Fort Mill, SC Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fort Mill, SC Housing Market Trends

With a population of 22,284, 6,130 total housing units (homes and apartments), and a median house value of $382,674, Fort Mill real estate is some of the most expensive in South Carolina, although Fort Mill home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Fort Mill, accounting for 76.23% of the town's housing units. Other types of housing that are prevalent in Fort Mill include row houses and other attached homes ( 8.61%), large apartment complexes or high rise apartments ( 7.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.23%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fort Mill. Owner-occupied housing accounts for 76.31% of Fort Mill's homes, and 62.74% have either three or four bedrooms, which is average sized relative to America.

Fort Mill homes and real estate are some of the newest in America. 55.53% of Fort Mill'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 Fort Mill real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 28.77%), and between 1940-1969 ( 12.77%). There's also some housing in Fort Mill built before 1939 ( 2.94%).

Fort Mill Home Appreciation Rates

In the last 10 years, Fort Mill has experienced some of the highest home appreciation rates of any community in the nation. Fort Mill real estate appreciated 81.75% over the last ten years, which is an average annual home appreciation rate of 6.16%, putting Fort Mill in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fort Mill definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Fort Mill's appreciation rate, at 9.36%, has been at or slightly above the national average. In the latest quarter, Fort Mill's appreciation rate has been 2.96%, which annualizes to a rate of 12.37%.

Relative to South Carolina, our data show that Fort Mill's latest annual appreciation rate is higher than 50% of the other cities and towns in South Carolina.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fort Mill differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fort Mill - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fort Mill real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$382,674

Fort Mill, SC HOME PRICES

> $1,342,000
0.5%
0.5%
$1,007,001 - $1,342,000
0.7%
0.7%
$671,001 - $1,007,000
8.3%
8.3%
$537,001 - $671,000
11.4%
11.4%
$402,001 - $537,000
18.7%
18.7%
$268,001 - $402,000
29.9%
29.9%
$134,001 - $268,000
24.1%
24.1%
$67,001 - $134,000
4.7%
4.7%
$0 - $67,000
1.6%
1.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for SC

Value Relative To Nation

Number Of Homes And Apartments:
6,130

Fort Mill Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
114.83% 3.62%
10
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,339 / per month

Homeownership Rate

Owners
76.3%
76.3%
Renters
23.7%
23.7%
Vacant
4.8%
4.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
55.5%
55.5%
1970 - 1999
28.8%
28.8%
1940 - 1969
12.8%
12.8%
1939 or Older
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.2%
76.2%
Townhomes
8.6%
8.6%
Small Apt. Buildings
6.2%
6.2%
Apt. Complexes
7.8%
7.8%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
2.5%
2.5%
2 Bedrooms
21.5%
21.5%
3 Bedrooms
34.3%
34.3%
4 Bedrooms
28.4%
28.4%
5 or more bedrooms
12.6%
12.6%
0.0% 100.0%
% OF HOMES