Darlington, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Darlington, SC Real Estate Data


Darlington Housing Market Information

With 6,155 people, 2,636 houses or apartments, and a median cost of homes of $95,416, the cost of homes in Darlington is among some of the lowest in the nation. Compared to South Carolina, however, Darlington real state is not on the lower end of the price spectrum.

Single-family detached homes are the single most common housing type in Darlington, accounting for 73.17% of the city's housing units. Other types of housing that are prevalent in Darlington include large apartment complexes or high rise apartments ( 13.16%), duplexes, homes converted to apartments or other small apartment buildings ( 11.42%), and a few mobile homes or trailers ( 1.39%).

The most prevalent building size and type in Darlington are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 48.82% owning and 51.18% renting.

There is a lot of housing in Darlington 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 Darlington built between 1940-1969 ( 36.28%). A lesser amount of the housing stock also hails from before 1939 ( 19.38%). There's also some housing in Darlington built between 2000 and later ( 6.58%).

Vacant housing appears to be an issue in Darlington. Fully 15.00% of the housing stock is classified as vacant. Left unchecked, vacant Darlington homes and apartments can be a drag on the real estate market, holding Darlington 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.

Darlington Home Appreciation Rates

Appreciation rates for homes in Darlington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.25%, which ranks in the top 40% nationwide. This equates to an annual average Darlington house appreciation rate of 1.07%.

Over the last year, Darlington appreciation rates have trailed the rest of the nation. In the last twelve months, Darlington's appreciation rate has been 0.09%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Darlington were at 2.06%, which equates to an annual appreciation rate of 8.48%.

Relative to South Carolina, our data show that Darlington's latest annual appreciation rate is lower than 90% 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 city. Individual neighborhoods within Darlington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Darlington - 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 Darlington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$95,416

Darlington, SC HOME PRICES

Value Range
> $1,039,000 0.3
$779,001 - $1,039,000 0.1
$519,001 - $779,000 0.3
$416,001 - $519,000 0.6
$312,001 - $416,000 2.9
$208,001 - $312,000 8.3
$104,001 - $208,000 26.6
$52,001 - $104,000 31.1
$0 - $52,000 29.9

Average for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
81.8352169584822 59.8513011152416

Number Of Homes And Apartments:
2,636

Rent & Ownership

 

Average Market Rent:
$736 / per month

Homeownership Rate

Homeownership
Owners 48.82
Renters 51.18
Vacant 15.00

Housing Market Details

 

Age of Homes

AGE OF Darlington HOMES
2000 or Newer 6.6
1970 - 1999 37.8
1940 - 1969 36.3
1939 or Older 19.4

Types of Homes

TYPE OF Darlington HOMES
Single-Family 73.2
Townhomes 0.9
Small Apt. Buildings 11.4
Apt. Complexes 13.2
Mobile Homes 1.4
Other 0.0

Home Size

SIZE OF Darlington HOMES
No Bedroom 1.10
1 Bedroom 9.03
2 Bedrooms 35.50
3 Bedrooms 41.73
4 Bedrooms 11.22
5 or more bedrooms 1.42

Darlington 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
37.73% 1.90% 7 4
* 10 is highest