Living in Forest Acres, SC
Forest Acres, SC, is a delightful suburban community that provides a peaceful atmosphere along with close proximity to Columbia. Residents benefit from quality schools, ample recreational opportunities, and a variety of dining and shopping experiences. The area is characterized by its friendly neighborhood vibe and well-maintained homes, making it an ideal place for families.
Current Market Conditions in Forest Acres, SC
The real estate market in Forest Acres is currently strong, with steady demand for homes due to the area's attractive lifestyle and amenities. Inventory levels are somewhat limited, leading to increased competition among buyers, which can drive up home prices. The market has seen a noticeable increase in property values over the past year, indicating a healthy appreciation in real estate investments.
Buyers are particularly interested in single-family homes that offer spacious yards and access to good schools, making Forest Acres a sought-after location for families. The market's dynamics suggest that even amid challenges, such as rising interest rates, there is a continued interest in purchasing homes in this vibrant community.
Home Value Estimator For Forest Acres, SC
There are currently 202 real estate properties
in Forest Acres, SC,
with a median automated valuation model (AVM) price
of $181,750.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Forest Acres, SC, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Forest Acres, SC,
is $202,046.00, with the most expensive house
in Forest Acres, SC, topping out
at $496,400.00 and the cheapest home
in Forest Acres, SC,
clocking in at $45,000.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Forest Acres, SC!
Rent Prices
In Forest Acres, SC
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Forest Acres, SC, is on
a rollercoaster ride. The
average rent price in Forest Acres, SC,
is $1,024.00. Indeed, when looking to rent in
Forest Acres, SC, you can expect to pay as little
as $710.00 or as much
as $1,890.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Forest Acres, SC
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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