Bishopville, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bishopville Neighborhoods Since 2000




Bishopville, 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

Bishopville Housing Market Information

With 3,274 people, 1,260 houses or apartments, and a median cost of homes of $85,629, house prices in Bishopville are solidly below the national average.

Single-family detached homes are the single most common housing type in Bishopville, accounting for 71.57% of the city's housing units. Other types of housing that are prevalent in Bishopville include large apartment complexes or high rise apartments ( 14.21%), duplexes, homes converted to apartments or other small apartment buildings ( 10.30%), and a few mobile homes or trailers ( 3.64%).

The most prevalent building size and type in Bishopville are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 41.57% owning and 58.43% renting.

There is a lot of housing in Bishopville 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 Bishopville built between 1940-1969 ( 38.16%). A lesser amount of the housing stock also hails from before 1939 ( 16.84%). There's also some housing in Bishopville built between 2000 and later ( 4.64%).

Vacant housing appears to be an issue in Bishopville. Fully 29.49% of the housing stock is classified as vacant. Left unchecked, vacant Bishopville homes and apartments can be a drag on the real estate market, holding Bishopville 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.

Bishopville Home Appreciation Rates

Appreciation rates for homes in Bishopville have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 10.16%, which ranks in the top 30% nationwide. This equates to an annual average Bishopville house appreciation rate of 0.97%.

Over the last year, Bishopville appreciation rates have trailed the rest of the nation. In the last twelve months, Bishopville's appreciation rate has been 1.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Bishopville were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to South Carolina, our data show that Bishopville's latest annual appreciation rate is lower 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 Bishopville differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Bishopville - 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 Bishopville real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$85,629

Bishopville, SC HOME PRICES

Value Range
> $1,099,000 0.0
$825,001 - $1,099,000 0.0
$550,001 - $825,000 0.4
$440,001 - $550,000 0.0
$330,001 - $440,000 1.8
$220,001 - $330,000 2.8
$110,001 - $220,000 24.5
$55,001 - $110,000 38.2
$0 - $55,000 32.3

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
87.006328372202 70.6319702602231

Number Of Homes And Apartments:
1,260

Bishopville 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
50.27% 2.39% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$624 / per month

Homeownership Rate

Homeownership
Owners 41.57
Renters 58.43
Vacant 29.49

Housing Market Details

 

Age of Homes

AGE OF Bishopville HOMES
2000 or Newer 4.6
1970 - 1999 40.3
1940 - 1969 38.2
1939 or Older 16.8

Types of Homes

TYPE OF Bishopville HOMES
Single-Family 71.6
Townhomes 0.3
Small Apt. Buildings 10.3
Apt. Complexes 14.2
Mobile Homes 3.6
Other 0.0

Home Size

SIZE OF Bishopville HOMES
No Bedroom 4.42
1 Bedroom 8.51
2 Bedrooms 31.39
3 Bedrooms 43.76
4 Bedrooms 11.14
5 or more bedrooms 0.78