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 769 people, 311 houses or apartments, and a median cost of homes of $164,493, house prices in Gray Court are solidly below the national average.
Single-family detached homes are the single most common housing type in Gray Court, accounting for 59.62% of the town's housing units. Other types of housing that are prevalent in Gray Court include mobile homes or trailers ( 40.38%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Gray Court. Owner-occupied housing accounts for 71.06% of Gray Court's homes, and 71.70% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Gray Court built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gray Court built between 1940-1969 ( 24.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.31%). There's also some housing in Gray Court built before 1939 ( 14.29%).
Vacant housing appears to be an issue in Gray Court. Fully 14.56% of the housing stock is classified as vacant. Left unchecked, vacant Gray Court homes and apartments can be a drag on the real estate market, holding Gray Court real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Appreciation rates for homes in Gray Court have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 81.80%, which ranks in the top 50% nationwide. This equates to an annual average Gray Court house appreciation rate of 6.16%.
Appreciation rates are so strong in Gray Court that despite a nationwide downturn in the housing market, Gray Court real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gray Court appreciation rates continue to be some of the highest in America, at 7.12%, which is higher than appreciation rates in 75.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gray Court. Gray Court appreciation rates in the latest quarter were at 1.43%, which equates to an annual appreciation rate of 5.83%.
Relative to South Carolina, our data show that Gray Court's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.
$164,493
for South carolina
for nation
311
$1,696 / per month