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 16,287 people, 4,705 houses or apartments, and a median cost of homes of $444,008, Port Royal real estate is some of the most expensive in South Carolina, although Port Royal home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Port Royal, accounting for 40.10% of the town's housing units. Other types of housing that are prevalent in Port Royal include large apartment complexes or high rise apartments ( 34.66%), row houses and other attached homes ( 13.22%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.57%).
Port Royal is dominated by renter-occupied one, two, or no bedrooms apartments. 70.83% of Port Royal's dwellings are rentals.
Port Royal homes and real estate are some of the newest in America. 64.26% of Port Royal's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Port Royal real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 23.12%), and between 1940-1969 ( 6.54%). There's also some housing in Port Royal built before 1939 ( 6.07%).
In the last 10 years, Port Royal has experienced some of the highest home appreciation rates of any community in the nation. Port Royal real estate appreciated 133.63% over the last ten years, which is an average annual home appreciation rate of 8.86%, putting Port Royal in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Port Royal definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Port Royal appreciation rates have trailed the rest of the nation. In the last twelve months, Port Royal's appreciation rate has been 0.54%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Port Royal were at -3.02%, which equates to an annual appreciation rate of -11.55%.
Notably, Port Royal's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Port Royal's latest annual appreciation rate is lower than 90% of the other cities and towns in South Carolina.
$444,008
for South carolina
for nation
4,705
$3,051 / per month