Clover, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Clover Neighborhoods Since 2000




Clover, 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

Clover Housing Market Information

With a population of 5,744, 2,011 total housing units (homes and apartments), and a median house value of $145,726, Clover real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Clover, accounting for 78.11% of the town's housing units. Other types of housing that are prevalent in Clover include mobile homes or trailers ( 9.99%), duplexes, homes converted to apartments or other small apartment buildings ( 8.30%), and a few large apartment complexes or high rise apartments ( 3.17%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Clover. Owner-occupied housing accounts for 66.35% of Clover's homes, and 64.42% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Clover 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 Clover built between 2000 and later ( 29.37%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.85%). There's also some housing in Clover built before 1939 ( 10.17%).

Vacant housing appears to be an issue in Clover. Fully 12.64% of the housing stock is classified as vacant. Left unchecked, vacant Clover homes and apartments can be a drag on the real estate market, holding Clover 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.

Clover Home Appreciation Rates

Appreciation rates for homes in Clover have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.62%, which ranks in the top 50% nationwide. This equates to an annual average Clover house appreciation rate of 0.36%.

Over the last year, Clover appreciation rates have trailed the rest of the nation. In the last twelve months, Clover's appreciation rate has been 2.40%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Clover were at 1.88%, which equates to an annual appreciation rate of 7.72%.

Importantly, this makes Clover one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Clover differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Clover - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Clover real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$145,726

Clover, SC HOME PRICES

Value Range
> $1,115,000 1.0
$836,001 - $1,115,000 0.4
$558,001 - $836,000 0.3
$446,001 - $558,000 1.8
$334,001 - $446,000 2.2
$223,001 - $334,000 9.9
$112,001 - $223,000 48.2
$56,001 - $112,000 24.3
$0 - $56,000 12.0

High for SC
Average for Nation

Value Relative to Nation Value Relative to State
51.8164772061409 26.3940520446097

Number Of Homes And Apartments:
2,011

Clover 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
35.60% 1.78% 6 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,052 / per month

Homeownership Rate

Homeownership
Owners 66.35
Renters 33.65
Vacant 12.64

Housing Market Details

 

Age of Homes

AGE OF Clover HOMES
2000 or Newer 29.4
1970 - 1999 40.6
1940 - 1969 19.9
1939 or Older 10.2

Types of Homes

TYPE OF Clover HOMES
Single-Family 78.1
Townhomes 0.4
Small Apt. Buildings 8.3
Apt. Complexes 3.2
Mobile Homes 10.0
Other 0.0

Home Size

SIZE OF Clover HOMES
No Bedroom 0.00
1 Bedroom 3.56
2 Bedrooms 25.15
3 Bedrooms 54.87
4 Bedrooms 9.56
5 or more bedrooms 6.86