Bonneau, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bonneau, SC Real Estate Data


Bonneau Housing Market Information

With 505 people, 173 houses or apartments, and a median cost of homes of $169,857, Bonneau real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Bonneau, accounting for 61.11% of the town's housing units. Other types of housing that are prevalent in Bonneau include mobile homes or trailers ( 38.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bonneau. Owner-occupied housing accounts for 67.63% of Bonneau's homes, and 79.17% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bonneau 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 Bonneau built between 2000 and later ( 18.98%). A lesser amount of the housing stock also hails from before 1939 ( 14.35%). There's also some housing in Bonneau built between 1940-1969 ( 13.89%).

Vacant housing appears to be an issue in Bonneau. Fully 19.91% of the housing stock is classified as vacant. Left unchecked, vacant Bonneau homes and apartments can be a drag on the real estate market, holding Bonneau 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.

Bonneau Home Appreciation Rates

Appreciation rates for homes in Bonneau have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.12%, which ranks in the top 30% nationwide. This equates to an annual average Bonneau house appreciation rate of 1.15%.

Appreciation rates are so strong in Bonneau that despite a nationwide downturn in the housing market, Bonneau real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Bonneau appreciation rates continue to be some of the highest in America, at 9.47%, which is higher than appreciation rates in 96.82% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Bonneau. Bonneau appreciation rates in the latest quarter were at 5.62%, which equates to an annual appreciation rate of 24.43%.

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

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

Average Home Values

 

Median Home Value:
$169,857

Bonneau, SC HOME PRICES

Value Range
> $1,217,000 1.4
$913,001 - $1,217,000 0.0
$609,001 - $913,000 1.2
$486,001 - $609,000 1.2
$365,001 - $486,000 5.8
$244,001 - $365,000 20.7
$122,001 - $244,000 30.1
$61,001 - $122,000 21.6
$0 - $61,000 18.0

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
42.8061134859753 20.4460966542751

Number Of Homes And Apartments:
173

Rent & Ownership

 

Average Market Rent:
$751 / per month

Homeownership Rate

Homeownership
Owners 67.63
Renters 32.37
Vacant 19.91

Housing Market Details

 

Age of Homes

AGE OF Bonneau HOMES
2000 or Newer 19.0
1970 - 1999 52.8
1940 - 1969 13.9
1939 or Older 14.4

Types of Homes

TYPE OF Bonneau HOMES
Single-Family 61.1
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 38.9
Other 0.0

Home Size

SIZE OF Bonneau HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 20.83
3 Bedrooms 74.54
4 Bedrooms 4.63
5 or more bedrooms 0.00

Bonneau 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
57.69% 2.72% 10 7
* 10 is highest

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