Bennettsville, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bennettsville, SC Real Estate Data


Bennettsville Housing Market Information

With a population of 8,605, 3,036 total housing units (homes and apartments), and a median house value of $69,209, house prices in Bennettsville 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 Bennettsville, accounting for 75.24% of the city's housing units. Other types of housing that are prevalent in Bennettsville include duplexes, homes converted to apartments or other small apartment buildings ( 12.63%), large apartment complexes or high rise apartments ( 6.48%), and a few mobile homes or trailers ( 5.27%).

The most prevalent building size and type in Bennettsville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 39.77% owning and 60.23% renting.

There is a lot of housing in Bennettsville 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 Bennettsville built between 1940-1969 ( 35.70%). A lesser amount of the housing stock also hails from before 1939 ( 12.47%). There's also some housing in Bennettsville built between 2000 and later ( 9.81%).

Vacant housing appears to be an issue in Bennettsville. Fully 18.39% of the housing stock is classified as vacant. Left unchecked, vacant Bennettsville homes and apartments can be a drag on the real estate market, holding Bennettsville 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.

Bennettsville Home Appreciation Rates

Appreciation rates for homes in Bennettsville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.44%, which ranks in the top 30% nationwide. This equates to an annual average Bennettsville house appreciation rate of 1.45%.

Appreciation rates are so strong in Bennettsville that despite a nationwide downturn in the housing market, Bennettsville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bennettsville appreciation rates continue to be some of the highest in America, at 11.82%, which is higher than appreciation rates in 96.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bennettsville. Bennettsville appreciation rates in the latest quarter were at 0.52%, which equates to an annual appreciation rate of 2.11%.

Relative to South Carolina, our data show that Bennettsville's latest annual appreciation rate is higher than 90% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$69,209

Bennettsville, SC HOME PRICES

Value Range
> $1,044,000 0.0
$783,001 - $1,044,000 0.0
$522,001 - $783,000 1.1
$417,001 - $522,000 0.1
$313,001 - $417,000 0.1
$209,001 - $313,000 4.5
$104,001 - $209,000 20.8
$52,001 - $104,000 39.6
$0 - $52,000 33.7

Very Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
95.5144732216102 91.0780669144982

Number Of Homes And Apartments:
3,036

Rent & Ownership

 

Average Market Rent:
$726 / per month

Homeownership Rate

Homeownership
Owners 39.77
Renters 60.23
Vacant 18.39

Housing Market Details

 

Age of Homes

AGE OF Bennettsville HOMES
2000 or Newer 9.8
1970 - 1999 42.0
1940 - 1969 35.7
1939 or Older 12.5

Types of Homes

TYPE OF Bennettsville HOMES
Single-Family 75.2
Townhomes 0.4
Small Apt. Buildings 12.6
Apt. Complexes 6.5
Mobile Homes 5.3
Other 0.0

Home Size

SIZE OF Bennettsville HOMES
No Bedroom 0.54
1 Bedroom 11.94
2 Bedrooms 33.58
3 Bedrooms 41.13
4 Bedrooms 11.45
5 or more bedrooms 1.37

Bennettsville Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
36.62% 1.83% 7 4
* 10 is highest

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