Cheraw, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Cheraw Neighborhoods Since 2000




Cheraw, 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

Cheraw Housing Market Information

With a population of 5,778, 2,376 total housing units (homes and apartments), and a median house value of $124,876, 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 71.90% of the town's housing units. Other types of housing that are prevalent in Cheraw include large apartment complexes or high rise apartments ( 14.74%), duplexes, homes converted to apartments or other small apartment buildings ( 12.09%), and a few row houses and other attached homes ( 1.27%).

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 42.51% owning and 57.49% 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 45.13% of the town's housing hails from this era. Other housing ages represented in Cheraw include homes built between 1970-1999 ( 33.30%) and housing constructed before 1939 ( 17.43%). There's also some housing in Cheraw built between 2000 and later ( 4.14%).

Vacant housing appears to be an issue in Cheraw. Fully 13.73% 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

In the last 10 years, Cheraw has experienced some of the highest home appreciation rates of any community in the nation. Cheraw real estate appreciated 18.11% over the last ten years, which is an average annual home appreciation rate of 1.68%, putting Cheraw in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Cheraw definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Cheraw that despite a nationwide downturn in the housing market, Cheraw real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cheraw appreciation rates continue to be some of the highest in America, at 5.89%, which is higher than appreciation rates in 73.10% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cheraw. Cheraw appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

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

Average Home Values

 

Median Home Value:
$124,876

Cheraw, SC HOME PRICES

Value Range
> $1,190,000 2.7
$893,001 - $1,190,000 0.0
$595,001 - $893,000 1.0
$476,001 - $595,000 0.5
$357,001 - $476,000 1.3
$238,001 - $357,000 6.1
$119,001 - $238,000 29.9
$59,001 - $119,000 33.3
$0 - $59,000 25.2

High for SC
Low for Nation

Value Relative to Nation Value Relative to State
62.6274463846244 40.1486988847584

Number Of Homes And Apartments:
2,376

Cheraw 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
47.60% 2.28% 9 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$838 / per month

Homeownership Rate

Homeownership
Owners 42.51
Renters 57.49
Vacant 13.73

Housing Market Details

 

Age of Homes

AGE OF Cheraw HOMES
2000 or Newer 4.1
1970 - 1999 33.3
1940 - 1969 45.1
1939 or Older 17.4

Types of Homes

TYPE OF Cheraw HOMES
Single-Family 71.9
Townhomes 1.3
Small Apt. Buildings 12.1
Apt. Complexes 14.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Cheraw HOMES
No Bedroom 4.10
1 Bedroom 8.64
2 Bedrooms 30.46
3 Bedrooms 44.12
4 Bedrooms 10.93
5 or more bedrooms 1.74

Popular Neighborhoods in Cheraw

Zip Codes in Cheraw, SC