Ninety Six appreciation rates and housing market information

Ninety Six housing market information

With 1,943 people, 941 houses or apartments, and a median cost of homes of $109,756, house prices in Ninety Six are solidly below the national average.

single-family detached homes are the single most common housing type in Ninety Six, accounting for 89.16% of the town's housing units. Other types of housing that are prevalent in Ninety Six include duplexes, homes converted to apartments, or other small apartment buildings (6.27%), large apartment complexes or high rise apartments (2.34%), mobile homes or trailers (1.28%), and a few row houses and other attached homes (0.96%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Ninety Six. Owner-occupied housing accounts for 65.04% of Ninety Six's homes, and 49.84% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Ninety Six's housing was primarily built during this period, from the '40s through the '60s. A full 49.84% of the town's housing hails from this era. Other housing ages represented in Ninety Six include homes built between 1970-1994 (24.65%), and housing constructed from 1939 and earlier (22.43%). There's also some housing in Ninety Six built between 1995 and later (3.08%).

Vacant housing appears to be an issue in Ninety Six. Fully 12.86% of the housing stock is classified as vacant. Left unchecked, vacant Ninety Six homes and apartments can be a drag on the real estate market, holding Ninety Six real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Ninety Six home appreciation rates

Real estate appreciation rates in Ninety Six have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 7.59% during the period.

NeighborhoodScout's data show that during the latest twelve months, Ninety Six home appreciation rates, at 0.49%, have been at or slightly above the national average. In the latest quarter, Ninety Six's appreciation rate has been 0.58%, which annualizes to a rate of 2.32%.

Relative to South Carolina, our data show that Ninety Six's latest annual appreciation rate is higher than 45% of the other cities and towns in South Carolina.