Located only a stone-throw away from Charlotte, North Carolina, even if it is, technically, in South Carolina, Fort Mill is its fastest-growing suburb. With over 76,000 residents, realtors in Fort Mill SC are prepared to handle this increasingly competitive housing market. We’ll cover more about that and the cost of living up next.
Housing Market in Fort Mill, South Carolina
With a median home value that exceeded $363,000, in Fort Mill, South Carolina the cost of living will increase. As the median home value in this city is well above the state average which stops at $220,000, the local real estate agents in Fort Mill SC ensure that their clients get the best deals possible. Despite this, around 76% of the Fort Mill residents own their home, while 24% rent for an average cost of $1,200.
One of the best things about buying a property in Fort Mill, South Carolina is that most of the houses are new, or relatively new. Around 55% of all homes in the city were built since 2000 according to realtors in Fort Mill SC. Between 1970 and 1999 around 29% of the homes still standing were built. Around 13% of the homes in Fort Mill were built between 1940 and 1969, leaving around 3% of the homes having been built before 1939.
Considering the fact that this community is a suburb and is referred to as the bedroom community of Charlotte, NC, it comes as no surprise that 76% of all homes are single-family homes.
Job Market in Fort Mill, South Carolina
With a median household income of $81,000, residents of Fort Mill, South Carolina live a relatively affordable lifestyle. When you take a look at the cost of living, realtors in Fort Mill SC know that those numbers should be taken with a grain of salt. Where the national average is 100, Fort Mill’s cost of living is at 106 and that might make people reconsider a relocation here. Real estate agents in Fort Mill SC can inform you that the cost of living is higher in their city than the national average solely because of housing costs.
Because if you take one look at the job market’s strength, you’ll have a much bigger picture and you’ll be able to make an informed decision about where you want to relocate. Wages have been growing over the last few years and there is no sign that that trend will change anytime soon. Realtors in Fort Mill SC know that the highest paying jobs in their city are in Architecture and Engineering Occupations where employees receive a median salary of $112,000, followed by Computer, Engineering, and Science Occupations with median earnings of $96,000. The highest-paying industry is the Utilities Industry with median earnings of $93,000.
But the best part about living and working in Fort Mill, South Carolina is to compare their salaries to the Charlotte Metro Area and the state of South Carolina earnings. Fort Mill has over 31% of their workforce earning salaries that are above $100,000, while in the Charlotte Metro Area only 26% of their residents reach those numbers, and in South Carolina, that percentage stops before 20%.
Moving to Fort Mill, South Carolina
Real estate agents in Fort Mill SC know that this is one of the best selling points for their city. Close enough to the big city that you get to enjoy all the high-end amenities available there, but far enough that you can hear birds chirping in trees. However, this might also be the reason why Fort Mill’s housing market is a seller’s market at the moment. There are just too many people wanting to move there for the limited amount of available housing. But that’s not something to worry too much about because, with the best local realtors in Fort Mill SC on your side, nothing is impossible. Start making plans about all the great outdoor fun you will have once you relocate and contact realtors in Fort Mill SC to get started with the search. While it won’t be impossible, it’s better you start seeking your dream home as soon as possible.
Most frequently asked questions regarding Fort Mill, SC
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