Isle of Palms, SC Real Estate
According to census data in the year 2000 there were 3,881 housing units in Isle of Palms.
This represents a 26.7% growth from 3,063 in 1990.
Of those housing units, 3,832 were located in either urbanized areas or urban clusters, and 49 were located in what is classified as a rural area.
Homeownership rate in Isle of Palms is about 80.1%.
Isle of Palms's vacancy rate, including seasonal lodging, is about 50%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Isle of Palms were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 3% |
| Two Bedrooms | 16.80% |
| Three Bedrooms | 51% |
| Four Bedrooms | 21.40% |
| Five Bedrooms or more | 7.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $423,100 |
| Median Price asked for vacant units | $545,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.15 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $2,001 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.20% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 17.30% |
| Simple Mortgage | 44.90% |
| Debt Free | 28.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
