Little River, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Little River Neighborhoods Since 2000




Little River, 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

Little River Housing Market Information

With a population of 9,954, 4,691 total housing units (homes and apartments), and a median house value of $185,293, Little River real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Little River, accounting for 47.89% of the town's housing units. Other types of housing that are prevalent in Little River include large apartment complexes or high rise apartments ( 37.27%), row houses and other attached homes ( 5.82%), and a few mobile homes or trailers ( 5.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Little River. Owner-occupied housing accounts for 69.20% of Little River's homes, and 54.57% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Little River 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 Little River built between 2000 and later ( 22.06%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.34%).

Vacant housing appears to be an issue in Little River. Fully 34.50% of the housing stock is classified as vacant. Left unchecked, vacant Little River homes and apartments can be a drag on the real estate market, holding Little River 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.

Little River Home Appreciation Rates

Little River's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Little River during the period has been just -1.93%, which is lower than 80% of US communities.

Over the last year, Little River appreciation rates have trailed the rest of the nation. In the last twelve months, Little River's appreciation rate has been 2.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Little River were at 1.32%, which equates to an annual appreciation rate of 5.39%.

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

Average Home Values

 

Median Home Value:
$185,293

Little River, SC HOME PRICES

Value Range
> $1,133,000 0.0
$849,001 - $1,133,000 0.8
$566,001 - $849,000 0.9
$453,001 - $566,000 0.8
$340,001 - $453,000 7.9
$227,001 - $340,000 26.4
$113,001 - $227,000 40.3
$57,001 - $113,000 10.5
$0 - $57,000 12.3

Very High for SC
High for Nation

Value Relative to Nation Value Relative to State
36.311965311145 15.6133828996283

Number Of Homes And Apartments:
4,691

Little River 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
31.17% 1.59% 5 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,097 / per month

Homeownership Rate

Homeownership
Owners 69.20
Renters 30.80
Vacant 34.50

Housing Market Details

 

Age of Homes

AGE OF Little River HOMES
2000 or Newer 22.1
1970 - 1999 74.5
1940 - 1969 3.3
1939 or Older 0.1

Types of Homes

TYPE OF Little River HOMES
Single-Family 47.9
Townhomes 5.8
Small Apt. Buildings 3.3
Apt. Complexes 37.3
Mobile Homes 5.7
Other 0.0

Home Size

SIZE OF Little River HOMES
No Bedroom 1.30
1 Bedroom 4.61
2 Bedrooms 38.72
3 Bedrooms 45.48
4 Bedrooms 9.09
5 or more bedrooms 0.81