Moncks Corner, 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

Moncks Corner, SC Housing Market Trends

With a population of 11,986, 3,774 total housing units (homes and apartments), and a median house value of $284,313, Moncks Corner real estate is some of the most expensive in South Carolina, although Moncks Corner home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Moncks Corner, accounting for 67.48% of the town's housing units. Other types of housing that are prevalent in Moncks Corner include large apartment complexes or high rise apartments ( 16.57%), duplexes, homes converted to apartments or other small apartment buildings ( 8.86%), and a few mobile homes or trailers ( 5.69%).

The most prevalent building size and type in Moncks Corner are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.26% owning and 37.74% renting.

Moncks Corner homes and real estate are some of the newest in America. 54.07% of Moncks Corner'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 Moncks Corner real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.30%), and between 1940-1969 ( 12.98%).

Moncks Corner Home Appreciation Rates

Appreciation rates for homes in Moncks Corner have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 58.83%, which ranks in the top 30% nationwide. This equates to an annual average Moncks Corner house appreciation rate of 4.74%.

Over the last year, Moncks Corner appreciation rates have trailed the rest of the nation. In the last twelve months, Moncks Corner's appreciation rate has been 8.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Moncks Corner were at 3.16%, which equates to an annual appreciation rate of 13.23%.

Relative to South Carolina, our data show that Moncks Corner's latest annual appreciation rate is lower than 70% 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 Moncks Corner differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Moncks Corner - 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 Moncks Corner real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$284,313

Moncks Corner, SC HOME PRICES

> $1,319,000
0.0%
0.0%
$989,001 - $1,319,000
0.7%
0.7%
$659,001 - $989,000
1.3%
1.3%
$527,001 - $659,000
0.4%
0.4%
$396,001 - $527,000
17.4%
17.4%
$264,001 - $396,000
22.2%
22.2%
$132,001 - $264,000
38.7%
38.7%
$66,001 - $132,000
10.1%
10.1%
$0 - $66,000
9.2%
9.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for SC

Value Relative To Nation

Number Of Homes And Apartments:
3,774

Moncks Corner 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
89.92% 3.03%
9
6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,197 / per month

Homeownership Rate

Owners
62.3%
62.3%
Renters
37.7%
37.7%
Vacant
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
54.1%
54.1%
1970 - 1999
32.3%
32.3%
1940 - 1969
13.0%
13.0%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.5%
67.5%
Townhomes
1.4%
1.4%
Small Apt. Buildings
8.9%
8.9%
Apt. Complexes
16.6%
16.6%
Mobile Homes
5.7%
5.7%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.1%
0.1%
1 Bedroom
6.6%
6.6%
2 Bedrooms
19.9%
19.9%
3 Bedrooms
51.6%
51.6%
4 Bedrooms
16.8%
16.8%
5 or more bedrooms
5.0%
5.0%
0.0% 100.0%
% OF HOMES