Blacksburg, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Blacksburg Neighborhoods Since 2000




Blacksburg, 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

Blacksburg Housing Market Information

With a population of 1,883, 680 total housing units (homes and apartments), and a median house value of $69,232, house prices in Blacksburg 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 Blacksburg, accounting for 55.76% of the town's housing units. Other types of housing that are prevalent in Blacksburg include mobile homes or trailers ( 25.91%), duplexes, homes converted to apartments or other small apartment buildings ( 12.69%), and a few large apartment complexes or high rise apartments ( 4.05%).

The most prevalent building size and type in Blacksburg are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.03% owning and 43.97% renting.

There is a lot of housing in Blacksburg 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 Blacksburg built between 1940-1969 ( 30.17%). A lesser amount of the housing stock also hails from before 1939 ( 17.27%). There's also some housing in Blacksburg built between 2000 and later ( 9.28%).

Vacant housing appears to be an issue in Blacksburg. Fully 27.51% of the housing stock is classified as vacant. Left unchecked, vacant Blacksburg homes and apartments can be a drag on the real estate market, holding Blacksburg 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.

Blacksburg Home Appreciation Rates

Appreciation rates for homes in Blacksburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 1.76%, which ranks in the top 50% nationwide. This equates to an annual average Blacksburg house appreciation rate of 0.18%.

Over the last year, Blacksburg appreciation rates have trailed the rest of the nation. In the last twelve months, Blacksburg's appreciation rate has been -5.89%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Blacksburg were at 1.10%, which equates to an annual appreciation rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$69,232

Blacksburg, SC HOME PRICES

Value Range
> $968,000 0.0
$726,001 - $968,000 0.0
$484,001 - $726,000 0.0
$387,001 - $484,000 0.0
$290,001 - $387,000 2.4
$194,001 - $290,000 5.0
$97,001 - $194,000 23.6
$48,001 - $97,000 27.8
$0 - $48,000 41.2

Very Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
95.5467010430095 92.1933085501859

Number Of Homes And Apartments:
680

Blacksburg 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
3.76% 0.21% 1 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$901 / per month

Homeownership Rate

Homeownership
Owners 56.03
Renters 43.97
Vacant 27.51

Housing Market Details

 

Age of Homes

AGE OF Blacksburg HOMES
2000 or Newer 9.3
1970 - 1999 43.3
1940 - 1969 30.2
1939 or Older 17.3

Types of Homes

TYPE OF Blacksburg HOMES
Single-Family 55.8
Townhomes 1.6
Small Apt. Buildings 12.7
Apt. Complexes 4.1
Mobile Homes 25.9
Other 0.0

Home Size

SIZE OF Blacksburg HOMES
No Bedroom 0.96
1 Bedroom 4.80
2 Bedrooms 29.42
3 Bedrooms 51.28
4 Bedrooms 7.14
5 or more bedrooms 6.40