Burnettown, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Burnettown Neighborhoods Since 2000




Burnettown, 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

Burnettown Housing Market Information

With a population of 2,777, 1,034 total housing units (homes and apartments), and a median house value of $114,854, house prices in Burnettown are solidly below the national average.

Single-family detached homes are the single most common housing type in Burnettown, accounting for 74.26% of the town's housing units. Other types of housing that are prevalent in Burnettown include mobile homes or trailers ( 23.80%), row houses and other attached homes ( 1.94%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Burnettown. Owner-occupied housing accounts for 75.05% of Burnettown's homes, and 65.99% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Burnettown 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 Burnettown built between 1940-1969 ( 37.81%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.87%). There's also some housing in Burnettown built before 1939 ( 9.11%).

Vacant housing appears to be an issue in Burnettown. Fully 12.74% of the housing stock is classified as vacant. Left unchecked, vacant Burnettown homes and apartments can be a drag on the real estate market, holding Burnettown 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.

Burnettown Home Appreciation Rates

Appreciation rates for homes in Burnettown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.92%, which ranks in the top 30% nationwide. This equates to an annual average Burnettown house appreciation rate of 0.95%.

Appreciation rates are so strong in Burnettown that despite a nationwide downturn in the housing market, Burnettown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Burnettown appreciation rates continue to be some of the highest in America, at 6.08%, which is higher than appreciation rates in 74.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Burnettown. Burnettown appreciation rates in the latest quarter were at 0.72%, which equates to an annual appreciation rate of 2.91%.

Relative to South Carolina, our data show that Burnettown's latest annual appreciation rate is higher than 70% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$114,854

Burnettown, SC HOME PRICES

Value Range
> $1,078,000 0.2
$808,001 - $1,078,000 0.2
$539,001 - $808,000 0.0
$431,001 - $539,000 0.0
$323,001 - $431,000 0.7
$216,001 - $323,000 13.6
$108,001 - $216,000 33.1
$54,001 - $108,000 30.4
$0 - $54,000 21.7

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
68.3581389898043 47.5836431226766

Number Of Homes And Apartments:
1,034

Burnettown 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
45.24% 2.19% 8 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$831 / per month

Homeownership Rate

Homeownership
Owners 75.05
Renters 24.95
Vacant 12.74

Housing Market Details

 

Age of Homes

AGE OF Burnettown HOMES
2000 or Newer 9.9
1970 - 1999 43.2
1940 - 1969 37.8
1939 or Older 9.1

Types of Homes

TYPE OF Burnettown HOMES
Single-Family 74.3
Townhomes 1.9
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 23.8
Other 0.0

Home Size

SIZE OF Burnettown HOMES
No Bedroom 0.00
1 Bedroom 2.78
2 Bedrooms 27.85
3 Bedrooms 53.33
4 Bedrooms 12.66
5 or more bedrooms 3.38

Popular Neighborhoods in Burnettown

Zip Codes in Burnettown, SC