Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Aiken County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,863 | $224,357 | $242,182 |
| Price Trend (Annual %) | 13.6% | 9.2% | 8.2% |
| Median Gross Rent | $1,030 | $1,126 | $1,342 |
| Rent Trend (Annual %) | 5.0% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Aiken County is about 41% higher than in South Carolina. Rent is about 8% lower than the South Carolina average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Aiken County, up about 13.6% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Aiken County rose about 48.2% between 2015 and 2023, from $695 to $1,030. Over the same span, rent in South Carolina rose about 42.6%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Aiken County.
Buying the median-priced home in Aiken County costs roughly 25.6 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 County. The price-to-rent ratio in South Carolina is about 16.6.
| Metric | Aiken County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $316,863 | $224,357 | $242,182 |
| Median Household Income | $68,221 | $66,957 | $78,145 |
| Price-to-Income Ratio | 4.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Aiken County rose about 108.9%, while median household income rose about 53.5% between 2009 and 2023 — 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 County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.8% | 61.6% | 58.2% |
| Rental Rate | 20.3% | 24.6% | 31.3% |
| Vacancy Rate | 12.8% | 13.8% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Aiken County has a homeownership rate of 66.8%, higher than the South Carolina average of 61.6%. Its housing vacancy rate is 12.8%, compared with 13.8% in South Carolina.
Housing Stock
| Metric | Aiken County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.47 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 6.0 | 5.7 | 5.5 |
The typical housing unit in Aiken County was built around 1986. On average, 2.5 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Aiken County, South Carolina.
What is the median home price in Aiken County, South Carolina?
The median home price in Aiken County, South Carolina is $316,863, higher than the South Carolina average of $224,357.
What is the average home price in Aiken County, South Carolina?
The typical home price in %s, reported as the median sale price, is %s. 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 County, South Carolina?
The median gross rent in Aiken County, South Carolina is $1,030 per month, lower than the South Carolina average of $1,126.
What was the median gross rent in Aiken County in 2020?
In 2020, the median gross rent in Aiken County, South Carolina was $839 per month.
What is the price-to-rent ratio in Aiken County, South Carolina?
The price-to-rent ratio in Aiken County, South Carolina is about 25.6, meaning it would take roughly 25.6 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 County.
Are home prices or rent rising faster in Aiken County, South Carolina?
Both home prices and rent are rising in Aiken County, up about 13.6% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Aiken County, South Carolina?
66.8% of households in Aiken County, South Carolina own their home, higher than the South Carolina average of 61.6%.
What is the vacancy rate in Aiken County, South Carolina?
The housing vacancy rate in Aiken County, South Carolina is 12.8%, lower than the South Carolina average of 13.8%.