Abbeville, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Abbeville, SC Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Abbeville Housing Market Information

With a population of 5,191, 2,166 total housing units (homes and apartments), and a median house value of $88,680, house prices in Abbeville are solidly below the national average.

Single-family detached homes are the single most common housing type in Abbeville, accounting for 63.88% of the city's housing units. Other types of housing that are prevalent in Abbeville include mobile homes or trailers ( 14.50%), large apartment complexes or high rise apartments ( 11.82%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.98%).

The most prevalent building size and type in Abbeville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 60.67% owning and 39.33% renting.

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. Abbeville's housing was primarily built during this period, from the '40s through the '60s. A full 42.48% of the city's housing hails from this era. Other housing ages represented in Abbeville include homes built between 1970-1999 ( 34.63%) and housing constructed before 1939 ( 15.58%). There's also some housing in Abbeville built between 2000 and later ( 7.31%).

Vacant housing appears to be an issue in Abbeville. Fully 10.50% of the housing stock is classified as vacant. Left unchecked, vacant Abbeville homes and apartments can be a drag on the real estate market, holding Abbeville 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.

Abbeville Home Appreciation Rates

Appreciation rates for homes in Abbeville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.48%, which ranks in the top 50% nationwide. This equates to an annual average Abbeville house appreciation rate of 0.05%.

Over the last year, Abbeville appreciation rates have trailed the rest of the nation. In the last twelve months, Abbeville's appreciation rate has been 2.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Abbeville were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to South Carolina, our data show that Abbeville's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$88,680

Abbeville, SC HOME PRICES

Value Range
> $1,083,000 0.0
$812,001 - $1,083,000 0.0
$541,001 - $812,000 0.7
$433,001 - $541,000 2.4
$324,001 - $433,000 2.5
$216,001 - $324,000 8.2
$108,001 - $216,000 33.6
$54,001 - $108,000 28.0
$0 - $54,000 24.7

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
84.9525372084847 64.3122676579926

Number Of Homes And Apartments:
2,166

Abbeville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
40.13% 1.98% 7 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$739 / per month

Homeownership Rate

Homeownership
Owners 60.67
Renters 39.33
Vacant 10.50

Housing Market Details

 

Age of Homes

AGE OF Abbeville HOMES
2000 or Newer 7.3
1970 - 1999 34.6
1940 - 1969 42.5
1939 or Older 15.6

Types of Homes

TYPE OF Abbeville HOMES
Single-Family 63.9
Townhomes 1.8
Small Apt. Buildings 8.0
Apt. Complexes 11.8
Mobile Homes 14.5
Other 0.0

Home Size

SIZE OF Abbeville HOMES
No Bedroom 0.62
1 Bedroom 12.19
2 Bedrooms 26.78
3 Bedrooms 50.95
4 Bedrooms 8.43
5 or more bedrooms 1.03

Popular Neighborhoods in Abbeville

Zip Codes in Abbeville, SC