Iva, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Iva, 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

Iva Housing Market Information

With 1,278 people, 457 houses or apartments, and a median cost of homes of $68,460, house prices in Iva are some of the most affordable in South Carolina as well as the nation.

Single-family detached homes are the single most common housing type in Iva, accounting for 73.87% of the town's housing units. Other types of housing that are prevalent in Iva include mobile homes or trailers ( 14.77%), duplexes, homes converted to apartments or other small apartment buildings ( 5.77%), and a few large apartment complexes or high rise apartments ( 3.24%).

The most prevalent building size and type in Iva are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.77% owning and 41.23% renting.

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. Iva's housing was primarily built during this period, from the '40s through the '60s. A full 48.65% of the town's housing hails from this era. Other housing ages represented in Iva include homes built before 1939 ( 26.31%) and housing constructed between 1970-1999 ( 22.70%). There's also some housing in Iva built between 2000 and later ( 2.34%).

Vacant housing appears to be an issue in Iva. Fully 17.66% of the housing stock is classified as vacant. Left unchecked, vacant Iva homes and apartments can be a drag on the real estate market, holding Iva 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.

Iva Home Appreciation Rates

Real estate appreciation rates in Iva's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.00% during the period.

Over the last year, Iva appreciation rates have trailed the rest of the nation. In the last twelve months, Iva's appreciation rate has been -5.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Iva were at 1.93%, which equates to an annual appreciation rate of 7.93%.

Importantly, this makes Iva 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 Iva's latest annual appreciation rate is lower than 90% of the other cities and towns in South Carolina.

Average Home Values

 

Median Home Value:
$68,460

Iva, SC HOME PRICES

Value Range
> $1,051,000 0.0
$788,001 - $1,051,000 0.6
$526,001 - $788,000 0.0
$420,001 - $526,000 0.1
$315,001 - $420,000 1.7
$210,001 - $315,000 6.9
$105,001 - $210,000 15.3
$53,001 - $105,000 44.6
$0 - $53,000 30.8

Very Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
95.8572600492207 93.6802973977695

Number Of Homes And Apartments:
457

Iva 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
22.83% 1.20% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$721 / per month

Homeownership Rate

Homeownership
Owners 58.77
Renters 41.23
Vacant 17.66

Housing Market Details

 

Age of Homes

AGE OF Iva HOMES
2000 or Newer 2.3
1970 - 1999 22.7
1940 - 1969 48.6
1939 or Older 26.3

Types of Homes

TYPE OF Iva HOMES
Single-Family 73.9
Townhomes 2.3
Small Apt. Buildings 5.8
Apt. Complexes 3.2
Mobile Homes 14.8
Other 0.0

Home Size

SIZE OF Iva HOMES
No Bedroom 0.00
1 Bedroom 5.77
2 Bedrooms 42.34
3 Bedrooms 47.39
4 Bedrooms 4.50
5 or more bedrooms 0.00

Popular Neighborhoods in Iva

Zip Codes in Iva, SC