-county breakdown
Below is a list of median home values for every South Carolina county during the 2014-2018 and 2019-2023 data periods, as well as the percent change between those two time frames.
| County | 2019-2023 home values | 2014-2018 home values | Percent change |
| Abbeville | $147,200 | $89,000 | 64.4% |
| Aiken | $199,500 | $142,200 | 40.3% |
| Allendale | $61,600 | $52,100 | 18.23% |
| Anderson | $212,500 | $137,200 | 54.9% |
| Bamberg | $96,000 | $71,400 | 34.5% |
| Barnwell | $97,200 | $79,900 | 21.7% |
| Beaufort | $407,600 | $288,900 | 41.1% |
| Berkeley | $280,300 | $174,000 | 61.1% |
| Calhoun | $148,800 | $104,000 | 43.1% |
| Charleston | $450,800 | $295,600 | 52.5% |
| Cherokee | $135,200 | $95,300 | 42% |
| Chester | $143,800 | $90,500 | 59% |
| Chesterfield | $101,400 | $82,400 | 23.1% |
| Clarendon | $147,300 | $93,800 | 57% |
| Colleton | $145,900 | $85,100 | 71.4% |
| Darlington | $141,400 | $87,800 | 61% |
| Dillon | $84,400 | $72,800 | 16% |
| Dorchester | $294,400 | $186,300 | 58% |
| Edgefield | $194,300 | $126,500 | 53.6% |
| Fairfield | $129,100 | $102,700 | 26% |
| Florence | $165,500 | $130,400 | 27% |
| Georgetown | $262,300 | $187,200 | 40.1% |
| Greenville | $273,900 | $172,100 | 59.2% |
| Greenwood | $166,400 | $117,300 | 42% |
| Hampton | $102,400 | $73,000 | 40.3% |
| Horry | $260,500 | $172,500 | 51% |
| Jasper | $269,400 | $154,400 | 74.5% |
| Kershaw | $191,900 | $124,700 | 54% |
| Lancaster | $298,100 | $182,400 | 63.4% |
| Laurens | $153,500 | $91,300 | 68% |
| Lee | $101,900 | $73,300 | 39% |
| Lexington | $217,700 | $151,900 | 43.3% |
| McCormick | $159,000 | $117,700 | 35.1% |
| Marion | $86,800 | $76,700 | 13.2% |
| Marlboro | $74,500 | $64,000 | 16.4% |
| Newberry | $158,200 | $100,000 | 58.2% |
| Oconee | $217,200 | $155,200 | 40% |
| Orangeburg | $109,700 | $93,200 | 18% |
| Pickens | $216,000 | $138,900 | 56% |
| Richland | $224,200 | $158,200 | 42% |
| Saluda | $123,200 | $107,700 | 14.4% |
| Spartanburg | $216,000 | $133,700 | 62% |
| Sumter | $159,500 | $113,900 | 40% |
| Union | $100,000 | $77,300 | 29.4% |
| Williamsburg | $95,100 | $66,700 | 43% |
| York | $322,700 | $186,000 | 73.5% |
This story was originally published December 14, 2024 at 6:00 AM.
