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Anderson real estate market overview
- Average Monthly Rent: $1,124
- Home Price/Value Percentage Change: 8.00%
- Median Home Value: $229,041
- Best Time To Sell a Home: October
- Affordability Index: Moderate
- Days To Sell a House: 70
- Job Market: Weak
- Public School Ranking: 42
Location and weather
Anderson is located on the Piedmont Plateau in the north-western corner of South Carolina. It is the county seat of Anderson County and is in the foothills of the Blue Ridge Mountains. This friendly city is known for its hospitality and true southern charm, making it the perfect place for retirees, new families, and young adults. Not only are there tons of bars, restaurants, and craft breweries, but there are also endless opportunities for outdoor adventure.
The climate in Anderson is subtropical, with warm summers and cool winters. There is also occasional snowfall, around 2 inches annually.
Population, job market and cost of living
The population in Anderson is 28,532, with a growth rate of 0.5%.
The job growth in this city is -3.25% over the last year and in ten years, is predicted to have increased by 31.17%. This is lower than the US average by 2.3%. Some major industries in Anderson are manufacturing, health care and social assistance, and retail trade. Some of the biggest companies to work for are One World Technologies Inc, Homelite, Techtronic Industries TTI, AnMed Health and Hampshire Holdings Inc.
In terms of Andersons overall living cost, it's lower than the national average and lower than South Carolina's average. This makes it a more affordable place to live.
Anderson real estate market details
- Anderson Historic District
- Buena Vista Park
- Ashley Downs
- Northlake
- Lakeside
The average monthly rent in Anderson is $1,124 for an average apartment size of 928 sq. feet.
There has been an 8% increase in median home value over the last year. As of 2023, the median home value is $229,041.
On average, homes in Anderson sell after 70 days on the market.
The best time to sell a home for the highest valued sale is during October. For the quickest sale, homeowners should sell in May.
The affordability index in Anderson is 85. This number indicates moderate affordability in this city.
The top ranked public schools are Pendleton High School T. L. Hanna High School, Palmetto High School, Bleton Preparatory Academy and Southwood Academy for the Arts. This information is based on data measuring academic performance and equity.