Chesnee, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Chesnee, SC Real Estate Data


Chesnee Housing Market Information

With a population of 899, 391 total housing units (homes and apartments), and a median house value of $81,176, house prices in Chesnee are solidly below the national average.

Single-family detached homes are the single most common housing type in Chesnee, accounting for 64.66% of the city's housing units. Other types of housing that are prevalent in Chesnee include large apartment complexes or high rise apartments ( 20.00%), mobile homes or trailers ( 11.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.14%).

People in Chesnee primarily live in small (one, two or no bedroom) single-family detached homes. Chesnee has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Chesnee 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 Chesnee built between 1940-1969 ( 33.79%). A lesser amount of the housing stock also hails from before 1939 ( 20.58%).

Vacant housing appears to be an issue in Chesnee. Fully 24.08% of the housing stock is classified as vacant. Left unchecked, vacant Chesnee homes and apartments can be a drag on the real estate market, holding Chesnee 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.

Chesnee Home Appreciation Rates

Real estate appreciation rates in Chesnee's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.36% during the period.

Over the last year, Chesnee appreciation rates have trailed the rest of the nation. In the last twelve months, Chesnee's appreciation rate has been 0.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Chesnee were at 1.91%, which equates to an annual appreciation rate of 7.84%.

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

Average Home Values

 

Median Home Value:
$81,176

Chesnee, SC HOME PRICES

Value Range
> $1,065,000 0.1
$799,001 - $1,065,000 0.1
$532,001 - $799,000 0.0
$427,001 - $532,000 0.0
$320,001 - $427,000 0.4
$213,001 - $320,000 2.3
$107,001 - $213,000 21.0
$53,001 - $107,000 47.7
$0 - $53,000 28.5

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
90.6189611758506 76.2081784386617

Number Of Homes And Apartments:
391

Rent & Ownership

 

Average Market Rent:
$634 / per month

Homeownership Rate

Homeownership
Owners 37.86
Renters 62.14
Vacant 24.08

Housing Market Details

 

Age of Homes

AGE OF Chesnee HOMES
2000 or Newer 0.0
1970 - 1999 45.6
1940 - 1969 33.8
1939 or Older 20.6

Types of Homes

TYPE OF Chesnee HOMES
Single-Family 64.7
Townhomes 1.4
Small Apt. Buildings 2.1
Apt. Complexes 20.0
Mobile Homes 11.8
Other 0.0

Home Size

SIZE OF Chesnee HOMES
No Bedroom 0.58
1 Bedroom 18.83
2 Bedrooms 41.17
3 Bedrooms 34.95
4 Bedrooms 4.47
5 or more bedrooms 0.00

Chesnee 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
11.27% 0.63% 1 1
* 10 is highest