Bennettsville, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bennettsville, 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

Bennettsville Housing Market Information

With a population of 8,605, 3,036 total housing units (homes and apartments), and a median house value of $70,135, 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

In the last 10 years, Bennettsville has experienced some of the highest home appreciation rates of any community in the nation. Bennettsville real estate appreciated 15.58% over the last ten years, which is an average annual home appreciation rate of 1.46%, putting Bennettsville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Bennettsville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Bennettsville's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, Bennettsville's appreciation rate has been 1.10%, which annualizes to a rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$70,135

Bennettsville, SC HOME PRICES

Value Range
> $1,058,000 0.1
$794,001 - $1,058,000 0.0
$529,001 - $794,000 1.1
$424,001 - $529,000 0.1
$317,001 - $424,000 0.1
$211,001 - $317,000 4.5
$106,001 - $211,000 20.8
$53,001 - $106,000 39.6
$0 - $53,000 33.7

Very Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
95.1863354037267 90.7063197026022

Number Of Homes And Apartments:
3,036

Bennettsville 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
38.43% 1.90% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$734 / 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

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Zip Codes in Bennettsville, SC