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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 7,277, 1,488 total housing units (homes and apartments), and a median house value of $124,990, house prices in Effingham are solidly below the national average.
Single-family detached homes are the single most common housing type in Effingham, accounting for 56.42% of the town's housing units. Other types of housing that are prevalent in Effingham include mobile homes or trailers ( 43.18%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Effingham. Owner-occupied housing accounts for 77.79% of Effingham's homes, and 74.42% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Effingham 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 Effingham built between 1940-1969 ( 17.99%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.59%). There's also some housing in Effingham built before 1939 ( 3.37%).
Vacant housing appears to be an issue in Effingham. Fully 11.24% of the housing stock is classified as vacant. Left unchecked, vacant Effingham homes and apartments can be a drag on the real estate market, holding Effingham 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.
Effingham's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Effingham during the period has been just 0.93%, which is lower than 80% of US communities.
Over the last year, Effingham appreciation rates have trailed the rest of the nation. In the last twelve months, Effingham's appreciation rate has been 3.38%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Effingham were at 1.69%, which equates to an annual appreciation rate of 6.92%.
Importantly, this makes Effingham 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 Effingham's latest annual appreciation rate is lower than 70% of the other cities and towns in South Carolina.
|$819,001 - $1,092,000||0.4|
|$546,001 - $819,000||1.3|
|$437,001 - $546,000||1.2|
|$327,001 - $437,000||2.7|
|$219,001 - $327,000||14.7|
|$109,001 - $219,000||35.5|
|$55,001 - $109,000||24.2|
|$0 - $55,000||19.5|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
2000 Q1 - 2020 Q2
|* 10 is highest|
|AGE OF Effingham HOMES|
|2000 or Newer||13.6|
|1970 - 1999||65.1|
|1940 - 1969||18.0|
|1939 or Older||3.4|
|TYPE OF Effingham HOMES|
|Small Apt. Buildings||0.0|
|SIZE OF Effingham HOMES|
|5 or more bedrooms||1.81|