Last Updated on January 7, 2021 by Eric
Seneca, South Carolina, located along the foothills of the Blue Ridge Mountains, is the largest city in Oconee County. Seneca is a place loaded with history as well as modern amenities. It is truly a unique mix of nature and living that you would be hard-pressed to find anywhere else.
Housing Market Overview
With a current population of around 8,563, Seneca has over 3750 housing units in existence today. Alongside, Seneca has many available lots for home building, including those on the shores of local lakes. Single-family homes make up the bulk of housing types in the area, followed by condos, apartments, and duplexes. The city also has a pretty even mix of owners and renters with 56% owners and 44% renting. The median rent is around $1000 dollars per month. The median home values lie between $122,000 and $144,000. 31% of home values are above this and 35% below.
Housing Types
Of single-family homes, the bulk are 3 and 4 bedroom units. Condos, apartments, and duplexes make up the bulk of the rest. However, there is a wide array of housing types available, including million-dollar properties.
Housing Age
Seneca is a place with a long well lived history. In this, there are homes (though only making up less than 4% of all units) that date back to pre-1934. A bulk of the existing homes in the area were built between 1940 and 1999, 20% of the homes in Seneca were built after 2000.
Home Appreciation Rates in Seneca
Since 2000, home appreciation in Seneca has grown by 59%. There is an annual appreciation rate of about 5% here in recent years. This has put Seneca ahead of over 50% of the rest of the cities in South Carolina in terms of appreciation.
Seneca Commercial Properties
Seneca has many available commercial properties and lots available to suit most needs. The industries that employ most of the residents of Seneca include manufacturing, healthcare, education, retail, finance, construction, professional, scientific, technical, administration, public service, arts, and utilities.
Real Estate Shopping in Seneca
Bob Hill Realty is based in Seneca, South Carolina where we have been based for over 20 years. We have a team of professionals that can help you with any needs or questions you may have regarding real estate in the area. Please see the resource links below to get started:
