Bonneau, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Bonneau, 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

Bonneau Housing Market Information

With 505 people, 197 houses or apartments, and a median cost of homes of $144,506, 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 52.99% of the town's housing units. Other types of housing that are prevalent in Bonneau include mobile homes or trailers ( 44.62%).

The most prevalent building size and type in Bonneau are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.42% owning and 38.58% renting.

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 ( 17.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.75%). There's also some housing in Bonneau built before 1939 ( 12.75%).

Vacant housing appears to be an issue in Bonneau. Fully 21.51% 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 1.94%, which ranks in the top 50% nationwide. This equates to an annual average Bonneau house appreciation rate of 0.19%.

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 9.27%, which is higher than appreciation rates in 91.60% 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 2.72%, which equates to an annual appreciation rate of 11.31%.

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:
$144,506

Bonneau, SC HOME PRICES

Value Range
> $1,165,000 1.2
$874,001 - $1,165,000 0.9
$583,001 - $874,000 1.1
$466,001 - $583,000 1.9
$350,001 - $466,000 3.2
$233,001 - $350,000 15.0
$117,001 - $233,000 33.4
$58,001 - $117,000 25.6
$0 - $58,000 17.8

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
52.4727528419079 27.1375464684015

Number Of Homes And Apartments:
197

Bonneau 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
48.14% 2.30% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,005 / per month

Homeownership Rate

Homeownership
Owners 61.42
Renters 38.58
Vacant 21.51

Housing Market Details

 

Age of Homes

AGE OF Bonneau HOMES
2000 or Newer 17.5
1970 - 1999 57.0
1940 - 1969 12.7
1939 or Older 12.7

Types of Homes

TYPE OF Bonneau HOMES
Single-Family 53.0
Townhomes 0.0
Small Apt. Buildings 0.0
Apt. Complexes 0.4
Mobile Homes 44.6
Other 2.0

Home Size

SIZE OF Bonneau HOMES
No Bedroom 0.00
1 Bedroom 2.39
2 Bedrooms 23.11
3 Bedrooms 68.53
4 Bedrooms 4.78
5 or more bedrooms 1.20

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Zip Codes in Bonneau, SC