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 2,052 people, 815 houses or apartments, and a median cost of homes of $126,755, house prices in Kershaw are solidly below the national average.
Single-family detached homes are the single most common housing type in Kershaw, accounting for 84.52% of the town's housing units. Other types of housing that are prevalent in Kershaw include large apartment complexes or high rise apartments ( 6.99%), duplexes, homes converted to apartments or other small apartment buildings ( 6.88%), and a few mobile homes or trailers ( 1.29%).
The most prevalent building size and type in Kershaw are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.55% owning and 42.45% 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. Kershaw's housing was primarily built during this period, from the '40s through the '60s. A full 49.14% of the town's housing hails from this era. Other housing ages represented in Kershaw include homes built between 1970-1999 ( 30.32%) and housing constructed before 1939 ( 14.73%). There's also some housing in Kershaw built between 2000 and later ( 5.81%).
Vacant housing appears to be an issue in Kershaw. Fully 12.37% of the housing stock is classified as vacant. Left unchecked, vacant Kershaw homes and apartments can be a drag on the real estate market, holding Kershaw 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.
Appreciation rates for homes in Kershaw have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.34%, which ranks in the top 30% nationwide. This equates to an annual average Kershaw house appreciation rate of 1.08%.
Over the last year, Kershaw appreciation rates have trailed the rest of the nation. In the last twelve months, Kershaw's appreciation rate has been 2.01%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kershaw were at 1.88%, which equates to an annual appreciation rate of 7.72%.
Importantly, this makes Kershaw 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 Kershaw's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.
|$837,001 - $1,116,000||0.0|
|$558,001 - $837,000||2.6|
|$446,001 - $558,000||0.0|
|$335,001 - $446,000||0.0|
|$223,001 - $335,000||10.5|
|$112,001 - $223,000||40.1|
|$56,001 - $112,000||30.5|
|$0 - $56,000||14.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Kershaw HOMES|
|2000 or Newer||5.8|
|1970 - 1999||30.3|
|1940 - 1969||49.1|
|1939 or Older||14.7|
|TYPE OF Kershaw HOMES|
|Small Apt. Buildings||6.9|
|SIZE OF Kershaw HOMES|
|5 or more bedrooms||3.23|