Cheraw, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Cheraw Neighborhoods Since 2000




Cheraw, SC Real Estate Data


Cheraw Housing Market Information

With a population of 5,778, 2,493 total housing units (homes and apartments), and a median house value of $114,122, house prices in Cheraw are solidly below the national average.

Single-family detached homes are the single most common housing type in Cheraw, accounting for 70.08% of the town's housing units. Other types of housing that are prevalent in Cheraw include duplexes, homes converted to apartments or other small apartment buildings ( 14.89%), large apartment complexes or high rise apartments ( 12.35%), and a few mobile homes or trailers ( 1.52%).

The most prevalent building size and type in Cheraw are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 41.66% owning and 58.34% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Cheraw's housing was primarily built during this period, from the '40s through the '60s. A full 37.75% of the town's housing hails from this era. Other housing ages represented in Cheraw include homes built between 1970-1999 ( 36.46%) and housing constructed before 1939 ( 20.57%). There's also some housing in Cheraw built between 2000 and later ( 5.22%).

Vacant housing appears to be an issue in Cheraw. Fully 17.67% of the housing stock is classified as vacant. Left unchecked, vacant Cheraw homes and apartments can be a drag on the real estate market, holding Cheraw 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.

Cheraw Home Appreciation Rates

Appreciation rates for homes in Cheraw have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 15.71%, which ranks in the top 30% nationwide. This equates to an annual average Cheraw house appreciation rate of 1.47%.

NeighborhoodScout's data show that during the latest twelve months, Cheraw's appreciation rate, at 5.30%, has been at or slightly above the national average. In the latest quarter, Cheraw's appreciation rate has been -0.61%, which annualizes to a rate of -2.43%.

Notably, Cheraw's appreciation rate in the latest quarter is one of the lowest in America.

Relative to South Carolina, our data show that Cheraw's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$114,122

Cheraw, SC HOME PRICES

Value Range
> $1,092,000 2.4
$819,001 - $1,092,000 0.0
$546,001 - $819,000 1.4
$437,001 - $546,000 0.5
$328,001 - $437,000 1.9
$219,001 - $328,000 8.9
$109,001 - $219,000 29.3
$55,001 - $109,000 32.4
$0 - $55,000 23.0

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
69.766352403818 46.4684014869888

Number Of Homes And Apartments:
2,493

Rent & Ownership

 

Average Market Rent:
$719 / per month

Homeownership Rate

Homeownership
Owners 41.66
Renters 58.34
Vacant 17.67

Housing Market Details

 

Age of Homes

AGE OF Cheraw HOMES
2000 or Newer 5.2
1970 - 1999 36.5
1940 - 1969 37.7
1939 or Older 20.6

Types of Homes

TYPE OF Cheraw HOMES
Single-Family 70.1
Townhomes 1.2
Small Apt. Buildings 14.9
Apt. Complexes 12.4
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Cheraw HOMES
No Bedroom 2.87
1 Bedroom 7.69
2 Bedrooms 37.42
3 Bedrooms 39.04
4 Bedrooms 11.06
5 or more bedrooms 1.92

Cheraw 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
38.42% 1.93% 7 4
* 10 is highest

Popular Neighborhoods in Cheraw

Zip Codes in Cheraw, SC