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 | Pickens County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $239,388 | $224,357 | $242,182 |
| Price Trend (Annual %) | 10.6% | 9.2% | 8.2% |
| Median Gross Rent | $935 | $1,126 | $1,342 |
| Rent Trend (Annual %) | 3.8% | 4.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Pickens County is about 7% higher than in South Carolina. Rent is about 17% 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 Pickens County, up about 10.6% and 3.8% a year respectively. Home prices are changing faster.
Median rent in Pickens County rose about 32.8% between 2015 and 2023, from $704 to $935. Over the same span, rent in South Carolina rose about 42.6%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Pickens County.
Buying the median-priced home in Pickens County costs roughly 21.3 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 Pickens County. The price-to-rent ratio in South Carolina is about 16.6.
| Metric | Pickens County | South Carolina Avg | US Average |
|---|---|---|---|
| Median Home Price | $239,388 | $224,357 | $242,182 |
| Median Household Income | $59,439 | $66,957 | $78,145 |
| Price-to-Income Ratio | 4.0 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Pickens County rose about 102.6%, while median household income rose about 42.1% 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 | Pickens County | South Carolina Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.8% | 61.6% | 58.2% |
| Rental Rate | 26.3% | 24.6% | 31.3% |
| Vacancy Rate | 10.9% | 13.8% | 10.6% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Pickens County has a homeownership rate of 62.8%, higher than the South Carolina average of 61.6%. Its housing vacancy rate is 10.9%, compared with 13.8% in South Carolina.
Housing Stock
| Metric | Pickens County | South Carolina Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.42 people | 2.45 people | 2.54 people |
| Median Structure Built Year | 1986 | 1989 | 1978 |
| Median Number of Rooms | 5.6 | 5.7 | 5.5 |
The typical housing unit in Pickens County was built around 1986. On average, 2.4 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Pickens County, South Carolina.
What is the median home price in Pickens County, South Carolina?
The median home price in Pickens County, South Carolina is $239,388, higher than the South Carolina average of $224,357.
What is the average home price in Pickens 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 Pickens County, South Carolina?
The median gross rent in Pickens County, South Carolina is $935 per month, lower than the South Carolina average of $1,126.
What was the median gross rent in Pickens County in 2020?
In 2020, the median gross rent in Pickens County, South Carolina was $785 per month.
What is the price-to-rent ratio in Pickens County, South Carolina?
The price-to-rent ratio in Pickens County, South Carolina is about 21.3, meaning it would take roughly 21.3 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 Pickens County.
Are home prices or rent rising faster in Pickens County, South Carolina?
Both home prices and rent are rising in Pickens County, up about 10.6% and 3.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Pickens County, South Carolina?
62.8% of households in Pickens County, South Carolina own their home, higher than the South Carolina average of 61.6%.
What is the vacancy rate in Pickens County, South Carolina?
The housing vacancy rate in Pickens County, South Carolina is 10.9%, lower than the South Carolina average of 13.8%.