Barnwell, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Barnwell, 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

Barnwell Housing Market Information

With 4,592 people, 1,742 houses or apartments, and a median cost of homes of $74,609, house prices in Barnwell are some of the most affordable in South Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Barnwell, accounting for 71.20% of the city's housing units. Other types of housing that are prevalent in Barnwell include large apartment complexes or high rise apartments ( 15.40%), mobile homes or trailers ( 9.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.85%).

The most prevalent building size and type in Barnwell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.48% owning and 46.52% renting.

There is a lot of housing in Barnwell built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Barnwell built between 1940-1969 ( 39.12%). A lesser amount of the housing stock also hails from before 1939 ( 4.03%). There's also some housing in Barnwell built between 2000 and later ( 1.53%).

Vacant housing appears to be an issue in Barnwell. Fully 23.76% of the housing stock is classified as vacant. Left unchecked, vacant Barnwell homes and apartments can be a drag on the real estate market, holding Barnwell 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.

Barnwell Home Appreciation Rates

Real estate appreciation rates in Barnwell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.45% during the period.

Over the last year, Barnwell appreciation rates have trailed the rest of the nation. In the last twelve months, Barnwell's appreciation rate has been 1.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Barnwell were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to South Carolina, our data show that Barnwell's latest annual appreciation rate is lower than 60% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$74,609

Barnwell, SC HOME PRICES

Value Range
> $1,001,000 0.0
$750,001 - $1,001,000 0.0
$500,001 - $750,000 1.0
$400,001 - $500,000 0.0
$300,001 - $400,000 2.3
$200,001 - $300,000 6.9
$100,001 - $200,000 28.3
$50,001 - $100,000 40.2
$0 - $50,000 21.3

Very Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
93.3317707722958 86.6171003717472

Number Of Homes And Apartments:
1,742

Barnwell 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
30.99% 1.58% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$857 / per month

Homeownership Rate

Homeownership
Owners 53.48
Renters 46.52
Vacant 23.76

Housing Market Details

 

Age of Homes

AGE OF Barnwell HOMES
2000 or Newer 1.5
1970 - 1999 55.3
1940 - 1969 39.1
1939 or Older 4.0

Types of Homes

TYPE OF Barnwell HOMES
Single-Family 71.2
Townhomes 0.4
Small Apt. Buildings 3.9
Apt. Complexes 15.4
Mobile Homes 9.2
Other 0.0

Home Size

SIZE OF Barnwell HOMES
No Bedroom 2.84
1 Bedroom 3.50
2 Bedrooms 28.71
3 Bedrooms 52.87
4 Bedrooms 10.33
5 or more bedrooms 1.75

Popular Neighborhoods in Barnwell

Zip Codes in Barnwell, SC