Aiken, South Carolina Housing Market Prices
Aiken Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 76% above the South Carolina median$422,166
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Median rent 7% below the South Carolina median$1,091
Housing Market Overview
| Metric | Aiken | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $422,166 | $239,609 | $248,835 |
| Price Trend (Annual %) | 10.9% | 8.9% | 7.5% |
| Median Gross Rent | $1,091 | $1,179 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Aiken is about 76% higher than in South Carolina. Rent is about 7% lower than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Aiken, up about 10.9% and 3.4% a year respectively. Home prices are changing faster.
Median rent in Aiken rose about 34.2% between 2015 and 2024, from $813 to $1,091. Over the same span, rent in South Carolina rose about 49.3%.
Affordability
On average, housing unit costs 5.8 yearly household incomes in Aiken.
Buying the median-priced home in Aiken costs roughly 32.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Aiken. The price-to-rent ratio in South Carolina is about 16.9.
| Metric | Aiken | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $422,166 | $239,609 | $248,835 |
| Median Household Income | $72,510 | $69,383 | $80,455 |
| Price-to-Income Ratio | 5.8 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Aiken rose about 118.0%, while median household income rose about 28.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Aiken | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.8% | 62.3% | 58.5% |
| Rental Rate | 24.1% | 24.4% | 31.2% |
| Vacancy Rate | 14.1% | 13.3% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Aiken has a homeownership rate of 61.8%, about the same as the South Carolina average of 62.3%. Its housing vacancy rate is 14.1%, compared with 13.3% in South Carolina.
Housing Stock
| Metric | Aiken | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.33 people | 2.44 people | 2.53 people |
| Median Structure Built Year | 1985 | 1990 | 1978 |
| Median Number of Rooms | 6.1 | 5.7 | 5.5 |
The typical housing unit in Aiken was built around 1985. On average, 2.3 people live in a home with about 6.1 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Aiken, South Carolina.
What is the median home price in Aiken, South Carolina?
The median home price in Aiken, South Carolina is $422,166, higher than the South Carolina average of $239,609.
What is the average home price in Aiken, South Carolina?
The typical home price in Aiken, South Carolina, reported as the median sale price, is $422,166. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Aiken, South Carolina?
The median gross rent in Aiken, South Carolina is $1,091 per month, lower than the South Carolina average of $1,179.
What was the median gross rent in Aiken in 2020?
In 2020, the median gross rent in Aiken, South Carolina was $889 per month.
What is the price-to-rent ratio in Aiken, South Carolina?
The price-to-rent ratio in Aiken, South Carolina is about 32.3, meaning it would take roughly 32.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Aiken.
Are home prices or rent rising faster in Aiken, South Carolina?
Both home prices and rent are rising in Aiken, up about 10.9% and 3.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Aiken, South Carolina?
61.8% of households in Aiken, South Carolina own their home, lower than the South Carolina average of 62.3%.
What is the vacancy rate in Aiken, South Carolina?
The housing vacancy rate in Aiken, South Carolina is 14.1%, higher than the South Carolina average of 13.3%.
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