Chesnee, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Chesnee Neighborhoods Since 2000




Chesnee, 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

Chesnee Housing Market Information

With a population of 899, 334 total housing units (homes and apartments), and a median house value of $82,278, 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 70.65% of the city's housing units. Other types of housing that are prevalent in Chesnee include large apartment complexes or high rise apartments ( 12.39%), mobile homes or trailers ( 11.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.70%).

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.

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. Chesnee's housing was primarily built during this period, from the '40s through the '60s. A full 43.48% of the city's housing hails from this era. Other housing ages represented in Chesnee include homes built between 1970-1999 ( 34.78%) and housing constructed before 1939 ( 21.74%).

Vacant housing appears to be an issue in Chesnee. Fully 27.39% 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

Appreciation rates for homes in Chesnee have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 4.38%, which ranks in the top 50% nationwide. This equates to an annual average Chesnee house appreciation rate of 0.43%.

NeighborhoodScout's data show that during the latest twelve months, Chesnee's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, Chesnee's appreciation rate has been -2.78%, which annualizes to a rate of -10.65%.

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

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

Average Home Values

 

Median Home Value:
$82,278

Chesnee, SC HOME PRICES

Value Range
> $1,077,000 0.1
$808,001 - $1,077,000 0.0
$539,001 - $808,000 0.0
$431,001 - $539,000 0.0
$323,001 - $431,000 0.3
$215,001 - $323,000 2.9
$108,001 - $215,000 22.5
$54,001 - $108,000 46.2
$0 - $54,000 28.0

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
89.0132427047932 75.092936802974

Number Of Homes And Apartments:
334

Chesnee 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
14.13% 0.77% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$622 / per month

Homeownership Rate

Homeownership
Owners 47.57
Renters 52.43
Vacant 27.39

Housing Market Details

 

Age of Homes

AGE OF Chesnee HOMES
2000 or Newer 0.0
1970 - 1999 34.8
1940 - 1969 43.5
1939 or Older 21.7

Types of Homes

TYPE OF Chesnee HOMES
Single-Family 70.7
Townhomes 1.5
Small Apt. Buildings 3.7
Apt. Complexes 12.4
Mobile Homes 11.7
Other 0.0

Home Size

SIZE OF Chesnee HOMES
No Bedroom 0.65
1 Bedroom 11.74
2 Bedrooms 57.17
3 Bedrooms 26.09
4 Bedrooms 3.91
5 or more bedrooms 0.43