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 4,276 people, 1,574 houses or apartments, and a median cost of homes of $250,674, house prices in Duncan are solidly below the national average.
Single-family detached homes are the single most common housing type in Duncan, accounting for 61.88% of the town's housing units. Other types of housing that are prevalent in Duncan include large apartment complexes or high rise apartments ( 18.04%), mobile homes or trailers ( 17.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.71%).
The most prevalent building size and type in Duncan are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.17% owning and 46.83% renting.
Duncan homes and real estate are some of the newest in America. 45.64% of Duncan'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 Duncan real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 38.60%), and between 1940-1969 ( 10.46%). There's also some housing in Duncan built before 1939 ( 5.29%).
In the last 10 years, Duncan has experienced some of the highest home appreciation rates of any community in the nation. Duncan real estate appreciated 120.32% over the last ten years, which is an average annual home appreciation rate of 8.22%, putting Duncan in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Duncan 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 Duncan that despite a nationwide downturn in the housing market, Duncan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Duncan appreciation rates continue to be some of the highest in America, at 12.12%, which is higher than appreciation rates in 93.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Duncan. Duncan appreciation rates in the latest quarter were at -0.10%, which equates to an annual appreciation rate of -0.40%.
Notably, Duncan's appreciation rate in the latest quarter is one of the lowest in America.
Relative to South Carolina, our data show that Duncan's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.
$250,674
for South carolina
for nation
1,574
$1,817 / per month