Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 1,620, 822 total housing units (homes and apartments), and a median house value of $108,030, house prices in Gaston are some of the most affordable in South Carolina as well as the nation.
Mobile homes or trailers are the single most common housing type in Gaston, accounting for 56.21% of the town's housing units. Other types of housing that are prevalent in Gaston include single-family detached homes ( 43.79%).
Owner-occupied, three and four bedroom dwellings, primarily in mobile homes or trailers are the most prevalent type of housing you will see in Gaston. Owner-occupied housing accounts for 68.13% of Gaston's homes, and 69.30% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Gaston built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gaston built between 1940-1969 ( 17.61%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.56%). There's also some housing in Gaston built before 1939 ( 1.92%).
Real estate appreciation rates in Gaston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.26% during the period.
Over the last year, Gaston appreciation rates have trailed the rest of the nation. In the last twelve months, Gaston's appreciation rate has been 4.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gaston were at 2.63%, which equates to an annual appreciation rate of 10.92%.
Relative to South Carolina, our data show that Gaston's latest annual appreciation rate is lower than 80% of the other cities and towns in South Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Gaston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gaston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Gaston real estate investment or home purchase decisions.
$108,030
for South carolina
for nation
822
$1,486 / per month