Mullins, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Mullins, 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 Q2 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

Mullins Housing Market Information

With 4,519 people, 1,726 houses or apartments, and a median cost of homes of $90,136, house prices in Mullins are solidly below the national average.

Single-family detached homes are the single most common housing type in Mullins, accounting for 82.30% of the city's housing units. Other types of housing that are prevalent in Mullins include duplexes, homes converted to apartments or other small apartment buildings ( 12.53%), large apartment complexes or high rise apartments ( 2.09%), and a few mobile homes or trailers ( 1.95%).

The most prevalent building size and type in Mullins are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.58% owning and 36.42% 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. Mullins's housing was primarily built during this period, from the '40s through the '60s. A full 50.43% of the city's housing hails from this era. Other housing ages represented in Mullins include homes built between 1970-1999 ( 36.86%) and housing constructed before 1939 ( 9.85%). There's also some housing in Mullins built between 2000 and later ( 2.86%).

Vacant housing appears to be an issue in Mullins. Fully 21.65% of the housing stock is classified as vacant. Left unchecked, vacant Mullins homes and apartments can be a drag on the real estate market, holding Mullins 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.

Mullins Home Appreciation Rates

Real estate appreciation rates in Mullins's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.42% during the period.

Over the last year, Mullins appreciation rates have trailed the rest of the nation. In the last twelve months, Mullins's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mullins were at -0.54%, which equates to an annual appreciation rate of -2.16%.

Notably, Mullins's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$90,136

Mullins, SC HOME PRICES

Value Range
> $1,141,000 0.4
$856,001 - $1,141,000 0.0
$571,001 - $856,000 0.7
$456,001 - $571,000 0.9
$342,001 - $456,000 2.7
$228,001 - $342,000 7.8
$114,001 - $228,000 20.5
$57,001 - $114,000 38.0
$0 - $57,000 29.0

Low for SC
Very Low for Nation

Value Relative to Nation Value Relative to State
84.8205398442532 61.8959107806691

Number Of Homes And Apartments:
1,726

Mullins Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
33.94% 1.68% 6 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$709 / per month

Homeownership Rate

Homeownership
Owners 63.58
Renters 36.42
Vacant 21.65

Housing Market Details

 

Age of Homes

AGE OF Mullins HOMES
2000 or Newer 2.9
1970 - 1999 36.9
1940 - 1969 50.4
1939 or Older 9.9

Types of Homes

TYPE OF Mullins HOMES
Single-Family 82.3
Townhomes 1.1
Small Apt. Buildings 12.5
Apt. Complexes 2.1
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Mullins HOMES
No Bedroom 0.00
1 Bedroom 10.94
2 Bedrooms 22.42
3 Bedrooms 45.67
4 Bedrooms 17.70
5 or more bedrooms 3.27

Popular Neighborhoods in Mullins

Zip Codes in Mullins, SC