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Anderson real estate market overview
- Average Monthly Rent: $1,114
- Home Price/Value Percentage Change: 9%
- Median Home Value: $224,746
- Best Time To Sell a Home: October
- Affordability Index: 85
- Days To Sell a House: 75
- Job Market: Weak
- Public School Ranking: 46
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% annually.
The job market has decreased by -3.25% over the last year. In ten years, job growth is predicted to be 31.17%. Anderson has over 230 manufacturing companies, over 1000 retail businesses and over 500 hospitality services. This city's economy is also powered by tourism, education, and destination attractions. Major employers include AnMed Health, One World Technologies Inc, Hampshire Holdings Inc, Homelite and Techtronic Industries.
The cost of living in Anderson is slightly lower than South Carolina's average, with more affordable housing and transportation costs. Anderson's overall cost of living is also lower than the US average.
Anderson real estate market details
- Gulliver Preparatory School
- Piedmont
- Centerville
- Northlake
- Pendleton
- Powdersville
The average monthly rent in Anderson is $1,114 for an average apartment size of 928 sq. feet.
There has been a 9.0% increase in median home value over the last year. As of 2022, the median home value is $224,746.
On average, homes in Anderson sell after 75 days on the market.
The best time to sell a home in Anderson for the highest value is October. The best time to sell a home quickly is in November.
The affordability index in Anderson is 85. This number indicates moderate affordability in this city.
The top ranked public schools are Concord Elementary School, Mclees Elementary School, Southwood Academy for the Arts, Mccants Middle School, Pendleton High School and T. L. Hanna High School. This information is based on data measuring academic performance and equity.