Belton, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Belton, SC Real Estate Data


Belton Housing Market Information

With 4,336 people, 1,889 houses or apartments, and a median cost of homes of $110,172, house prices in Belton are solidly below the national average.

Single-family detached homes are the single most common housing type in Belton, accounting for 76.42% of the city's housing units. Other types of housing that are prevalent in Belton include large apartment complexes or high rise apartments ( 9.80%), duplexes, homes converted to apartments or other small apartment buildings ( 8.10%), and a few mobile homes or trailers ( 5.36%).

People in Belton primarily live in small (one, two or no bedroom) single-family detached homes. Belton has a mixture of owner-occupied and renter-occupied housing.

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. Belton's housing was primarily built during this period, from the '40s through the '60s. A full 49.13% of the city's housing hails from this era. Other housing ages represented in Belton include homes built between 1970-1999 ( 26.42%) and housing constructed before 1939 ( 19.92%). There's also some housing in Belton built between 2000 and later ( 4.53%).

Vacant housing appears to be an issue in Belton. Fully 13.51% of the housing stock is classified as vacant. Left unchecked, vacant Belton homes and apartments can be a drag on the real estate market, holding Belton 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.

Belton Home Appreciation Rates

Appreciation rates for homes in Belton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.37%, which ranks in the top 40% nationwide. This equates to an annual average Belton house appreciation rate of 0.71%.

Appreciation rates are so strong in Belton that despite a nationwide downturn in the housing market, Belton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Belton appreciation rates continue to be some of the highest in America, at 6.32%, which is higher than appreciation rates in 78.15% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Belton. Belton appreciation rates in the latest quarter were at 3.00%, which equates to an annual appreciation rate of 12.57%.

Importantly, this makes Belton one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Belton differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Belton - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Belton real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$110,172

Belton, SC HOME PRICES

Value Range
> $1,100,000 0.0
$825,001 - $1,100,000 0.0
$550,001 - $825,000 0.0
$440,001 - $550,000 1.5
$330,001 - $440,000 1.9
$220,001 - $330,000 9.1
$110,001 - $220,000 29.7
$55,001 - $110,000 37.5
$0 - $55,000 20.3

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
72.3721965216373 49.0706319702602

Number Of Homes And Apartments:
1,889

Rent & Ownership

 

Average Market Rent:
$815 / per month

Homeownership Rate

Homeownership
Owners 65.00
Renters 35.00
Vacant 13.51

Housing Market Details

 

Age of Homes

AGE OF Belton HOMES
2000 or Newer 4.5
1970 - 1999 26.4
1940 - 1969 49.1
1939 or Older 19.9

Types of Homes

TYPE OF Belton HOMES
Single-Family 76.4
Townhomes 0.3
Small Apt. Buildings 8.1
Apt. Complexes 9.8
Mobile Homes 5.4
Other 0.0

Home Size

SIZE OF Belton HOMES
No Bedroom 1.19
1 Bedroom 7.42
2 Bedrooms 45.33
3 Bedrooms 33.42
4 Bedrooms 10.49
5 or more bedrooms 2.15

Belton Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
26.24% 1.38% 4 3
* 10 is highest